# HAPPEN BANK NATIONAL ASSN
LEHI, UT · FDIC certificate 32551 · asset band $10-100B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *liquidity-rich*. 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 | $12.48B | |
| Deposits | $10.85B | |
| Loans and leases | $7.04B | |
| Total equity | $1.43B | |
| Loans / deposits | 63.12% (p11 of band) | 85.78% |
| Liquid assets / assets | 39.56% (p88 of band) | |
| Uninsured deposits / deposits | 11.97% (p14 of band) | 38.39% |
| Brokered deposits | 6.02% | |
| Wholesale funding | 6.02% (p44 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 10.98% (p73 of band) | 10.17% |
| Unrealized securities loss / equity | -3.94% (p71 of band) | -7.43% |
| AOCI / equity | -1.46% (p6 of band) | |
| ROA (annualized) | 1.82% (p86 of band) | 1.24% |
| Net interest margin | 6.30% (p95 of band) | 3.57% |
| Efficiency ratio | 74.08% (p94 of band) | |
| Noncurrent loans | 0.82% (p63 of band) | 0.66% |
| Net charge-offs (annualized) | 1.22% (p96 of band) | |
| Reserve coverage of noncurrent | 333.44% | |
| Real estate % of loans | 9% | |
| Construction % of loans | 4.52% (p19 of band) | |
| Auto loans | $407.4M (5.78% of loans; DQ 0.80%, NCO 0.01%) | |
| Loans to nondepository financials | $0 (0% of equity) (p8 of band) | |
| Deposits YoY | 17.2% | |
| Employees | 1093 | |

## Flags firing in the latest filing

- **expense ratio p90** (`earn_efficiency`)
- **charge-offs p90** (`aq_nco`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | wholesale funding >15%, reserve under noncurrent |  |
| 2011-06 | 2 |  |  |
| 2011-09 | 1 |  | reserve under noncurrent |
| 2011-12 | 1 | reserve under noncurrent | wholesale funding >15% |
| 2012-03 | 1 | expense ratio p90 | reserve under noncurrent |
| 2012-06 | 4 | reserve under noncurrent, assets shrinking, uninsured deposits leaving |  |
| 2012-09 | 2 |  | reserve under noncurrent, assets shrinking |
| 2012-12 | 3 | reserve under noncurrent |  |
| 2013-03 | 1 |  | expense ratio p90, uninsured deposits leaving |
| 2013-06 | 1 |  |  |
| 2013-09 | 5 | loans exceed deposits, uninsured deposits >50%, wholesale funding >15%, capital falling, run vulnerability | reserve under noncurrent |
| 2013-12 | 4 |  | capital falling |
| 2014-03 | 2 |  | loans exceed deposits, wholesale funding >15% |
| 2014-06 | 2 |  |  |
| 2014-09 | 2 |  |  |
| 2014-12 | 5 | loans exceed deposits, wholesale funding >15%, expense ratio p90 |  |
| 2015-03 | 5 | deposits shrinking | expense ratio p90 |
| 2015-06 | 2 |  | uninsured deposits >50%, run vulnerability, deposits shrinking |
| 2015-09 | 2 |  |  |
| 2015-12 | 3 | uninsured deposits >50%, capital falling, run vulnerability | loans exceed deposits, wholesale funding >15% |
| 2016-03 | 1 | reserve under noncurrent | uninsured deposits >50%, capital falling, run vulnerability |
| 2016-06 | 3 | wholesale funding >15%, NIM <2.5% |  |
| 2016-09 | 3 |  |  |
| 2016-12 | 5 | loans exceed deposits, brokered >10% |  |
| 2017-03 | 4 |  | NIM <2.5% |
| 2017-06 | 6 | capital falling, expense ratio p90, noncurrent p90 | loans exceed deposits |
| 2017-09 | 5 | charge-offs p90 | capital falling, expense ratio p90 |
| 2017-12 | 4 |  | noncurrent p90 |
| 2018-03 | 6 | capital falling, expense ratio p90 |  |
| 2018-06 | 4 |  | capital falling, expense ratio p90 |
| 2018-09 | 4 |  |  |
| 2018-12 | 5 | capital falling |  |
| 2019-03 | 5 | expense ratio p90 | capital falling |
| 2019-06 | 4 |  | expense ratio p90 |
| 2019-09 | 5 | capital falling |  |
| 2019-12 | 6 | expense ratio p90 |  |
| 2020-03 | 6 | noncurrent p90 | charge-offs p90 |
| 2020-06 | 6 | loans exceed deposits | noncurrent p90 |
| 2020-09 | 6 |  |  |
| 2020-12 | 3 | charge-offs p90 | reserve under noncurrent, brokered >10%, expense ratio p90, loans exceed deposits |
| 2021-03 | 6 | uninsured deposits >50%, brokered >10%, losing money, expense ratio p90, NIM <2.5% | capital falling, charge-offs p90 |
| 2021-06 | 4 |  | losing money, NIM <2.5% |
| 2021-09 | 3 | charge-offs p90 | brokered >10%, expense ratio p90 |
| 2021-12 | 3 | brokered >10% | uninsured deposits >50% |
| 2022-03 | 3 |  |  |
| 2022-06 | 3 |  |  |
| 2022-09 | 3 |  |  |
| 2022-12 | 4 | capital falling |  |
| 2023-03 | 5 | noncurrent p90, uninsured deposits leaving | wholesale funding >15% |
| 2023-06 | 4 |  | brokered >10% |
| 2023-09 | 2 |  | capital falling, noncurrent p90 |
| 2023-12 | 3 | brokered >10% |  |
| 2024-03 | 2 | capital falling | uninsured deposits leaving, brokered >10% |
| 2024-06 | 2 |  |  |
| 2024-09 | 3 | brokered >10% |  |
| 2024-12 | 2 |  | brokered >10% |
| 2025-03 | 1 |  | capital falling |
| 2025-06 | 1 |  |  |
| 2025-09 | 1 |  |  |
| 2025-12 | 1 |  |  |
| 2026-03 | 2 | expense ratio p90 |  |
| 2026-06 | 2 |  |  |

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

- nothing found for that search

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=32551 (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/39.json (key "32551", 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