State Bank of Southern Utah Complete Guide and Profile

State Bank of Southern Utah is a community bank that has been serving the region since 1955. It was founded by a group of local farmers and businessmen who wanted to create a bank that would cater to the needs of the local community.

The bank is headquartered in Cedar City, Utah, and has several branches throughout the region. State Bank of Southern Utah is known for its personalized service and commitment to community development.

State Bank of Southern Utah offers a range of financial products and services, including personal and business banking, loans, and investments.

State Bank of Southern Utah was founded on November 25, 1957, providing a rich history in the financial landscape.

The bank is a Commercial bank, state charter, Fed non-member, and is supervised by the Federal Deposit Insurance Corporation (FDIC), ensuring compliance and regulatory adherence.

State Bank of Southern Utah operates 17 domestic offices, reflecting its physical footprint in various locations.

The bank's ownership type and trust powers contribute to understanding its operational structure.

State Bank of Southern Utah's geographic context includes Cedar City, UT, and the zip code 84721.

Its regulatory affiliations provide valuable insights into the bank's compliance and regulatory adherence.

The bank's substantial scale is evident in its total assets of $2,509,909k.

State Bank of Southern Utah is a local bank with a relatively small workforce. 115 people are employed at State Bank of Southern Utah.

Employment numbers can give us a sense of the scale of a business. 115 people are employed at State Bank of Southern Utah.

If you're considering a job at State Bank of Southern Utah, you'll want to know that it's based in Cedar City, Utah.

Some banks have multiple locations, but State Bank of Southern Utah is based in one specific city.

State Bank of Southern Utah is based in Cedar City, Utah.

State Bank of Southern Utah has a total asset size of approximately $2,509,909k, reflecting the bank's substantial scale and influential market presence.

The bank boasts a strong financial structure and stability, with total liabilities standing at $2,269,263k and total equity capital at $240,646k.

State Bank of Southern Utah's loan-to-deposit ratio is 80.30%, which is within the typical range of 80% to 90% for the industry.

The percentage of non-performing loans is an important metric indicating asset quality, and for State Bank of Southern Utah, this stands at 0.4928.

The bank has a network of 17 domestic offices and serves local communities effectively while benefiting from larger-scale operations.

Here is a summary of State Bank of Southern Utah's financial metrics:

State Bank of Southern Utah has been serving the community since 11/25/1957, continuously adapting to the changing financial landscape.

State Bank of Southern Utah has a substantial scale and influential market presence, with total assets of $2,509,909k.

The bank's financial structure and stability can be seen in its total liabilities of $2,269,263k and total equity capital of $240,646k. These numbers provide valuable insights into the bank's risk management strategies and overall profitability.

Key operational metrics include total deposits of $2,111,520k, net loans and leases at $1,696k, and a meticulous analysis of income and expense components. These metrics give a comprehensive picture of the bank's performance and competitive positioning within the financial industry.

The Tier 1 Risk-Based Capital Ratio is 0, indicating that the bank has sufficient capital to absorb potential losses. The Return on Assets is 1.37, showing that the bank is generating a significant amount of income from its assets.

Here are some additional financial metrics for State Bank of Southern Utah:

These metrics provide a nuanced understanding of the bank's financial standing and performance. The loan-to-deposit ratio is 80.30%, which is within the industry average range. However, the percentage of non-performing loans is 0.4928, which may indicate some risk in the bank's asset quality.

To find your State Bank of Southern Utah routing number, you can check the bank's website, which lists routing numbers for major US banks. You can also log into online banking to obtain your routing number.

If you don't have access to online banking, you can find your routing number on a bank-issued check or bank statement. This is a convenient option if you need the number quickly.

To verify your routing number, you can also look it up on the official website of the Federal Reserve, also known as Fedwire.

State Bank of Southern Utah's loan portfolio is diverse, but they have a specialty in certain lending areas. Their top three loan types are Commercial Real Estate, Construction and Development Loans, and 1-4 Family Residential Loans.

The bank has a significantly higher percentage of Construction and Development Loans, Commercial Real Estate, and Farm Loans compared to other banks in Utah. This suggests they have expertise in these areas.

Commercial Real Estate loans make up 30.60% of their loan portfolio, which is a significant portion. In contrast, 1-4 Family Residential Loans account for only 8.82% of their loans.

Here's a breakdown of the top loan types at State Bank of Southern Utah:

Finding your routing number online is easier than you think. You can start by checking our website, where we've listed routing numbers for some of the biggest banks in the US.

If you're a customer of State Bank of Southern Utah, you can also find your routing number by logging into online banking. This is a convenient option that saves you time and effort.

Another way to get your routing number is by looking at your bank-issued check or bank statement. This is a simple and straightforward method that works for most people.

If you're looking for a more official source, you can check the Federal Reserve's website.