| Weiss Ratings |
Varo Bank, National Association
Draper, UT |
Click to Compare |
Click to Compare |
Click to Compare |
| Rating | ||||
| Asset Quality Index | 7.00 | |||
| Capitalization Index | 10.00 | |||
| Liquidity Index | 5.20 | |||
| Profitability Index | 0.00 | |||
| Stability Index | 0.00 | |||
| Company Info |
Varo Bank, National Association
Draper, UT |
Click to Compare |
Click to Compare |
Click to Compare |
| FDIC Number | 59190 | |||
| Phone Number | (415) 513-5240 | |||
| Website | www.varomoney.com | |||
| Asset Quality |
Varo Bank, National Association
Draper, UT |
Click to Compare |
Click to Compare |
Click to Compare |
| 1-Year Asset Growth | -35.50% | |||
| 5-Year Asset Growth | -- | |||
| 5-Year Charge-Offs to Average Loans | 17.51% | |||
| Charge-Offs to Average Loans | 21.37% | |||
| Non-Performing Assets to Assets | 0.00% | |||
| Non-Performing Loans to Capital | 1.40% | |||
| Non-Performing Loans to Loans | 0.00% | |||
| Balance Sheet |
Varo Bank, National Association
Draper, UT |
Click to Compare |
Click to Compare |
Click to Compare |
| Total Assets | 275.53M | |||
| Total Deposits | 159.70M | |||
| Capital and Reserves |
Varo Bank, National Association
Draper, UT |
Click to Compare |
Click to Compare |
Click to Compare |
| Capital | 53.79M | |||
| Leverage Ratio | 16.67 | |||
| Loan Loss Reserves to Loans | 8.15% | |||
| Risk-Based Capital Ratio | -- | |||
| Liquidity |
Varo Bank, National Association
Draper, UT |
Click to Compare |
Click to Compare |
Click to Compare |
| Hot Money Ratio | 0.00% | |||
| Liquidity Ratio | 48.87% | |||
| Profitability |
Varo Bank, National Association
Draper, UT |
Click to Compare |
Click to Compare |
Click to Compare |
| 5-Year Return on Average Assets | -- | |||
| Net Income | -70.99M | |||
| Net Interest Spread | 6.38% | |||
| Operating Profit to Average Assets | -30.38% | |||
| Overhead Efficiency Ratio | 149.11% | |||
| Return on Assets | -30.38% | |||
| Return on Equity | -132.71% | |||