State Bank Of Southern Utah
FDIC #17964
📍 Cedar City, Utah
State Bank Of Southern Utah is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in 11/25/1957. With assets of $2.33 Billion, it operates 17 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: December 1, 2024
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
December 1, 2024
Satisfactory
September 1, 2021
Outstanding
August 1, 2019
Satisfactory
💰 Financial Strength
Total Assets$2.33 Billion
Total Deposits$1.93 Billion
Equity Capital$185.61 Million
Net Income$15.92 Million
📈 Performance
ROA0.92%
ROE11.51%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established11/25/1957
FDIC Cert17964
Holding CoSouthern Utah Bcorp
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday8:30 AM - 6:00 PM
Tuesday8:30 AM - 6:00 PM
Wednesday8:30 AM - 6:00 PM
Thursday8:30 AM - 6:00 PM
Friday8:30 AM - 6:00 PM
Saturday9:00 AM - 1:00 PM
SundayClosed
📜 Institutional History
2019
Merger / Acquisition
Acquired: Gunnison Valley Bank
2015
Relocation
Moved HQ to: 377 North Main, Cedar City, UT 84721.
2000
Relocation
Moved HQ to: 377 North Main, Cedar City, UT 84720.
1975
Name Change
Name became: Changed Institution Name To State Bank Of Southern Utah.
1975
Relocation
Moved HQ to: 26 North Main Street, Cedar City, UT 84720.