First Utah Bank

3826 South 2300 East
Salt Lake City, UT 84109
(801) 272-9454
www.firstutahbank.com

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First Utah Bank is headquartered in Salt Lake City and is the 33^rd largest bank in the state of Utah. It is also the 2,582^nd largest bank in the nation. It was established in 1978 and as of March of 2012, it had grown to 110 employees at 8 locations. First Utah Bank's savings rates are 63% higher than the national average, and it has a 3-star health rating.

First Utah Bank Routing Number: 124302613

Reward Checking and Savings Accounts at First Utah Bank - 5/24/2012

Banks and credit unions continue to come out with new reward checking accounts. New accounts are not as common as they used to be, but any new accounts in today's environment is good news. Also, the r ...

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See Rates for: Checking | Savings | Money Market | CD

First Utah Bank Checking Account Rates

Apy	Min	Max	Product
2.15%	-	$25k	Kasasa Cash - Qualifying
0.50%	-	-	Nonprofit NOW
0.45%	$1m	-	Super Senior NOW Checking
0.45%	$1m	-	Private Banking NOW Checking
0.45%	$1m	-	First Pro Checking
0.45%	$1m	-	First Place Checking
0.20%	$2,500	-	Checking Plus
0.05%	-	-	Kasasa Cash - Non Qualifying

First Utah Bank Savings Account Rates

Apy	Min	Max	Product
0.85%	$100	-	FLEX IRA
0.75%	-	$250k	Kasasa Saver - Qualifying
0.10%	$100	-	Basic Savings
0.05%	-	-	Kasasa Saver - Non Qualifying

First Utah Bank Money Market Rates

Apy	Min	Max	Product
0.50%	$1m	-	High Yield Money Market
0.45%	$1m	-	Money Market

First Utah Bank CD Rates

Apy	Min	Max	Product
1.51%	$100k	-	60 Month Jumbo CD
1.46%	$500	-	60 Month CD
1.05%	$100k	-	48 Month Jumbo CD
1.00%	$500	-	48 Month CD
0.90%	$100k	-	36 Month Jumbo CD
0.85%	$500	-	36 Month CD
0.70%	$500	-	25 Month Promotional CD
0.60%	$100k	-	24 Month Jumbo CD
0.55%	$500	-	24 Month CD
0.50%	$500	-	13 Month Promotional CD
0.45%	$100k	-	12 Month Jumbo CD
0.40%	$500	-	12 Month CD
0.30%	$500	-	7 Month Promotional CD
0.30%	$100k	-	6 Month Jumbo CD
0.25%	$500	-	6 Month CD
0.20%	$100k	-	3 Month Jumbo CD
0.15%	$2,500	-	3 Month CD
0.15%	$100k	-	1 Month Jumbo CD
0.10%	$2,500	-	1 Month CD

Rates updated: 5/25/2012 * Not all products updated

Data for Q1 2012

Institution Statistics

First Utah Bank
FDIC Certificate #	22738
BankRate Report	View
Year Established	1978
Employees	110
Primary Regulator	FED
Assets and Liabilities
Assets	$248.81 million
Loans	$150.24 million
Deposits	$210.54 million
Equity Capital	$19.22 million
Loan Loss Allowance	$6.61 million
Unbacked Noncurrent Loans	$9.81 million
Real Estate Owned	$9.32 million
Historic Data - March 2011
Assets	$273.64 million
Equity Capital	$17.12 million
Loan Loss Allowance	$8.28 million
Unbacked Noncurrent Loans	$14.04 million
Real Estate Owned	$18.68 million
Profit Margin - Quarterly
Net Interest Margin	3.94%
Return on Assets	-0.1%
Return on Equity	-1.29%
Interest Income	$2.63 million

Institution Health

Overall Score:

3 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 First Utah Bank had $19.12 million in non-current loans and owned real-estate with $25.83 million in equity and loan loss allowances on hand to cover it. This gives First Utah Bank a Texas Ratio of 74.04% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for First Utah Bank decreased significantly from 129.31% as of March 31, 2011 to 74.04% as of March 31, 2012, resulting in a positive change of 42.74%.This indicates that the balance sheet and financial strength for First Utah Bank has improved significantly in recent periods.
Deposit Growth
In the past year, First Utah Bank has decreased its total deposits by -$26.72 million, resulting in -11.26% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth First Utah Bank has shown is poor.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. First Utah Bank has $248.81 million in assets with $25.83 million in equity, resulting in a capitalization level of 10.38%, which is above average.