Redemption Bank
Salt Lake City, UT
IDRSSD: 617275
Total Assets
$72.20M
Latest filing
Total Deposits
$57.53M
Latest filing
Net Interest Margin
5.90%
Profitability
Routing numbers
Primary routing transit numbers associated with this institution.
1 routeView all→
124302118SALT LAKE CITY, UT
Key People
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Locations
Main office and branches. Select to view on the map.
Main Office
Redemption Bank
2020 E Murray Holladay Road
Salt Lake City, UT 84117
Full Service - Brick and Mortar
Updated 01/30/2026Established 02/20/1974FDIC Certificate 14833
Branches (0)
Page 1 of 1| Name | Address | City / State | ||
|---|---|---|---|---|
| No branch data available. | ||||
| Redemption Bank (Main) | 2020 E Murray Holladay Road | Salt 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
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Institution Profile
| Institution Class | Commercial bank, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 02/20/1974 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 84117 |
| State and County Number | 49035 |
| Subchapter S Corporations | No |
| Trust Powers | Full Trust Powers Granted |
| Federal Reserve ID Number | 12 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | San Francisco |
| Core Based Statistical Area Name | Salt Lake City, UT |
Operational Info
| Number of Employees | 15 |
| Domestic Offices | 1 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 08/11/2025 |
| Date of Deposit Insurance | 02/20/1974 |
| Primary Insurance Agency | DIF |
| Website | www.redemptionbank.com |
| Data Updated | 01/30/2026 |
| CERT | 21448 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $72.20M |
| Total Deposits | $57.53M |
| Total Liabilities | $58.07M |
| Total Equity Capital | $14.13M |
| Net Income | $-324,000 |
| Net Loans and Leases | $51.77M |
| Assets Per Employee ($Millions) | $5.16M |
| Bank Premises and Fixed Assets | $118.00k |
| Cash and Balances due from Depository Institutions | $0 |
| Deposits Held in Domestic Offices | $57.53M |
Key Performance Ratios
| Return on Assets (ROA) | -1.79% |
| Return on Equity (ROE) | -9.07% |
| Net Interest Margin | 5.9% |
| Efficiency Ratio | 139.88% |
| Tier 1 Risk-Based Capital Ratio | 0% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.33% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 19.572% |
| Earning Assets to total Assets | 95.72% |
Income and Expense
| Total Interest Income | $1.31M |
| Total Noninterest Income | $22.00k |
| Total Interest Expense | $289.00k |
| Total Noninterest Expense | $1.46M |
| Net Interest Income | $1.02M |
| Pre-tax Net Operating Income | $-475,000 |
| Provision for Credit Losses | $59.00k |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | — |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $0 |
| Federal Funds Sold & Reverse Repurchase Agreement | $39.00k |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $543.00k |
| Total Liabilities and Capital | $72.20M |
Securities
| Securities | $3.01M |
| Available-for-sale debt securities | $3.01M |
| Equity securities with readily determinable fair values not held for trading | — |
| Held-to-maturity securities | $0 |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Redemption Bank?
$72.20M as of the latest filing.
How much are Redemption Bank's total deposits?
$57.53M in total deposits.
Where is Redemption Bank located?
Salt Lake City, UT.
What is the Net Interest Margin?
5.90%.
How many domestic offices does it operate?
1.
When was it established?
02/20/1974.
What is the Return on Assets (ROA)?
-1.79%.
How much are total loans and leases?
$51.77M (latest filing).
What is the total interest income (latest filing)?
$1.31M.