BlastPoint's Banking Scorecard
Varo Bank, National Association
Micro
Specialty: Other
UT
FDIC cert 59190
Designations: ✓ Community bank
Draper, UT
2498
banks in Micro tier nationally
9 in UT
View Micro leaderboard (UT) →
Varo Bank, National Association has 3 strengths but faces 1 concern
Key Strengths
Areas where this bank excels compared to peers
- + Net Interest Margin 2.66% above tier
- + Loan-to-Deposit Ratio 33.41% below tier
- + Non-Interest-Bearing Deposit Share 48.18% above tier
Key Concerns
Areas that may need attention
- - Efficiency Ratio 71.55% above tier
Core Metrics
As of 2025-Q4
| Metric | Current | vs Tier | Tier Avg | State Avg (UT) | National Avg | Tier Percentile |
|---|---|---|---|---|---|---|
| Total Assets ? |
$376.2M
-16.0% YoY
+36.5% QoQ
|
+$158.7M |
$217.5M
+2.3% YoY
|
$27.8B
+4.3% YoY
|
$5.9B
+6.5% YoY
|
85% |
| Total Loans ? |
$86.9M
+20.5% YoY
+8.1% QoQ
|
-$52.3M |
$139.2M
+2.8% YoY
|
$18.4B
+5.7% YoY
|
$3.1B
+8.5% YoY
|
37% |
| Total Deposits ? |
$211.4M
-37.2% YoY
+32.4% QoQ
|
+$27.8M |
$183.7M
+1.8% YoY
|
$22.6B
+4.5% YoY
|
$4.7B
+6.3% YoY
|
62% |
| Return on Assets ? |
-26.42%
-93.1% YoY
+5.1% QoQ
|
-27.51% |
1.08%
+14.7% YoY
|
1.81%
-9.1% YoY
|
1.12%
+15.6% YoY
|
- |
| Net Interest Margin ? |
6.51%
+147.1% YoY
+1.5% QoQ
|
+2.66% |
3.85%
+6.6% YoY
|
5.42%
-7.6% YoY
|
3.75%
+7.1% YoY
|
Top 1% in tier |
| Efficiency Ratio ? |
139.28%
+6.3% YoY
-3.7% QoQ
|
+71.55% |
67.73%
-4.8% YoY
|
52.17%
+2.9% YoY
|
65.09%
-5.1% YoY
|
Bottom 1% in tier |
| Delinquency Rate ? |
0.84%
+156.0% YoY
-4.0% QoQ
|
+0.20% |
0.64%
+24.4% YoY
|
1.05%
-14.1% YoY
|
0.66%
+20.3% YoY
|
33% |
| Loan-to-Deposit Ratio ? |
41.12%
+91.9% YoY
-18.3% QoQ
|
-33.41% |
74.53%
+0.5% YoY
|
84.36%
-0.6% YoY
|
78.04%
+0.7% YoY
|
Top 7% in tier |
| Non-Interest-Bearing Deposit Share ? |
70.57%
+37.2% YoY
+0.5% QoQ
|
+48.18% |
22.39%
-1.3% YoY
|
13.04%
-1.8% YoY
|
21.79%
-1.3% YoY
|
Top 1% in tier |
| Nonperforming Asset Ratio ? |
0.19%
+267.0% YoY
-23.9% QoQ
|
-0.26% |
0.45%
+25.1% YoY
|
0.58%
-21.1% YoY
|
0.48%
+20.8% YoY
|
57% |
| Tier 1 Capital Ratio ? | 0.00% | -8.85% |
8.85%
-3.4% YoY
|
9.83%
-1.9% YoY
|
9.75%
-1.9% YoY
|
51% |
| Non-Interest Income / Assets ? |
36.02%
+15.9% YoY
-1.8% QoQ
|
+35.46% |
0.56%
+0.3% YoY
|
1.76%
-7.5% YoY
|
0.65%
+0.6% YoY
|
- |
Signature Analysis
Strengths (3)
Net Interest Margin
metric
Top 1%
in Micro
Why this stands out
Current:
6.51%
(Tier avg: 3.85%, National avg: 3.75%)
Loan-to-Deposit Ratio
metric
Top 7%
in Micro
Why this stands out
Current:
41.12%
(Tier avg: 74.53%, National avg: 78.04%)
Non-Interest-Bearing Deposit Share
metric
Top 1%
in Micro
Why this stands out
Current:
70.57%
(Tier avg: 22.39%, National avg: 21.79%)
Concerns (1)
Efficiency Ratio
metric
Bottom 1%
in Micro
Why this stands out
Current:
139.28%
(Tier avg: 67.73%, National avg: 65.09%)
Metric Rankings
How this bank ranks across all 12 tracked metrics. Switch cohort to compare against different peer sets.
Strengths: Metrics in the top 25% (75th percentile or higher) Concerns: Metrics in the bottom 25%
Top Strengths
100
100th pctile
Non-Interest-Bearing Deposit Share
Current: 70.57% · Tier avg: 22.39%
99
99th pctile
Net Interest Margin
Current: 6.51% · Tier avg: 3.85%
93
93th pctile
Loan-to-Deposit Ratio
Current: 41.12% · Tier avg: 74.53%
85
85th pctile
Total Assets
Current: $376.2M · Tier avg: $217.5M
62
62th pctile
Total Deposits
Current: $211.4M · Tier avg: $183.7M
57
57th pctile
Nonperforming Asset Ratio
Current: 0.19% · Tier avg: 0.45%
51
51th pctile
Tier 1 Capital Ratio
Current: 0.00% · Tier avg: 8.85%
37
37th pctile
Total Loans
Current: $86.9M · Tier avg: $139.2M
33
33th pctile
Delinquency Rate
Current: 0.84% · Tier avg: 0.64%
0
0th pctile
Efficiency Ratio
Current: 139.28% · Tier avg: 67.73%
Top Weaknesses
0
0th pctile
Efficiency Ratio
Current: 139.28% · Tier avg: 67.73%
33
33th pctile
Delinquency Rate
Current: 0.84% · Tier avg: 0.64%
37
37th pctile
Total Loans
Current: $86.9M · Tier avg: $139.2M
51
51th pctile
Tier 1 Capital Ratio
Current: 0.00% · Tier avg: 8.85%
57
57th pctile
Nonperforming Asset Ratio
Current: 0.19% · Tier avg: 0.45%
62
62th pctile
Total Deposits
Current: $211.4M · Tier avg: $183.7M
85
85th pctile
Total Assets
Current: $376.2M · Tier avg: $217.5M
93
93th pctile
Loan-to-Deposit Ratio
Current: 41.12% · Tier avg: 74.53%
99
99th pctile
Net Interest Margin
Current: 6.51% · Tier avg: 3.85%
100
100th pctile
Non-Interest-Bearing Deposit Share
Current: 70.57% · Tier avg: 22.39%