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Happen Bank, National Association
Lehi, UT · FDIC Certificate #32551 · Chartered 08/2
Total assets
$12.48B
Total deposits
$10.85B
Total equity
$1.43B
Net loans
$6.85B
Branches (offices)
3
Net income (YTD)
$108.82M
Rank: #144 of 4,213 U.S. banks by assets · #12 of 44 in Utah. Assets changed 17.0% and deposits 17.2% over the year to June 30, 2026.
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Key ratios
| Return on assets (YTD, annualized by FDIC) | 1.82% |
| Return on equity | 15.94% |
| Net interest margin (YTD) | 6.30% |
| Equity to assets | 11.45% |
| Tier 1 leverage ratio | 10.98% |
| Uninsured deposits (share of deposits) | 12.0% |
| Noncurrent loans (share of loans) | 0.82% |
| Net charge-offs (share of loans) | 2.15% |
| Loans to deposits | 63.1% |
| Real estate loans (share of loans) | 9.4% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $646.28M | 9.4% | |
| Commercial & industrial | $164.80M | 2.4% | |
| Consumer / individual | $6.20B | 90.5% | |
| Construction & development | $64.63M | 0.9% | |
| Agricultural | $0 | 0.0% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $5.66B | $4.59B | $77.74M | $760.22M |
| Jun 2023 | $8.05B | $6.90B | $26.17M | $985.07M |
| Jun 2024 | $9.42B | $8.22B | $23.34M | $1.06B |
| Jun 2025 | $10.66B | $9.26B | $49.46M | $1.20B |
| Jun 2026 | $12.48B | $10.85B | $108.82M | $1.43B |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Utah | $10.85B | 1 |
| Massachusetts | $0 | 1 |
| California | $0 | 1 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $10.85B.
Similar-sized banks
Nbh Bank ($12.54B) · First Commonwealth Bank ($12.18B)
Source: FDIC BankFind - Call Report and institution data as of June 30, 2026; branch deposits from the FDIC Summary of Deposits (June 30, 2026). See methodology.
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