State Bank of Southern Utah


State Bank of Southern Utah is an FDIC insured institution headquartered at 377 N Main St, Cedar City, UT 84721.
It was founded in 1957 and has approximately $2 billion in assets. Customers can open an account at one of its 14 branches.

Deposit Rates - March 19, 2024

SAVINGS RATES APY MIN
CD RATES APY MIN
MM RATES APY MIN
Money Market
0.20% $2,500 Compare
Money Market
0.20% $10,000 Compare
Money Market
0.25% $25,000 Compare
VARIABLE IRA RATES APY MIN
Var IRA
1.26% $1
INT CHECKING RATES APY MIN
Int Ckg
0.20% $1
Int Ckg
0.20% $2,500

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 17964
Date Established 1957
Assets $ 2.33 billion
Loans $ 1,356.64 million
Deposits $ 1,925.70 million
Capital $ 185.61 million

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 62.93 million
Interest-bearing balances $ 43.07 million
Total securities $ 778.15 million
Federal funds sold and reverse repurchase $ 2.06 million
Net loans and leases $ 1,356.64 million
Loan loss allowance $ 19.35 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 2.50 million
Goodwill and other intangibles $ 7.21 million
All other assets $ 73.86 million
     Total Assets $ 2.15 billion

LIABILITIES
Total deposits $ 1,925.70 million
      Interest-bearing deposits $ 1,374.64 million
      Deposits held in domestic offices $ 1,925.70 million
      % insured (estimated) 76.40%
Federal funds purchased and repurchase agreements $ 3.74 million
Trading liabilities N.A.
Other borrowed funds $ 30.00 million
Subordinated debt N.A.
All other liabilities $ 15.31 millionn
      Total Liabilities $ 2.15 billion
      Shareholders’ Equity $ 185.61 million

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 70.44 million
Total Interest Expense $ 24.49 million
Net interest income $ 45.94 million
Provision for loan and lease losses $ 1.27 million
Total non interest income $ 8.98 million
Total non interest expense $ 32.64 million
Pre-tax Net Operating Income $ 17.95 million

Customer Reviews for State Bank of Southern Utah

There are currently no comments for State Bank of Southern Utah. Be the first to share your experience. Please provide comments that will help others.


Add Your Review


Rate it here →



Branches

Click on location and enter new zip number to change.
Your current location is: Ashburn, VA
View Branches Statewide →

View Branches Nationwide →

State Bank of Southern Utah Locations

Savings Comparison

This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.

PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES

Tax Rate: 30%

All calculations are for demonstration purposes only.

  • 1
    LOCAL CD
    Bank
    UTAH
    $50,000
    6 Month
    0.50%
    1.26x (National Avg. - 0.40%)
    $10,000
    -
    SCENARIO
    Year Rate
    0.50%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 250 175
    2 50,250 251 176
    3 50,501 253 177
    4 50,754 254 178
    5 51,008 255 179
    6 51,263 256 179
    7 51,519 258 180
    8 51,776 259 181
    9 52,035 260 182
    10 52,296 261 183
    11 52,557 263 184
    12 52,820 264 185
    13 53,084 265 186
    14 53,349 267 187
    15 53,616 268 188
    16 53,884 269 189
    17 54,154 271 190
    18 54,424 272 190
    19 54,696 273 191
    20 54,970 275 192
    TOTAL $5,245 $3,671
  • 2
    LOCAL CD
    Online Bank
    -
    $50,000
    6 Month
    5.15%
    13.01x (National Avg. - 0.40%)
    $1,000
    -
    SCENARIO
    Year Rate
    5.15%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,575 1,803
    2 52,575 2,708 1,895
    3 55,283 2,847 1,993
    4 58,130 2,994 2,096
    5 61,123 3,148 2,203
    6 64,271 3,310 2,317
    7 67,581 3,480 2,436
    8 71,062 3,660 2,562
    9 74,721 3,848 2,694
    10 78,569 4,046 2,832
    11 82,616 4,255 2,978
    12 86,870 4,474 3,132
    13 91,344 4,704 3,293
    14 96,049 4,946 3,463
    15 100,995 5,201 3,641
    16 106,196 5,469 3,828
    17 111,665 5,751 4,026
    18 117,416 6,047 4,233
    19 123,463 6,358 4,451
    20 129,821 6,686 4,680
    TOTAL $86,507 $60,555
  • 3
    LOCAL CD
    Online Bank
    -
    $50,000
    12 Month
    5.20%
    9.42x (National Avg. - 0.55%)
    $1,000
    -
    SCENARIO
    Year Rate
    5.20%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,600 1,820
    2 52,600 2,735 1,915
    3 55,335 2,877 2,014
    4 58,213 3,027 2,119
    5 61,240 3,184 2,229
    6 64,424 3,350 2,345
    7 67,774 3,524 2,467
    8 71,298 3,708 2,595
    9 75,006 3,900 2,730
    10 78,906 4,103 2,872
    11 83,009 4,316 3,022
    12 87,326 4,541 3,179
    13 91,867 4,777 3,344
    14 96,644 5,025 3,518
    15 101,669 5,287 3,701
    16 106,956 5,562 3,893
    17 112,518 5,851 4,096
    18 118,369 6,155 4,309
    19 124,524 6,475 4,533
    20 130,999 6,812 4,768
    TOTAL $87,811 $61,468