Total Assets
$72M
Total balance-sheet footings
FDIC Cert #21448 · Salt Lake City, Utah · Est. 1974
Redemption Bank - FDIC Bank Health Profile
A community-scale look at Redemption Bank's own numbers, pulled straight from its quarterly FDIC Call Report.
- $72M
- Total assets
- B
- Health grade · Good
- 0.03%
- Return on assets
- 19.3%
- Tier 1 capital
Data updated July 2026
The verdict
Redemption Bank earns a PlainBankData health grade of B (67/100), with well-capitalized at 19.29% Tier 1, 0.03% ROA, 97% efficiency ratio.
- #3,965
- largest of 4,313 FDIC banks by assets
- 8th
- percentile by asset size, nationally
- 19.29%
- Tier 1 ratio - above the 10% well-capitalized line
- 6th
- percentile for profitability (ROA), nationally
The grade above reflects PlainBankData's own read of the bank's regulatory filings, not an FDIC judgment, deposit coverage stays at $250,000 per depositor, per category, unaffected by it.
How Redemption Bank's 67/100 score adds up
Each factor is scored from this bank's own FDIC Call Report figures, then summed to the composite health score.
Redemption Bank's composite health score
Tier 1 Capital Ratio (19.29%) 40/40
Return on Assets (ROA) (0.03%) 7/25
Texas Ratio (4.37%) 20/20
Efficiency Ratio (96.79%) 0/15
67 of 100 points earned across four weighted factors. See our methodology for the full scoring formula.
Balance sheet at a glance
Total Deposits
$58M
Customer-funded liabilities
Net Loans
$52M
Outstanding loan book
Net Income
$21K
Bottom-line earnings
Capital adequacy vs federal thresholds
Where Redemption Bank ranks
Every one of the 4,307 FDIC-insured banks with a computed health score, bucketed by score. Redemption Bank's score of 67/100 falls in the highlighted band.
Redemption Bank's size among FDIC-insured banks
Every one of the 4,307 FDIC-insured banks with reported assets, bucketed by total-asset scale (note the buckets are powers of 10, most banks cluster in the $100M-$1B range). Redemption Bank's $72M falls in the highlighted band.
Safety metrics
Tier 1 capital ratio
Well-capitalized 10%
19.29% of risk-weighted assets - above the federal "well-capitalized" threshold of 10%.
Tier 1 Capital Ratio
19.29%
Texas Ratio
4.37%
Equity Capital
$14M
Profitability metrics
Return on Assets (ROA)
6th percentile nationally
0.03%
Return on Equity (ROE)
0.16%
Efficiency Ratio
96.79%
What the numbers say about Redemption Bank
Redemption Bank is an FDIC-insured institution (Certificate #21448) headquartered in Salt Lake City, Utah, established in 1974. It holds $72M in total assets - 3,965th of 4,313 FDIC-insured banks, $58M in customer deposits, and $52M in net loans. Looking at capital strength, Tier 1 stands at 19.29%, over the 10% well-capitalized line regulators set, while the Texas Ratio comes in at 4.37%, comfortably below the 50% caution mark. It earns a PlainBankData health grade of B (67/100), a composite of Tier 1 capital, ROA, the Texas Ratio, and efficiency. All of it traces back to the bank's own quarterly FDIC Call Report filing.
By assets, Redemption Bank ranks 41st of 42 banks based in Utah -- squarely in the community-bank tier. Size alone doesn't determine a bank's local importance; a bank this size often has deeper, longer-standing relationships with the specific businesses and depositors it serves than a much larger institution would.
Income & expense breakdown
$5M
Interest Income
$713K
Non-Interest Income
$4M
Non-Interest Expense
Asset quality, Texas Ratio detail
The Texas Ratio compares troubled assets to the capital available to absorb losses. Redemption Bank reports a Texas Ratio of 4.37% - comfortably in the healthy band; non-performing loans are a small fraction of the bank’s loss-absorbing capital.
Texas Ratio
Caution 50%
4.37% - lower is safer; 100% is the level at which troubled assets equal loss-absorbing capital.
Top banks in Utah by total assets
Source: FDIC BankFind Suite, Call Report (FFIEC 031/041) Redemption Bank (FDIC Cert #21448) - Tier 1 capital ratio, total assets, deposits, ROA/ROE · 2025 FDIC Call Reports filed quarterly; latest publicly-available vintage shown. Health grades are PlainBankData's interpretation of regulatory filings and are not official FDIC ratings.
Other banks in Utah
All Utah banks →| Bank | Assets | Grade | ROA |
|---|---|---|---|
| Morgan Stanley Bank, National AssociationSalt Lake City | $253.3B | A | 1.86% |
| American Express National BankSandy | $211.3B | A | 3.89% |
| Ally BankSandy | $184.6B | A | 0.91% |
| UBS Bank USASalt Lake City | $119.3B | A | 1.13% |
| Synchrony BankDraper | $112.1B | A | 2.89% |
| Zions Bancorporation, N.A.Salt Lake City | $89.0B | B | 1.01% |
| SoFi Bank, National AssociationCottonwood Heights | $46.6B | A | 1.96% |
| Sallie Mae BankSalt Lake City | $29.7B | A | 2.90% |
Frequently asked questions
What is Redemption Bank's health grade?▼
Redemption Bank receives a health grade of B (67/100) based on four FDIC financial metrics: Tier 1 Capital Ratio (40%), Return on Assets (25%), Texas Ratio (20%), and Efficiency Ratio (15%). This bank shows good financial health with solid capital levels above regulatory minimums.
How large is Redemption Bank?▼
Redemption Bank holds $72M in total assets and $58M in deposits, ranking 3,965th of 4,313 FDIC-insured banks by asset size. It is headquartered in Salt Lake City, Utah.
Is my money safe at Redemption Bank?▼
Yes, deposits at Redemption Bank (Certificate #21448) are FDIC-insured up to $250,000 per depositor, per ownership category, regardless of health grade.
What is Redemption Bank's Tier 1 Capital Ratio?▼
Redemption Bank has a Tier 1 Capital Ratio of 19.29%. This exceeds the 10% threshold for "well-capitalized" status under federal banking regulations.
What is the Texas Ratio for Redemption Bank?▼
Redemption Bank has a Texas Ratio of 4.37%. A ratio below 50% is generally considered healthy. The Texas Ratio measures non-performing loans against equity and reserves, a higher ratio signals greater exposure to loan losses.
How efficient is Redemption Bank?▼
Redemption Bank has an Efficiency Ratio of 96.79%. Above 60% means a larger share of revenue goes to operating costs. This metric compares non-interest expenses to total revenue.
What to do with this
How to read Redemption Bank's profile as a depositor or analyst.
- Redemption Bank's grade reflects capital, profitability, and asset quality, read the four pillars before drawing conclusions. How grades work
- Compare Redemption Bank against other Utah banks before moving funds. Utah banks
Not financial advice. Health grades are PlainBankData's interpretation of public FDIC Call Report data, not official FDIC ratings or predictions. Verify the latest figures at the FDIC BankFind Suite.
Every figure on PlainBankData is rendered directly from FDIC federal source data, no number is typed in by an editor. Informational only, not professional advice; consult a qualified professional before acting on it. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of Q4 2025.
Disclaimer: Data from the FDIC BankFind Suite. PlainBankData does not rate or rank banks as investment or safety recommendations. Health grades are informational only, computed from public regulatory filings. Always verify current standing directly with FDIC.gov before making financial decisions.