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BDI
VB

Varo Bank, National Association

Draper, UtahFDIC Cert #59190

OCCEstablished 20201 branch

Holding company: VARO MONEY INCRegulator: OCC

FDICCERT + OFFDOM

Delinquency, loss & reserves

Credit

Early-stage delinquency, nonaccruals, realized loss, and allowance coverage from reported filings.

As of Q1 2026

Problem credits

Reported delinquent and nonperforming exposures, shown as balances and ratios.

30–89 %
3.36%
+32.2%y/y
Peer standing3rd percentile
Peer standing in asset:300m_1b
FDICP3ASSET + LNLSGR
90+ %
0.53%
−6.1%y/y
Peer standing5th percentile
Peer standing in asset:300m_1b
FDICP9ASSET + LNLSGR
Nonaccrual %
0.00%
−100.0%y/y
Peer standing100th percentile
Peer standing in asset:300m_1b
FDICNAASSET + LNLSGR
Noncurrent %
0.53%
−7.9%y/y
Peer standing44th percentile
Peer standing in asset:300m_1b
FDICP9ASSET + NAASSET + LNLSGR
NPA/assets
0.14%
+3.4%y/y
Peer standing67th percentile
Peer standing in asset:300m_1b
FDICP9ASSET + NAASSET + ORE + ASSET
NPA
$535K
+9.0%y/y
Peer standing72nd percentile
Peer standing in asset:300m_1b
FDICP9ASSET + NAASSET + ORE

Loss & allowance

Recognized charge-offs and the allowance held against the loan portfolio.

NCO rate
31.52%
+59.1%y/y
Peer standing0th percentile
Peer standing in asset:300m_1b
FDICNTLNLS + LNLSGR
NCO
$7.14M
+97.9%y/y
Peer standing0th percentile
Peer standing in asset:300m_1b
FDICNTLNLS + DRLNLS + CRLNLS
ACL/loans
9.50%
+65.5%y/y
Percentile by value100th percentileby value
Peer standing in asset:300m_1b
FDICLNATRES + LNLSGR
30–89
$3.38M
+56.4%y/y
Peer standing27th percentile
Peer standing in asset:300m_1b
FDICP3ASSET
90+
$535K
+11.0%y/y
Peer standing15th percentile
Peer standing in asset:300m_1b
FDICP9ASSET
Nonaccrual
$0
−100.0%y/y
Peer standing100th percentile
Peer standing in asset:300m_1b
FDICNAASSET