# WEBBANK
SALT LAKE CITY, UT · FDIC certificate 34404 · asset band $1-10B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *funding-stretched*. Composite score 4 (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 | $2.86B | |
| Deposits | $2.26B | |
| Loans and leases | $2.43B | |
| Total equity | $479.3M | |
| Loans / deposits | 106.38% (p94 of band) | 87.10% |
| Liquid assets / assets | 10.20% (p6 of band) | |
| Uninsured deposits / deposits | 13.87% (p8 of band) | 30.76% |
| Brokered deposits | 62.47% | |
| Wholesale funding | 62.66% (p99 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 17.39% (p96 of band) | 10.50% |
| Unrealized securities loss / equity | 0.16% (p99 of band) | -7.75% |
| AOCI / equity | 0.00% (p77 of band) | |
| ROA (annualized) | 4.68% (p99 of band) | 1.26% |
| Net interest margin | 15.79% (p99 of band) | 3.70% |
| Efficiency ratio | 63.14% (p64 of band) | |
| Noncurrent loans | 0.51% (p50 of band) | 0.51% |
| Net charge-offs (annualized) | 0.34% (p91 of band) | |
| Reserve coverage of noncurrent | 197.47% | |
| Real estate % of loans | 0% | |
| Construction % of loans | 0.00% (p2 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p35 of band) | |
| Deposits YoY | 33.7% | |
| Employees | 257 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **charge-offs p90** (`aq_nco`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 4 | brokered >10%, wholesale funding >15%, charge-offs p90, reserve under noncurrent |  |
| 2011-06 | 3 |  | charge-offs p90 |
| 2011-09 | 3 | charge-offs p90 | reserve under noncurrent |
| 2011-12 | 4 | capital falling, reserve under noncurrent | charge-offs p90 |
| 2012-03 | 3 |  | capital falling |
| 2012-06 | 3 |  |  |
| 2012-09 | 2 |  | reserve under noncurrent |
| 2012-12 | 3 | reserve under noncurrent |  |
| 2013-03 | 3 |  |  |
| 2013-06 | 3 |  |  |
| 2013-09 | 4 | noncurrent p90 |  |
| 2013-12 | 3 |  | noncurrent p90 |
| 2014-03 | 4 | capital falling |  |
| 2014-06 | 3 |  | capital falling |
| 2014-09 | 2 |  | reserve under noncurrent |
| 2014-12 | 3 | capital falling |  |
| 2015-03 | 3 |  |  |
| 2015-06 | 2 |  | capital falling |
| 2015-09 | 2 |  |  |
| 2015-12 | 2 |  |  |
| 2016-03 | 3 | loans exceed deposits |  |
| 2016-06 | 3 | reserve under noncurrent | loans exceed deposits |
| 2016-09 | 2 |  | reserve under noncurrent |
| 2016-12 | 2 |  |  |
| 2017-03 | 3 | capital falling |  |
| 2017-06 | 2 |  | capital falling |
| 2017-09 | 3 | charge-offs p90 |  |
| 2017-12 | 4 | capital falling |  |
| 2018-03 | 4 |  |  |
| 2018-06 | 3 |  | capital falling |
| 2018-09 | 3 |  |  |
| 2018-12 | 3 |  |  |
| 2019-03 | 3 |  |  |
| 2019-06 | 4 | capital falling |  |
| 2019-09 | 3 |  | capital falling |
| 2019-12 | 3 |  |  |
| 2020-03 | 3 |  |  |
| 2020-06 | 5 | loans exceed deposits, liquid assets <10%, deposits shrinking | brokered >10% |
| 2020-09 | 6 | uninsured deposits leaving |  |
| 2020-12 | 6 |  |  |
| 2021-03 | 5 |  | uninsured deposits leaving |
| 2021-06 | 6 | capital falling |  |
| 2021-09 | 6 | brokered >10%, assets shrinking | deposits shrinking, capital falling |
| 2021-12 | 5 |  | liquid assets <10% |
| 2022-03 | 6 | capital falling |  |
| 2022-06 | 6 |  |  |
| 2022-09 | 4 |  | loans exceed deposits, assets shrinking |
| 2022-12 | 4 |  |  |
| 2023-03 | 4 |  |  |
| 2023-06 | 4 |  |  |
| 2023-09 | 5 | noncurrent p90 |  |
| 2023-12 | 3 |  | capital falling, noncurrent p90 |
| 2024-03 | 3 |  |  |
| 2024-06 | 4 | deposits shrinking |  |
| 2024-09 | 8 | noncurrent p90, reserve under noncurrent, assets shrinking, uninsured deposits leaving |  |
| 2024-12 | 10 | loans exceed deposits, liquid assets <10% |  |
| 2025-03 | 8 |  | noncurrent p90, liquid assets <10% |
| 2025-06 | 6 |  | assets shrinking, uninsured deposits leaving |
| 2025-09 | 6 | liquid assets <10%, capital falling | deposits shrinking, reserve under noncurrent |
| 2025-12 | 4 |  | loans exceed deposits, liquid assets <10% |
| 2026-03 | 5 | loans exceed deposits |  |
| 2026-06 | 4 |  | capital falling |

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

- 2026-07-28 [Rent fintech Flex applies for ILC charter - Banking Dive](https://news.google.com/rss/articles/CBMitwFBVV95cUxNY2hhSVJxcl9JUkFNT2hlSkhlRzV6cXp5eVprSFBHRk1hdVZyYzRiZ1g5RE9va2dtem9BUl9OMVFJQmxxeFhTRUprNTB5ZW1iOGs3NFJ2UEdCNXZWeU40Wlkzb0ptcloxd0hCOXVvTEJDcVczSE45OHdJUzNmRG1TczZQNTk3djdObTRFeVRiczZ1RmJJZkkxblNWR2F5S3ZsQjJiRzZySmQ2eXdSZFBnZktMTENCblk?oc=5) · Banking Dive
- 2026-03-30 [WebBank Announces Erik Cannon Named EVP – Chief Operations Officer - Business Wire](https://news.google.com/rss/articles/CBMivgFBVV95cUxOckFrWVBqUTI4cldfTG1ONTNMdXFhLXRxR1Z1MkU2VTdQTGlfNFJuempEeFE1U1MxWF9HbXludVlzZUE0R2tKckk3ZkRLTFlTd0t5TFlpYXh5bHR0QlpPT1l4akFQQWdpUDZiclZEdncxdURYakg1ajFGN3RlV3JlNzEwMFgyOWRHV3k2Y2dsdW5KTGhPQWtHckFwM0ljRWYwM1NfS2VnSU9tbGROSkZXUUNzRERhU1hjd01mWENR?oc=5) · Business Wire
- 2026-03-26 [What Is WebBank and Are Its Credit Cards Right for You? - NerdWallet](https://news.google.com/rss/articles/CBMibkFVX3lxTE5VT1NLZHhWZFhYTkx5T01vSG45QzJSMGllQjEyRE9LUWVLX1dpR0FmeWNKam9WOTVobU5pVW9hRmc0NXJiSGJ3NklHZDBDVzdtVHR0eVBfZjMwdVdub3djTV9JeVlfYTlBN1ZiNmRR?oc=5) · NerdWallet
- 2025-10-28 [BMG Money Secures $300 Million Financing Facility with WebBank, Bringing Total Financing Capacity to Approximately $1 Billion - Business Wire](https://news.google.com/rss/articles/CBMikwJBVV95cUxPV0ZnNU1KOWdseTlJeThrYjNwLWZxSV9weHNUR3ZOaFJsYkFnakFSSkItelBDeXRaV05FQ2lSbWJZWlh0ejNCd1Bhc2xyaHZWdTVQRlFLSjdFLVBSeFRZNl9pQ1RVQmRLeVR3NUloMUEyV3pIZnNGdllWSGloekY2SGg2UUpZc0pleGhpZXV3SFNTaDdaSWRiVC1MS0k0UHRjSE40MFBDMnFUbkVHY3hSNjA5Z0RFNm5IUTNMWXZXeHJTOHg2ZjUzQ1F4N21oUklybTRmX0lib1gydmZ5US1WekNnbE1BWmJuRU1QUWhmQUlmdGhNQVVfTVVFTkVacWhRYm1yVDZtUVR4UFgzSGExanBjTQ?oc=5) · Business Wire
- 2024-07-23 [WebBank Review - businessinsider.com](https://news.google.com/rss/articles/CBMie0FVX3lxTFBKUi16VHQ1bWVpOGxQMDBVcHVJZlFmaTVOSXpoT3VaMTJseDRsWFpOekdIdjBDSG44TVRQRFNIUUs1a3VnTk1tR2l2UWxabHBZOEJ2MU9xYlVOcFlGeDZxeGdwUXVweEFCQkpSN254aTJmOE5BMXZNUXZ4VQ?oc=5) · businessinsider.com
- 2022-06-13 [WebBank Makes a Strategic Investment in FinTech Platform iCreditWorks - PR Newswire](https://news.google.com/rss/articles/CBMiwwFBVV95cUxPcGJkQ3RscHFrbzFXUVNkMEJvNDZLY0xpdnlpdXZfMDAtT2pZaEVqYTVFSzVxV3htYnRhOWtrclFyVVR3d1EtNHRzcWpMZlJaRGdFNkd5ZWZEODd4eloyYmtUU3ctZXpBWnhPXzBZLUg5NnlaNC1IZ1prclRFbVlkdnZuejE3UjdDeHhTMWx4RG44Sk1QMEx2SWU1MmZNc0o3ZGYyeEdleEl2M2hMUUNObm1VdjA2NFhYbkNXcUlXVzA1Rnc?oc=5) · PR Newswire
- 2026-07-06 [Klarna seeks U.S. bank charter in latest push beyond buy now, pay later - CNBC](https://news.google.com/rss/articles/CBMinwFBVV95cUxNWUJzN0VhNHZzTGlGcU9hbmVtQVNHSVpvODZxX2NhZmxrZWtsQ1JjNVVmZXdnRDlMZVAtdUh0TUlNd1JUS2Z4RTR2UlRsRk9fMWJEVkRzMFJnM1R0V3Y1bXZwZjlvMmFlWWpKaWNzNFRnX2xLQmtBa3gtZGZub3UwSDViNzBjMXk5SU92VG1nRm5CcVRWNHhqUE9pWEdrMVHSAaQBQVVfeXFMUFlpbkVScVhjQ2l5aXJOZzRSUUxhWjZITkFMaHJqOHl3R3kxNHlEYllPdjRoZjN0T3M5aG44b1haYkZQSEVuWTJfdzZtTjVDejhOQkVRRWE3RGJiVDJ1X2liZHBCMm1oVjlOUHB1bzN4WlYzNGhvdURnQ1J0U2FzclNpWlBTaGNvYnFVbVVUb0VTYkZyWk1RbFpHSkxBZ0tzRVdQSHU?oc=5) · CNBC
- 2015-12-13 [Behind the Boom in Online Lending: A Tiny Utah Bank - wsj.com](https://news.google.com/rss/articles/CBMilAFBVV95cUxNT2w0VjMtUGZjQmdXa2ZCWDlnY2x0YldfNEEtck9STzlhRzVHUHpzaFN1MVJQWUZpQjhpYURKX25fVTM3emEtY3ZvV1E4MDRfamZvWGUyVjJOaU9kOGhSVVlSTE8zTXJBWXNsc0pLNlNsSzBsdWtTTTRURHdtakRtY3hfb2hkaUpsdEFWejFobi13S3ZL?oc=5) · wsj.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=34404 (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/36.json (key "34404", 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