# FIRST ELECTRONIC BANK
SALT LAKE CITY, UT · FDIC certificate 35533 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *funding-stretched*. 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 | $502.9M | |
| Deposits | $285.6M | |
| Loans and leases | $204.5M | |
| Total equity | $198.3M | |
| Loans / deposits | 71.14% (p27 of band) | 82.04% |
| Liquid assets / assets | 56.89% (p96 of band) | |
| Uninsured deposits / deposits | 98.33% (p100 of band) | 25.97% |
| Brokered deposits | 0.05% | |
| Wholesale funding | 0.05% (p24 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 46.82% (p99 of band) | 10.81% |
| Unrealized securities loss / equity | -0.03% (p96 of band) | -8.10% |
| AOCI / equity | 0.00% (p74 of band) | |
| ROA (annualized) | 7.94% (p100 of band) | 1.28% |
| Net interest margin | 17.17% (p100 of band) | 3.91% |
| Efficiency ratio | 45.91% (p11 of band) | |
| Noncurrent loans | 0.01% (p12 of band) | 0.43% |
| Net charge-offs (annualized) | 0.04% (p73 of band) | |
| Reserve coverage of noncurrent | 5250.00% | |
| Real estate % of loans | 0% | |
| Construction % of loans | 0.00% (p2 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | -14.3% | |
| Employees | 129 | |

## Flags firing in the latest filing

- **uninsured deposits >50%** (`liq_uninsured`)
- **deposits shrinking** (`shrink_deposits`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | NIM <2.5% |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 1 |  |  |
| 2012-06 | 1 |  |  |
| 2012-09 | 1 |  |  |
| 2012-12 | 2 | deposits shrinking |  |
| 2013-03 | 1 |  | deposits shrinking |
| 2013-06 | 3 | capital falling, expense ratio p90 |  |
| 2013-09 | 1 | loans exceed deposits | NIM <2.5%, capital falling, expense ratio p90 |
| 2013-12 | 1 | expense ratio p90 | loans exceed deposits |
| 2014-03 | 5 | loans exceed deposits, losing money, deposits shrinking, uninsured deposits leaving |  |
| 2014-06 | 6 | assets shrinking |  |
| 2014-09 | 5 |  | assets shrinking |
| 2014-12 | 5 | assets shrinking | losing money |
| 2015-03 | 1 |  | expense ratio p90, deposits shrinking, uninsured deposits leaving, assets shrinking |
| 2015-06 | 1 | capital falling | loans exceed deposits |
| 2015-09 | 2 | loans exceed deposits |  |
| 2015-12 | 1 |  | loans exceed deposits |
| 2016-03 | 3 | losing money, expense ratio p90 |  |
| 2016-06 | 0 |  | capital falling, losing money, expense ratio p90 |
| 2016-09 | 1 | expense ratio p90 |  |
| 2016-12 | 2 | capital falling |  |
| 2017-03 | 2 |  |  |
| 2017-06 | 1 |  | capital falling |
| 2017-09 | 1 |  |  |
| 2017-12 | 0 |  | expense ratio p90 |
| 2018-03 | 0 |  |  |
| 2018-06 | 1 | loans exceed deposits |  |
| 2018-09 | 2 | brokered >10% |  |
| 2018-12 | 2 | capital falling | loans exceed deposits |
| 2019-03 | 2 |  |  |
| 2019-06 | 2 | uninsured deposits >50% | capital falling |
| 2019-09 | 1 |  | brokered >10% |
| 2019-12 | 2 | capital falling |  |
| 2020-03 | 1 |  | capital falling |
| 2020-06 | 4 | expense ratio p90, deposits shrinking, assets shrinking, uninsured deposits leaving | uninsured deposits >50% |
| 2020-09 | 3 |  | expense ratio p90 |
| 2020-12 | 4 | uninsured deposits >50% |  |
| 2021-03 | 1 |  | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2021-06 | 2 | capital falling |  |
| 2021-09 | 1 |  | capital falling |
| 2021-12 | 1 |  |  |
| 2022-03 | 1 |  |  |
| 2022-06 | 2 | capital falling |  |
| 2022-09 | 2 |  |  |
| 2022-12 | 1 |  | capital falling |
| 2023-03 | 1 |  |  |
| 2023-06 | 1 |  |  |
| 2023-09 | 1 |  |  |
| 2023-12 | 1 |  |  |
| 2024-03 | 2 | capital falling |  |
| 2024-06 | 2 |  |  |
| 2024-09 | 1 |  | capital falling |
| 2024-12 | 1 |  |  |
| 2025-03 | 1 |  |  |
| 2025-06 | 1 |  |  |
| 2025-09 | 1 |  |  |
| 2025-12 | 2 | deposits shrinking |  |
| 2026-03 | 4 | assets shrinking, uninsured deposits leaving |  |
| 2026-06 | 2 |  | assets shrinking, uninsured deposits leaving |

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

- 2026-07-21 [High-Cost Rent-a-Bank Loan Watch List - NCLC](https://news.google.com/rss/articles/CBMieEFVX3lxTE50NVRQTm1YeWR4SlljRnR5V21DcXJUaVh5QUlvZDlTQkNMQVpFZkFXVUFiTXJUUFdXZU9NQng2MEtrcGZMNy02anpjNzI3djVnSnNSSGtIZlFONTRNZ0I4SzFyaWdJWU1DQW91U0JPNlotUy0xSS0xVw?oc=5) · NCLC
- 2026-02-05 [Utah Banks Are Quietly Rewriting the Rules on Fintech Risk - TechBuzz News](https://news.google.com/rss/articles/CBMikgFBVV95cUxPVndDTjZ1eUtZRFpHSnlXS1RvcWRZVUx0MmowRUxTUWJ6WWJaVlRneVo5Vl9IOUtZeVd0S2pXcUlZdHdxSF83bUxHQ1ExeE9OQ2RsYWJwd1lLclY3cURRMkVHcjRLalY4MWpZaGpZVHZHV2dFNkdwY0FRUW5rVjh5QWMwNVN5VDhTVWdBX2Z0UDMyZw?oc=5) · TechBuzz News
- 2022-02-04 [Four Utah banks targeted for laundering predatory loans of up to 225% APR - ABC4 Utah](https://news.google.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?oc=5) · ABC4 Utah
- 2023-12-05 [How Fry’s Electronics Pivoted From Tech To High-Interest Consumer Loans - Forbes](https://news.google.com/rss/articles/CBMi4gFBVV95cUxOTnhES1VIb2ZlYVN6VmZ4dFlrTGZ6ay1qS2RzQ0ROanRqOER6QlVNZ2RBWUxzT0NxU056VVFEU0pUb3lYYUVRYkstVXJUNEdFbnhEZGFqQ2JlQzhUZVVXejk4MnJaeVFielhMRVRRejRSOF93dlBrbWlxWTA0eVBiWTA3bk1YMTVGSF9hMmJFa2toWjVIR1Z6clZUZXBCVGZoMzZ4VlQ5WEJwRncyZzdLNGJOcDJ6TmpYOGV0T0h3VGJxb1NpVmpfdFBTZEVWZEhRZ2VWMmpBaVdkV3Y3NnEyRnJR?oc=5) · Forbes
- 2021-06-15 [Why a high-cost consumer lender is buying a tiny Utah bank - American Banker](https://news.google.com/rss/articles/CBMinAFBVV95cUxOQTJZZnhCNUtCWi1zTGt2U2tGLXUtbDRWa1R1LWtrRW1nSkFoWmFFXzU1eGF6bEdfUG9KUThIeXBHZjMyVUlEUnJSU2lPbXN0VHd5aV9hWGFpOEtNdE16VjItbTNiODFwUGNuWUFKcjQ3RXloY3hMbFVya2RVRG85c0RFYnpnZ1BGRS1ENDU2SnFaYWVzandzWWJTc2k?oc=5) · American Banker
- 2022-02-04 [FDIC-supervised banks are helping predatory lenders make loans up to 225% APR that are illegal in almost every state - Americans for Financial Reform](https://news.google.com/rss/articles/CBMiqgJBVV95cUxPcDZYcXRuOVYteGx4NFFRd1RjY0Q4bG43QUhzc25maldLalRIQ0IwZ1JlVm1VdmFHZHBIbDlIZVF4QnpVbjB0c2U1QkptdEdDcjV5Yk5jdHNaYXpmMmt0Z3dTcGtoTndNczI4M3RXbmc3cm1ZTlpRanBIYVBkVUh6eXc5VmM2cTlZNDE4aXhNQ0ZiYlpGdEtyQl9acTFOME83N0hDR2lGTUVBMDBuV3QxMzRsN2EyMU0xQUVSbi1FZnBQNm9HNHRMYmJ6YU9ZaUJZS3Jadl9pUEFHMzdibnE3MTF2Y1RLYWwtVjhVcWg0aC1QMjlqeFUxZlRGaXNPa0s2LW8yeHczZVFDdm9XV1BkRXRVNU9CVU81QTJWVl8tVzBZeEtnV1VheDJB?oc=5) · Americans for Financial Reform
- 2022-02-08 [Utah bank’s predatory lending partner to pay $4 million settlement for charging up to 149% in APR - ABC4 Utah](https://news.google.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?oc=5) · ABC4 Utah
- 2022-12-21 [How 4 small Utah banks have taken 'predatory lending' national. It's all thanks to state law, critics say - USA Today](https://news.google.com/rss/articles/CBMiugFBVV95cUxPMi16czlCcjNaVGlkQ3ZBUVRSSFczY0lBeGtsQ2xEWC1ZSVhYdW9aMnpfSGliSmp1RlRjdE9vVTVRWW1feEVUUGc1eXh3MF9SeXBZbktUdTBDbzVzVHhoVVNuVXFXbXlpUmVwcmU2ZDM0MjZPQXVDMnhUSThxZk5maGRzaGRrRDJqWFk0QjVPcndvandxYXF2VHhaZG1TNEwzRlJxRV84R1Rfamlnb3FpTm03cEM0OXVyT3c?oc=5) · USA Today

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=35533 (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/13.json (key "35533", 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