Utah Independent Bank
Salina, UT FDIC 22514 $100M-$500M
Quarter Ended
Q1'26
Data as of March 31, 2026
Quarterly Snapshot
Metric Q1'26 YoY Δ Q1'25
Profitability
Return on Assets (%) 3.41% +0.02 3.39%
Return on Equity (%) 23.08% -1.79 24.87%
Net Interest Margin (%) 7.10% +0.82 6.29%
Efficiency Ratio (%) 44.57% +3.00 41.57%
Pre-Provision Profit ($M) $2 +0.09 $1
Cost of Funds (%) 1.12% -0.14 1.26%
Balance Sheet
Total Assets ($M) $163 +3.37 $160
Gross Loans ($M) $110 +9.53 $100
Loan Growth YoY (%) 79.40% +6.68 72.72%
Total Deposits ($M) $137 +0.62 $136
Shareholders Equity ($M) $25 +2.68 $22
Tang. Book Value ($M) $25 +2.68 $22
Loan / Deposit Ratio (%) 79.40% +6.68 72.72%
Credit Quality
NPA / Total Assets (%) 0.53% -1.61 2.13%
Allowance / Loans (%) 1.16% -0.15% 1.31%
Net Charge-Off Ratio (%) 0.78% -2.62 3.40%
Capital
Tier 1 Capital Ratio (%) 0.00% 0.00 0.00%
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
Metric Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26
▂▃▃▁▂▃▄█ Net Interest Margin (%) 6.47% 6.49% 6.55% 6.29% 6.43% 6.50% 6.65% 7.10%
██▅▇▁▂▁█ Return on Assets (%) 3.53% 3.42% 3.08% 3.39% 2.48% 2.66% 2.58% 3.41%
▂▂█▁▃▅█▃ Efficiency Ratio (%) 43.4% 43.1% 49.3% 41.6% 44.0% 46.3% 50.3% 44.6%
███▅▆▁▃▁ Cost of Funds (%) 1.37% 1.37% 1.37% 1.26% 1.30% 1.14% 1.18% 1.12%
▅▅▆▆█▁▁▁ NPA / Assets (%) 1.92% 1.76% 2.20% 2.13% 2.89% 0.45% 0.35% 0.53%
▆▆█▇█▁▁▁ Net Charge-Off Ratio (%) 2.95% 2.78% 3.49% 3.40% 3.84% 0.68% 0.50% 0.78%
▁▄▁▄▅▇▆█ Tang. Book Value ($M) $20 $22 $21 $22 $23 $24 $23 $25
▁▁▁▄▅▆██ Gross Loans ($M) $94 $95 $96 $100 $102 $105 $110 $110
▁▃▅█▇▇██ Total Deposits ($M) $122 $127 $130 $136 $134 $134 $135 $137
Portfolio Composition — Q1'26
Loan Mix%
Real Estate76%
C&I / Commercial15%
Agricultural5%
Consumer4%
Deposit Mix%
Nonint.-Bearing Demand37%
Interest-Bearing (core)56%
Brokered / Other8%
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