USAA Federal Savings Bank
Phoenix, Arizona · FDIC Cert #32188
USAA Federal Savings Bank is an FDIC-insured bank (Certificate #32188) with $111.7B in total assets and $98.1B in total deposits as of the Q2 2024 Call Report. Headquartered in Phoenix, Arizona, the bank maintains a Tier 1 capital ratio of 15.96% (Well-Capitalized) and a nonperforming loan ratio of 1.02%. BankHealthData assigns a composite Health Grade of A (86/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
USAA Federal Savings Bank (FDIC cert 32188) is a mega-bank: $111.7B in total assets, $98.1B in deposits, headquartered in Phoenix, Arizona. Banks at this scale account for the bulk of U.S. banking assets and operate under enhanced prudential standards from the Federal Reserve, OCC, and FDIC.
Capital position is strong: Tier 1 capital ratio of 15.96% 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 is normal: non-performing loan ratio of 1.02% sits in the typical 0.5-2% range for healthy U.S. banks. Some NPL is unavoidable in any meaningful lending portfolio. Liquidity is very high: 58.3% of assets in liquid form, well above peer norms. Very high liquidity sometimes reflects a bank still building out its loan portfolio or one operating under specific regulatory liquidity requirements.
Profitability is minimal: ROA of 0.14% indicates the bank is barely profitable on an assets basis. Multiple quarters of minimal profitability eventually challenge capital growth and regulatory standing. Health-score trend is essentially stable across the recent-quarters window — the typical pattern for established banks operating in steady-state mode. USAA Federal Savings Bank carries a composite BankHealth grade of A (86/100) 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: USAA Federal Savings Bank
- Total Assets
- $111.7B
- Total Deposits
- $98.1B
- Tier 1 Capital Ratio
- 15.96%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 1.02%
- Liquidity Ratio
- 58.30%
- Return on Assets
- 0.14%
- Headquarters
- Phoenix, Arizona
- FDIC Certificate
- #32188
- Health Grade
- A (86/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, USAA Federal Savings Bank holds a Tier 1 capital ratio of 15.96%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning USAA Federal Savings Bank has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
USAA Federal Savings Bank shows strong financial health indicators. With $111.7B in assets and a Health Score of 86/100, 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.
How USAA Federal Savings Bank Compares
USAA Federal Savings Bank’s Health Score of 86 is 26 points above the Arizona state average of 60 across 14 FDIC-insured banks. Its 15.96% Tier 1 capital ratio is 2.0 points above the US banking industry average near 14%. The 1.02% nonperforming loan ratio is higher than the industry norm (~0.8%), indicating more credit stress than peers. Return on assets of 0.14% is below the national ROA benchmark of ~1.1%. Among 29 similarly-sized banks, the average Health Score is 79, meaning this bank ranks above its size cohort. Site-wide, USAA Federal Savings Bank is 16 points above the portfolio average of 70.
Frequently Asked Questions
USAA Federal Savings Bank has a Bank Health Score of A (86/100), placing it one of the safest banks in our analysis. It holds a Tier 1 capital ratio of 15.96%, 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.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. USAA Federal Savings Bank's Tier 1 capital ratio of 15.96% and nonperforming loan ratio of 1.02% indicate a low 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 USAA Federal Savings Bank is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #32188). 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.
USAA Federal Savings Bank holds $111.7B in total assets and $98.1B in total deposits. It is headquartered in Phoenix, Arizona (FDIC Certificate #32188).
USAA Federal Savings Bank has a Tier 1 capital ratio of 15.96%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 1.02%, and the return on assets is 0.14%.
Yes. USAA Federal Savings Bank is FDIC-insured (Certificate #32188). 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 A grade on our Bank Health Score means 85+/100 — top-tier capital, low loan losses, strong liquidity. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
USAA Federal Savings Bank's metrics indicate solid financial health with no major stress signals — there's no current data-driven reason to move insured deposits. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.