Central Bank: how it compares with its peers
Against 12 UT banks with half to twice its assets, Central Bank's strongest measure in Q2 2026 is return on assets (2.06% vs. a 2.09% peer median). Its weakest relative measure is assets per employee ($7.2M vs. $10.4M).
| Measure | Central Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 2.06% | 2.09% | Middle third Ahead of 50% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.94% | 5.76% | Middle third Ahead of 50% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 48.19% | 37.49% | Bottom third Ahead of 25% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $7.2M | $10.4M | Bottom third Ahead of 18% of peers |
| Loans to deposits Net loans and leases over total deposits. | 74.29% | 89.54% | Context |
What it means for lending operations
Its efficiency ratio of 48.19% is above the 37.49% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- Square Financial Services, Inc. Salt Lake City, UT · $2.06B
- Column National Association Salt Lake City, UT · $1.77B
- Transportation Alliance Bank, Inc. d/b/a TAB Bank Ogden, UT · $1.59B
- State Bank of Southern Utah Cedar City, UT · $2.74B
- Quill Bank Provo, UT · $1.56B
- Medallion Bank Salt Lake City, UT · $2.83B
Questions about Central Bank
How big is Central Bank?
Central Bank, established in 1891, is headquartered in Provo, UT. It reported $2.16B in total assets in its Q2 2026 FDIC call report and operates 13 offices.
What is Central Bank's return on assets?
2.06% annualized in Q2 2026, against a 2.09% median for 12 UT banks with half to twice its assets, ahead of 50% of them.
What is Central Bank's efficiency ratio?
48.19% in Q2 2026: it spent about 48 cents in noninterest expense for each dollar of revenue. The peer median is 37.49%, and lower is better.
Is Central Bank growing its loans?
Net loans grew 0.5% over the year to Q2 2026, while deposits grew 7.9%.
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 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.