Bofi Federal Bank in San Diego, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Bofi Federal Bank in San Diego, California (CA)
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Bofi Federal Bank - Overview

  • General
  • FDIC Certificate #: 35546
    Status: Active
    Federal Reserve ID: 2917317
    Date Established: July 04, 2000
    WWW: http://www.bankofinternet.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 16456
    FDIC's unique #: 81655
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: July 04, 2000
    Last Structure Change Effective Date: October 02, 2011
    Last Structure Change Process Date: October 02, 2011
    Last Data Update: October 02, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 12777 High Bluff Drive #100, San Diego, CA 92130
    County: San Diego
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Orange
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): San Diego, CA (#7320)
    Core Based Statistical Area (CBSA): San Diego-Carlsbad-San Marcos, CA (#41740)
    CBSA Metro Statistical Area: San Diego-Carlsbad-San Marcos, CA (#41740)
  • History of Changes
  • Corrections
    Name Change
  • Financial Summary
  • Total assets: $2,225.3 mil
    Equity capital: $182.1 mil
    Deposits held in domestic offices: $1,578.1 mil
    Return on assets (ROA): 1.33% ($29.6 mil)
    Quarterly return on assets: 1.33% ($29.6 mil)
    Return on Equity (ROE): 16.45% ($29.9 mil)
    Quarterly return on equity: 16.39% ($29.8 mil)
    Net income: $25.7 mil
    Quarterly Net income: $7.2 mil
    Pretax return on assets: 2.22% ($49,402.0 mil)
    Quarterly Pretax return on assets: 2.26% ($50,292.2 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 200Total employees (full-time equivalent)
  • $2,225,317Total assets
  • $8,796Cash and due from depository institutions
  • $201Interest-bearing balances
  • $504,703Securities
  • $13,507Federal funds sold & reverse repurchase agreements
  • $1,628,982Net loans & leases
  • $8,090Loan loss allowance
  • $5,678Trading account assets
  • $3,745Bank premises and fixed assets
  • $1,614Other real estate owned
  • $0Goodwill and other intangibles
  • $2,225,317Life insurance assets
  • $58,292All other assets
  • $2,043,238Total liabilities and capital
  • $1,578,067Total liabilities
  • $1,560,910Total deposits
  • $1,578,067Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 130000.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $330,000Trading liabilities
  • $0Other borrowed funds
  • $5,171Subordinated debt
  • $182,079All other liabilities
  • $182,079Total equity capital
  • $182,079Total bank equity capital
  • $0Perpetual preferred stock
  • $12,216Common stock
  • $99,675Surplus
  • $70,188Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $14,574Income earned, not collected on loans
  • $0Earning assets
  • $6,746Long-term assets (5+ years)
  • $2,153,071Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $1,933,674Volatile liabilities
  • $2,162,186Insider loans
  • $1,397,685FHLB advances
  • $2,229,080Loans and leases held for sale
  • $5,176Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $184,335Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $88,463Restructured Loans and leases
  • $9,369Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $105,757Total interest income
  • $36,534Total interest expense
  • $69,223Net interest income
  • $6,502Provision for loan and lease losses
  • $10,475Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $1,250Trading account gains & fees
  • $9,225Additional noninterest income
  • $29,320Total noninterest expense
  • $15,933Salaries and employee benefits
  • $3,470Premises and equipment expense
  • $9,917Additional noninterest expense
  • $43,876Pre-tax net operating income
  • -$878Securities gains (losses)
  • $17,285Applicable income taxes
  • $25,713Income before extraordinary items
  • $0Extraordinary gains - net
  • $25,713Net income attributable to bank
  • $0Net charge-offs
  • $25,713Cash dividends
  • $4,840Sale, conversion, retirement of capital stock, net
  • $1,950Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.67%Yield on earning assets
  • 1.96%Cost of funding earning assets
  • 3.71%Net interest margin
  • 0.56%Noninterest income to earning assets
  • 1.57%Noninterest expense to earning assets
  • 1.36%Net operating income to assets
  • 1.33%Return on assets (ROA)
  • 2.22%Pretax return on assets
  • 16.45%Return on equity (ROE)
  • 15.21%Retained earnings to average equity (YTD only)
  • 0.36%Net charge-offs to loans
  • 134.34%Credit loss provision to net charge-offs
  • 10.41%Efficiency ratio
  • 36,789Assets per employee
  • 11.13%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 7.58%Loss allowance to loans
  • 0.49%Loss allowance to noncurrent loans
  • 55.51%Noncurrent assets plus other real estate owned to assets
  • 0.73%Noncurrent loans to loans
  • 0.89%Net loans and leases to deposits
  • 103.23%Net loans and leases to core deposits
  • 131.15%Equity capital to assets
  • 8.18%Core capital (leverage) ratio
  • 8.27%Tier 1 risk-based capital ratio
  • 13.19%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $1,933,674Average earning assets
  • $156,268Average equity
  • $1,863,705Average loans

List of branches

  • 1 California Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    081655Bofi Federal Bank12777 High Bluff Drive #100, San Diego, CA 92130July 04, 2000Full Service Brick and Mortar

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