Utah Independent Bank: how it compares with its peers
Against 999 U.S. banks with half to twice its assets, Utah Independent Bank's strongest measure in Q2 2026 is return on assets (3.43% vs. a 1.20% peer median). Its weakest relative measure is assets per employee ($7.1M vs. $6.6M).
| Measure | Utah Independent Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 3.43% | 1.20% | Top third Ahead of 99% of peers |
| Net interest margin Annualized net interest income over earning assets. | 6.88% | 3.94% | Top third Ahead of 99% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 42.95% | 63.90% | Top third Ahead of 94% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $7.1M | $6.6M | Middle third Ahead of 60% of peers |
| Loans to deposits Net loans and leases over total deposits. | 83.56% | 76.41% | Context |
What it means for lending operations
Its efficiency ratio of 42.95% is better than the 63.90% peer median. Banks that already run lean usually find their next gains in loan growth: faster digital applications and fewer borrowers abandoning a slow document chase.
Banks closest in size
- Farmers and Merchants Bank Sylvania, GA · $171M
- Millville Savings Bank Millville, NJ · $170M
- Illini State Bank Oglesby, IL · $172M
- Bank of Estes Park Estes Park, CO · $172M
- State Bank of Reeseville Reeseville, WI · $170M
- Valley State Bank Russellville, AL · $169M
Questions about Utah Independent Bank
How big is Utah Independent Bank?
Utah Independent Bank, established in 1977, is headquartered in Salina, UT. It reported $171M in total assets in its Q2 2026 FDIC call report and operates 4 offices.
What is Utah Independent Bank's return on assets?
3.43% annualized in Q2 2026, against a 1.20% median for 999 U.S. banks with half to twice its assets, ahead of 99% of them.
What is Utah Independent Bank's efficiency ratio?
42.95% in Q2 2026: it spent about 43 cents in noninterest expense for each dollar of revenue. The peer median is 63.90%, and lower is better.
Is Utah Independent Bank growing its loans?
Net loans grew 19.5% over the year to Q2 2026, while deposits grew 6.9%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are U.S. banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Utah bank ranked.