# UTAH INDEPENDENT BANK
SALINA, UT · FDIC certificate 22514 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *ordinary*. Composite score 2 (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 | $170.9M | |
| Deposits | $143.2M | |
| Loans and leases | $121.1M | |
| Total equity | $25.8M | |
| Loans / deposits | 83.56% (p68 of band) | 73.59% |
| Liquid assets / assets | 25.29% (p33 of band) | |
| Uninsured deposits / deposits | 20.82% (p54 of band) | 19.81% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p23 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 16.31% (p83 of band) | 11.76% |
| Unrealized securities loss / equity | -3.63% (p62 of band) | -6.57% |
| AOCI / equity | -0.51% (p44 of band) | |
| ROA (annualized) | 3.43% (p96 of band) | 1.17% |
| Net interest margin | 6.88% (p99 of band) | 3.93% |
| Efficiency ratio | 42.95% (p5 of band) | |
| Noncurrent loans | 1.82% (p83 of band) | 0.36% |
| Net charge-offs (annualized) | -0.05% (p4 of band) | |
| Reserve coverage of noncurrent | 66.05% | |
| Real estate % of loans | 76% | |
| Construction % of loans | 105.34% (p95 of band) | |
| Auto loans | $3.3M (2.72% of loans; DQ 2.22%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 6.9% | |
| Employees | 24 | |

## Flags firing in the latest filing

- **reserve under noncurrent** (`aq_reserve`)
- **construction >100% equity** (`conc_construction`)

## Warning timeline

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

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

- 2021-04-28 [Jason Wayne Shaw Obituary Apr 28, 2021 - Magleby Mortuary](https://news.google.com/rss/articles/CBMiY0FVX3lxTE5FWFgxVHkwYmNiWERxa3NrVkQ2QUJ1MmM2V2tsVWdWUVZRN0FXT0xrY0ViaG9kQXlQdG9rQmFzQURzZThjNG8wY0pfR2g5dU1JUmNZbGdRSXJpZ0xpSVZWVThLcw?oc=5) · Magleby Mortuary
- 2026-06-26 [Community fundraising efforts take shape to support families displaced by Cottonwood Fire - KSL.com](https://news.google.com/rss/articles/CBMixAFBVV95cUxQU3NNZ1JFNlVpcHY3MEcwSzVka2owVEY2d1pJR0psS0lCYW54d1E1LWlaUG1nblZVOHQ1OC1nbXFDVFBiYzhkTDlzclN5RjVEWDUzN1RmUEZ2VTNSQ2JtdFVTaWV4dU81Y0dlZ1BnZVRMaUtFZmdiNDNqTWxGNUh4aERiTlI3WHRfMzh3WTlOZktTTFp4VV8zVDNmZG9VMURrSUFUV1E1eF9QRWVGT2dRNUE3Z25RMVpvZmdCdk1fbzR4Wmhq?oc=5) · KSL.com
- 2026-07-25 [‘This is not over’: Officials give update on Beaver City flooding situation - ABC4 Utah](https://news.google.com/rss/articles/CBMipwFBVV95cUxOcWtwQ1RpRHZBRnROd2FDbi1UQUJ0NDBhSnczLU9HZlNuV0l0UVF3LWE0c3NWZ3lkY3BWM3JvSDRGOXR1YVZCSzZMNmtqLXhYLWtaR3EtNzJNTEZMcXZLWnhwRlVKSXJTUmtVak8zRlJ4ZzZ6eS13OEZETkl2VVRuQm9vQ3FxRF8xRDV1ZXFURW43cFVOeEFsXzNPV0dSNTdDSHNhOXBKd9IBrAFBVV95cUxQZkxqeXNtZlR2X3c2R09VM0lIdHBtWnFRNWotVFBYdjdsNFA2Y19rN25HQlFhMFRfbFB1OWZQeklhVG9vWGxSYmRhampZQkFhWEhmRF9iWU1Qc0ZUdGh2SkVka192bjRNY3NlbGJfVS12em9uVmpxMVdBQVN4dGI4bW56NGxPOHJOYkF1cTI5N0dKak9GYV82YmRIS3BqQk1IN2hmNDBxZ3JwMi16?oc=5) · ABC4 Utah
- 2022-08-05 [King Anderson Obituary (2022) - Richfield, UT - Springer Turner Funeral Home - Salina - legacy.com](https://news.google.com/rss/articles/CBMiggFBVV95cUxPYkpPLW1uaDFLaGU1aTFFOHhjYU5yNXU1T0J1LUZKWWJfYU00dllfZ002QkhhaU9Jb21fcUZNSEZHSmQ5WVZzZ0VHQXRJdXpiU2hybFZEWDFCMk9qTEJjQ0NXVS1VZ3ZHcmxxYmtOTDRMS0VYa3JWWUdaMTFudkZoNTFB?oc=5) · legacy.com
- 2026-07-17 [Some Utahns lost more than homes in a recent fire: ‘We lost our livelihood’ - The Salt Lake Tribune](https://news.google.com/rss/articles/CBMid0FVX3lxTE9kYlpuNndrT1RITF9TblRyUDgzb2lvSTBVZGR4S25EdTlqTkVRT21jdnNPNnRnMFhHejlMRFFxdnloUzcyWmFYR0lCOGVjdV9XOEhPS2ZSM0xGZGRLSERlNGk5OXBxcHNFbHl4SVA2Z19XQzB4WENJ?oc=5) · The Salt Lake Tribune
- 2026-06-26 [Community prepares donations for those impacted by Cottonwood Fire - ABC4 Utah](https://news.google.com/rss/articles/CBMijgFBVV95cUxNUGtjTlFtNnkyd2E1RXJUNjJHdjhNRmtEU0t3cWpjQU83UFFLN0xndUJBVzlENDhJV0RnM0JpZ3RSd1dqVFdKZXJfUld5VkpYYU1ReDJMelZNUFVHUlI1SmRpLU5XZVlVMU1KTnNyeFE2ZXRaU2Z1eUpVTTc2Uzc5NjFRaExoZDM2QmdDdHdB0gGTAUFVX3lxTE5wS1EzbFhJNEdEUG5Fbk9VMm1DdXlMZkxpdEx5U3lQQnBERlJiMmVHdU9jejg1bHZWWTFnSk5IS2x3NlJDTjROZy1wb2xmTWhyeldPcHhTVzJOYkphT1g1cTZ0Y2dLd2ZsUnRoRGpCN3I2RF8tNjBjTFd3eE5VRi1pTXAzdzFLZG11WUExVHpkeEx3Yw?oc=5) · ABC4 Utah
- 2026-06-27 [Beaver community helps family who lost condo in Cottonwood Fire - KSL.com](https://news.google.com/rss/articles/CBMiogFBVV95cUxQY3RiQ2ZYMWQ5UXVkUmtBeGhuYnJDREg1YzNVdnBLbE9wUWEyZmFVWGtVcHdQdFVkZFhTSHN0dXJhZmU5VlJmM0lIbzA2NF9UR05adGJnem14OVBEU0VaME1JVFZ4RF83QjExWEt2MGVGZmhzTjUyQ20wcXhwc2RSdzdkenIzZ1F3SF9SRzh5QzVwWjZLSTJtYWxQMlJfVnNnTUE?oc=5) · KSL.com
- 2026-06-25 [Locals fear 'dozens' of cabins potentially lost in Cottonwood Fire - KSL.com](https://news.google.com/rss/articles/CBMiowFBVV95cUxQSTN0djZncmRYQzVrY3ZkUlBFNjFLS3JJSUVlcXNnSGMyV0RwdVpnQy00R1B6dW1uSExWVERiY2R5M0NaS3Y3WlZmNW4tam9KZDNmNEJuZHJtSndILTBJdXE0V3kzQ19tZG1qbERpVnpOa0luNWM1SVlrLWNhbDlnR09MM29Zc2hIdC1OcUIwYTRWSUNQWFE4R09FWC1hV05JSWtN?oc=5) · KSL.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=22514 (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/50.json (key "22514", 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