Axiom Bank, National Association

Headquarters

258 Southhall Ln
Maitland, FL 32751
See all branch locations →

ACH 263184815

Phone 800-584-0015

Axiom Bank, National Association
Notable Rates APY Vs.Others
Savings N.A. 4.10% →
1-Year CD N.A. 4.71% →
2-Year CD N.A. 4.65% →
5-Year CD N.A. 4.75% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 1.93% →
Axiom Bank, National Association
Public Note: Axiom Bank, a nationally chartered bank headquartered in Central Florida, serves the financial needs of its customers through a wide range of banking solutions and a commitment to exceptional service.

November 17, 2021

2022 Overview

General Bank Information

Axiom Bank, National Association is an FDIC insured institution located in Maitland, FL. It was founded in 1962 and has approximately $0.65 billion in assets. Customers can open an account at one of its 12 branches.

FDIC Insured Yes
FDIC Certificate # 31390
Date Established 1962
Assets $ 649.85 million
Loans $ 426.74 million
Deposits $ 546.74 million
Capital $ 89.19 million
 

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

Deposit Rates - December 9, 2022

Your Current Location: Virginia, VA 20146

 

Loan Rates - December 9, 2022

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Axiom Bank, National Association

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 2022

Lender APR Rate (%) Monthly
Payment
Learn More
PADDIO
NMLS ID: 1907
6.438% 6.250%
1.00 points
$5,000 fees
$1,540 Learn More
PenFed Credit Union
NMLS ID: 401822
5.944% 5.875%
0.75 points
$1,875 fees
$1,479 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
7.905% 7.750%
1.00 points
$3,750 fees
$1,792 Learn More
Northpointe Bank
NMLS ID: 447490
5.823% 5.750%
0.75 points
$1,998 fees
$1,459 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 6.490 %
After Intro: 7.500 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
6.240 %
$0 Learn More
More Info

Note to Axiom Bank, National Association
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Axiom Bank, National Association 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


Axiom Bank, National Association Locations



Climate Initiatives

Axiom Bank, National Association is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Financial Details

Axiom Bank, National Association Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Axiom Bank, National Association. 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
Axiom Bank, National Association U.S. Bank Average
2.84% 4.06%

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 June 30, 2022, Axiom Bank, National Association had $2,474,000 in non-current loans and $212,000 in owned real estate. To cover these potential losses it had $89,189,000 in equity and $5,381,000 in loans loss reserves. That gives it a Texas Ratio of 2.84%.

Return on Equity
Axiom Bank, National Association U.S. Bank Average
2.93% 9.98%

Axiom Bank, National Association has a Return on Equity of 2.93% versus the BestCashCow average of 9.98%. 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
Axiom Bank, National Association U.S. Bank Average
13.72% 10.23%

Axiom Bank, National Association has a Capitalization of 13.72% versus the BestCashCow average of 10.23. 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.

Axiom Bank, National Association Balance Sheet Analysis

As of June 30, 2022, Axiom Bank, National Association had assets of $649,853,000, loans of $426,737,000, and deposits of $546,743,000. 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

June 30, 2022
ASSETS
Cash & Balances due from depository institutions $ 74.16 million
Interest-bearing balances $ 64.18 million
Total securities $ 112.69 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 426.74 million
Loan loss allowance $ 5.38 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.21 million
Goodwill and other intangibles $ 1.94 million
All other assets $ 19.18 million
     Total Assets $ 560.66 million
LIABILITIES
Total deposits $ 546.74 million
      Interest-bearing deposits $ 416.39 million
      Deposits held in domestic offices $ 546.74 million
      % insured (estimated) 59.26%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 10.00 million
Subordinated debt N.A.
All other liabilities $ 3.92 million
      Total Liabilities $ 560.66 million
      Shareholders’ Equity $ 89.19 million

Summary Income Statement

June 30, 2022
INCOME AND EXPENSES
Total Interest Income $ 12.02 million
Total Interest Expense $ 1.29 million
Net interest income $ 10.73 million
Provision for loan and lease losses N.A.
Total non interest income $ 2.80 million
Total non interest expense $ 14.06 million
Pre-tax Net Operating Income $ 1.18 million

Bank Loan Profile?

The top three loan types in Axiom Bank, National Association’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks in Florida, Axiom Bank, National Association has a significantly higher percent of Commercial and Industrial Loans 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 12.89
Multifamily
Mortgages
0.95
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 2.75
Construction and Development Loans 5.46
Commercial Real Estate 35.21
Commercial and Industrial Loans 27.19
Farm Loans 0.00

Customer Reviews for Axiom Bank, National Association (5)


  • December 26, 2021 | | Replies 1

    CDs 3 Month Rates

    SJennings

    | Dec 9, 2022

    So happy Axiom finally made executive changes and are back to real banking and great Florida rates and service.

  • December 4, 2021

    CDs 18 Month Rates

    Unlike the past two years, Axiom Bank has all new executives with deep banking experience. They have quickly turned around the retail business with top CD rates and better customer service! Because they are a smaller community bank, BestCashCow will not remote their rates!

  • November 21, 2021 |

    CDs 12 Month Rates

    Axiom Bank is one of the best banks in Florida! Unbelievable rates only require a $500 deposit compared to all our banks. They care about the working-class folks.

  • November 12, 2021

    CDs 60 Month Rates

    Wait they have a .85% rates Cash Cow is wrong?

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*Should any logos, images or public notes appear on this page,they do so courtesy of Axiom Bank, National Association and are not subject to approval of BestCashCow. BestCashCow expressly disclaims all responsibility for this content.