Proficio Bank
Cottonwood Heights, UT · Owner: NHB Holdings Inc
$68.2M
total assets, December 31, 2016
$68.2M
total assets, December 31, 2016
Proficio Bank was a state nonmember bank in Cottonwood Heights, UT, owned by NHB Holdings Inc. It failed on Mar 3, 2017, and Cache Valley Bank took over its deposits. At its last report it held $68.2 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 2016
This bank failed
- Failed on
- Mar 3, 2017
- Assets
- $68.2M
- Deposits
- $65.0M
- Estimated cost
- $10.1M
- Deposits went to
- Cache Valley Bank, Logan, UT
Total assets
$68.2M
-37.7% in a year · -15.0% in a quarter
Deposits
$65.0M
-32.8% in a year · -14.3% in a quarter
Loans
$46.2M
-38.4% in a year · -5.8% in a quarter
Profit so far
-$4.1M
Jan 1 to Dec 31, 2016
Capital ratio
3.10%
-1.04 pts in a year
Return on assets
-4.53%
+2.02 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 6985 Union Park Center, Cottonwood Heights, UT, 84047
- County
- Salt Lake
- Holding company
- NHB Holdings Inc
- Established
- May 1, 2000
- Failed
- Mar 3, 2017
- Employees
- 11
- Branches
- 1
- Id
- b35495
Quarter by quarter
June 30, 2000 to December 31, 2016
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Proficio Bank?
$68.2 million in total assets and $65.0 million in deposits as of December 31, 2016, with assets down 37.7% from a year before. Its loans were $46.2 million.
How many branches does Proficio Bank have?
1 branch in Utah as of June 30, 2026.
Is Proficio Bank profitable?
No: it lost $4.14 million from January 1 to December 31, 2016. Its return on assets was -4.53% a year; about 1% is typical.
Who owns Proficio Bank?
Proficio Bank is owned by NHB Holdings Inc, its holding company.
When did Proficio Bank fail?
Mar 3, 2017. Cache Valley Bank of Logan, UT took over its deposits. The estimated cost of the failure was $10.1 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.