A
Optum Bank, Inc.
DraperUT
Rating Date
March 2024
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Major Rating Factors: Excellent current capitalization (10.0 on a scale of 0 to 10) based on a risk-based capital ratio of 18.2 and a capital leverage ratio of 11.5. Operating profits as a percentage of assets at 3.3%, coupled with a return on assets of 2.5 has resulted in Excellent (10.0) profitability.
Other Rating Factors: A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (9.6 on a scale of 0 to 10). A current level of 0.6 percent of nonperforming loans to core capital combined with 0.0 percent from a year earlier contributes to the Excellent asset quality (8.6).
Asset Mix: Securities (61%), comm re (14%), cash (4%), consumer loans (3%), comm loans (3%), other (15%)
States with Branches: UT
Asset Quality
Non-Performing Loans to Capital
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Hot Money
Corporate Info
Group Affiliation
UnitedHealth Group Incorporated
Investment Rating
--
Address
12921 South Vista Station Boulevard
Draper, UT 84020
Phone Number
(866) 234-8913
Year Founded
2003
FDIC Number
Largest Affiliates
No affiliate information available.
Weiss Ratings