# USAA FEDERAL SAVINGS BANK
PHOENIX, AZ · FDIC certificate 32188 · asset band >$100B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *run candidate*. Composite score 2 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $106.19B | |
| Deposits | $91.97B | |
| Loans and leases | $46.22B | |
| Total equity | $5.82B | |
| Loans / deposits | 48.19% (p25 of band) | 72.53% |
| Liquid assets / assets | 55.26% (p88 of band) | |
| Uninsured deposits / deposits | 5.19% (p3 of band) | 42.66% |
| Brokered deposits | 0.03% | |
| Wholesale funding | 5.97% (p25 of band) | |
| FHLB advances / assets | 4.95% | |
| Tier 1 leverage | 9.29% (p44 of band) | 9.44% |
| Unrealized securities loss / equity | -70.15% (p3 of band) | -9.97% |
| AOCI / equity | 1.31% (p97 of band) | |
| ROA (annualized) | 0.90% (p9 of band) | 1.18% |
| Net interest margin | 5.30% (p91 of band) | 3.14% |
| Efficiency ratio | 69.23% (p91 of band) | |
| Noncurrent loans | 1.07% (p72 of band) | 0.85% |
| Net charge-offs (annualized) | 0.87% (p88 of band) | |
| Reserve coverage of noncurrent | 384.18% | |
| Real estate % of loans | 7% | |
| Construction % of loans | 0.00% (p9 of band) | |
| Auto loans | $17.42B (37.70% of loans; DQ 0.70%, NCO 0.09%) | |
| Loans to nondepository financials | $0 (0% of equity) (p3 of band) | |
| Deposits YoY | -0.9% | |
| Employees | 11883 | |

## Flags firing in the latest filing

- **securities losses >30% of equity** (`cap_secloss`)
- **expense ratio p90** (`earn_efficiency`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | securities losses >30% of equity |  |
| 2011-06 | 3 | brokered >10%, auto book souring |  |
| 2011-09 | 3 |  |  |
| 2011-12 | 3 |  |  |
| 2012-03 | 3 | capital falling | securities losses >30% of equity |
| 2012-06 | 2 |  | capital falling |
| 2012-09 | 2 |  |  |
| 2012-12 | 2 |  |  |
| 2013-03 | 3 | capital falling |  |
| 2013-06 | 2 |  | capital falling |
| 2013-09 | 2 |  |  |
| 2013-12 | 2 |  |  |
| 2014-03 | 3 | capital falling |  |
| 2014-06 | 2 |  | capital falling |
| 2014-09 | 2 |  |  |
| 2014-12 | 1 |  | brokered >10% |
| 2015-03 | 1 |  |  |
| 2015-06 | 1 |  |  |
| 2015-09 | 1 |  |  |
| 2015-12 | 1 |  |  |
| 2016-03 | 2 | capital falling |  |
| 2016-06 | 3 | charge-offs p90 |  |
| 2016-09 | 2 | brokered >10% | capital falling, charge-offs p90 |
| 2016-12 | 2 |  |  |
| 2017-03 | 4 | capital falling, charge-offs p90 |  |
| 2017-06 | 3 |  | charge-offs p90 |
| 2017-09 | 4 | charge-offs p90, uninsured deposits leaving | capital falling |
| 2017-12 | 4 |  |  |
| 2018-03 | 4 |  |  |
| 2018-06 | 4 |  |  |
| 2018-09 | 3 |  | uninsured deposits leaving |
| 2018-12 | 3 | expense ratio p90 | brokered >10% |
| 2019-03 | 4 | brokered >10% |  |
| 2019-06 | 5 | capital falling |  |
| 2019-09 | 3 |  | brokered >10%, capital falling |
| 2019-12 | 3 |  |  |
| 2020-03 | 3 | capital falling | expense ratio p90 |
| 2020-06 | 5 | expense ratio p90, noncurrent p90 |  |
| 2020-09 | 7 | losing money, reserve under noncurrent |  |
| 2020-12 | 7 |  |  |
| 2021-03 | 4 |  | auto book souring, charge-offs p90, capital falling |
| 2021-06 | 5 | auto book souring |  |
| 2021-09 | 4 |  | auto book souring |
| 2021-12 | 5 | auto book souring |  |
| 2022-03 | 6 | capital falling, AOCI drag >20% of equity, securities losses >30% of equity | losing money, auto book souring |
| 2022-06 | 5 | auto book souring | reserve under noncurrent, capital falling |
| 2022-09 | 6 | assets shrinking |  |
| 2022-12 | 4 |  | noncurrent p90, auto book souring |
| 2023-03 | 6 | losing money, deposits shrinking, uninsured deposits leaving | AOCI drag >20% of equity |
| 2023-06 | 5 | capital falling | assets shrinking, losing money |
| 2023-09 | 6 | losing money, auto book souring | capital falling |
| 2023-12 | 3 |  | deposits shrinking, uninsured deposits leaving, auto book souring |
| 2024-03 | 5 | capital falling, auto book souring |  |
| 2024-06 | 4 |  | losing money |
| 2024-09 | 3 |  | capital falling |
| 2024-12 | 4 | losing money |  |
| 2025-03 | 3 | capital falling | auto book souring, losing money |
| 2025-06 | 3 | deposits shrinking | capital falling |
| 2025-09 | 2 |  | deposits shrinking |
| 2025-12 | 3 | uninsured deposits leaving |  |
| 2026-03 | 2 |  | uninsured deposits leaving |
| 2026-06 | 2 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-02-27 [USAA Federal Savings Bank bounces back after some tough years, regulator scrutiny - San Antonio Express-News](https://news.google.com/rss/articles/CBMipwFBVV95cUxOeElxVWQwbmFjUFQ5OU44QllWV3F3MF84bFR4bUVWRGhjWUNqakZhYURubUNnUllvMWpweDI1REtlLTg1ZndsYUw4UHhzYk9lWjhsdDRsenp1ZklXbGJJRWpTOE16RXBaeTNvY3REeUFYc2RLQVZjaTFJbURCRC1qSEZ2WEJ0SDNoaU5zd28zcGpRWnlTdkZfSVk3RDRuX19md0xZZy1SYw?oc=5) · San Antonio Express-News
- 2024-09-26 [USAA Federal Savings Bank shifts headquarters to Phoenix, keeps San Antonio operations - WOAI](https://news.google.com/rss/articles/CBMi_AFBVV95cUxPMzRrQy1QUURpU19Hd2N1aFN0T3hWLVVNVS0wMnV1NUlFYVlFbnc1aGhhUi1KMnJadEdJY2M0UExCaDJYUGR0TkFuZkZrc0pVeVl1QlB1bjVnOGVqdU1jT1N3WnZydFpuWW1mNEFkajMyUURKYVh4RmVGdjd3TUxVU3hyaGszMW1zc3A4bm1jcUhDRDZHcDg1REhiV1E0MDY4RkdVeWJKQVZZS0hmTVFBNWV3LUNrWTJFM2Z0LXlVVy1FTFQyWTJTSVRpcGs1Uy1RVDB0UUhsNHYxXzAtYVZOOFROVU5DMldReU9pNTZpM29PZGFqZVBEb3Qzbm8?oc=5) · WOAI
- 2026-02-27 [USAA's turbulence masks growth at San Antonio's other top banks - The Business Journals](https://news.google.com/rss/articles/CBMikgFBVV95cUxQdEN2aENqcDQzNUtKOUpXdHlYeW5MdEN0Rl9OM3ZzNFpQRzdFUEtZN1JpLXlHWXhNdkVqZUo0bXZ5ZjIzV21GWmlLbUpDRllKYVd4NDVBUnNFTm1ZM0tWdFJhY0pUSGxJQVRBMElfOFdBcE9wS2VtdndMazl1dDM4YlpWV3VKWHV1YUVrdWtTRndYZw?oc=5) · The Business Journals
- 2024-12-19 [ENFORCEMENT ACTIONS—OCC imposes cease-and-desist order against USAA Federal Savings Bank - vitallaw.com](https://news.google.com/rss/articles/CBMi7AFBVV95cUxQUGMxT01GSTFoUHNJNUhsbGEybEQ0bE9Ra2s1SGRlWnVzaDYxTHRqTW5lc25pYWhVd3JSUXNzUVdraHkyRm8tQk05VUdhbHJJbWR0Nlp0b3JRRlFYam1ySHhUVTIwYTIyb0lKMmxpSTFfZmJmelFPcm4tb3dxaGsyR043aFFPUnE5V0Y3SGhHRzVPX0FrRmcxU015Qm1FWUk5bUNDbVh4U0xBdXJLZ3A0a1FXam50aWROUmpsS0JPWkRJUW5sNkh5T1JNQ2FxNl9wMkhwazJQcWxLcUFSRjlNQ2pCcE9TQ2t4SFYyWA?oc=5) · vitallaw.com
- 2024-12-21 [USAA Federal Savings Bank hit with cease-and-desist from US regulator - mysanantonio.com](https://news.google.com/rss/articles/CBMirgFBVV95cUxQNDZCSGpxN1g3TnF3TjBqZU14bXRFZnRlVTNFQ2RHUWViMTRoRDVCTWhWQ2taeXNidkN0Z1g0bFZ4V1AxbDZGSHJDeTBPWTZQdEE5OGg1cTJlOHJaWUI1bzBPUDFDLTNZaXBqX3J3MnBKY2cxU1kzdnF1NWl2MjNwbUxoZk5fc1QtRmNwSGtVVFBNRFNzS011emUySlNQMjByYVZRUzRzQnJ5UnNwM1E?oc=5) · mysanantonio.com
- 2024-09-26 [USAA Federal Savings Bank has quietly changed its headquarters from San Antonio to Phoenix - San Antonio Express-News](https://news.google.com/rss/articles/CBMiowFBVV95cUxPRTE3M2JYWWt4b1BTX28xZUNERmlONzY0ZlFxcS1zSUJoMEh2cUNiQUFrbk0zMExDYkc5SGR2QmF4VzU2ZWRUZWpsZnVEQ1Q4MWgzUUlVdHd5dTVibnJmOE0zVXFRTVY4dWxKWF9ISE5jQ3JtN0hBRU1IMldleUppdWJkOWF6OHBXZmRSZXgwejRTeUg0VEdZNHc0eVBYcy1RNTF3?oc=5) · San Antonio Express-News
- 2024-09-27 [USAA quietly relocated its banking business out of San Antonio this spring - San Antonio Current](https://news.google.com/rss/articles/CBMitgFBVV95cUxQdF9zRE43UGVGeHVPRXZxOGNUMmZza01tSnplallkVnBfLUlHYWRZMHpEeHliNkdTWHlZZHFucmx0U19TUmcwT1NwUTRwcUlncGczTUtkTXRFQm56Ty10NWhTcDhOZklnZ3dxbEZwMVUzSUVPYUk0cGs0bk9adlhJYnlWNTVqWlNYWWZKU1hwZGhMaFNCZzU3Q2oyQV9zQk1wRkxOdWctNE9JWlc0MndrMkc3eExvUQ?oc=5) · San Antonio Current
- 2022-04-28 [Arizona man targeted by scammers posing as USAA bank - AZ Family](https://news.google.com/rss/articles/CBMijwFBVV95cUxQUGRaMktYVVhRU1Nza29ZVVZTWVFXTWJzdUllV0ZpT0pzTGRCVWx2UmtCT2lwbkhYMm1ZQUhIQkF3bks0anZSY09FZGZtZ0ZYYnlOOXR0c3JEYy1qVUNWMUdXU3lTRHptNDJhaU5GWTZHX3g5M1VVZVMzQ2tLbzlEU2ZYUVhvWU5fTWlkelBRc9IBowFBVV95cUxNNWUwa3E0a0JGOUx6UThGSXExeUl4TnRyWXhhOVRVUFhHeE9fTnl0c05ud1NWREIzWEZvTjFSaDY2Z0JobW40aEpzdEdTc2xaUzRSaXRpeXpQejZSV3RHeTVmLXlZVU5DZmRtUHNWMHlUTW1tc1FyUkVnTW5HTERkQ2FSMUpQQktwZ25McDVKaEN2ZFVMTGRoekZXV3NRRzJtOXU4?oc=5) · AZ Family

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=32188 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/60.json (key "32188", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide