# REDEMPTION BANK
SALT LAKE CITY, UT · FDIC certificate 21448 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *credit-stressed*. Composite score 6 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $77.5M | |
| Deposits | $62.9M | |
| Loans and leases | $59.3M | |
| Total equity | $14.0M | |
| Loans / deposits | 93.00% (p84 of band) | 73.59% |
| Liquid assets / assets | 21.68% (p26 of band) | |
| Uninsured deposits / deposits | 23.35% (p63 of band) | 19.81% |
| Brokered deposits | 11.57% | |
| Wholesale funding | 11.57% (p87 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 18.55% (p88 of band) | 11.76% |
| Unrealized securities loss / equity | -0.07% (p90 of band) | -6.57% |
| AOCI / equity | -0.09% (p65 of band) | |
| ROA (annualized) | -0.28% (p5 of band) | 1.17% |
| Net interest margin | 5.64% (p97 of band) | 3.93% |
| Efficiency ratio | 99.96% (p94 of band) | |
| Noncurrent loans | 0.38% (p51 of band) | 0.36% |
| Net charge-offs (annualized) | 0.00% (p17 of band) | |
| Reserve coverage of noncurrent | 373.89% | |
| Real estate % of loans | 74% | |
| Construction % of loans | 61.03% (p85 of band) | |
| Auto loans | $44,000 (0.07% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -5.2% | |
| Employees | 16 | |

## Flags firing in the latest filing

- **brokered >10%** (`liq_brokered`)
- **capital falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **deposits shrinking** (`shrink_deposits`)
- **uninsured deposits leaving** (`flight_uninsured`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | losing money, noncurrent p90, reserve under noncurrent |  |
| 2011-06 | 4 | expense ratio p90, charge-offs p90 | noncurrent p90 |
| 2011-09 | 4 | noncurrent p90 | charge-offs p90 |
| 2011-12 | 3 |  | noncurrent p90 |
| 2012-03 | 5 | deposits shrinking, assets shrinking |  |
| 2012-06 | 4 |  | reserve under noncurrent |
| 2012-09 | 3 | uninsured deposits leaving | deposits shrinking, assets shrinking |
| 2012-12 | 0 |  | losing money, expense ratio p90, uninsured deposits leaving |
| 2013-03 | 1 | uninsured deposits leaving |  |
| 2013-06 | 1 | reserve under noncurrent | uninsured deposits leaving |
| 2013-09 | 0 |  | reserve under noncurrent |
| 2013-12 | 3 | capital falling, deposits shrinking, assets shrinking |  |
| 2014-03 | 1 | reserve under noncurrent | capital falling, deposits shrinking, assets shrinking |
| 2014-06 | 1 |  |  |
| 2014-09 | 1 |  |  |
| 2014-12 | 2 | charge-offs p90, construction >100% equity | reserve under noncurrent |
| 2015-03 | 0 |  | charge-offs p90, construction >100% equity |
| 2015-06 | 0 |  |  |
| 2015-09 | 0 |  |  |
| 2015-12 | 3 | construction >100% equity, deposits shrinking, assets shrinking |  |
| 2016-03 | 2 | uninsured deposits leaving | deposits shrinking, assets shrinking |
| 2016-06 | 2 | deposits shrinking | construction >100% equity |
| 2016-09 | 0 |  | uninsured deposits leaving, deposits shrinking |
| 2016-12 | 0 |  |  |
| 2017-03 | 0 |  |  |
| 2017-06 | 0 |  |  |
| 2017-09 | 1 | construction >100% equity |  |
| 2017-12 | 2 | capital falling |  |
| 2018-03 | 1 |  | capital falling |
| 2018-06 | 0 |  | construction >100% equity |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 2 | deposits shrinking, uninsured deposits leaving |  |
| 2019-09 | 2 |  |  |
| 2019-12 | 2 | assets shrinking | uninsured deposits leaving |
| 2020-03 | 0 |  | deposits shrinking, assets shrinking |
| 2020-06 | 0 |  |  |
| 2020-09 | 1 | capital falling |  |
| 2020-12 | 2 | construction >100% equity |  |
| 2021-03 | 0 |  | capital falling, construction >100% equity |
| 2021-06 | 0 |  |  |
| 2021-09 | 0 |  |  |
| 2021-12 | 1 | capital falling |  |
| 2022-03 | 0 |  | capital falling |
| 2022-06 | 0 |  |  |
| 2022-09 | 0 |  |  |
| 2022-12 | 3 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2023-03 | 3 |  |  |
| 2023-06 | 3 | expense ratio p90 | uninsured deposits leaving |
| 2023-09 | 3 | uninsured deposits leaving | expense ratio p90 |
| 2023-12 | 3 |  |  |
| 2024-03 | 0 |  | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2024-06 | 1 | uninsured deposits leaving |  |
| 2024-09 | 2 | capital falling |  |
| 2024-12 | 1 |  | uninsured deposits leaving |
| 2025-03 | 0 |  | capital falling |
| 2025-06 | 0 |  |  |
| 2025-09 | 0 |  |  |
| 2025-12 | 1 | expense ratio p90 |  |
| 2026-03 | 2 | losing money |  |
| 2026-06 | 6 | brokered >10%, capital falling, deposits shrinking, uninsured deposits leaving |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-06-19 [Utah’s Redemption Bank launches card program to steer money to single mothers in poverty - NPR Utah | KUER](https://news.google.com/rss/articles/CBMi0gFBVV95cUxQbV9COVRicm5MZzBsZzBrT2Z1X2IwdEpMTkp5U2dZQjQ0Wjl2UkhtRnlIY2JyN010NzhfM2x4Vmh0QmNIeHFyZjVXS1Q1bTJiaUdnbnJuaC1KdlhGWjBEclVRVENOekFCV2RGT3pLVDM0aFQxYUVyenJVRW1MNHBxMS1ucVhFeFRZdDFYYVdZcmN1SFhTYXdKWE9FM3JXOHExMkZjNlJ6TTg2dDY1UGR2SGpMY05nOXVkSEo3cEQ0cmRleUJteUlfOFRKS2xCbFE0bXc?oc=5) · NPR Utah | KUER
- 2026-06-24 [Bank co-founded by Bernice King launches debit card to help Georgia mothers - AJC.com](https://news.google.com/rss/articles/CBMiswFBVV95cUxPemo1T0RVZ0VTQVlyN0ZWaXJFNW9lTDB1U1c2NEZnZWJlb3M5dUJXQV90b05pMzJrV0tpMFYyemVxdG8wQVRiYTY2VnR6TmlOT1Voc1ZRUUNfV0VaM1lIcThMTTFlNTM1cDYtRWZmY3lidi1zLXlQWEdheWY4ZDZSald4bHhOZll4ZGpNa3NmVGVZQy1ZcWQyRURvSUllWWg5QW5pbUlYWGY2TllWa0E0V0NCMA?oc=5) · AJC.com
- 2026-04-18 [Ronald Spratling, founder of Holladay’s community bank, dies - sltrib.com](https://news.google.com/rss/articles/CBMid0FVX3lxTE56cGhyV2Zvb3ZJbHNDTzVjTUJydWJLR1g3dUR2dERkSGFyeWt5dm0yZDAxNUFUcFdBWGxPcGduWS1xenVZMXF3M2RacHBNRlJiNFJtT1BIai1hTmhZTHhyMFVzYUdhUjczYjZOdUR1RFFjWHY2aVpF?oc=5) · sltrib.com
- 2026-02-03 [Redemption Bank's historic Utah launch backed by former White House policy advisor, NFL and NBA stars - Fox Business](https://news.google.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?oc=5) · Fox Business
- 2026-01-10 [Utah takes leading role in pursuit of racial economic justice - Deseret News](https://news.google.com/rss/articles/CBMigAFBVV95cUxNNFdtSHZxenNtNXBCWVZGNFJBNUs2d1VjSS1YZWlmdVdpZ0dqZFNockFDREx2OFIzYllDNFNybHhhQ0VieV9kS2pWUnJPc2owWkZ5ZkNId09ac1RzaG9mSm5xTUl3Mk05dnk2b3ZPNTVhVl8wb0dOODE1QzlvVkNPbQ?oc=5) · Deseret News
- 2025-06-18 [Redemption Bank becomes the first Black-owned bank in the Rockies - AP News](https://news.google.com/rss/articles/CBMipwFBVV95cUxOdXRPSm1DQ3ZjUHdQZHlSa3FKODhwQ29VUmJKY0t5QjE0czBYc1VXTnJDbU9rb1ozNGFHaHRLQlRrbWxmMHAzR2pVSFZzU0cwUEYtcUhKaURNalNSXzhON3N6QTFuLU5HQmdTX1c4MGMxcjE5bTJ6YmdlRXV0UGJBUEZ1WUNlSndMdlNHLXAzNGFlclFRNXlYeC1XVHUxcEhHV2daazd6VQ?oc=5) · AP News
- 2025-10-08 [Martin Luther King Jr.'s daughter helps open Utah’s first Black-owned bank - FOX 13 News Utah](https://news.google.com/rss/articles/CBMiswFBVV95cUxOa2RlSTNsbWg2R2N5a25RVlF4emVZQWVyejk1T2dMM01McWFCMjJhVU5BaGF0SU1QSkV4TGwxVGhVdU5rTTFwNHNhdXI0b2xuNG8xb05jNXhQZURhVFRXcmQ3RXRmckVxejdiVzY3ZXRSbXRsdHpoallFUlM3bUVMWmFscnhwcjVOTkZpRjlPUE5SdFFyWUxYamh5TG1BNTFXaDNXOU5hUzM5Mm45Wnp6ZTk3OA?oc=5) · FOX 13 News Utah
- 2025-06-19 [Redemption opens as nation's newest Black-owned bank - American Banker](https://news.google.com/rss/articles/CBMikAFBVV95cUxONFBQTTZ1VFQwRnJRUkR1M1VvQzk0ZjFKUi1DRk8zYUlLTE51SS1MNm5ZQlp5dC1sX2IySHQtNnl0QzFNeFNfN1oxR2RzNTlQcUI0RXhQNVZrRFNSQk1jYWJFaGhyNVJWSU1RQ0NIMDMybUNKLUtaTk9TU1NrRXl3cV92cjFZdUdwT3hrZGp1Nk0?oc=5) · American Banker

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=21448 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/8.json (key "21448", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide