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
No
ID
Name
Address
Established
Service Type
Map
0
81655
Bofi Federal Bank
12777 High Bluff Drive #100, San Diego, CA 92130
July 04, 2000
Full Service Brick and Mortar
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