Utah Independent Bank

Overview / Commentary

www.uib.bank

435-529-7459

55 South State Street
Salina, UT 84654

Utah Independent Bank is headquartered in SALINA and is the 38^th largest bank in the state of Utah. It is also the 3,461^st largest bank in the nation. It was established in 1977 and as of June of 2024, it had grown to 24 employees at 4 locations. Utah Independent Bank's money market rates are 8X the national average, and it has a B+ health rating.

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Health

B+

Data as of Q2 2024

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Health Grade Components

Overall
FDIC Certificate #	22514
Year Established	1977
Employees	24
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	3.53%
Return on Equity - YTD	26.09%
Annual Interest Income	$5MM

Assets and Liabilities
Assets	Q2 2024vs Q2 2023	$144MM$133.2MM
Loans	Q2 2024vs Q2 2023	$92.9MM$77.4MM
Deposits	Q2 2024vs Q2 2023	$122MM$114.4MM
Equity Capital	Q2 2024vs Q2 2023	$20.2MM$17.2MM
Loan Loss Allowance	Q2 2024vs Q2 2023	$1MM$1.1MM
Unbacked Noncurrent Loans	Q2 2024vs Q2 2023	$2.8MM$54K
Real Estate Owned	Q2 2024vs Q2 2023	$0$424K

Rates

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Savings
Money Market
Checking
CD
IRA

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

Utah Independent Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.30%^*	$5k^*	-	Savings Account
OTHER TIERS: 0.20% → $0 - $5k

Utah Independent Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
4.07%^*	$350k^*	-	Business IMMA
OTHER TIERS: 0.50% → $0 - $20k \| 1.00% → $20k - $50k \| 1.51% → $50k - $100k \| 2.02% → $100k - $200k \| 3.04% → $200k - $350k
3.56%^*	$350k^*	-	Individual IMMA
OTHER TIERS: 0.50% → $0 - $20k \| 1.00% → $20k - $50k \| 1.51% → $50k - $100k \| 2.02% → $100k - $200k \| 2.53% → $200k - $350k

Utah Independent Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
5.41%^*	$200k^*	$1m	Super Now - Non Profits
OTHER TIERS: 0.01% → $1m+ \| 0.05% → $600 - $20k \| 0.10% → $20k - $200k
0.60%^*	$100k^*	-	Super Now-Individual
OTHER TIERS: 0.40% → $600 - $20k \| 0.50% → $20k - $100k
0.10%	$500	-	NOW Account

Utah Independent Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
5.26%	$500	-	1 Year CD
3.84%	$500	-	6 Month CD
3.34%	$500	-	5 Year CD
3.24%	$500	-	18 Month CD
3.03%	$500	-	2 1/2 Years
2.53%	$500	-	90 Day CD

Utah Independent Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
3.55%	$25	-	18 Month Fixed IRA
3.55%	$25	-	18 Month Variable IRA
3.13%	$25	-	2 1/2 Year

Locations

Utah Independent Bank Locations
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

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