How profitable a bank is affects its long-term survivability. Earnings may be retained by the bank, boosting its capital buffer, or be used to address problematic loans, potentially making the bank better able to withstand financial trouble. Conversely, losses lessen a bank's ability to do those things.
On Bankrate's earnings test, The First National Bank of Layton scored 22 out of a possible 30, exceeding the national average of 16.52.
One important measure of a bank's earnings is return on equity, or net income (essentially profit) divided by the total amount of equity. The most recent annualized quarterly return on equity for The First National Bank of Layton was 13.65 percent, above the national average of 9.28 percent.
For the twelve months ended June 30, 2017, the bank reported net income of $2.7 million on total equity of $40.6 million. The bank reported an annualized return on average assets, or ROA, of 1.74 percent, above the 1 percent deemed satisfactory in accordance with industry standards, and above the average for U.S. banks of 1.14 percent.