Bofi Federal Bank

12777 High Bluff Drive #100
San Diego, CA 92122

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 35546
Date Established 2000
Assets $7.59 billion
Loans $6.41 billion
Deposits $6.12 billion
Capital $0.66 billion

Bofi Federal Bank is an FDIC insured institution located in San Diego, CA. It was founded in 2000 and has approximately $7.59 billion in assets. Customers can open an account via 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 66.09
Multifamily
Mortgages
21.72
Credit Card Loans 0.00
Consumer Auto Loans 1.00
Small Business Loans 0.20
Construction and Development Loans 0.25
Commercial Real Estate 3.91
Commercial and Industrial Loans 5.37
Farm Loans 0.00

Savings Rates

Your Current Location: Virginia, VA 20146

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

BestCashCow tracks mortgage, home equity, and auto loan rates. In the future, we will be adding other loan products. Please contact the lender for questions about their loan products.

Refinance Mortgage Rates APR Rate Monthly Payment
15 Year Fixed Conforming 2.87% 2.75% $1,696.55 Learn MoreShow Less
15 Year Fixed Jumbo 3.06% 3.00% $1,726.45 Learn MoreShow Less
20 Year Fixed Conforming 3.47% 3.38% $1,434.53 Learn MoreShow Less
30 Year Fixed Conforming 3.57% 3.50% $1,122.61 Learn MoreShow Less
30 Year Fixed Jumbo 3.78% 3.75% $1,157.79 Learn MoreShow Less
Purchase Mortgage Rates APR Rate Monthly Payment
15 Year Fixed Conforming 2.87% 2.75% $1,696.55 Learn MoreShow Less
15 Year Fixed Jumbo 3.06% 3.00% $1,726.45 Learn MoreShow Less
20 Year Fixed Conforming 3.47% 3.38% $1,434.53 Learn MoreShow Less
30 Year Fixed Conforming 3.57% 3.50% $1,122.61 Learn MoreShow Less
30 Year Fixed Jumbo 3.78% 3.75% $1,157.79 Learn MoreShow Less

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. Please remember that all banks listed on BestCashCow.com are FDIC insured while all credit unions are similarly insured by the NCUA. No depositor has ever lost money while their funds have been insured by the FDIC or NCUA.

Texas Ratio
Bofi Federal Bank U.S. Bank Average
4.63% 9.11%

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2016, Bofi Federal Bank had $31,858,000 in non-current loans and $207,000 in owned real estate. To cover these potential losses it had $657,119,000 in equity and $35,826,000 in loans loss reserves. That gives it a Texas Ratio of 4.63%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Bofi Federal Bank U.S. Bank Average
22.62% 9.45%

Bofi Federal Bank has a Return on Equity of 22.62% versus the BestCashCow average of 9.45%. 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
8.65% 11.28%

Bofi Federal Bank has a Capitalization of 8.65% versus the BestCashCow average of 11.28%. 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 June 30, 2016, Bofi Federal Bank had assets of $7,593,583,000, loans of $6,409,043,000, and deposits of $6,121,434,000. 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.

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