Utah Independent Bank

Overview / Commentary
55 South State Street
Salina, UT 84654

Utah Independent Bank is headquartered in SALINA and is the 38th largest bank in the state of Utah. It is also the 3,548th largest bank in the nation. It was established in 1977 and as of September of 2023, it had grown to 24 employees at 4 locations. Utah Independent Bank's money market rates are 8X the national average, and it has an A health rating.


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Health Grade Components

FDIC Certificate #22514
Year Established1977
Primary RegulatorFED
Profit Margin
Return on Assets - YTD3.36%
Return on Equity - YTD26.78%
Annual Interest Income$6.3MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$135.1MM$141.4MM
LoansQ3 2023vs Q3 2022$76.8MM$70.2MM
DepositsQ3 2023vs Q3 2022$114.9MM$124.3MM
Equity CapitalQ3 2023vs Q3 2022$18.6MM$15.5MM
Loan Loss AllowanceQ3 2023vs Q3 2022$1.1MM$1MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$54K$791K
Real Estate OwnedQ3 2023vs Q3 2022$0$0
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Always verify rates and promotions with the bank or credit union. We are not Utah Independent Bank; 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.

Utah Independent Bank Savings Account Rates

0.30%*$5k*-Savings Account
OTHER TIERS: 0.20% Up to $5k

Utah Independent Bank Money Market Rates

4.07%*$350k*-Business IMMA
OTHER TIERS: 0.50% Up to $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% Up to $20k | 1.00% $20k - $50k | 1.51% $50k - $100k | 2.02% $100k - $200k | 2.53% $200k - $350k

Utah Independent Bank Checking Account Rates

5.45%*$200k*$1mSuper 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

5.30%$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

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
Monroe Branch45 West Center StreetMonroe, UT 84754
Beaver Branch195 North Main StreetBeaver, UT 84713
Utah Independent Bank55 S State StSalina, UT 84654
Milford Branch326 South Main StreetMilford, UT 84751

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