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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 2,505th largest bank in the nation. It was established in 1905 and as of December of 2013, it had grown to 215 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.

Everyone In That Utah Office Should Be Fired

everything is wrong with them


withhold pay

do not pay bills

underwrting is poor

post close is poor

I Wish I Could Rate 0 Stars

I have never in my life had a more terrible experience than what I experienced obtaining a mortgage with this bank. They lied tks me repeatedly about when my loan was submitted to underwriting. My closing date was extended 9 times. I was originally supposed to close on August 9 and ended up closing on Sept 27. The worst part about the entire process is that I received no answers. Overtime I asked a question I was greeted with an "I don't know". At one point when I would suggest going with any other bank. I would go as far as to suggest taking an I O U from a homeless man before going to this bank for a loan.



Data for Q4 2013

Institution Health


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 December 31, 2013 The First National Bank of Layton had $6.28 million in non-current loans and owned real-estate with $40.34 million in equity and loan loss allowances on hand to cover it. This gives The First National Bank of Layton a Texas Ratio of 15.57% 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 20.17% as of December 31, 2012 to 15.57% as of December 31, 2013, resulting in a positive change of 22.80%.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 decreased its total deposits by -$14.48 million, resulting in -6.4% 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 below 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 $253.81 million in assets with $40.34 million in equity, resulting in a capitalization level of 15.89%, which is excellent.

Institution Statistics

FDIC Certificate #2260
Year Established1905
Primary RegulatorOCC
Assets and Liabilities
Assets$253.81 million
Loans$151.35 million
Deposits$211.81 million
Equity Capital$36.28 million
Loan Loss Allowance$4.07 million
Unbacked Noncurrent Loans$2.67 million
Real Estate Owned$3.61 million
Historic Data - December 2012
Assets$268.69 million
Equity Capital$35.15 million
Loan Loss Allowance$4.05 million
Unbacked Noncurrent Loans$2.67 million
Real Estate Owned$5.62 million
Profit Margin - Quarterly
Net Interest Margin4.13%
Return on Assets1.53%
Return on Equity11.13%
Interest Income$10.49 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