Utah Independent Bank

55 South State Street
Salina, UT 84654
www.uibankonline.com

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Utah Independent Bank is headquartered in Salina and is the 51^st largest bank in the state of Utah. It is also the 6,088^th largest bank in the nation. It was established in 1977 and as of March of 2012, it had grown to 20 employees at 3 locations. Utah Independent Bank has a 4-star health rating.

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

Utah Independent Bank Checking Account Rates

Apy	Min	Max	Product
0.81%	$200k	$1,100k	Super Now - Non Profits
0.81%	$200k	$1,100k	Super Now - Public Funds
0.20%	$100k	-	Super Now-Individual
0.10%	$500	-	NOW Account

Utah Independent Bank Savings Account Rates

	Apy	Min	Max	Product
	0.20%	$5k	-	Savings Account

Utah Independent Bank Money Market Rates

	Apy	Min	Max	Product
	0.40%	$200k	$350k	Insured Money Market

Utah Independent Bank CD Rates

Apy	Min	Max	Product
1.51%	$500	-	5 Year CD
0.75%	$500	-	30 Month CD
0.50%	$500	-	18 Month CD
0.45%	$500	-	1 Year CD
0.30%	$500	-	6 Month CD
0.25%	$500	-	90 Day CD

Utah Independent Bank IRA Rates

Apy	Min	Max	Product
0.75%	$500	-	30 Month IRA
0.50%	$25	-	18 Month Fixed IRA
0.50%	$25	-	18 Month Variable IRA

Rates updated: 5/27/2012

Data for Q1 2012

Institution Statistics

Utah Independent Bank
FDIC Certificate #	22514
BankRate Report	View
Year Established	1977
Employees	20
Primary Regulator	FED
Assets and Liabilities
Assets	$59.36 million
Loans	$34.24 million
Deposits	$50.53 million
Equity Capital	$8.37 million
Loan Loss Allowance	$1.10 million
Unbacked Noncurrent Loans	$824,000
Real Estate Owned	$733,000
Historic Data - March 2011
Assets	$59.17 million
Equity Capital	$7.66 million
Loan Loss Allowance	$981,000
Unbacked Noncurrent Loans	$1.28 million
Real Estate Owned	$825,000
Profit Margin - Quarterly
Net Interest Margin	4.53%
Return on Assets	1.42%
Return on Equity	10.35%
Interest Income	$660,000

Institution Health

Overall Score:

4 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 Utah Independent Bank had $1.56 million in non-current loans and owned real-estate with $9.47 million in equity and loan loss allowances on hand to cover it. This gives Utah Independent Bank a Texas Ratio of 16.44% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Utah Independent Bank decreased slightly from 24.36% as of March 31, 2011 to 16.44% as of March 31, 2012, resulting in a positive change of 32.50%.This indicates that the balance sheet and financial strength for Utah Independent Bank has improved slightly in recent periods.
Deposit Growth
In the past year, Utah Independent Bank has decreased its total deposits by $-894,000, resulting in -1.74% 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 Utah Independent Bank has shown is below average.
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. Utah Independent Bank has $59.36 million in assets with $9.47 million in equity, resulting in a capitalization level of 15.95%, which is excellent.