A Salt Lake County bank adds a fifth office
Brighton Bank's legal history begins on January 3, 1978, according to the FDIC institution record. It describes itself as locally owned and managed, with decisions made by bankers who know the local market. That identity is visible in a footprint concentrated in Salt Lake County rather than in a national branch network. Its headquarters is on South Highland Drive. [1][6]
A February 17, 2026 FDIC examination identified Brighton Bancorp as the one-bank holding company that wholly owns the institution. At that examination, Brighton operated its main office and four full-service branches. The newest was in Draper, opened in October 2022. Examiners reported no branch closures or mergers since the preceding review. The chronology is one of incremental local expansion, rather than a recent acquisition-driven change of identity. [2]
Local staff support business and household relationships
The bank's current staff page identifies Bruce Ashcroft as president and chief executive, Michael Jensen as chief financial officer and Russ Fullmer as chief credit officer. It also presents separate branch and lending teams for Cottonwood, South Salt Lake, Midtown, City Center and South Towne. These named offices and roles give substance to the institution's local-service description without establishing that every credit decision is made at a particular branch. [3]
The product range includes consumer and business deposits, residential and commercial property loans, home-equity and working-capital lines, construction credit, vehicle and boat loans, and SBA financing. Brighton's business-lending page distinguishes general commercial credit from SBA 7(a), Express and 504 programs. Equipment purchases, business acquisitions, property and seasonal working capital can involve different repayment structures even when handled by the same bank. [2][4]
Real estate is the dominant reported collateral
The February 2026 examination reported that real-estate-secured loans represented 93.1% of the December 31, 2025 portfolio under the report's classifications. Nonfarm nonresidential property accounted for 51.5%, residential properties with one to four units for 17.0%, construction and land development for 15.4%, and multifamily property for 9.1%. Those dated categories explain more than the broad description of Brighton as a business bank. [2]
By June 30, 2026, FDIC data showed $201.017 million in real-estate-secured loans, $14.337 million in commercial and industrial loans and $699,000 in consumer loans. The net loan total below includes accounting adjustments, so the category balances should not simply be divided by it and labeled a regulatory concentration ratio. The data also do not identify which properties secure the loans or how much exposure belongs to any individual developer. [5]
The latest community-credit review was mixed
The February 2026 CRA examination gave Brighton an overall Satisfactory rating. Examiners analyzed 55 small-business loans originated or renewed during 2025, totaling $16.129 million. Of those, 44 loans, or 80% by number, were inside Salt Lake County, the bank's defined assessment area; they represented 74% of the examined dollar volume. [2]
The report judged geographic dispersion excellent, including lending in low- and moderate-income neighborhoods. At the same time, it described penetration among businesses of different revenue sizes as poor. These findings concern different questions: where borrowers operate and the size of the businesses receiving credit. Reporting only the overall rating would obscure that distinction. The examination also identified small-business credit and affordable housing as important local needs. [2]
CRA reviews assess community-credit performance, not financial condition. Brighton's marketing page separately displays commercial ratings and assurances, but those undated statements are not used here as evidence of its current risk level. Its public financial report provides a dated basis for describing size, funding and recognized credit outcomes. [1][2][5]
A limited credit snapshot
At June 30, 2026, Brighton reported $1.046 million in and zero net for the first half. A zero net-charge-off number means charge-offs and recoveries netted to zero; it does not mean every loan was current or that future losses are impossible. The report does not by itself establish a trend. The central operating picture remains a locally staffed deposit bank whose lending is heavily connected to property in and around its market. [5]
The bank at midyear 2026
At June 30, 2026, Brighton Bank reported $321.642 million in assets, $278.783 million in deposits, $212.550 million in net loans and leases, and $32.561 million in equity capital. Net income for the six months ended June 30 was $2.962 million. These are figures for the insured bank, not a consolidated parent; the income number covers January through June rather than the second quarter alone. [5]
Deposits equaled 86.7% of assets, and net loans and leases equaled 76.2% of deposits, calculated from the same report. Equity equaled 10.1% of assets. That last measure is a simple accounting ratio, not a regulatory risk-based capital ratio. The relationships describe the balance sheet at one date; they do not establish how quickly deposits might leave or how readily loans could be sold. [5]
Sources
- Brighton Bank: local ownership and banking services; reviewed October 6, 2026SourceBack to text: ↑1↑2
- FDIC: Brighton Bank CRA performance evaluation, February 17, 2026Source · PDFBack to text: ↑1↑2↑3↑4↑5↑6
- Brighton Bank: management and branch teams; reviewed October 6, 2026SourceBack to text: ↑
- Brighton Bank: business and SBA lending; reviewed October 6, 2026SourceBack to text: ↑
- FDIC quarterly financial data: bank-level balances at June 30, 2026 and first-half 2026 income; dollars reported in thousandsOfficial sourceBack to text: ↑1↑2↑3↑4↑5
- FDIC BankFind: Brighton Bank, certificate 22578; active Utah headquarters record reviewed October 6, 2026Official sourceBack to text: ↑
- Utah Department of Financial Institutions: institution directory, July 2026 workbookOfficial source