Varo Bank, N.A.: Liquidity and Borrowings
Data as of · Call Report Schedules RC and RC-M How we update
Cash, the assets that can be turned into cash, and the borrowed money standing behind the deposit base. Heavy reliance on non-core wholesale funding is what turns a deposit outflow into a forced sale of securities.
Cash and balances due from depository institutions dropped 16.3% in Q2 2026, from $214.1M to $179.3M. It was the largest change from Q1 2026 among the key lines here. Varo Bank, N.A. ranks 39th of 44 Utah banks on loan-to-deposit ratio, in the lower half at 46.27% (Q2 2026). Varo Bank, N.A. reported 46.27% on loan-to-deposit ratio for Q2 2026, 34.57 points below the 80.84% median for banks in the $100M-1B asset tier.
Liquid assets
| Line item | Q2 2026 |
|---|---|
| Cash and balances due from depository institutions | $179.3M |
| Cash and noninterest-bearing balances to assets | — |
| Cash and securities | $209.1M |
| Fed funds sold and reverse repos | $0 |
| Fed funds sold and reverse repos to assets | 0.00% |
Borrowed funds
| Line item | Q2 2026 |
|---|---|
| Fed funds purchased and repos | $0 |
| Other borrowed money | $0 |
| Subordinated notes and debentures | $0 |
| Other borrowed money to assets | 0.00% |
| Trading liabilities | $0 |
Funding structure
| Line item | Q2 2026 |
|---|---|
| Loan-to-deposit ratio | 46.27% |
| Net loans and leases to deposits | 41.65% |
| Loans and leases to core deposits | 46.27% |
| Core deposits to total deposits | 100.00% |
| Brokered deposits to total deposits | 0.00% |
Liquidity and Borrowings trend
Last 12 quarters as filed. Every value plotted here also appears in the tables above.
Liquidity and Borrowings by quarter
| Quarter | Loan-to-deposit | Core deposits share | Fed funds purchased and repos | Other borrowed money |
|---|---|---|---|---|
| Q3 2023 | 13.24% | 100.00% | $0 | $0 |
| Q4 2023 | 16.33% | 100.00% | $0 | $0 |
| Q1 2024 | 16.71% | 100.00% | $0 | $0 |
| Q2 2024 | 19.67% | 100.00% | $0 | $0 |
| Q3 2024 | 23.79% | 100.00% | $0 | $0 |
| Q4 2024 | 22.90% | 100.00% | $0 | $0 |
| Q1 2025 | 39.66% | 100.00% | $0 | $0 |
| Q2 2025 | 52.08% | 100.00% | $0 | $0 |
| Q3 2025 | 54.80% | 100.00% | $0 | $0 |
| Q4 2025 | 45.27% | 100.00% | $0 | $0 |
| Q1 2026 | 45.75% | 100.00% | $0 | $0 |
| Q2 2026 | 46.27% | 100.00% | $0 | $0 |
Varo Bank, N.A. liquidity and borrowings, all the way back
Liquidity and Borrowings back to 2001 · peer percentiles on every line item · Excel export
Unlock Varo Bank, N.A., freeSource: Call Report Schedules RC and RC-M, as filed with the FFIEC and standardized by BankRegReports. Dollar amounts are as reported, point-in-time; income statement items are year-to-date through the report date. See the full Varo Bank, N.A. profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 59190) · FFIEC NIC profile (RSSD 5518023)