Utah Independent Bank is headquartered in SALINA and is the 38th largest bank in the state of Utah. It is also the 3,326th largest bank in the nation. It was established in 1977 and as of March of 2025, it had grown to 24 employees at 4 locations. Utah Independent Bank's money market rates are 7X the national average, and it has a B+ health rating.
Overall | |
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FDIC Certificate # | 22514 |
Year Established | 1977 |
Employees | 24 |
Primary Regulator | FED |
Profit Margin | |
---|---|
Return on Assets - YTD | 3.39% |
Return on Equity - YTD | 24.87% |
Annual Interest Income | $2.8MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q1 2025vs Q1 2024 | $159.6MM$143.2MM |
Loans | Q1 2025vs Q1 2024 | $98.8MM$87.7MM |
Deposits | Q1 2025vs Q1 2024 | $135.9MM$122.5MM |
Equity Capital | Q1 2025vs Q1 2024 | $22MM$19MM |
Loan Loss Allowance | Q1 2025vs Q1 2024 | $1.3MM$949K |
Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $3.4MM$18K |
Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |
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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 | |
---|---|---|---|---|---|
0.30%* | $5k* | - | Savings Account | ||
OTHER TIERS: 0.20% → $0 - $5k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
4.26% | $500 | - | 1 Year CD | |
3.53% | $500 | - | 6 Month CD | |
3.34% | $500 | - | 5 Year CD | |
3.24% | $500 | - | 18 Month CD | |
3.03% | $500 | - | 2 1/2 Years | |
2.52% | $500 | - | 90 Day CD |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
3.55% | $25 | - | 18 Month Fixed IRA | |
3.55% | $25 | - | 18 Month Variable IRA | |
3.13% | $25 | - | 2 1/2 Year |
Utah Independent Bank Locations | ||
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Monroe Branch | 45 West Center Street | Monroe, UT 84754 |
Beaver Branch | 195 North Main Street | Beaver, UT 84713 |
Utah Independent Bank | 55 S State St | Salina, UT 84654 |
Milford Branch | 326 South Main Street | Milford, UT 84751 |