# CELTIC BANK
SALT LAKE CITY, UT · FDIC certificate 57056 · asset band $1-10B · 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 | $5.33B | |
| Deposits | $3.90B | |
| Loans and leases | $4.58B | |
| Total equity | $928.3M | |
| Loans / deposits | 115.37% (p97 of band) | 87.10% |
| Liquid assets / assets | 11.52% (p9 of band) | |
| Uninsured deposits / deposits | 9.11% (p4 of band) | 30.76% |
| Brokered deposits | 66.20% | |
| Wholesale funding | 74.63% (p100 of band) | |
| FHLB advances / assets | 8.44% | |
| Tier 1 leverage | 18.04% (p97 of band) | 10.50% |
| Unrealized securities loss / equity | -1.80% (p82 of band) | -7.75% |
| AOCI / equity | 0.00% (p77 of band) | |
| ROA (annualized) | 3.41% (p98 of band) | 1.26% |
| Net interest margin | 6.05% (p98 of band) | 3.70% |
| Efficiency ratio | 33.21% (p4 of band) | |
| Noncurrent loans | 3.63% (p98 of band) | 0.51% |
| Net charge-offs (annualized) | 0.42% (p94 of band) | |
| Reserve coverage of noncurrent | 45.28% | |
| Real estate % of loans | 43% | |
| Construction % of loans | 9.44% (p10 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p35 of band) | |
| Deposits YoY | 37.0% | |
| Employees | 382 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **noncurrent p90** (`aq_noncurrent`)
- **charge-offs p90** (`aq_nco`)
- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 4 | brokered >10%, wholesale funding >15%, charge-offs p90, reserve under noncurrent |  |
| 2011-06 | 4 |  |  |
| 2011-09 | 4 | liquid assets <10% | charge-offs p90 |
| 2011-12 | 4 |  |  |
| 2012-03 | 4 |  |  |
| 2012-06 | 4 |  |  |
| 2012-09 | 3 |  | reserve under noncurrent |
| 2012-12 | 6 | loans exceed deposits, charge-offs p90, uninsured deposits leaving |  |
| 2013-03 | 6 | capital falling | loans exceed deposits |
| 2013-06 | 5 | loans exceed deposits | charge-offs p90, capital falling |
| 2013-09 | 4 | charge-offs p90 | liquid assets <10%, loans exceed deposits |
| 2013-12 | 3 |  | uninsured deposits leaving |
| 2014-03 | 3 |  |  |
| 2014-06 | 5 | loans exceed deposits, liquid assets <10% |  |
| 2014-09 | 6 | uninsured deposits leaving |  |
| 2014-12 | 6 | capital falling | uninsured deposits leaving |
| 2015-03 | 4 |  | loans exceed deposits, liquid assets <10% |
| 2015-06 | 3 |  | capital falling |
| 2015-09 | 3 |  |  |
| 2015-12 | 3 |  |  |
| 2016-03 | 7 | loans exceed deposits, liquid assets <10%, capital falling, uninsured deposits leaving |  |
| 2016-06 | 5 |  | capital falling, uninsured deposits leaving |
| 2016-09 | 5 |  |  |
| 2016-12 | 5 |  |  |
| 2017-03 | 5 |  |  |
| 2017-06 | 6 | uninsured deposits leaving |  |
| 2017-09 | 7 | capital falling |  |
| 2017-12 | 6 |  | capital falling |
| 2018-03 | 6 |  |  |
| 2018-06 | 6 |  |  |
| 2018-09 | 6 |  |  |
| 2018-12 | 6 |  |  |
| 2019-03 | 5 |  | uninsured deposits leaving |
| 2019-06 | 4 |  | liquid assets <10% |
| 2019-09 | 5 | liquid assets <10% |  |
| 2019-12 | 5 |  |  |
| 2020-03 | 4 | capital falling | loans exceed deposits, liquid assets <10% |
| 2020-06 | 4 | loans exceed deposits | charge-offs p90 |
| 2020-09 | 6 | liquid assets <10%, NIM <2.5% |  |
| 2020-12 | 5 |  | capital falling |
| 2021-03 | 5 |  |  |
| 2021-06 | 8 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2021-09 | 7 | charge-offs p90 | liquid assets <10%, uninsured deposits leaving |
| 2021-12 | 6 |  | deposits shrinking |
| 2022-03 | 6 | uninsured deposits leaving | NIM <2.5% |
| 2022-06 | 7 | noncurrent p90 |  |
| 2022-09 | 8 | capital falling |  |
| 2022-12 | 7 |  | assets shrinking |
| 2023-03 | 5 |  | charge-offs p90, uninsured deposits leaving |
| 2023-06 | 3 |  | loans exceed deposits, noncurrent p90 |
| 2023-09 | 4 | loans exceed deposits, noncurrent p90 | capital falling |
| 2023-12 | 4 | charge-offs p90 | loans exceed deposits |
| 2024-03 | 4 | loans exceed deposits | charge-offs p90 |
| 2024-06 | 5 | reserve under noncurrent |  |
| 2024-09 | 4 |  | reserve under noncurrent |
| 2024-12 | 5 | reserve under noncurrent |  |
| 2025-03 | 7 | capital falling, charge-offs p90 |  |
| 2025-06 | 7 |  |  |
| 2025-09 | 7 |  |  |
| 2025-12 | 6 |  | capital falling |
| 2026-03 | 6 |  |  |
| 2026-06 | 6 |  |  |

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

- 2025-08-28 [Celtic Bank ‘fueled’ Ponzi scheme, lawsuit alleges - Banking Dive](https://news.google.com/rss/articles/CBMingFBVV95cUxQb2RING1DSURqckxDa24yVTMtQUxXQmdvbmw2TVg5d0pRX0l0djlUYTdUb1c5NDJNY2Vmam1Sd2NtVHJVOXhFUEh5a2FmNGI3UTJxYmU4Sm9nZnVwSF9lRjZUU21UNl9YN2hLQUJhdG9lNTNfZ1l4NTlELWYxQjB0X3gtMzl0TGNfWENJRmdUdGlZMV9YaXBLV2szQUdoUQ?oc=5) · Banking Dive
- 2019-02-15 [Small banks you've never heard of are quietly enabling the tech takeover of the financial industry - CNBC](https://news.google.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?oc=5) · CNBC
- 2021-09-01 [Celtic Bank Expands Debt Financing to Growth-Stage Techs with New Recurring Revenue Loan Offering - PR Newswire](https://news.google.com/rss/articles/CBMi6AFBVV95cUxOZmNCeFZnX0xUbGYxSVZBdlZhTHRMaTl2c3VoS2JNWFh3UjNJTWNENGZERE02bHZaMkxBcmlaY2tmdWVza2d1cDhMd2phVWtKd2hyQXpQX2U2cWliUUVpZGVTVVUxY1NxVkxLZ19PVEVXcG5UTDdCVzkwbmV0eHVSYnZuekRuWUxadXNJdE9NRllvU3JkUVJwTUthX1pIVDY2SG91YUh2YzFfYjdPbElseUtjZ3Itb09PeERhaVpmS0dQQklPM1FOY2VzT0EwTEhvVEVDb3czNHRuRkF5ckpVRzZ2QkdRQUpq?oc=5) · PR Newswire
- 2022-01-21 [Do you wish Utah utilities used more solar energy? Here’s what’s holding us back. - The Salt Lake Tribune](https://news.google.com/rss/articles/CBMickFVX3lxTE5oQlVCYVVLVTNEcFZ0eThibkZlZWcybTdNWE5sTjd3dk1WWmtneEkxOUZoRWE1Z1g3d2dzR05OM0s3Q1dUOHEwY3ZSVUIzZG1UeUp4Y0dwOXBPOXZybnRIUDc5R2hxOWxFc2pZSExVZHhfZw?oc=5) · The Salt Lake Tribune
- 2020-01-23 [The Rise of Rent-a-Charter: Examining New Risks Behind Bank-Fintech Partnerships – The FinReg Blog - Sites@Duke Express](https://news.google.com/rss/articles/CBMixwFBVV95cUxQdnBzMWZ4S05EYm1mUzVaelkzQnl0SHU4cDY2cDdyVmtoYjJUTWtUall1RHdrN2h0OW9YcG11Vi1aUk9DV1FOZWpMNzJGWnpHZnFjOHlZQ3M4X3NNdVJDM0J6WVdSM2JySHAyWkl2bEhvb244NnNsdGNnaGs3ajdIeWxLQzlHSUNwcWR0Zm85dmdiQ2RtS2JQUUxqckJDdFM1Y3Izcm01M25xMGpfM0NuVVBqVUdKdkZIRGQ2ZHNzXzRxTGRaRmpJ?oc=5) · Sites@Duke Express
- 2021-03-10 [The many paths fintechs are taking to banking's mainstream - American Banker](https://news.google.com/rss/articles/CBMimAFBVV95cUxPOXY4cFB3SnlFX1RjREExQnA5OS1XaVpLOFFGMW5xQThOTkhrbXVBc1dkbGlITlVYaFBNUWRXRnJrZkZVdFc2OXlaWUVZVmUwclVCMHl3YkI2MkhlNjNmZVZ4Z2N6MUVqVkxkVzhFUXhRdXZFZFkybkljQXZEbnJNdFRKZklzUElHVVJXVnNDbGNtVGx0VHltOA?oc=5) · American Banker
- 2021-03-02 [Square Officially Becomes a Bank - deBanked](https://news.google.com/rss/articles/CBMib0FVX3lxTE5jZFJCU2w0ZkZqd2Joa1JRdW1yMzRQZGhSd2RncU4zTVMxdGdoaExjMDE2c3F1X3lqQXlVRjA1cEhXc0o5cEMwZGNDbndyNmJZY0c1RWpBNnUyc3Iwdmk2X2ZiVVhiQjhweThkNjJzbw?oc=5) · deBanked
- 2013-01-12 [Press Release from Celtic Bank on north Texas Plane Crash - KLTV.com](https://news.google.com/rss/articles/CBMimgFBVV95cUxNT3lKWHcxa0FNLW1zRzFKY3dlV3VWS3FwR25WOGliU3hobnZ3VjRkNmdrcGJQcVdxemo0d0pZY3JwVHNyODkyWHdhblVtZW01UG03NS1GSm9pR0QtNkNJOEpnT21vRjFzdnlkSmszQ0RzT0ZvMUVWUFJMTWdXRGhmUjZGbUtBLW04Sy1qNkJ6Y2hTX1A4ZHR5ZHJR0gGsAUFVX3lxTE1yUFpPMDBUX1JIUTM2RlRUakd4Rl9UZzZVWUd6bjZaSDFURE82TG55QlRWQ3UyeHRVMzNQcWZjWEJ3S19VcHE4SmZQMXphb2QwMEdyNml0RkQ2YmhWYlhXMmt4YUZQeG83ZVV0WkNobUxwNWwzcXF5T1NoY3VZb2ZBX2xnaU9sOVh4ekgzZnFKdENsRjBQbWZGTkt2UXFjcVpmZG5rdnBJLW5rQTk?oc=5) · KLTV.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=57056 (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/32.json (key "57056", 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