🏦Bank Scorer

VARO BANK, NATIONAL ASSOCIATION

DRAPER, UT · Supervised by OCC (Office of the Comptroller of the Currency)

Est. 2020FDIC #59,190
Satisfactory

Current rating · Exam: February 2023

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At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Needs Attention

ROA -24.68%

Institution Profile

FDIC BankFind

Address

11781 S Lone Peak Pkwy, DRAPER, UT

County

Salt Lake County

Established

August 1, 2020

Total Assets

$374M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

February 27, 2023

Exam Type

Strategic Plan

Regulator

OCC (Office of the Comptroller of the Currency)
What is a CRA rating? →
Estimated next exam:Feb 2028(based on asset size)
Download Evaluation Report (PDF)

Financial Snapshot

As of Q1 2026Call Report / FDIC

Total Assets

$374M

Total Deposits

$220M

Net Loans

$91M

Net Income

$-23,147K

ROA

-24.68%

ROE

-99.49%

Risk-Based Capital

0.00%

Regulatory minimum: 8%

Branch Footprint

FDIC SOD 2025

Total Branches

1

Branch Deposits

$161M

1-Year Change

0

5-year net change: +1 branches

This is the only examination on record for this bank.

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