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BankHealth

SOFI BANK NATIONAL ASSN

COTTONWOOD HEIGH, UTAH · FDIC Cert #26881

A
Health Score
83/100
$27.4B
Total Assets
$23.1B
Total Deposits
16.96%
Tier 1 Capital
Q2 2024
Report Date

Capital & Safety Analysis

Regulatory Status:Well-Capitalized

According to FDIC financial data, SOFI BANK NATIONAL ASSN holds a Tier 1 capital ratio of 16.96%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning SOFI BANK NATIONAL ASSN has a strong buffer to absorb potential losses.

Key Financial Metrics

0.15%
Nonperforming Loans
Low — healthy loan portfolio
13.63%
Liquidity Ratio
Adequate liquidity
2.07%
Return on Assets
Profitable — earning well on assets
$23.1B
Domestic Deposits
Total domestic deposits held

What This Means For Your Money

SOFI BANK NATIONAL ASSN shows strong financial health indicators. With $27.4B in assets and a Health Score of 83/100, this bank demonstrates solid capital reserves, manageable loan risk, and adequate liquidity to serve its depositors.

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.

Frequently Asked Questions

SOFI BANK NATIONAL ASSN has a Bank Health Score of A (83/100). It holds a Tier 1 capital ratio of 16.96%, 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.

SOFI BANK NATIONAL ASSN holds $27.4B in total assets and $23.1B in total deposits. It is located in COTTONWOOD HEIGH, UTAH (FDIC Certificate #26881).

SOFI BANK NATIONAL ASSN has a Tier 1 capital ratio of 16.96%, classifying it as "Well-Capitalized." The nonperforming loan ratio is 0.15%, and the return on assets is 2.07%.

Yes. SOFI BANK NATIONAL ASSN is FDIC-insured (Certificate #26881). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically regain access to funds within two business days.

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