Applications / Mortgage Analytics / Lenders / Utah / Bank of Utah
Ogden, UT · State non-member bank · FDIC · $3.6 billion assets · 734 loans in 2025
Bank of Utah's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
734
loans originated, 2025
945
applications, 2025
9
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Bank of Utah stands apart from similar lenders by its FHA (insured by the Federal Housing Administration) lending, 15.5% of its loans, and its originations fell 2% to 734 in 2025 while similar lenders grew 9%.
FHA loans were 15.5% of its originations, up from 8.9% five years before, against 0.0% at similar lenders (state non-member banks making between half and twice as many loans). VA loans (guaranteed by the Department of Veterans Affairs) were 2.9%, against 0.2%. Purchases were 65.7% of its loans.
Its typical loan was $315,000, against $195,000 at similar lenders, and jumbo loans (larger than the conforming limit) rose to 6.2% from 2.2% the year before, against 2.0%. Its typical rate, 6.38%, was lower than about four in five peers (6.75%), and its denial rate on first-lien home-purchase applications, 1.6%, was among the lowest tenth, against 5.4%.
It ranked 7 of 176 lenders in Logan, where its share fell 1.4 points to 4.6%, and 18 of 308 in Ogden, at 1.2%. Its own slight fall in originations while the whole market grew 10% could account for part of this, and some lending may have moved toward Provo-Orem-Lehi, where its share rose 0.2 points to 0.4%.
LMI (low- and moderate-income) areas took 10.2% of its loans, against 15.5% at similar lenders. Its larger loans and the make-up of its Utah markets are possible reasons. Originations were 1,777 in 2020.
Questions the data can answer next
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Bank of Utah took 945 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 65.7% · Refinance 16.2% · Other 9.8% · Home improvement 8.3%
Conventional 80.9% · FHA 15.5% · VA 2.9% · USDA (RHS or FSA) 0.7% · of 734 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Utah | 696 | 94.8% |
| Idaho | 22 | 3.0% |
| Nevada | 6 | 0.8% |
| California | 3 | 0.4% |
| Colorado | 2 | 0.3% |
| South Dakota | 2 | 0.3% |
| Oklahoma | 1 | 0.1% |
| Texas | 1 | 0.1% |
| Wyoming | 1 | 0.1% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Ogden | 181 |
| Logan | 151 |
| Salt Lake City-Murray | 76 |
| Provo-Orem-Lehi | 53 |
| St. George | 48 |
| Las Vegas-Henderson-North Las Vegas | 5 |
| Denver-Aurora-Centennial | 2 |
| Pocatello | 2 |
| Sioux Falls | 2 |
| Bakersfield-Delano | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300NNL9H573MWO110 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 933975 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 2933975 | 1990–2017 |
Established 5 February 1952. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Bank of Utah's data.
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