Liberty Bank, Inc.


Overview / Commentary
801-355-7411
326 South 500 East
Salt Lake City, UT 84102

Liberty Bank, Inc. is headquartered in Salt Lake City and is the 39th largest bank in the state of Utah. It is also the 5,167th largest bank in the nation. It was established in 1956 and as of December of 2019, it had grown to 21 employees at 1 location. Liberty Bank, Inc. has a D health rating.

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Reviews (3)

Utah's Neighborhood Bank

Liberty Bank is a small local community bank that is a huge supporter of small businesses.  Everyone at Liberty is friendly and committed to ensure a good experience for their customers.  They have over 50 years in financing small businesses.  Look around the valley and you will see the amazing businesses they support- Poplar Pub, Dailey Method, PMD, Fidler's Elbow... just to name a few.  Go in and see Kendall Phillips, he will make your dreams of small business ownership reality.

Cd Rate Different Than Advertised

Just called to find the rates for a 5 year jumbo cd is 2.25% APY if you aren't a local in 2 counties of UTAH instead of their advertised rate of 3.6% APY. A very significant difference!!!!

Worse Bank Ever.

Posted by: |

The bank president is crazy and comes up with this random analogies and conditions. He is obessed with power and control. Stay away!!!!!



Health
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Liberty Bank, Inc. has a very low asset base, and a negative return on equity.

Health Grade Components

Overall
FDIC Certificate #26816
Year Established1956
Employees21
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD-5.38%
Return on Equity - YTD-55.51%
Annual Interest Income$443.00K
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$9.3MM$9.0MM
LoansQ4 2019vs Q4 2018$4.1MM$5.3MM
DepositsQ4 2019vs Q4 2018$8.1MM$8.4MM
Equity CapitalQ4 2019vs Q4 2018$1.1MM$588.00K
Loan Loss AllowanceQ4 2019vs Q4 2018$235.00K$229.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$22.00K$186.00K
Real Estate OwnedQ4 2019vs Q4 2018$6.00K$13.00K
Rates

Rates for Liberty Bank, Inc. are currently being reviewed.

Locations


Liberty Bank, Inc. Locations
Liberty Bank, Inc.326 South 500 EastSalt Lake City, UT 84102

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