Major Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Very Weak overall stability index (0.0 on a scale of 0 to 10).
Other Rating Factors:
Good liquidity 6.9, driven by a liquidity ratio of 75.6 percent and a “hot money” ratio of 0.0 percent. A current level of 0.4 percent of nonperforming loans to core capital contributes to the Excellent asset quality (7.8).
Asset Mix:
Cash (65%), consumer loans (17%), securities (10%), other (7%)
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
Varo Money, Inc.
Investment Rating
--
Address
11781 South Lone Peak Way
Draper, UT 84020
Draper, UT 84020
Phone Number
(415) 513-5240
Year Founded
FDIC Number
Website
Largest Affiliates
No affiliate information available.