| Weiss Ratings |
Varo Bank, National Association
Draper, UT |
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| Rating | ||||
| Asset Quality Index | 6.80 | |||
| Capitalization Index | 10.00 | |||
| Liquidity Index | 5.90 | |||
| Profitability Index | 0.00 | |||
| Stability Index | 4.70 | |||
| Company Info |
Varo Bank, National Association
Draper, UT |
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| FDIC Number | 59190 | |||
| Phone Number | (415) 513-5240 | |||
| Website | www.varomoney.com | |||
| Asset Quality |
Varo Bank, National Association
Draper, UT |
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| 1-Year Asset Growth | 19.85% | |||
| 5-Year Asset Growth | -5.39% | |||
| 5-Year Charge-Offs to Average Loans | 22.30% | |||
| Charge-Offs to Average Loans | 28.96% | |||
| Non-Performing Assets to Assets | 0.00% | |||
| Non-Performing Loans to Capital | 0.57% | |||
| Non-Performing Loans to Loans | 0.00% | |||
| Balance Sheet |
Varo Bank, National Association
Draper, UT |
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| Total Assets | 337.82M | |||
| Total Deposits | 209.82M | |||
| Capital and Reserves |
Varo Bank, National Association
Draper, UT |
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| Capital | 68.88M | |||
| Leverage Ratio | 18.46 | |||
| Loan Loss Reserves to Loans | 9.98% | |||
| Risk-Based Capital Ratio | -- | |||
| Liquidity |
Varo Bank, National Association
Draper, UT |
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| Hot Money Ratio | 0.00% | |||
| Liquidity Ratio | 67.05% | |||
| Profitability |
Varo Bank, National Association
Draper, UT |
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| 5-Year Return on Average Assets | -33.32% | |||
| Net Income | -46.57M | |||
| Net Interest Spread | 6.22% | |||
| Operating Profit to Average Assets | -26.33% | |||
| Overhead Efficiency Ratio | 138.16% | |||
| Return on Assets | -26.33% | |||
| Return on Equity | -107.54% | |||