Celtic Bank: how it compares with its peers
Against 9 UT banks with half to twice its assets, Celtic Bank's strongest measure in Q2 2026 is return on assets (3.41% vs. a 1.76% peer median). Its weakest relative measure is net interest margin (6.05% vs. 4.45%).
| Measure | Celtic Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 3.41% | 1.76% | Top third Ahead of 89% of peers |
| Net interest margin Annualized net interest income over earning assets. | 6.05% | 4.45% | Middle third Ahead of 56% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 33.21% | 45.84% | Top third Ahead of 78% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $14.0M | $12.9M | Middle third Ahead of 56% of peers |
| Loans to deposits Net loans and leases over total deposits. | 115.37% | 99.14% | Context |
What it means for lending operations
Its efficiency ratio of 33.21% is better than the 45.84% 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
- Green Dot Bank DBA Bonneville Bank Provo, UT · $5.44B
- Sunwest Bank Sandy, UT · $4.41B
- Bank of Utah Ogden, UT · $3.79B
- Cache Valley Bank Logan, UT · $3.49B
- Nelnet Bank Draper, UT · $3.00B
- WebBank Salt Lake City, UT · $2.86B
Questions about Celtic Bank
How big is Celtic Bank?
Celtic Bank, established in 2001, is headquartered in Salt Lake City, UT. It reported $5.33B in total assets in its Q2 2026 FDIC call report and operates 1 office.
What is Celtic Bank's return on assets?
3.41% annualized in Q2 2026, against a 1.76% median for 9 UT banks with half to twice its assets, ahead of 89% of them.
What is Celtic Bank's efficiency ratio?
33.21% in Q2 2026: it spent about 33 cents in noninterest expense for each dollar of revenue. The peer median is 45.84%, and lower is better.
Is Celtic Bank growing its loans?
Net loans grew 37.7% over the year to Q2 2026, while deposits grew 37.0%.
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 UT 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.