Finwise Bank
Murray, Utah · FDIC Cert #35323
This is the FDIC profile for Finwise Bank, an FDIC-insured bank (Certificate #35323) with $607M in total assets and $460M in total deposits per its most recent FDIC Call Report filing (Q2 2024). Headquartered in Murray, Utah, the bank maintains a Tier 1 capital ratio of 20.81% (Well-Capitalized) and a nonperforming loan ratio of 5.64%. BankHealthData assigns a composite Health Grade of C (57/100) based on quarterly FDIC filings. All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Finwise Bank (FDIC cert 35323) is a community bank — $607M in total assets, $460M in deposits, serving the Murray, Utah area. Community banks make up the largest share of U.S. banks by count but a much smaller share by assets.
Capital position is strong: Tier 1 capital ratio of 20.81% sits comfortably above the 8% well-capitalized regulatory threshold and the 10% well-capitalized-plus floor for community banks. Strong capital is the first line of defense against unexpected loan losses. Asset quality shows stress: non-performing loan ratio of 5.64% is well above the peer median and signals significant credit-quality challenges. Banks in this range typically face heightened regulatory monitoring. Liquidity is in the normal range: 17.0% liquid assets relative to total assets — adequate for standard operating needs and routine deposit outflows.
Profitability is strong: return on assets of 4.07% is well above the 1.0% benchmark most analysts use as the threshold for a healthy bank. Strong ROA usually reflects disciplined cost management, healthy net interest margins, or both. Health-score trend is declining materially over the most recent quarters. Declining trends warrant attention — banks in this pattern often face follow-on regulatory engagement and elevated supervisory scrutiny. Finwise Bank carries a composite BankHealth grade of C (57/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: Finwise Bank
- Total Assets
- $607M
- Total Deposits
- $460M
- Tier 1 Capital Ratio
- 20.81%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 5.64%
- Liquidity Ratio
- 16.95%
- Return on Assets
- 4.07%
- Headquarters
- Murray, Utah
- FDIC Certificate
- #35323
- Health Grade
- C (57/100)
- Latest Call Report
- Q2 2024
FDIC Filings & Call Report Data
Finwise Bank files quarterly Call Reports with the FDIC under Certificate #35323. The figures on this page reflect the Q2 2024 Call Report, which is the most recent FDIC filing currently available. Historical filings and Uniform Bank Performance Reports (UBPR) are accessible directly from the FDIC BankFind directory and the FFIEC Central Data Repository.
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Capital & Safety Analysis
According to FDIC financial data, Finwise Bank holds a Tier 1 capital ratio of 20.81%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning Finwise Bank has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
Finwise Bank shows average financial health. While not alarming, its Health Score of 57/100 suggests some areas could be stronger. Your FDIC-insured deposits (up to $250,000) remain fully protected regardless.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How Finwise Bank Compares
Finwise Bank’s Health Score of 57 is 23 points below the Utah state average of 80 across 41 FDIC-insured banks. Its 20.81% Tier 1 capital ratio is 6.8 points above the US banking industry average near 14%. The 5.64% nonperforming loan ratio is higher than the industry norm (~0.8%), indicating more credit stress than peers. Return on assets of 4.07% is in line with or above the national ROA benchmark of ~1.1%. Among 1364 similarly-sized banks, the average Health Score is 79, meaning this bank ranks below its size cohort. Site-wide, Finwise Bank is 23 points below the portfolio average of 80.
Frequently Asked Questions
Finwise Bank has a Bank Health Score of C (57/100), placing it in average financial health. It holds a Tier 1 capital ratio of 20.81%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. Finwise Bank's Tier 1 capital ratio of 20.81% and nonperforming loan ratio of 5.64% indicate an average risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at Finwise Bank is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #35323). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
Finwise Bank holds $607M in total assets and $460M in total deposits. It is headquartered in Murray, Utah (FDIC Certificate #35323).
Finwise Bank's FDIC filings — including quarterly Call Reports and Uniform Bank Performance Reports — are filed under FDIC Certificate #35323 and available through the FDIC BankFind directory and the FFIEC Central Data Repository. The data on this page reflects the Q2 2024 Call Report.
Finwise Bank has a Tier 1 capital ratio of 20.81%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 5.64%, and the return on assets is 4.07%.
Yes. Finwise Bank is FDIC-insured (Certificate #35323). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An C grade on our Bank Health Score means 55-69/100 — average across capital, loan quality, and profitability. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
Finwise Bank's metrics are around average for the industry. There's no urgent action needed for FDIC-insured deposits, but it's worth monitoring quarterly updates. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.