Axos Bank

Headquarters

4350 La Jolla Village Dr
San Diego, CA 92122
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 4.35% →
1-Year CD N.A. 5.00% →
2-Year CD N.A. 4.75% →
5-Year CD N.A. 4.55% →
30-Year Mortgage 8.40% 0.00% →
15-Year Mortgage 7.92% 0.00% →
HELOC N.A. 0.99% →

2023 Overview

General Bank Information

Axos Bank is an FDIC insured institution located in San Diego, CA. It was founded in 2000 and has approximately $16 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 35546
Date Established 2000
Assets $ 16.00 billion
Loans $ 14.08 billion
Deposits $ 14.08 billion
Capital $ 1,634.19 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 - February 2, 2023

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 - February 2, 2023

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.

Branches

Axos Bank 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


Axos Bank Locations



Climate Initiatives

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

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 BestCashCow.com 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
6.64% 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, Axos Bank had $118,314,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $1,634,185,000 in equity and $148,433,000 in loans loss reserves. That gives it a Texas Ratio of 6.64%.

Return on Equity
Axos Bank U.S. Bank Average
16.8% 9.98%

Axos Bank has a Return on Equity of 16.8% 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
Axos Bank U.S. Bank Average
10.21% 10.23%

Axos Bank has a Capitalization of 10.21% 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.

Axos Bank Balance Sheet Analysis

As of June 30, 2022, Axos Bank had assets of $16,002,714,000, loans of $14,077,417,000, and deposits of $14,082,234,000. 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 $ 1,176.73 million
Interest-bearing balances $ 1,167.12 million
Total securities $ 277.28 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 14.08 billion
Loan loss allowance $ 148.43 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 80.52 million
All other assets $ 364.63 million
     Total Assets $ 14.37 billion
LIABILITIES
Total deposits $ 14.08 billion
      Interest-bearing deposits $ 8.99 billion
      Deposits held in domestic offices $ 14.08 billion
      % insured (estimated) 83.73%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 117.50 million
Subordinated debt N.A.
All other liabilities $ 168.80 million
      Total Liabilities $ 14.37 billion
      Shareholders’ Equity $ 1,634.19 million

Summary Income Statement

June 30, 2022
INCOME AND EXPENSES
Total Interest Income $ 347.02 million
Total Interest Expense $ 20.85 million
Net interest income $ 326.17 million
Provision for loan and lease losses $ 12.75 million
Total non interest income $ 17.04 million
Total non interest expense $ 146.78 million
Pre-tax Net Operating Income $ 183.69 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 30.79
Multifamily
Mortgages
16.63
Credit Card Loans 0.00
Consumer Auto Loans 3.55
Small Business Loans 0.18
Construction and Development Loans 18.02
Commercial Real Estate 15.20
Commercial and Industrial Loans 13.74
Farm Loans 0.00

Customer Reviews for Axos Bank (7)


  • December 21, 2022 |

    Stay away from this bait and switch bank that uses teaser rates. They lowered my interest rate twice in the first 2 months of opening my account. They said they had the right to change their rate at any time.

  • December 16, 2022 | | Replies 1

    By far the absolute worst bank ever. Think of the worst banking experience ever and multiply it by ten. They turned off access to my business accounts on a Thursday, before a busy weekend for my company and it was impossible to resolve it. I sent 8 hours on Friday starting at 8am trying to resolve it. Long waits times to finally reach an Indian call center with staff that was so hard to understand I could comprehend about 20% of what they said. No supervisor is ever available, so don't even try that. The call center employees get frustrated that I cannot understand them and THEY disconnect the call. Rinse and repeat. I beg you to find another bank. No bank at all would be better than this outfit.

    Fred1 | Feb 2, 2023

    *spent 8 hours

  • October 29, 2022 |

    Caveat Emptor! Like others, attracted to their competitive rates. Moved 125K into their MMA from my credit union. They have a system that somehow displays account information from other institutions to be a portal for easy monitoring your activity. There is no option to opt out. There are only two options for contacting them, their virtual assistant EVO or, even worse, an extremely loud call center in India staffed by apparently 12-year-olds in their third week of ESL (English as a second language) classes. Be prepared for being called by your first name prefixed by Mr./Mrs. (Mr. Joe, Mr. Jack, Mrs. Sarah, Miss Mary, etc.). Have never felt less secure with any bank. Regret my decision but transferring high dollar deposits with any of these "online only" banks is a royal PITA so will closely watch these folks for the first sign of instability. Do not anticipate a lengthy relationship.

  • 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.

Add Your Review

Rate it here →