First Electronic Bank
Salt Lake City, UT·RSSD 2947556·FDIC 35533·bank:2947556·Risk-based ratios where reported
- #36 of 45Total assets in Utah
- 1offices
- 129employees
- Top 1%Net interest margin vs. peers
- Top 1%Return on assets vs. peers
- Top 1%Cost of deposits vs. peers
Performance over time
23 available quarters · Gaps indicate missing data · Reported period-end total assets; consolidated for FFIEC 031.
Inside the balance sheet
FDIC reported categories · Shares of reported gross loans. Missing components are not treated as zero.
What stands out at First Electronic Bank
10 of 23 FORFI signals stand out against 1437 similar banks, based on FDIC data for the quarter.
Lending outpacing deposit growthWorth a look: Liquidity FORFI signal+26.5%peers +5.5%+21.0 pp
First Electronic Bank's loans grew faster than at similar banks while its deposits grew more slowly, so each new loan leans harder on other funding.
| This institution | Peer median | Difference |
|---|---|---|
| Loans, 12-month growth | ||
| +26.5% | +5.5% | +21.0 pp |
| Deposits, 12-month growth | ||
| -14.4% | +4.3% | -18.6 pp |
With internal data, FORFI would look at: Which borrowers keep their deposits elsewhere, and how much funding existing relationships could bring.
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 1437 banks with $300 million to $1 billion in assets that filed FDIC data for the same quarter. First Electronic Bank itself is left out of every peer median and percentile. How signals work
Net interest margin narrowing while the peer median widensWorth a look: Earnings 2nd quarter20.26%peers 3.99%+1627 bps
First Electronic Bank's net interest margin fell 305 bps over the past year to 20.26%. Among 1433 similar banks, the median rose 23 bps.
| This institution | Peer median | Difference |
|---|---|---|
| Net interest margin | ||
| 20.26% | 3.99% | +1627 bps |
| 12-month change | ||
| -305 bps | +23 bps | -328 bps |
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 1437 banks with $300 million to $1 billion in assets that filed FDIC data for the same quarter. First Electronic Bank itself is left out of every peer median and percentile. How signals work
Leverage capital ratio rising faster than peersStrength: Capital 2nd quarter46.82%peers 10.81%+36.0 pp
First Electronic Bank's leverage ratio rose 16.4 percentage points over the past year to 46.82%. Among 1437 similar banks, the median rose 0.2 percentage points.
| This institution | Peer median | Difference |
|---|---|---|
| Leverage ratio | ||
| 46.82% | 10.81% | +36.0 pp |
| 12-month change | ||
| +16.4 pp | +0.2 pp | +16.1 pp |
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 1437 banks with $300 million to $1 billion in assets that filed FDIC data for the same quarter. First Electronic Bank itself is left out of every peer median and percentile. How signals work
Deposit costs among the lowest of similar banksStrength: Funding 2nd quarter0.30%peers 1.80%-150 bps
First Electronic Bank's cost of all deposits was 0.30%, compared with a median of 1.80% among 1432 similar banks: lower than 99% of them.
| This institution | Peer median | Difference |
|---|---|---|
| Cost of all deposits | ||
| 0.30% | 1.80% | -150 bps |
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 1437 banks with $300 million to $1 billion in assets that filed FDIC data for the same quarter. First Electronic Bank itself is left out of every peer median and percentile. How signals work
Efficiency ratio rising while the peer median fallsWorth a look: Efficiency 2nd quarter43.6%peers 60.8%-17.3 pp
First Electronic Bank's efficiency ratio rose 17.5 percentage points over the past year to 43.6%. Among 1432 similar banks, the median fell 2.1 percentage points.
| This institution | Peer median | Difference |
|---|---|---|
| Efficiency ratio | ||
| 43.6% | 60.8% | -17.3 pp |
| 12-month change | ||
| +17.5 pp | -2.1 pp | +19.6 pp |
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 1437 banks with $300 million to $1 billion in assets that filed FDIC data for the same quarter. First Electronic Bank itself is left out of every peer median and percentile. How signals work
5 more observations
- Lending absorbing more of the deposit base as cash fallsLiquidity
- Return on assets falling while the peer median risesEarnings
- Deposits shrinking while the peer median growsFunding
- Fee and other noninterest income among the highest of similar banksEarnings
- Loans growing faster than peersLending
Key facts
- First Electronic Bank is a bank headquartered in Salt Lake City, Utah. It reported $503 million in total assets for the quarter ended June 30, 2026.
- Deposits totaled $286 million, down 14.4% from a year earlier, and loans totaled $204 million, up 26.5%.
- Its net interest margin was 20.26% and its annualized return on assets was 9.56% for the quarter.
- Its cost of all deposits was 0.30%, compared with a median of 1.80% among 1432 similar banks with $300 million to $1 billion in assets.
Scorecard against peers
Capitalization
Liquidity & funding
Margin & yield
Income & expense
Asset quality
Charge-offs & allowance
Arrows show whether the value sits above or below the peer median. Colour shows whether that side is favourable for the measure: green favourable, red unfavourable, grey where neither side is (for example, a lower loan-to-core-deposit ratio is favourable, so a negative gap is green). Peer medians cover the same source, form, period, institution type and asset band, and count this institution in its own cohort. The peer line on every chart reads the same cohort. Regulatory definitions differ from FORFI quarterly estimates.
Watch items
Screening prompts computed from this filing only. Thresholds follow common review conventions and interagency concentration references; they are not supervisory ratings or predictions.
Public filings show what changed. Internal data shows why.
With First Electronic Bank's own data, FORFI would look at: Which borrowers keep their deposits elsewhere, and how much funding existing relationships could bring.
Analysis workspaces
Sources and identifiers
- Institution
- First Electronic Bank · Bank
- Federal Reserve RSSD
- 2947556
- FDIC certificate
- 35533
- Reporting period
- Peer group
- 1437 banks with $300 million to $1 billion in assets that filed FDIC data for the same quarter. First Electronic Bank itself is left out of every peer median and percentile.
Figures are FORFI calculations from public regulatory filings, shown as reported. Signals are descriptive screening rules, not supervisory ratings, credit opinions or forecasts. Methodology
Income & calculation basis
FDIC · 2026-04-01 through 2026-06-30 · Annualization factor 4.010989 applies to ROA and margin only.
| Measure | FORFI calculation | FDIC published reference |
|---|---|---|
| $11.11M | — | |
| $23.04M | — | |
| $183K | — | |
| $22.86M | — | |
| $4.63M | — | |
| $11.97M | — | |
| $813K | — | |
| $813K | — | |
| 9.56% | 9.53%ROAQ · Quarter | |
| 20.26% | 20.20%NIMYQ · Quarter | |
| 43.56% | 43.56%EEFFQR · adjusted · Quarter |
Credit-quality reconciliation · Source components agree. NALNLS (nonaccrual) + P9LNLS (90+ days accruing) = NCLNLS (noncurrent).
How to interpret differences
Flows cover the selected income window. Balance-sheet amounts, members and staffing are as of the filing date.
Published FDIC references use the regulator's own averaging, annualization and adjustments; the convention selector changes FORFI calculations only. Source-provided averages are used when available; endpoint fallbacks are labeled estimates.
Missing inputs remain unavailable. Credit-union margins use average assets and are not comparable with bank margins over earning assets.
AFS + HTM securities exclude deposits at other institutions. Broader investment totals may overlap cash; do not add them to cash without reconciling components.
Regulatory source definitionsFiling imported 2026-09-25T00:32:31.073937+00:00. Separate reference provenance is included in the export.