Overview / Commentary
377 North Main
Cedar City, UT 84721

State Bank of Southern Utah is headquartered in Cedar City and is the 20th largest bank in the state of Utah. It is also the 716th largest bank in the nation. It was established in 1957 and as of September of 2018, it had grown to 191 employees at 12 locations. State Bank of Southern Utah's CD rates are 96% higher than the national average, and it boasts an A+ health rating.

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State Bank of Southern Utah Ups 60-Month CD - 1/31/2018

State Bank of Southern Utah has raised the rate on its 60-month CD (2.78% APY) by 51 bps. The minimum opening deposit is $500, with no stated balance cap.

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Reviews (1)

Good for locals, but only in a small geographic area

I used this bank when I was living in a small town in Utah for a brief period. The customer service reps at the building were always fair and nice as they are locals and seemed to understand how to treat regulars. Since it was a smaller bank with only branches scattered in smaller towns, I did notice some personal touches which were appreciated by me as a consumer in terms of knowing your name, face, etc.. Their facilities were also always clean and professional despite not having tons of bells and whistles. Those are the pluses, but there are some things I would change. For starters, the online experience is a bit clumsy and doesn't have the slick look that many other bigger companies have. In addition, it seems like some of the interest rates I was offered simply weren't competitive as well which was a downer. In the end, I had to go somewhere that had more services.


Health Grade Components

FDIC Certificate #17964
Year Established1957
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.97%
Return on Equity - YTD14.86%
Annual Interest Income$34.6MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$1.08B$980.6MM
LoansQ3 2018vs Q3 2017$676.4MM$635.9MM
DepositsQ3 2018vs Q3 2017$914.3MM$822.4MM
Equity CapitalQ3 2018vs Q3 2017$142.0MM$131.4MM
Loan Loss AllowanceQ3 2018vs Q3 2017$9.5MM$9.6MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$802.00K$2.0MM
Real Estate OwnedQ3 2018vs Q3 2017$0$0
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Always verify rates and promotions with the bank or credit union. We are not State Bank of Southern Utah; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

State Bank of Southern Utah Savings Account Rates

OTHER TIERS: 1.26% Up to $25k | 1.76% $25k - $250k
0.25%--Regular Savings

State Bank of Southern Utah Money Market Rates

0.75%*$500k*-Money Market Account
OTHER TIERS: 0.45% $500 - $25k | 0.50% $25k - $100k | 0.60% $100k - $500k

State Bank of Southern Utah Checking Account Rates

1.26%*-$50kBig Interest Checking
OTHER TIERS: 0.25% $50k+
0.25%*$25k*-Emerald Elite
OTHER TIERS: 0.20% Up to $25k
0.25%*$500k*-Business Interest Checking
OTHER TIERS: 0.10% $5k - $50k | 0.13% $50k - $500k

State Bank of Southern Utah CD Rates

3.03%$500-60 Month CD
3.03%$500-Business 60 Month CD
2.27%$500-48 Month CD
2.27%$500-Business 48 Month CD
2.02%$500-36 Month CD
2.02%$500-Business 36 Month CD
1.76%$500-12 Month Add-On CD
1.76%$500-18 Month CD
1.76%$500-24 Month CD
1.76%$250k-12 Month CD
1.76%$500-Business 12 Month Add-On CD
1.76%$250k-Business 12 Month CD
1.76%$500-Business 18 Month CD
1.76%$500-Business 24 Month CD
0.75%$500-6 Month CD
0.75%$500-Business 6 Month CD
0.50%$500-3 Month CD
0.50%$500-Business 3 Month CD
0.25%$500-1 Month CD
0.25%$250k-2 Month CD
0.25%$500-Business 1 Month CD
0.25%$250k-Business 2 Month CD


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