Optum Bank, Inc.

Headquarters

2525 Lake Park Boulevard, Suite 110
Salt Lake City, UT 84120
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Optum Bank, Inc. is an FDIC insured institution located in Salt Lake City, UT. It was founded in 2003 and has approximately $11.11 billion in assets.

FDIC Insured Yes
FDIC Certificate # 57408
Date Established 2003
Assets $ 11.11 billion
Loans $ 1,486.02 million
Deposits $ 9.04 billion
Capital $ 1,594.72 million
 

For a more detailed analysis of Optum Bank, Inc.'s financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 21, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - September 21, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Optum Bank, Inc.

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.815% 2.750% 0.88 $2,118 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
3.872% 3.750% 1.00 $3,750 $1,158 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

Note to Optum Bank, Inc.
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Branches

Optum Bank, Inc. branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Optum Bank, Inc. Locations


Financial Details

Optum Bank, Inc. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Optum Bank, Inc.. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Optum Bank, Inc. U.S. Bank Average
0.02% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Optum Bank, Inc. had $365,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $1,594,717,000 in equity and $16,521,000 in loans loss reserves. That gives it a Texas Ratio of 0.02%.

Return on Equity
Optum Bank, Inc. U.S. Bank Average
17.08% 7.80%

Optum Bank, Inc. has a Return on Equity of 17.08% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Optum Bank, Inc. U.S. Bank Average
14.35% 12.68%

Optum Bank, Inc. has a Capitalization of 14.35% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Optum Bank, Inc. Balance Sheet Analysis

As of March 31, 2020, Optum Bank, Inc. had assets of $11,110,236,000, loans of $1,486,021,000, and deposits of $9,037,636,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 440.67 million
Interest-bearing balances $ 430.37 million
Total securities $ 8.76 billion
Federal funds sold and reverse repurchase $ 0.50 million
Net loans and leases $ 1,486.02 million
Loan loss allowance $ 16.52 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 309.17 million
All other assets $ 115.24 million
     Total Assets $ 9.52 billion
LIABILITIES
Total deposits $ 9.04 billion
      Interest-bearing deposits $ 7.16 billion
      Deposits held in domestic offices $ 9.04 billion
      % insured (estimated) 97.31%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 477.88 million
      Total Liabilities $ 9.52 billion
      Shareholders’ Equity $ 1,594.72 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 78.68 million
Total Interest Expense $ 3.78 million
Net interest income $ 74.90 million
Provision for loan and lease losses $ 1.44 million
Total non interest income $ 52.77 million
Total non interest expense $ 37.67 million
Pre-tax Net Operating Income $ 88.56 million

Bank Loan Profile?

The top three loan types in Optum Bank, Inc.’s loan portfolio are Commercial Real Estate, Multifamily Mortgages, and Commercial and Industrial Loans.

Compared to other banks in Utah, Optum Bank, Inc. has a significantly higher percent of Multifamily Mortgages, Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 0.00
Multifamily
Mortgages
29.47
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.19
Construction and Development Loans 0.00
Commercial Real Estate 45.97
Commercial and Industrial Loans 18.94
Farm Loans 0.00

Frequently Asked Questions About Optum Bank, Inc.

Branches and Savings

Is Optum Bank, Inc. FDIC insured?

Yes. It is covered under FDIC Certificate #57408.

Why does Optum Bank, Inc. pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Optum Bank, Inc. CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Optum Bank, Inc. a commercial bank?

Yes

Where are Optum Bank, Inc. locations?

See branch locations nearby.

Is Optum Bank, Inc. open on Saturdays?

Is Optum Bank, Inc. open on Sundays?

What time does Optum Bank, Inc. open?

What time does Optum Bank, Inc. close?

Are Optum Bank, Inc. ATMs Open 24/7?

Do Optum Bank, Inc. ATMs accept cash deposits?

Can Optum Bank, Inc. customers use other ATMs?

Do Optum Bank, Inc. branches have notaries?

Will Optum Bank, Inc. notarize my document?

What address for Optum Bank, Inc. should I put for incoming ACH transfers?

Will the Optum Bank, Inc. branch print checks?

Do Optum Bank, Inc. checks expire?

Does Optum Bank, Inc. require US citizenship to open account?

Can Optum Bank, Inc. close my account?

Does Optum Bank, Inc. Report to credit bureaus?

Does Optum Bank, Inc. Use Equifax?

What is Optum Bank, Inc.'s ACH Routing Number?

What is Optum Bank, Inc.'s SWIFT code?

Products

Does Optum Bank, Inc. offer mortgages?

Compare mortgage rates here.

Does Optum Bank, Inc. offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Optum Bank, Inc. offer personal loans?

Compare personal loan rates here.

Does Optum Bank, Inc. offer student loans?

Will Optum Bank, Inc. cash a check?

Will Optum Bank, Inc. redeem a savings bond?

Does Optum Bank, Inc. cash savings bonds?

Will Optum Bank, Inc. cash money orders?

Can Optum Bank, Inc. issue a money order?

Does Optum Bank, Inc. do currency exchange?

Background on The Bank

Who owns Optum Bank, Inc.?

How long has Optum Bank, Inc. been around?

Can Optum Bank, Inc. transfer to other banks?

Does Optum Bank, Inc. have quick pay?

Does Optum Bank, Inc. accept rolled coins?

Will Optum Bank, Inc. accept loose change?

Where is Optum Bank, Inc. headquarters?

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