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12 South Main Street
Layton, UT 84041

The First National Bank of Layton is headquartered in Layton and is the 33rd largest bank in the state of Utah. It is also the 2,388th largest bank in the nation. It was established in 1905 and as of March of 2014, it had grown to 111 employees at 8 locations. The First National Bank of Layton has a B+ health rating.

Mortgage Loans

I personally recommend anyone but First National Bank for your mortgage loan. I had the worst experience. A friend recommended them, which he apologized for later, and so I went in to get things started. I was told, "If anyone can get you done, we can." We got everything going and after a week and a half, I followed up to see how things were going. I was told, "Everything looks good. We should close this week." And nothing. I waited another week and called back to see how things were going and was told, "I had my underwriter look at it and she said everything looks good, we should close by the end of the week." And...nothing. This goes on for a month. I call again and she tells me, "Well we may need a co-signer, my underwriter is going to look at it." Ummm I thought she already did, at least three times before. But as anyone would guess, may need means you do need. So I go to Wells Fargo. They had me approved in a week. :) A month later I get a bill from First National saying I owe them $400.00 for an appraisal. So I call my loan officer and ask him about it. He asks me why would they do an appraisal before they had you approved? So I go to pay the bill (because it will apparently go to collections if I don't and you can't have that if your closing on a home) and ask why. They told me, "We never approve a construction loan without an appraisal." Makes sense, but why not get everything "looking good" first so all you have left to finalize a loan is the appraisal? That makes more sense, right? All in all, it was a horrible experience, I felt like no one knew what they were doing and it wasted a month and a half of building time and $400.00 for an unnecessary appraisal. Please stay away from First National Bank. It's a waste of your time and money.

What A Joke

I worked with First National Bank on a Mortgage.  The Loan Officer and Underwritter kept asking for the same paperwork over and over.  They needed paystubs for over 6 weeks because they were so slow in underwriting. 

I talked to the "Manager" Monica who gave me the run around more than my loan officer did.  I kept calling branches and was given the name of Jonathan Pocock.  I left 5 messages and never got a return call.  What a terrible experience.  Go anywhere else but First national bank of layton.

Poor Customer Service

Once upon a time we looked forward to visiting the FNB main branch in Layton. The tellers we friendly and called us by our first name. The last year or so the tellers and other staff seem bitter. This attitude comes from the bank manager. We have dealt with Mary. She is unpleasant to talk with. At one time the tellers worked for the bank for years. However, lately it seems like there is a new teller every few months.

Fantastic Experience

I had a great experience with First National Bank. I was referred to a loan officer from First National Bank who handled the refinance on my VA loan. The streamline process was efficient, and my loan officer did a great job communicating to me throughout the entire process. The best part: we signed the closing papers in the comfort of our own home! I think their level of customer service is unparalleled, and I have referred two of my Marine colleagues who also had positive experiences. I would refinance with them again.



Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 The First National Bank of Layton had $5.63 million in non-current loans and owned real-estate with $40.15 million in equity and loan loss allowances on hand to cover it. This gives The First National Bank of Layton a Texas Ratio of 14.02% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for The First National Bank of Layton decreased slightly from 17.75% as of March 31, 2013 to 14.02% as of March 31, 2014, resulting in a positive change of 21.04%.This indicates that the balance sheet and financial strength for The First National Bank of Layton has improved slightly in recent periods.

Deposit Growth


In the past year, The First National Bank of Layton has increased its total deposits by $6.62 million, resulting in 2.98% 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 The First National Bank of Layton has shown is above average.



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. The First National Bank of Layton has $270.08 million in assets with $40.15 million in equity, resulting in a capitalization level of 14.87%, which is excellent.

Institution Statistics

FDIC Certificate #2260
Year Established1905
Primary RegulatorOCC
Assets and Liabilities
Assets$270.08 million
Loans$141.82 million
Deposits$228.65 million
Equity Capital$36.16 million
Loan Loss Allowance$4.00 million
Unbacked Noncurrent Loans$2.36 million
Real Estate Owned$3.27 million
Historic Data - March 2013
Assets$267.31 million
Equity Capital$37.25 million
Loan Loss Allowance$4.24 million
Unbacked Noncurrent Loans$2.36 million
Real Estate Owned$5.35 million
Profit Margin - Quarterly
Net Interest Margin3.84%
Return on Assets0.09%
Return on Equity0.69%
Interest Income$2.42 million

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The First National Bank of Layton Savings Account Rates

0.15%$5k-Ultimate Savings
0.10%--Traditional Savings
0.10%$25-IRA Savings

The First National Bank of Layton Money Market Rates

0.15%$100k-MMDA Account

The First National Bank of Layton Checking Account Rates

0.10%$100k-Legacy Checking
0.10%$50k-Interest Checking
0.10%$100k-Business Plus Checking

The First National Bank of Layton CD Rates

1.46%$500-5 Year CD
1.01%$500-4 Year CD
0.75%$500-3 Year CD
0.50%$500-2 Year CD
0.35%$500-1 Year CD
0.25%$500-6 Month CD
0.25%$100k-180 Day CD
0.15%$500-3 Month CD
0.15%$100k-90 Day CD
0.10%$500-7-89 Day CD
0.10%$100k-14 Day CD
0.10%$100k-30 Day CD

The First National Bank of Layton IRA Rates

1.46%$500-60 Month IRA
0.50%$500-24 Month IRA
0.35%$500-12 Month IRA
0.25%$500-6 Month IRA

The First National Bank of Layton Locations
The First National Bank Of Layton12 South Main StreetLayton, UT 84041
Draper Office Branch136 West 12300 SouthDraper, UT 84020
Layton Hills Branch1601 North Hill Field RoadLayton, UT 84041
Bountiful Branch207 South MainBountiful, UT 84010
Salt Lake City Branch400 South 480 EastSalt Lake City, UT 84111
Clearfield Branch690 South State StreetClearfield, UT 84015
Fairfield Branch980 North Fairfield RoadLayton, UT 84041