Axos Bank

4350 La Jolla Village Drive, Suite 140
San Diego, CA 92122

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 35546
Date Established 2000
Assets $10.17 billion
Loans $9.12 billion
Deposits $8.68 billion
Capital $0.98 billion

Axos Bank is an FDIC insured institution located in San Diego, CA. It was founded in 2000 and has approximately $10.17 billion in assets. Customers can open an account at one of its 2 branches.

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 19, 2019

Your Current Location: Connecticut, CT 06828

Online Only CD Rates of Bank of Internet

Online CD Rates APY MIN MAX
3 Month CD
0.55% $1,000 - Learn MoreShow Less
6 Month CD
0.75% $1,000 - Learn MoreShow Less
One Year CD
1.01% $1,000 - Learn MoreShow Less
24 Month CD
1.20% $1,000 - Learn MoreShow Less
36 Month CD
1.30% $1,000 - Learn MoreShow Less
48 Month CD
1.40% $1,000 - Learn MoreShow Less
60 Month CD
2.25% $1,000 - Learn MoreShow Less
There are currently no rates available for Axos Bank, but see these great savings and CD rates:

Advertiser Disclosure
Checking Rates APY MIN FEE
Rewards Checking 0.31% $0 $0.00 Learn MoreShow Less

Bank Online Offers


Loan Rates - September 19, 2019

Your Current Location: Connecticut, CT 06828

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:
Fairfield,Connecticut


Axos Bank Locations


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
4.95% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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, 2019, Axos Bank had $44,533,000 in non-current loans and $7,470,000 in owned real estate. To cover these potential losses it had $979,704,000 in equity and $71,746,000 in loans loss reserves. That gives it a Texas Ratio of 4.95%.

Return on Equity
Axos Bank U.S. Bank Average
22.51% 9.47%

Axos Bank has a Return on Equity of 22.51% versus the BestCashCow average of 9.47%. 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
9.64% 12.49%

Axos Bank has a Capitalization of 9.64% versus the BestCashCow average of 12.49. 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, 2019, Axos Bank had assets of $10,166,062,000, loans of $9,117,420,000, and deposits of $8,676,071,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $0.54 billion
Interest-bearing balances $0.53 billion
Total securities $0.22 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $9.12 billion
Loan loss allowance $0.07 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.01 billion
Goodwill and other intangibles $0.09 billion
All other assets $0.17 billion
     Total Assets $9.19 billion
LIABILITIES
Total deposits $8.68 billion
      Interest-bearing deposits $6.91 billion
      Deposits held in domestic offices $8.68 billion
      % insured (estimated) 86.80%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.44 billion
Subordinated debt $0.00 billion
All other liabilities $0.07 billion
      Total Liabilities $9.19 billion
      Shareholders’ Equity $0.98 billion

Summary Income Statement

March 31, 2019
INCOME AND EXPENSES
Total Interest Income $0.17 billion
Total Interest Expense $0.04 billion
Net interest income $0.13 billion
Provision for loan and lease losses $0.02 billion
Total non interest income $0.02 billion
Total non interest expense $0.05 billion
Pre-tax Net Operating Income $0.08 billion

Bank Loan Profile?

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

Compared to other banks in California, Axos Bank has a significantly higher percent of 1-4 Family Residential 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 52.52
Multifamily
Mortgages
20.22
Credit Card Loans 0.00
Consumer Auto Loans 2.94
Small Business Loans 0.24
Construction and Development Loans 8.77
Commercial Real Estate 7.00
Commercial and Industrial Loans 7.20
Farm Loans 0.00

Frequently Asked Questions About Axos Bank

Branches and Savings

Is Axos Bank FDIC insured?

Yes. It is covered under FDIC Certificate #35546.

Why does Axos Bank pay such low interest on savings accounts?

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

Why are Axos Bank CD rates not competitive?

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

Is Axos Bank a commercial bank?

Yes

Where are Axos Bank locations?

See branch locations nearby.

Is Axos Bank open on Saturdays?

Is Axos Bank open on Sundays?

What time does Axos Bank open?

What time does Axos Bank close?

Are Axos Bank ATMs Open 24/7?

Do Axos Bank ATMs accept cash deposits?

Can Axos Bank customers use other ATMs?

Do Axos Bank branches have notaries?

Will Axos Bank notarize my document?

What address for Axos Bank should I put for incoming ACH transfers?

Will the Axos Bank branch print checks?

Do Axos Bank checks expire?

Does Axos Bank require US citizenship to open account?

Can Axos Bank close my account?

Does Axos Bank Report to credit bureaus?

Does Axos Bank Use Equifax?

What is Axos Bank's ACH Routing Number?

What is Axos Bank's SWIFT code?

Products

Does Axos Bank offer mortgages?

Compare mortgage rates here.

Does Axos Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Axos Bank offer personal loans?

Compare personal loan rates here.

Does Axos Bank offer student loans?

Will Axos Bank cash a check?

Will Axos Bank redeem a savings bond?

Does Axos Bank cash savings bonds?

Will Axos Bank cash money orders?

Can Axos Bank issue a money order?

Does Axos Bank do currency exchange?

Background on The Bank

Who owns Axos Bank?

How long has Axos Bank been around?

Can Axos Bank transfer to other banks?

Does Axos Bank have quick pay?

Does Axos Bank accept rolled coins?

Will Axos Bank accept loose change?

Where is Axos Bank headquarters?

Customer Reviews for Axos Bank


  • 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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