| Weiss Ratings |
Varo Bank, National Association
Draper, UT |
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| Rating | ||||
| Asset Quality Index | 7.00 | |||
| Capitalization Index | 10.00 | |||
| Liquidity Index | 5.50 | |||
| Profitability Index | 0.00 | |||
| Stability Index | 0.00 | |||
| 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 | -41.32% | |||
| 5-Year Asset Growth | -- | |||
| 5-Year Charge-Offs to Average Loans | 17.51% | |||
| Charge-Offs to Average Loans | 18.22% | |||
| Non-Performing Assets to Assets | 0.00% | |||
| Non-Performing Loans to Capital | 0.64% | |||
| Non-Performing Loans to Loans | 0.01% | |||
| Balance Sheet |
Varo Bank, National Association
Draper, UT |
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| Total Assets | 281.88M | |||
| Total Deposits | 161.19M | |||
| Capital and Reserves |
Varo Bank, National Association
Draper, UT |
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| Capital | 69.49M | |||
| Leverage Ratio | 20.60 | |||
| Loan Loss Reserves to Loans | 7.14% | |||
| Risk-Based Capital Ratio | -- | |||
| Liquidity |
Varo Bank, National Association
Draper, UT |
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| Hot Money Ratio | 0.00% | |||
| Liquidity Ratio | 52.55% | |||
| Profitability |
Varo Bank, National Association
Draper, UT |
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| 5-Year Return on Average Assets | -- | |||
| Net Income | -45.35M | |||
| Net Interest Spread | 5.69% | |||
| Operating Profit to Average Assets | -27.49% | |||
| Overhead Efficiency Ratio | 148.43% | |||
| Return on Assets | -27.49% | |||
| Return on Equity | -119.09% | |||