VARO BANK NATIONAL ASSN
DRAPER, UTAH · FDIC Cert #59190
Capital & Safety Analysis
According to FDIC financial data, VARO BANK NATIONAL ASSN holds a Tier 1 capital ratio of 0.00%. This falls below the 6% threshold regulators require, which may subject VARO BANK NATIONAL ASSN to additional regulatory scrutiny.
Key Financial Metrics
What This Means For Your Money
VARO BANK NATIONAL ASSN shows average financial health. While not alarming, its Health Score of 55/100 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.
Frequently Asked Questions
VARO BANK NATIONAL ASSN has a Bank Health Score of C (55/100). It holds a Tier 1 capital ratio of 0.00%, which is below the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
VARO BANK NATIONAL ASSN holds $480M in total assets and $339M in total deposits. It is located in DRAPER, UTAH (FDIC Certificate #59190).
VARO BANK NATIONAL ASSN has a Tier 1 capital ratio of 0.00%, classifying it as "Critically Undercapitalized." The nonperforming loan ratio is 0.00%, and the return on assets is -11.95%.
Yes. VARO BANK NATIONAL ASSN is FDIC-insured (Certificate #59190). 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.