Central Bank (UT) is headquartered in PROVO and is the 23rd largest bank in the state of Utah. It is also the 584th largest bank in the nation. It was established in 1891 and as of June of 2024, it had grown to 287 employees at 12 locations. Central Bank (UT)'s money market rates are 9X the national average, and it has an A health rating.
Overall | |
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FDIC Certificate # | 9204 |
Year Established | 1891 |
Employees | 287 |
Primary Regulator | FDIC |
Profit Margin | |
---|---|
Return on Assets - YTD | 1.43% |
Return on Equity - YTD | 11.67% |
Annual Interest Income | $56.6MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q2 2024vs Q2 2023 | $1.98B$1.97B |
Loans | Q2 2024vs Q2 2023 | $1.19B$1.03B |
Deposits | Q2 2024vs Q2 2023 | $1.51B$1.5B |
Equity Capital | Q2 2024vs Q2 2023 | $248.5MM$212.5MM |
Loan Loss Allowance | Q2 2024vs Q2 2023 | $36.7MM$32.2MM |
Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $3MM$85K |
Real Estate Owned | Q2 2024vs Q2 2023 | $504K$1.2MM |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.35% | $1 | - | YOUth Smart Savings Account | |
0.15% | $100 | - | Business Savings | |
0.15% | $100 | - | Personal Statement Savings Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
3.82%* | $500k* | - | High Yield Money Market Account | ||
OTHER TIERS: 1.26% → $1k - $10k | 1.36% → $10k - $100k | 2.53% → $100k - $250k | 3.35% → $250k - $500k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
4.67% | $100 | - | 6 Month IRA Special | |
4.41% | $100 | - | 12 Month IRA Special | |
3.65% | $0 | - | 5 Year IRA | |
3.13% | $0 | - | 4 Year IRA | |
2.88% | $0 | - | 3 Year IRA | |
2.62% | $0 | - | 2 Year IRA | |
2.37% | $0 | - | 1 Year IRA |