# WEX BANK
SANDY, UT · FDIC certificate 34697 · asset band $10-100B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *funding-stretched*. Composite score 3 (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 | $10.71B | |
| Deposits | $7.91B | |
| Loans and leases | $4.38B | |
| Total equity | $856.1M | |
| Loans / deposits | 54.70% (p8 of band) | 85.78% |
| Liquid assets / assets | 56.53% (p93 of band) | |
| Uninsured deposits / deposits | 13.76% (p17 of band) | 38.39% |
| Brokered deposits | 13.42% | |
| Wholesale funding | 29.12% (p95 of band) | |
| FHLB advances / assets | 14.31% | |
| Tier 1 leverage | 8.93% (p19 of band) | 10.17% |
| Unrealized securities loss / equity | -9.68% (p35 of band) | -7.43% |
| AOCI / equity | -7.11% (p2 of band) | |
| ROA (annualized) | 4.30% (p99 of band) | 1.24% |
| Net interest margin | 10.58% (p98 of band) | 3.57% |
| Efficiency ratio | 57.30% (p63 of band) | |
| Noncurrent loans | 0.44% (p25 of band) | 0.66% |
| Net charge-offs (annualized) | 0.77% (p93 of band) | |
| Reserve coverage of noncurrent | 292.63% | |
| Real estate % of loans | 0% | |
| Construction % of loans | 0.00% (p6 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p8 of band) | |
| Deposits YoY | 21.4% | |
| Employees | 82 | |

## Flags firing in the latest filing

- **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 | loans exceed deposits, brokered >10%, wholesale funding >15%, liquid assets <10% |  |
| 2011-06 | 5 | reserve under noncurrent |  |
| 2011-09 | 5 | capital falling | reserve under noncurrent |
| 2011-12 | 5 |  |  |
| 2012-03 | 5 | charge-offs p90 | capital falling |
| 2012-06 | 3 |  | loans exceed deposits, liquid assets <10% |
| 2012-09 | 4 | capital falling |  |
| 2012-12 | 5 | loans exceed deposits |  |
| 2013-03 | 4 | reserve under noncurrent | capital falling, loans exceed deposits |
| 2013-06 | 3 |  | reserve under noncurrent |
| 2013-09 | 4 | deposits shrinking |  |
| 2013-12 | 4 | capital falling | deposits shrinking |
| 2014-03 | 4 |  |  |
| 2014-06 | 3 |  | capital falling |
| 2014-09 | 3 |  |  |
| 2014-12 | 7 | loans exceed deposits, capital falling, reserve under noncurrent, deposits shrinking |  |
| 2015-03 | 4 |  | loans exceed deposits, reserve under noncurrent, deposits shrinking |
| 2015-06 | 8 | loans exceed deposits, liquid assets <10%, reserve under noncurrent, deposits shrinking, assets shrinking | capital falling |
| 2015-09 | 6 | uninsured deposits leaving | loans exceed deposits, liquid assets <10%, reserve under noncurrent |
| 2015-12 | 7 | capital falling, reserve under noncurrent | uninsured deposits leaving |
| 2016-03 | 7 |  |  |
| 2016-06 | 5 | loans exceed deposits | deposits shrinking, assets shrinking, capital falling |
| 2016-09 | 4 |  | loans exceed deposits |
| 2016-12 | 7 | loans exceed deposits, liquid assets <10%, capital falling |  |
| 2017-03 | 6 |  | capital falling |
| 2017-06 | 6 |  |  |
| 2017-09 | 6 |  |  |
| 2017-12 | 5 |  | liquid assets <10% |
| 2018-03 | 6 | liquid assets <10% |  |
| 2018-06 | 5 |  | reserve under noncurrent |
| 2018-09 | 4 |  | liquid assets <10% |
| 2018-12 | 6 | capital falling, reserve under noncurrent |  |
| 2019-03 | 6 | liquid assets <10% | capital falling |
| 2019-06 | 5 |  | liquid assets <10% |
| 2019-09 | 7 | liquid assets <10%, uninsured deposits leaving |  |
| 2019-12 | 7 | capital falling | liquid assets <10% |
| 2020-03 | 9 | noncurrent p90, deposits shrinking, assets shrinking | loans exceed deposits |
| 2020-06 | 9 | expense ratio p90 | capital falling |
| 2020-09 | 7 |  | uninsured deposits leaving, noncurrent p90 |
| 2020-12 | 9 | loans exceed deposits, liquid assets <10% |  |
| 2021-03 | 6 | capital falling | reserve under noncurrent, deposits shrinking, assets shrinking, liquid assets <10% |
| 2021-06 | 5 |  | loans exceed deposits |
| 2021-09 | 4 |  | capital falling |
| 2021-12 | 4 |  |  |
| 2022-03 | 4 |  |  |
| 2022-06 | 5 | AOCI drag >20% of equity |  |
| 2022-09 | 7 | capital falling, securities losses >30% of equity |  |
| 2022-12 | 7 | noncurrent p90 | capital falling |
| 2023-03 | 4 | uninsured deposits leaving | expense ratio p90, AOCI drag >20% of equity, securities losses >30% of equity, noncurrent p90 |
| 2023-06 | 5 | securities losses >30% of equity |  |
| 2023-09 | 5 | capital falling | uninsured deposits leaving |
| 2023-12 | 3 |  | securities losses >30% of equity, capital falling |
| 2024-03 | 2 |  | brokered >10% |
| 2024-06 | 3 | capital falling |  |
| 2024-09 | 3 |  |  |
| 2024-12 | 3 |  |  |
| 2025-03 | 2 |  | capital falling |
| 2025-06 | 3 | brokered >10% |  |
| 2025-09 | 4 | capital falling |  |
| 2025-12 | 4 |  |  |
| 2026-03 | 2 |  | brokered >10%, capital falling |
| 2026-06 | 3 | brokered >10% |  |

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

- 2026-03-27 [Impactive's proxy fight at WEX may hit regulatory snag, filing says - Reuters](https://news.google.com/rss/articles/CBMi2wFBVV95cUxPUTRYb3J3YlJyYnk2WGF1amJTLWlwZUd6WW94THh3TDFhTFZTaGN1TkRFaUd3U0QwbFMzN3lYYUl2YVJjYUl4YnBxTVVRWmVCQXFJMzhPb2FrN0xtWmppR1BLUTNCSWFJTlFLLXlmNGthVF95cXp4VUZZemNFT2xId2dxUmx2aDJiSi1yM2ZTMnBrMWhNc0htOUtxWVJtMEQ4THZtQ0dQR3ppaDNab05YRFNUcmZxdGI4QWprU09ya1FsXzREREZwUHI1c1QwRjAydXNoVTVna3EyMVU?oc=5) · Reuters
- 2026-05-18 [WEX Inc. : Three Segments, One Edge - marketscreener.com](https://news.google.com/rss/articles/CBMijAFBVV95cUxNYlFPWWRMM2k5WFBrWVJKMVJLMlNidkVBRTE1THVZYTFqWXQteHk0WlFIdy1iQ2dpQWJCaTlzV1BDWHJIUURTS2hkMmYyRXlpdENSVnB4QnpzaEVJSHNKS1IyeVJ6T3RURHRNN2o1am9XaW1XUDRkaC1URDhyNEhRRm5fRlVWSkZXSDlLbQ?oc=5) · marketscreener.com
- 2023-09-05 [FDIC Dings Fintech Bank Over 'Illegal' Credit Practices - Law360](https://news.google.com/rss/articles/CBMimAFBVV95cUxNZ1BndXNXcW5xUVBNeTF3X2I4RlIzV24tbjhkZVQzREJ4Y3ZLbHJZcFZnUmd1TjBKamduc1JXeURfU0Qzc0VJNVRXbXlxMVNYN3RTVUdaMm83T3h0aXdHWGxjc0pDUG96aXltOG9jNlpxcTlyRmJoNjRLdVBfekRRVnYyZjNmMDl0TXpLZDBpNkdNSTczT1lFRtIBVkFVX3lxTE1aTkhqQXd1MnhWdkFWYmF2bmUtcUZhMGQxa09vMDJXN243RnAxbXZkLUNaXzRlaTlRbXgtMGFwaGNDRGktb1lXZld1cEVNMFNEOExNN2p3?oc=5) · Law360
- 2026-08-27 [WEX at Deutsche Bank 2026 technology conference: growth, margins, buybacks - Investing.com](https://news.google.com/rss/articles/CBMixgFBVV95cUxOQnhOOEJhV1pZdTJFdlViY01ZckJ0ZlJBSEFNSXVZMlpfSmloWFg0Zl84YkkxUmxxemZlbUFrRHpQSDVnejlQdFpaU0x5V2lWZEJYcXQxRnAxNGI1bk5xaE1wVEpuQWZMbkVoRE1jT1A0c1VaQ2QzaHI4a0ZLNWRVU01heGh5ZHZXMmE5Q0NBVGhrQmxVdWpmalh6NVNDRjY1Z3o1QnhFbUJLUzYxcmFFeC1TSUNXU09FeWNRZFFCajZGT0lyOVE?oc=5) · Investing.com
- 2026-07-12 [Trump-Linked Fintech Tied To "No KYC" Crypto Cards Marketed for Iran Sanctions Evasion, Sources Say - Fintech Business Weekly | Jason Mikula](https://news.google.com/rss/articles/CBMihwFBVV95cUxPbWp6Zmw0UDh1aFZPYWFBS1NpZ2JaR195cEUwZ0p6UFBFMnp2YXExWFlNU0s1VXFvdUxZSGh4ZTBlRTdTQkJPaXFqRkFtOUVuVGpDODBrMTEwNmhNX3NOMDVTNlktQ3dqa3poZTk4c051Tm12YkNlT0lMLUZqRzZtSVF4cXRfeDA?oc=5) · Fintech Business Weekly | Jason Mikula
- 2026-04-10 [EXCLUSIVE: Impactive aims to replace WEX CEO on board in proxy fight, sources say - Reuters](https://news.google.com/rss/articles/CBMitwFBVV95cUxQRlYtbmh4a1dROFp2WUVhdUZaQzJKTkRRR242cFFpZjVWWFRLbGk1ci1ScGdwYnlNeVdoUmJYSk9ZUHJJTl82OXFSTGNZbUZkWE9SdzN0bk5hSTBDTmZoV2VjZnFfaTFXTnZ2OWhQYUI2cFVZUWtQQVpyRDR4aDlLVndSaXVQc0c2clhsTEZ2aG81cTNlSHJpdjBHVjJkNGlsM196VWxYN1N2TkZLeHI1OHdXUEtRMWc?oc=5) · Reuters
- 2016-01-06 [Deceived college students to receive refunds of banking fees - The Morning Call](https://news.google.com/rss/articles/CBMimgFBVV95cUxPME1vcHpTMU9vdEVtSGl1U1F0OE90QUZlVUItejBTeDZEekJxM19pUGJkdmZTS3haNmg0cXgzVHpFWjNaclhNb1BsVmpmT0NSc1BLTHlfQnRFWUVyVWF4dFlBMC1FSDdzOVp5M2ZKSEUyYjBXemQ5Qzl4b1FZWVBaN1JfMWJIblpGSUZmWU5iR29CcHNpVlFBRFhB?oc=5) · The Morning Call
- 2015-12-23 [WEX Bank fined $1.75 million for its part in student aid marketing deception - Portland Press Herald - Maine Sunday Telegram](https://news.google.com/rss/articles/CBMitgFBVV95cUxNLUlCRllyQnlrdHBNWk4wTEl0ZklIbmRMZTIxY1JfQjZXYVZsRFBGdFBaUjNobTRfekpWeWplZEJLOHdOMWllWGF1Yi1seGFFSFlWYi16STFSZEhWWTQwNzZNdHpPZzlybnNPdHprRHItZHBRS3ExZ056cTEycXU3d2gweE1JREVkeTRMMWZYT0lkaVpCSDdqSFFJYVVDVkIta1lvdERFaWk0RS1KOVVXc1V3TkxXdw?oc=5) · Portland Press Herald - Maine Sunday Telegram

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=34697 (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/9.json (key "34697", 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