B
Green Dot Bank
ProvoUT
Rating Date
August 2024
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Major Rating Factors: A current level of 0.8 percent of nonperforming loans to core capital combined with 5.7 percent from a year earlier contributes to the Excellent asset quality (10.0). Operating profits as a percentage of assets at 2.0%, coupled with a return on assets of 1.3 has resulted in Good (6.3) profitability.
Other Rating Factors: Excellent liquidity 8.4, driven by a liquidity ratio of 37.8 percent and a “hot money” ratio of 0.1 percent. Good current capitalization (5.5 on a scale of 0 to 10) based on a risk-based capital ratio of 30.3 and a capital leverage ratio of 7.5.
Asset Mix: Securities (49%), cash (35%), consumer loans (1%), comm loans (0%), other (15%)
States with Branches: UT
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Corporate Info
Group Affiliation
Green Dot Corporation
Investment Rating
Address
1675 North Freedom Boulevard
Provo, UT 84604
Phone Number
(801) 344-7020
Year Founded
1978
FDIC Number
Largest Affiliates
No affiliate information available.