Square Financial Services, Inc.
Major Rating Factors:
An analysis of stability tests since inception including evaluations of capital adequacy, asset growth, and profitability lead to a Very Weak overall stability index (0.3). A current level of 1.0 percent of nonperforming loans to core capital combined with 1.3 percent from a year earlier contributes to the Excellent asset quality (7.8).
Other Rating Factors:
Weak liquidity 2.0, driven by a liquidity ratio of 118.5 percent and a “hot money” ratio of 0.0 percent. Excellent current capitalization (10.0 on a scale of 0 to 10) based on a risk-based capital ratio of 108.7 and a capital leverage ratio of 65.8.
Asset Mix:
Cash (44%), comm loans (37%), consumer loans (17%), securities (0%), other (2%)
States with Branches:
UT
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
--
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
--
Overhead Efficiency Ratio
Corporate Info
Group Affiliation
Block, Inc.
Investment Rating
--
Address
3165 East Millrock Drive
Salt Lake City, UT 84121
Salt Lake City, UT 84121
Phone Number
Year Founded
2021
FDIC Number
Largest Affiliates
No affiliate information available.