Milestone Bank

Salt Lake City, UT
IDRSSD: 3407084
Total Assets
$385.28M
Latest filing
Total Deposits
$319.38M
Latest filing
Net Interest Margin
6.66%
Profitability

Locations

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Main Office
Milestone Bank
310 South Main St., Suite 900
Salt Lake City, UT 84101
Full Service - Brick and Mortar
Updated 11/14/2025Established 01/26/2006FDIC Certificate 440523

Branches (0)

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NameAddressCity / State
No branch data available.
Milestone Bank (Main)310 South Main St., Suite 900Salt Lake City, UT

Quarterly Trends

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Total Assets vs Total Liabilities

Loans & Leases vs Deposits

Interest Income vs Expense

Net Interest Income

Noninterest Expense vs Income

Net Income

Institution Profile

Institution ClassCommercial bank, state charter, Fed non-member, and supervised by the FDIC
Primary RegulatorFDIC
Established Date01/26/2006
Community BankNo
Ownership TypeNot Mutual
ZIP84101
State and County Number49035
Subchapter S CorporationsNo
Trust PowersN/A
Federal Reserve ID Number12
Numeric code23
Insured by FDICInstitutions that are currently open and insured by the FDIC
Federal Reserve DistrictSan Francisco
Core Based Statistical Area NameSalt Lake City, UT

Operational Info

Number of Employees56
Domestic Offices1
Foreign Offices0
US Offices0
Directly owned by another bank (CERT)No
Last Structure Change Effective Date10/16/2023
Date of Deposit Insurance01/26/2006
Primary Insurance AgencyDIF
Websitewww.milestonebank.com
Data Updated11/14/2025
CERT58148
Office of The Comptroller District:
Office of Thrift Supervision RegionN/A

Financial Summary

Total Assets$385.28M
Total Deposits$319.38M
Total Liabilities$332.98M
Total Equity Capital$52.30M
Net Income$1.74M
Net Loans and Leases$349.35M
Assets Per Employee ($Millions)$6.42M
Bank Premises and Fixed Assets$724.00k
Cash and Balances due from Depository Institutions$25.69M
Deposits Held in Domestic Offices$319.38M

Key Performance Ratios

Return on Assets (ROA)1.79%
Return on Equity (ROE)13.51%
Net Interest Margin6.66%
Efficiency Ratio45.91%
Tier 1 Risk-Based Capital Ratio0%
Net Loans and Leases to Core Deposits0%
Credit Loss Provision to Assets1.49%
Cash Dividends to Net Income (YTD Only)0%
Equity Capital to Assets13.575%
Earning Assets to total Assets97.47%

Income and Expense

Total Interest Income$9.71M
Total Noninterest Income$657.00k
Total Interest Expense$3.41M
Total Noninterest Expense$3.19M
Net Interest Income$6.30M
Pre-tax Net Operating Income$2.31M
Provision for Credit Losses$1.45M
Discontinued Operations (Extraordinary Gains - Net)$0

Additional Financial Info

Goodwill and Other Intangibles$0
All Other Assets$0
Other Real Estate Owned$0
Other borrowed funds$0
Federal Funds Sold & Reverse Repurchase Agreement$41.00k
Federal Funds Purchased and Repurchased Agreement$0
All Other Liabilities$13.60M
Total Liabilities and Capital$385.28M

Securities

Securities$2.31M
Available-for-sale debt securities$0
Equity securities with readily determinable fair values not held for trading$0
Held-to-maturity securities$1.73M
Subordinated Debt$0
Trading Account Assets$0
Trading Liabilities$0

Frequently Asked Questions

What are the total assets of Milestone Bank?
$385.28M as of the latest filing.
How much are Milestone Bank's total deposits?
$319.38M in total deposits.
Where is Milestone Bank located?
Salt Lake City, UT.
What is the Net Interest Margin?
6.66%.
How many domestic offices does it operate?
1.
When was it established?
01/26/2006.
What is the Return on Assets (ROA)?
1.79%.
How much are total loans and leases?
$349.35M (latest filing).
What is the total interest income (latest filing)?
$9.71M.