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Happen Bank, National Association

$10B-$250B Specialty: Consumer UT FDIC cert 32551

Lehi, UT

3 branches across CA · MA · UT

NEW · Q2 2026 RECAP

Your Quarter, Wrapped

A 35-second highlight reel of your Q2 — the wins worth celebrating and the one signal worth watching, pulled straight from your scorecard data.

Q2 2026 at a glance

  • 1 of 139 banks in the $10B-$250B peer group nationwide — 1 of 12 in UT.
  • Deposits +17.2% year over year ($10.9B on the books).
  • Delinquency rate 0.84%.
  • Return on assets 1.82%.
  • Efficiency ratio 74.08% vs a 53.67% peer average.
  • Loan-to-deposit ratio 63.12% vs a 82.61% peer average.

Animation disabled (reduced-motion preference). Full details in the Core Metrics table below.

139 banks in the $10B-$250B peer group nationally 12 in UT
View $10B-$250B leaderboard (UT) →

Happen Bank, National Association has 4 strengths but faces 1 concern

Key Strengths include matched growth signatures, metrics ranked in the top 10%, and values meaningfully above the tier average.
Key Concerns include matched risk or decline signatures, metrics ranked in the bottom 10%, and values meaningfully below the tier average.

Key Strengths

Areas where this bank excels compared to peers

  • + Profitability Leader: Top 11.4% in tier
  • + Revenue Diversifier: Top 20.0% in tier
  • + Net Interest Margin 2.38% above tier average
  • + Delinquency Rate 0.17% below tier average

Key Concerns

Areas that may need attention

  • - Efficiency Ratio 20.41% above tier average
Get updates when Happen Bank, National Association releases new data →

Core Metrics

As of 2026-Q2

Metric Current vs Tier Tier Avg State Avg (UT) National Avg Tier Percentile
Total Assets ? $12.5B
+17.0% YoY +5.3% QoQ
-$31.1B $43.6B
-13.8% YoY
$31.1B
+21.2% YoY
$6.3B
+7.7% YoY
Bottom 11.5% in tier
Total Loans ? $6.9B
+18.7% YoY +4.8% QoQ
-$21.1B $28.0B
-8.6% YoY
$18.5B
+10.6% YoY
$3.2B
+9.4% YoY
Bottom 6.5% in tier
Total Deposits ? $10.9B
+17.2% YoY +5.6% QoQ
-$24.6B $35.4B
-14.0% YoY
$23.9B
+15.2% YoY
$4.9B
+7.3% YoY
16%
Return on Assets ? 1.82%
+93.5% YoY +4.2% QoQ
+0.43% 1.39%
+25.9% YoY
2.15%
+9.7% YoY
1.30%
+12.1% YoY
Top 14.4% in tier
Net Interest Margin ? 6.30%
+2.8% YoY -1.5% QoQ
+2.38% 3.92%
+8.9% YoY
7.81%
+8.6% YoY
3.95%
+4.9% YoY
Top 5.8% in tier
Efficiency Ratio ? 74.08%
+16.9% YoY +1.4% QoQ
+20.41% 53.67%
-1.9% YoY
105.46%
+37.7% YoY
70.05%
+2.5% YoY
Bottom 5.0% in tier
Delinquency Rate ? 0.84%
-17.6% YoY -9.1% QoQ
-0.17% 1.01%
-2.8% YoY
1.38%
+2.5% YoY
0.98%
+16.3% YoY
41%
Loan-to-Deposit Ratio ? 63.12%
+1.3% YoY -0.7% QoQ
-19.49% 82.61%
+3.1% YoY
83.52%
+2.9% YoY
79.03%
+2.3% YoY
Top 10.1% in tier
Non-Interest-Bearing Deposit Share ? 4.77%
-6.5% YoY -2.0% QoQ
-15.81% 20.58%
+4.9% YoY
17.78%
-2.6% YoY
21.98%
-0.6% YoY
17%
Nonperforming Asset Ratio ? 0.46%
-16.4% YoY -9.6% QoQ
-0.27% 0.73%
+5.8% YoY
0.92%
+4.0% YoY
0.69%
+15.8% YoY
55%
Tier 1 Capital Ratio ? 15.57%
+0.5% YoY +0.6% QoQ
+0.22% 15.35%
-0.4% YoY
21.39%
+2.0% YoY
17.09%
+0.8% YoY
82%
Non-Interest Income / Assets ? 1.23%
-14.1% YoY +99.5% QoQ
+0.74% 0.50%
+10.5% YoY
2.21%
+5.7% YoY
0.66%
+5.2% YoY
Top 6.5% in tier

Additional Detail

Deposit mix, loan mix, capital, efficiency, asset quality & profitability · As of 2026-Q2

Deposit Composition

% of total deposits

Metric Current vs Tier Tier Avg State Avg (UT) National Avg Tier Percentile
Noninterest-Bearing 4.8%
-0.3pp YoY
-0.1pp QoQ
 -16.3pp 21.0% 20.1% 22.2% 14%
Brokered Deposits 6.9%
+0.8pp YoY
-0.3pp QoQ
 -2.3pp 9.2% 28.6% 8.5% 56%

Loan Composition

% of total loans & leases

Metric Current vs Tier Tier Avg State Avg (UT) National Avg Tier Percentile
C&I 2.4%
-0.4pp YoY
0.0pp QoQ
 -14.8pp 17.2% 25.0% 12.5% 6%
CRE 7.3%
-0.5pp YoY
-0.2pp QoQ
 -34.7pp 42.0% 44.1% 41.4% 4%
1-4 Family 2.2%
-0.7pp YoY
-0.1pp QoQ
 -21.0pp 23.1% 13.8% 31.3% 6%
Consumer 90.5%
+0.5pp YoY
-0.4pp QoQ
 +77.6pp 12.9% 45.8% 5.0% 93%

Capital

Metric Current vs Tier Tier Avg State Avg (UT) National Avg Tier Percentile
CET1 Ratio 15.6%
+0.1pp YoY
+0.1pp QoQ
 +0.3pp 15.3% 25.0% 19.7% 82%
Leverage Ratio 11.0%
+0.1pp YoY
+0.1pp QoQ
 +0.6pp 10.4% 15.7% 12.6% 73%
Total Capital Ratio 16.8%
+0.1pp YoY
+0.1pp QoQ
 +0.3pp 16.5% 26.3% 20.8% 81%

Efficiency & Staffing

Metric Current vs Tier Tier Avg State Avg (UT) National Avg Tier Percentile
Full-Time Employees 1,093
+25 (+2.3%) YoY
-11 (-1.0%) QoQ
 -2,165 3,258 1,029 482 23%
Assets per Employee ($) $11.4M
+14.4% YoY
+6.4% QoQ
 -$15.6M $27.0M $39.6M $8.8M 44%
Branch Count 3
0 YoY
0 QoQ
 -135 137 13 18 19%

Asset Quality

Metric Current vs Tier Tier Avg State Avg (UT) National Avg Tier Percentile
Past Due 90+ Days 0.0%
0.0pp YoY
0.0pp QoQ
 -0.4pp 0.4% 0.6% 0.4% 9%
Nonaccrual 0.8%
-0.2pp YoY
-0.1pp QoQ
 +0.1pp 0.7% 1.2% 1.0% 67%
Allowance Coverage 3.33x
-22.1% YoY
-14.8% QoQ
 +0.52x 2.81x 7.86x 20.23x 84%
Net Charge-off Rate (YTD) 2.1%
-0.6pp YoY
-0.2pp QoQ
 +1.7pp 0.4% 3.6% 0.2% 96%

Profitability

Metric Current vs Tier Tier Avg State Avg (UT) National Avg Tier Percentile
ROE 15.9%
+7.5pp YoY
+0.7pp QoQ
 +3.3pp 12.6% 15.9% 11.6% 80%
Cost of Funds (YTD) 3.1%
-0.2pp YoY
0.0pp QoQ
 +1.1pp 2.0% 2.3% 1.7% 93%
Net Income ($, YTD) $108.8M
+120.0% YoY
— QoQ
 -$188.0M $296.8M $307.8M $40.4M 33%

Signature Analysis

Composite behavioral patterns that combine multiple metrics to identify what stands out about this bank. Matched signatures only; metric-level callouts appear in the Key Strengths / Key Concerns summary above.

Strengths are growth signatures this bank matches (e.g. Revenue Diversifier, Profitability Leader).
Concerns are risk or decline signatures this bank matches (e.g. Margin Compression, Credit Quality Pressure).

Strengths (2)

Profitability Leader

growth
#5 of 35 • Top 11.4% in tier

Top-quartile profitability for peers of this size. Strong fundamentals and operational efficiency.

Why this signature
Return on Assets: 1.82%
(Tier: 1.39%, National: 1.30%)
better than tier avg
35 of 35 Large banks match · 923 nationally
→ Stable

Revenue Diversifier

growth
#8 of 35 • Top 20.0% in tier

Top-quartile non-interest income relative to assets. Revenue less dependent on spread - more resilient to rate cycles.

Why this signature
Noninterest Income / Assets: 1.23%
(Tier: 0.50%, National: 0.66%)
better than tier avg
Return on Assets: 1.82%
(Tier: 1.39%, National: 1.30%)
better than tier avg
35 of 35 Large banks match · 923 nationally
→ Stable | QoQ rank declining

Concerns (0)

No matched concern signatures this quarter

Metric Rankings

See how this bank ranks across all tracked metrics compared to peers.

Strengths are metrics in the top 25% (75th percentile or higher).
Concerns are metrics in the bottom 25% (25th percentile or lower).
Comparing against 139 peers in $10B-$250B

Top Strengths (5 metrics)

9
Net Interest Margin
profitability
Value: 6.30%
Peer Median: 3.92%
#9 of 139 Top 5.8% in $10B-$250B
10
Non-Interest Income / Assets
revenue_mix
Value: 1.23%
Peer Median: 0.50%
#10 of 139 Top 6.5% in $10B-$250B
15
Loan-to-Deposit Ratio
liquidity
Value: 63.12%
Peer Median: 82.61%
#15 of 139 Top 10.1% in $10B-$250B
21
Return on Assets
profitability
Value: 1.82%
Peer Median: 1.39%
#21 of 139 Top 14.4% in $10B-$250B
26
Tier 1 Capital Ratio
capital
Value: 15.57%
Peer Median: 15.35%
#26 of 139 Top 18.0% in $10B-$250B

Top Weaknesses (5 metrics)

133
Efficiency Ratio
profitability
Value: 74.08%
Peer Median: 53.67%
#133 of 139 Bottom 5.0% in $10B-$250B
131
Total Loans
size
Value: $6.85B
Peer Median: $27.97B
#131 of 139 Bottom 6.5% in $10B-$250B
124
Total Assets
size
Value: $12.48B
Peer Median: $43.60B
#124 of 139 Bottom 11.5% in $10B-$250B
118
Total Deposits
size
Value: $10.85B
Peer Median: $35.42B
#118 of 139 Bottom 15.8% in $10B-$250B
117
Non-Interest-Bearing Deposit Share
funding
Value: 4.77%
Peer Median: 20.58%
#117 of 139 Bottom 16.5% in $10B-$250B
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