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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 $3 billion in assets. Customers can open an account at one of its 14 branches.

Deposit Rates - July 15, 2025

SAVINGS RATES APY MIN
Savings
0.25% $2,500 Compare
CD RATES APY MIN
6 Mo CD
0.50% $10,000 Compare
6 Mo CD
0.50% $100,000 Compare
12 Mo CD
0.60% $10,000 Compare
12 Mo CD
0.60% $100,000 Compare
18 Mo CD
0.75% $10,000 Compare
18 Mo CD
0.75% $100,000 Compare
24 Mo CD
0.90% $10,000 Compare
24 Mo CD
0.90% $100,000 Compare
36 Mo CD
1.10% $10,000 Compare
36 Mo CD
1.10% $100,000 Compare
48 Mo CD
1.26% $10,000 Compare
48 Mo CD
1.26% $100,000 Compare
60 Mo CD
1.36% $10,000 Compare
60 Mo CD
1.36% $100,000 Compare
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 2025

General Bank Information

FDIC Insured Yes
FDIC Certificate # 17964
Date Established 1957
Assets $ 2.56 billion
Loans $ 1,761.01 million
Deposits $ 2.15 billion
Capital $ 252.14 million

Summary Balance Sheet as of December 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 56.98 million
Interest-bearing balances $ 31.54 million
Total securities $ 601.03 million
Federal funds sold and reverse repurchase $ 1.54 million
Net loans and leases $ 1,761.01 million
Loan loss allowance $ 21.21 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 6.73 million
All other assets $ 73.86 million
     Total Assets $ 2.31 billion

LIABILITIES
Total deposits $ 2.15 billion
      Interest-bearing deposits $ 1,622.57 million
      Deposits held in domestic offices $ 2.15 billion
      % insured (estimated)" 74.44%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 30.00 million
Subordinated debt N.A.
All other liabilities $ 15.31 millionn
      Total Liabilities $ 2.31 billion
      Shareholders’ Equity $ 252.14 million

Summary Income Statement as of December 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 33.85 million
Total Interest Expense $ 13.10 million
Net interest income $ 20.74 million
Provision for loan and lease losses $ 0.99 million
Total non interest income $ 3.37 million
Total non interest expense $ 12.92 million
Pre-tax Net Operating Income $ 17.95 million

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