Bofi Federal Bank

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

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 35546
Date Established 2000
Assets $8.57 billion
Loans $7.54 billion
Deposits $7.26 billion
Capital $0.84 billion

Bofi Federal Bank is an FDIC insured institution located in San Diego, CA. It was founded in 2000 and has approximately $8.57 billion in assets. Customers can open an account at one of its 2 branches.

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

Bank Loan Profile?

The top three loan types in Bofi Federal Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Commercial and Industrial Loans.

Compared to other banks in California, Bofi Federal 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 59.55
Multifamily
Mortgages
21.37
Credit Card Loans 0.00
Consumer Auto Loans 2.42
Small Business Loans 0.24
Construction and Development Loans 1.60
Commercial Real Estate 6.76
Commercial and Industrial Loans 7.23
Farm Loans 0.00

Deposit Rates

Your Current Location: Virginia, VA 20146

There are currently no rates available for Bofi Federal Bank, but see these great savings and CD rates:

2.00% APY 12 Month CD from Synchrony Bank

Checking Rates APY MIN FEE
Rewards Checking 0.31% $0 $0.00 Learn MoreShow Less
Platinum Checking 0.71% $0 $0.00 Learn MoreShow Less

Loan Rates

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

Bofi Federal 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


Bofi Federal Bank Locations

Financial Details

Bofi Federal Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bofi Federal 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
Bofi Federal Bank U.S. Bank Average
3.8% 8.32%

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 September 30, 2017, Bofi Federal Bank had $32,109,000 in non-current loans and $1,308,000 in owned real estate. To cover these potential losses it had $837,365,000 in equity and $42,099,000 in loans loss reserves. That gives it a Texas Ratio of 3.8%.

Return on Equity
Bofi Federal Bank U.S. Bank Average
19.52% 8.84%

Bofi Federal Bank has a Return on Equity of 19.52% versus the BestCashCow average of 8.84%. 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
Bofi Federal Bank U.S. Bank Average
9.77% 12.21%

Bofi Federal Bank has a Capitalization of 9.77% versus the BestCashCow average of 12.21. 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.

Bofi Federal Bank Balance Sheet Analysis

As of September 30, 2017, Bofi Federal Bank had assets of $8,573,575,000, loans of $7,541,973,000, and deposits of $7,257,678,000. 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.

Frequently Asked Questions About Bofi Federal Bank

Branches and Savings

Is Bofi Federal Bank FDIC insured?

Yes. It is covered under FDIC Certificate #35546.

Why does Bofi Federal Bank pay such low interest on savings accounts?

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

Why are Bofi Federal Bank CD rates not competitive?

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

Is Bofi Federal Bank a commercial bank?

Yes

Where are Bofi Federal Bank locations?

See branch locations nearby.

Is Bofi Federal Bank open on Saturdays?

Is Bofi Federal Bank open on Sundays?

What time does Bofi Federal Bank open?

What time does Bofi Federal Bank close?

Are Bofi Federal Bank ATMs Open 24/7?

Do Bofi Federal Bank ATMs accept cash deposits?

Can Bofi Federal Bank customers use other ATMs?

Do Bofi Federal Bank branches have notaries?

Will Bofi Federal Bank notarize my document?

What address for Bofi Federal Bank should I put for incoming ACH transfers?

Will the Bofi Federal Bank branch print checks?

Do Bofi Federal Bank checks expire?

Does Bofi Federal Bank require US citizenship to open account?

Can Bofi Federal Bank close my account?

Does Bofi Federal Bank Report to credit bureaus?

Does Bofi Federal Bank Use Equifax?

What is Bofi Federal Bank's ACH Routing Number?

What is Bofi Federal Bank's SWIFT code?

Products

Does Bofi Federal Bank offer mortgages?

Compare mortgage rates here.

Does Bofi Federal Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bofi Federal Bank offer personal loans?

Compare personal loan rates here.

Does Bofi Federal Bank offer student loans?

Will Bofi Federal Bank cash a check?

Will Bofi Federal Bank redeem a savings bond?

Does Bofi Federal Bank cash savings bonds?

Will Bofi Federal Bank cash money orders?

Can Bofi Federal Bank issue a money order?

Does Bofi Federal Bank do currency exchange?

Background on The Bank

Who owns Bofi Federal Bank?

How long has Bofi Federal Bank been around?

Can Bofi Federal Bank transfer to other banks?

Does Bofi Federal Bank have quick pay?

Does Bofi Federal Bank accept rolled coins?

Will Bofi Federal Bank accept loose change?

Where is Bofi Federal Bank headquarters?

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