Axos Bank


4350 La Jolla Village Drive, Suite 140
San Diego, CA 92122
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Notable Rates APY Vs.Others
Savings N.A. 3.05% →
1-Year CD N.A. 3.30% →
2-Year CD N.A. 3.56% →
5-Year CD N.A. 3.75% →
30-Year Mortgage 8.40% 6.31% →
15-Year Mortgage 7.92% 5.86% →
HELOC N.A. 2.79% →

2022 Overview

General Bank Information

Axos Bank is an FDIC insured institution located in San Diego, CA. It was founded in 2000 and has approximately $14.77 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 35546
Date Established 2000
Assets $ 14.77 billion
Loans $ 13.09 billion
Deposits $ 12.96 billion
Capital $ 1,528.72 million

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

Deposit Rates - September 24, 2022

Your Current Location: Virginia, VA 20146

Online Only CD Rates of Axos Bank, a division of Bofi Federal Bank

Online CD Rates APY MIN MAX
3 Month CD
0.20% $1,000 - Learn More
6 Month CD
0.20% $1,000 - Learn More
One Year CD
0.20% $1,000 - Learn More
24 Month CD
0.20% $1,000 - Learn More
36 Month CD
0.20% $1,000 - Learn More
48 Month CD
0.20% $1,000 - Learn More
60 Month CD
0.20% $1,000 - Learn More
Checking Rates APY MIN FEE
Rewards Checking 1.25% $0 $0.00 Learn MoreShow Less

Bank Online Offers


Loan Rates - September 24, 2022

Your Current Location: Virginia, VA 20146

Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.


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Climate Initiatives

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Financial Details

Axos Bank Ratio Analysis

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

Texas Ratio
Axos Bank U.S. Bank Average
8.14% 4.01%

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, 2022, Axos Bank had $136,096,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $1,528,719,000 in equity and $143,188,000 in loans loss reserves. That gives it a Texas Ratio of 8.14%.

Return on Equity
Axos Bank U.S. Bank Average
18.06% 9.01%

Axos Bank has a Return on Equity of 18.06% versus the BestCashCow average of 9.01%. 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.

Axos Bank U.S. Bank Average
10.35% 10.66%

Axos Bank has a Capitalization of 10.35% versus the BestCashCow average of 10.66. 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.

Axos Bank Balance Sheet Analysis

As of March 31, 2022, Axos Bank had assets of $14,768,636,000, loans of $13,087,665,000, and deposits of $12,963,503,000. 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, 2022
Cash & Balances due from depository institutions $ 973.06 million
Interest-bearing balances $ 964.46 million
Total securities $ 252.24 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 13.09 billion
Loan loss allowance $ 143.19 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 80.38 million
All other assets $ 354.09 million
     Total Assets $ 13.24 billion
Total deposits $ 12.96 billion
      Interest-bearing deposits $ 8.75 billion
      Deposits held in domestic offices $ 12.96 billion
      % insured (estimated) 83.54%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 152.50 million
Subordinated debt N.A.
All other liabilities $ 123.91 million
      Total Liabilities $ 13.24 billion
      Shareholders’ Equity $ 1,528.72 million

Summary Income Statement

March 31, 2022
Total Interest Income $ 161.77 million
Total Interest Expense $ 7.94 million
Net interest income $ 153.83 million
Provision for loan and lease losses $ 5.50 million
Total non interest income $ 9.67 million
Total non interest expense $ 64.01 million
Pre-tax Net Operating Income $ 93.99 million

Bank Loan Profile?

The top three loan types in Axos Bank’s loan portfolio are 1-4 Family Residential Loans, Construction and Development Loans, and Multifamily Mortgages.

Compared to other banks in California, Axos Bank has a significantly higher percent of Construction and Development 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 32.00
Credit Card Loans 0.00
Consumer Auto Loans 3.51
Small Business Loans 0.18
Construction and Development Loans 19.64
Commercial Real Estate 10.51
Commercial and Industrial Loans 12.99
Farm Loans 0.00

Customer Reviews for Axos Bank

  • September 14, 2022 |

    you need open new account once interest going up, keep in mind your savings account only go down never go up unless you open new account.

  • December 28, 2021 |

    I made a deposit and issued a check which arrived and they bounced it although they claimed the deposit cleared which left us spending Christmas pennyless. We depended on that money to buy ourselves food so our dinner was left overs. Customers are a pain in the butt to them and their attitude attests to this.

  • May 15, 2019 |

    I had my checking account at Axos bank for more than 10 years, and was a very satisfied customer. In March 2019, I received an email from them stating that they would close my account in 30 days, without providing any further explanation. I called them, and they refused to explain why they were doing this. I'm sure you think this is the craziest thing you ever heard of, and that's exactly what I thought. After all, most banks try to increase their customers, and Axos is trying to get rid of their customers. You can google this issue, and you will find the many other customers whose account Axos has closed for no reason whatsoever.

    The final blow was this. When they told me they were closing my account, they said in writing that it would close 30 days from the day of their notification, which would have been on April 6. They closed my account on March 19, and 3 of my checks bounced as a result. When I called them to complain that they had broken their word, they refused to do anything at all to remedy the situation.
    I urge you not to open an account with them, because you may find they do to you what they did to me, and close your account too.

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