Varo Bank, N.A.: Loan Portfolio
Data as of · Call Report Schedule RC-C How we update
The loan book by category. Concentration is what supervisors read here: a portfolio weighted heavily toward one collateral type carries that sector's cycle, which is the mechanism behind most community-bank failures.
Credit cards dropped 4.05 percentage points in Q2 2026, from 42.44% to 38.39%. 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). The median for banks in the $100M-1B asset tier is 80.84% on loan-to-deposit ratio. Varo Bank, N.A. sits 34.57 points lower, at 46.27% (Q2 2026).
Loan totals
| Line item | Q2 2026 |
|---|---|
| Total loans and leases | $97.1M |
| Net loans and leases | $87.4M |
| Loans held for sale | $0 |
| Loans to total assets | 28.74% |
| Loan-to-deposit ratio | 46.27% |
| Net loans to equity capital | 1.27% |
Portfolio mix (share of total loans)
| Line item | Q2 2026 |
|---|---|
| Commercial real estate (nonfarm nonresidential) | 0.00% |
| Multifamily (5+ residential) | 0.00% |
| Commercial and industrial | 0.00% |
| Consumer | 99.42% |
| Credit cards | 38.39% |
| Farm | 0.00% |
| Loans to depository institutions | 0.00% |
| State and political subdivisions | 0.00% |
Concentration measures
| Line item | Q2 2026 |
|---|---|
| CRE concentration (Tier 1 capital + allowance) | 0.00% |
| Construction concentration (Tier 1 capital + allowance) | 0.00% |
Supervisory definition (FFIEC UBPR page 7B): construction and land development, multifamily, non-owner-occupied nonfarm nonresidential and unsecured CRE loans, over Tier 1 capital plus the allowance for credit losses. Owner-occupied CRE and farmland are excluded. The 2006 interagency guidance flags CRE above 300% of capital, or construction and development above 100%, for heightened supervisory scrutiny. These are screening thresholds, not limits.
Loan earnings
| Line item | Q2 2026 |
|---|---|
| Yield on loans | — |
| Interest income on loans | $3.7M |
Loan Portfolio trend
Last 12 quarters as filed. Every value plotted here also appears in the tables above.
Loan Portfolio by quarter
| Quarter | Total loans | Total deposits | Commercial real estate | Commercial and industrial | Consumer |
|---|---|---|---|---|---|
| Q3 2023 | $45.8M | $346.2M | 0.00% | 0.00% | 96.70% |
| Q4 2023 | $53.0M | $324.3M | 0.00% | 0.00% | 98.68% |
| Q1 2024 | $63.4M | $379.1M | 0.00% | 0.00% | 98.99% |
| Q2 2024 | $66.7M | $339.2M | 0.00% | 0.00% | 98.70% |
| Q3 2024 | $71.9M | $302.4M | 0.00% | 0.00% | 98.89% |
| Q4 2024 | $77.1M | $336.8M | 0.00% | 0.00% | 99.19% |
| Q1 2025 | $85.1M | $214.7M | 0.00% | 0.00% | 99.39% |
| Q2 2025 | $84.0M | $161.2M | 0.00% | 0.00% | 99.21% |
| Q3 2025 | $87.5M | $159.7M | 0.00% | 0.00% | 98.74% |
| Q4 2025 | $95.7M | $211.4M | 0.00% | 0.00% | 99.41% |
| Q1 2026 | $100.7M | $220.1M | 0.00% | 0.00% | 99.29% |
| Q2 2026 | $97.1M | $209.8M | 0.00% | 0.00% | 99.42% |
Varo Bank, N.A. loan portfolio, all the way back
Loan Portfolio back to 2001 · peer percentiles on every line item · Excel export
Unlock Varo Bank, N.A., freeSource: Call Report Schedule RC-C, 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)