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Data through Q3 2026 · 4,200 institutions
Regulatory profile
Salt Lake City, UT · FDIC certificate #21448
REDEMPTION BANK is an FDIC-insured institution based in Salt Lake City, UT (FDIC certificate #21448). In its Q3 2026 Call Report it reported total assets of $95M, total deposits of $80M and net loans of $70M. Its primary federal regulator is FDIC.
Plain-language readout
REDEMPTION BANK has 3 quarters of reported history on file, from Q1 2026 to Q3 2026.
Total assets peaked at $95M in Q3 2026 and were lowest at $72M in Q1 2026.
Total deposits were highest at $80M in Q3 2026 and lowest at $57M in Q1 2026.
Over the whole period total assets rose 32.1%.
| Quarter | Assets | Deposits | Net loans | ROA | ROE | NIM |
|---|---|---|---|---|---|---|
| Q3 2026 | $95M | $80M | $70M | -0.06% | -0.32% | 5.58% |
| Q2 2026 | $78M | $63M | $58M | -0.28% | -1.46% | 5.64% |
| Q1 2026 | $72M | $57M | $52M | -1.22% | -6.26% | 5.05% |
History
| Line | Q2 2026 | Q1 2026 | Change | Change, percent |
|---|---|---|---|---|
| Assets | ||||
| Cash and balances due from depository institutions | $13.8M | $14.3M | -$505K | -3.5% |
| Federal funds sold | $40K | $40K | $0K | 0.0% |
| Securities purchased under agreements to resell | $0K | $0K | $0K | n/a |
| Securities (available for sale at fair value plus held to maturity net of allowance) | $3.0M | $3.0M | -$8K | -0.3% |
| Equity securities with readily determinable fair values, not held for trading | $0K | $0K | $0K | n/a |
| Loans and leases held for sale | $0K | $0K | $0K | n/a |
| Net loans and leases (after allowance) | $58.5M | $51.8M | +$6.7M | +12.9% |
| Trading assets | $0K | $0K | $0K | n/a |
| Premises and fixed assets | $94K | $103K | -$9K | -8.7% |
| Other real estate owned | $0K | $0K | $0K | n/a |
| Investments in unconsolidated subsidiaries and associated companies | $0K | $0K | $0K | n/a |
| Direct and indirect investments in real estate ventures | $0K | $0K | $0K | n/a |
| Intangible assets (goodwill, servicing, other) | $0K | $0K | $0K | n/a |
| All other assets | $2.1M | $2.4M | -$323K | -13.2% |
| Total assets | $77.5M | $71.6M | +$5.9M | +8.2% |
| Liabilities | ||||
| Total deposits | $62.9M | $57.2M | +$5.7M | +10.0% |
| Federal funds purchased | $0K | $0K | $0K | n/a |
| Securities sold under agreements to repurchase | $0K | $0K | $0K | n/a |
| Trading liabilities | $0K | $0K | $0K | n/a |
| Other borrowed money | $0K | $0K | $0K | n/a |
| Subordinated notes and debentures | $0K | $0K | $0K | n/a |
| All other liabilities | $631K | $605K | +$26K | +4.3% |
| Total liabilities | $63.5M | $57.8M | +$5.8M | +10.0% |
| Equity | ||||
| Perpetual preferred stock | $0K | $0K | $0K | n/a |
| Common stock | $1.1M | $1.1M | $0K | 0.0% |
| Surplus | $4.4M | $4.4M | $0K | 0.0% |
| Retained earnings | $8.8M | $8.7M | +$104K | +1.2% |
| Accumulated other comprehensive income | -$7K | -$9K | +$2K | +22.2% |
| Other equity components | -$236K | -$236K | $0K | 0.0% |
| Total equity capital | $14.0M | $13.9M | +$106K | +0.8% |
| Credit and capital | ||||
| Gross nonperforming assets | $226K | $631K | -$405K | -64.2% |
| Adjusted nonperforming assets | $226K | $631K | -$405K | -64.2% |
| Tangible equity plus allowance | $14.8M | $14.6M | +$191K | +1.3% |
| Texas ratio (gross) | 1.52% | 4.31% | -2.79 pts | See points |
| Texas ratio (adjusted) | 1.52% | 4.31% | -2.79 pts | See points |
| Texas ratio (adjusted, with performing restructured) | 5.68% | 8.62% | -2.94 pts | See points |
| Tier 1 capital to risk-weighted assets | Not reported | Not reported | Not reported | See points |
| Common equity Tier 1 to risk-weighted assets | Not reported | Not reported | Not reported | See points |
| Tier 2 capital to risk-weighted assets | Not reported | Not reported | Not reported | See points |
| Total risk-based capital to risk-weighted assets | Not reported | Not reported | Not reported | See points |
| Tier 1 leverage (approximate) | 18.53% | 19.00% | -0.47 pts | See points |
| Construction and land loans to total capital | 57.60% | 63.17% | -5.58 pts | See points |
| Commercial real estate to total capital | 152.56% | 155.05% | -2.49 pts | See points |
| Dividend payout, year to date | Not reported | Not reported | Not reported | See points |
| Securities unrealized gain (loss) to Tier 1 capital | -0.07% | -0.08% | +0.01 pts | See points |
| Liquidity | ||||
| Core deposits | $50.2M | $54.0M | -$3.8M | -7.0% |
| Non-core funding | $12.7M | $3.1M | +$9.5M | +302.4% |
| Loans to core deposits | 118.16% | 97.28% | +20.88 pts | See points |
| Loans to deposits | 94.34% | 91.92% | +2.43 pts | See points |
| Brokered deposits share of deposits | 14.26% | 0.00% | +14.26 pts | See points |
| Pledged securities share of securities | 0.00% | 0.00% | 0.00 pts | See points |
| Loans pledged, share of loans | 15.61% | 12.75% | +2.86 pts | See points |
| Volatile liabilities | $12.7M | $3.1M | +$9.5M | +302.4% |
| Earnings | ||||
| Earnings before provision, year to date | -$10K | -$200K | +$190K | +95.0% |
| Earnings before provision, single quarter | $190K | -$200K | +$390K | +195.0% |
| Provision for credit losses, year to date | $103K | $19K | +$84K | +442.1% |
| Yield and cost | ||||
| Yield on loans and leases | 7.83% | 7.21% | +0.62 pts | See points |
| Yield on interest-bearing balances due from banks | 4.91% | 2.07% | +2.84 pts | See points |
| Total interest income to average assets | 7.65% | 6.16% | +1.48 pts | See points |
| Cost of interest-bearing transaction accounts | 0.46% | 0.51% | -0.06 pts | See points |
| Cost of savings and money market deposits | 2.52% | 2.31% | +0.22 pts | See points |
| Cost of time deposits | 3.85% | 3.68% | +0.17 pts | See points |
| Total interest expense to average assets | 1.66% | 1.41% | +0.26 pts | See points |
Dollar lines show the change in dollars and percent. Ratio lines show the change in percentage points. Earnings lines marked year to date restart each January; the single-quarter line removes that restart.
Recent activity
No reviewed changes are available for this institution in the tracked window. This does not establish that no event occurred.
Ten-year database
| Quarter | Assets | Deposits | Net loans | ROA | ROE | NIM |
|---|---|---|---|---|---|---|
| 2026-09-30 | $95M | $80M | $70M | -0.06% | -0.32% | 5.58% |
| 2026-06-30 | $78M | $63M | $58M | -0.28% | -1.46% | 5.64% |
| 2026-03-31 | $72M | $57M | $52M | -1.22% | -6.26% | 5.05% |
Branch detail unavailable. Locations are not inferred from headquarters.
Annual FDIC Summary of Deposits, by state, as of the 2025 snapshot effective 2025-06-30. Deposits and share are as of that retained annual snapshot, not a quarterly balance — do not compare directly to Call Report deposit figures reported elsewhere on this profile.
| State | Deposits | Market share | Rank | Year over year |
|---|---|---|---|---|
| UT | $66.3M | 0.01% | 53 | Continuing · +0.00 pp |
Source: FDIC Summary of Deposits, annual release. Market share divides this institution's reported branch deposits by all retained deposits in the same state for the same year — not a quarterly balance, current rate, or organic-growth attribution. Inspect year-over-year market change →
Workforce history unavailable: no compatible reported FTE or office observation. Missing values are not zero.
No matched ownership, transformations, or reviewed revisions are available. Absence of a match is not proof that no change occurred.