Axiom Bank N.a. Mortgage Rates, Fees & Info
Maitland, FLLEI: 254900FIT283V26LD641
Tax ID: 59-1008568
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Review & Overview
Axiom Bank N.a. is a smaller bank specializing in Home Purchase loans. Axiom Bank N.a. has a high proportion of conventional loans. Their top markets by origination volume include: Deltona, Orlando, New York, North Port, and Atlantic City among others. We have data for 70 markets. (Some data included below & more in-depth data is available with an active subscription.)Axiom Bank N.a. has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
196Origination Dollar Volume (All Markets)
$20,540,000Employee count
193Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $3,305,000 | $3,305,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $2,330,000 | $582,500 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 23 | $2,045,000 | $88,913 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $1,605,000 | $1,605,000 | $0 | 0.00% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 14 | $970,000 | $69,286 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 7 | $715,000 | $102,143 | $0 | 0.00% |
| Outside of Metro Areas | 11 | $645,000 | $58,636 | $0 | 0.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 9 | $535,000 | $59,444 | $0 | 0.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 7 | $485,000 | $69,286 | $0 | 0.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 9 | $475,000 | $52,778 | $0 | 0.00% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 9 | $375,000 | $41,667 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 5 | $315,000 | $63,000 | $0 | 0.00% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 5 | $285,000 | $57,000 | $0 | 0.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 0.00% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 4 | $200,000 | $50,000 | $0 | 0.00% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 0.00% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 5 | $185,000 | $37,000 | $0 | 0.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 0.00% |
| Lawrenceburg, TN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 4 | $170,000 | $42,500 | $0 | 0.00% |
| Weatherford, OK (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| TUCSON, AZ (FHA|USDA|VA) | 4 | $160,000 | $40,000 | $0 | 0.00% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 0.00% |
| DeRidder, LA (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 0.00% |
| MONROE, MI (FHA|USDA|VA) | 3 | $145,000 | $48,333 | $0 | 0.00% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 0.00% |
| LAFAYETTE, LA (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 0.00% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 0.00% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 3 | $125,000 | $41,667 | $0 | 0.00% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 0.00% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Cadillac, MI (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 0.00% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 0.00% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 0.00% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Bainbridge, GA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| Jasper, AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| HATTIESBURG, MS (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $0 | 0.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| Minden, LA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| Oxford, MS (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 2 | $60,000 | $30,000 | $0 | 0.00% |
| UTICA-ROME, NY (FHA|USDA|VA) | 2 | $60,000 | $30,000 | $0 | 0.00% |
| JACKSON, MI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| NILES, MI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| Laurel, MS (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| SAGINAW, MI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| SALEM, OR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| ANN ARBOR, MI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| Adrian, MI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| TULSA, OK (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| Seneca, SC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| Paducah, KY-IL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 196 | $20,540,000 | $104,796 | $0 | 0.00% |
For 2019, Axiom Bank N.a.'s most frequently originated type of loan was Conventional, with 196 originations.
Loan Reason
For 2019, Axiom Bank N.a.'s most frequently cited loan purpose was Home Purchase, with 178 originations. The 2nd most popular reason was Cash Out Refi, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 196 | $20,540,000 | $104,796 | $0 | 0.00% |
For 2019, Axiom Bank N.a.'s most frequently cited loan duration was Other, with 196 originations.
Loan Sizing
2019 saw Axiom Bank N.a. place emphasis on $100,000 or less loans with 161 originations, totaling $8,845,000 in origination value.
Applicant Income
Axiom Bank N.a. lent most frequently to those with incomes in the $50k-75k range, with 65 originations. The second most popular income band? $50k or less, with 54 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 196 | $20,540,000 | $104,796 | $0 | 0.00% |
Axiom Bank N.a. lent most frequently to those with DTI ratios of Exempt%, with 196 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.92%
Axiom Bank N.a. has an average approval rate.
Pick Rate
Approvals leading to origination-15.31%
Axiom Bank N.a. has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 196 | $20,540,000 | $104,796 |
Occupancy Type Mix
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Axiom Bank, National Association | 1000 N Wickham Road Melbourne, FL 32935 | Full Service Retail | $3,472 |
| Axiom Bank, National Association | 1050 East Van Fleet Drive Bartow, FL 33830 | Full Service Retail | $6,498 |
| Axiom Bank, National Association | 11110 Causeway Boulevard Brandon, FL 33511 | Full Service Retail | $8,256 |
| Axiom Bank, National Association | 13490 Beach Blvd Jacksonville, FL 32224 | Full Service Retail | $16,185 |
| Axiom Bank, National Association | 1471 East Osceola Parkway Kissimmee, FL 34744 | Full Service Retail | $15,749 |
| Axiom Bank, National Association | 1590 Dunlawton Ave Port Orange, FL 32127 | Full Service Retail | $57,168 |
| Axiom Bank, National Association | 1601 Rinehart Rd Sanford, FL 32771 | Full Service Retail | $18,005 |
| Axiom Bank, National Association | 16418 New Independence Parkway Winter Garden, FL 34787 | Full Service B&M | $5,413 |
| Axiom Bank, National Association | 2500 S Kirkman Rd Orlando, FL 32811 | Full Service Retail | $7,287 |
| Axiom Bank, National Association | 2501 Citrus Blvd Leesburg, FL 34748 | Full Service Retail | $23,616 |
| Axiom Bank, National Association | 258 Southhall Lane Maitland, FL 32751 | Full Service B&M | $200,558 |
| Axiom Bank, National Association | 2600 Southwest 19th Avenue Ocala, FL 34471 | Full Service Retail | $8,278 |
| Axiom Bank, National Association | 2602 James L Redman Pkwy Plant City, FL 33566 | Full Service Retail | $2,290 |
| Axiom Bank, National Association | 3501 South Florida Avenue Lakeland, FL 33803 | Full Service Retail | $8,494 |
| Axiom Bank, National Association | 355 Cypress Gardens Blvd Winter Haven, FL 33880 | Full Service Retail | $18,869 |
| Axiom Bank, National Association | 4400 13th St Saint Cloud, FL 34769 | Full Service Retail | $19,004 |
| Axiom Bank, National Association | 508 10th St E Palmetto, FL 34221 | Full Service Retail | $25,536 |
| Axiom Bank, National Association | 5315 Cortez Road West Bradenton, FL 34210 | Full Service Retail | $12,637 |
| Axiom Bank, National Association | 5991 S. Goldenrod Rd Orlando, FL 32822 | Full Service Retail | $16,653 |
| Axiom Bank, National Association | 715 South Goldwyn Avenue Orlando, FL 32805 | Full Service Retail | $7,064 |
| Axiom Bank, National Association | 8808 Beach Blvd Jacksonville, FL 32216 | Full Service Retail | $18,206 |
| Axiom Bank, National Association | 9205 Gibsonton Dr Gibsonton, FL 33534 | Full Service Retail | $10,372 |
For 2019, Axiom Bank N.a. had 22 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $35,719 |
| Net interest income | $25,960 |
| Total noninterest income | $6,962 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $2,130 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $4,832 |
| Pre-tax net operating income | $1,609 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $1,165 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $1,165 |
| Minority interest net income | $0 |
| Net income | $1,165 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $1,165 |
Axiom Bank N.a.'s gross interest income from loans was $35,719,000.
Axiom Bank N.a.'s net interest income from loans was $25,960,000.
Axiom Bank N.a.'s fee based income from loans was $2,130,000.
Axiom Bank N.a.'s net income from loans was $1,165,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $9,759 |
| Provision for credit losses | $803 |
| Total noninterest expense | $30,510 |
| Salaries and employee benefits | $15,896 |
| Premises and equipment expense | $4,157 |
| Additional noninterest expense | $10,457 |
| Applicable income taxes | $444 |
| Net charge-offs | $1,284 |
| Cash dividends | $0 |
Axiom Bank N.a.'s interest expense for loans was $9,759,000.
Axiom Bank N.a.'s payroll and benefits expense were $15,896,000.
Axiom Bank N.a.'s property, plant and equipment expenses $4,157,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 0.0% |
| Real Estate loans | 1.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 2.0% |
| HELOC loans | 0.0% |
| All other family | 2.0% |
| Commercial & industrial loans | 1.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.0% |
| Other individual loans | 0.0% |
| Auto loans | 0.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $498,663 |
| Deposits held in domestic offices | $498,663 |
| Deposits by Individuals, partnerships, and corporations | $427,689 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $68,433 |
| Deposits by Commercial banks and other depository institutions in U.S. | $2,542 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $75,220 |
| Demand deposits | $69,899 |
| Nontransaction accounts | $423,444 |
| Money market deposit accounts (MMDAs) | $86,653 |
| Other savings deposits (excluding MMDAs) | $17,928 |
| Total time deposits | $318,863 |
| Total time and savings deposits | $428,765 |
| Noninterest-bearing deposits | $69,899 |
| Interest-bearing deposits | $428,764 |
| Retail deposits | $367,285 |
| IRAs and Keogh plan accounts | $18,949 |
| Brokered deposits | $26,938 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $672,019 |
| Cash & Balances due from depository institutions | $65,061 |
| Interest-bearing balances | $55,724 |
| Total securities | $51,862 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $514,633 |
| Loan and leases loss allowance | $4,676 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $10,960 |
| Other real estate owned | $865 |
| Goodwill and other intangibles | $15,768 |
| All other assets | $12,870 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $672,019 |
| Total Liabilities | $570,483 |
| Total deposits | $498,663 |
| Interest-bearing deposits | $428,764 |
| Deposits held in domestic offices | $498,663 |
| % insured (estimated) | $72 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $67,000 |
| Subordinated debt | $0 |
| All other liabilities | $4,820 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $514,633 |
| Loan and leases loss allowance | $4,676 |
| Total loans and leases (domestic) | $519,309 |
| All real estate loans | $350,059 |
| Real estate loans in domestic offices | $350,059 |
| Construction and development loans | $22,961 |
| Residential 1-4 family construction | $4,757 |
| Other construction, all land development and other land | $18,204 |
| Loans secured by nonfarm nonresidential properties | $157,138 |
| Nonfarm nonresidential secured by owner-occupied properties | $17,218 |
| Commercial real estate & other non-farm, non-residential | $139,920 |
| Multifamily residential real estate | $18,160 |
| 1-4 family residential loans | $151,800 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $62,761 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $106,653 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $0 |
| Other loans to individuals | $106,653 |
| All other loans & leases | $178 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $178 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $0 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $3,726 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
Axiom Bank N.A. had $514,633,000 of loans outstanding in 2019. $350,059,000 of loans were in real estate loans. $22,961,000 of loans were in development loans. $18,160,000 of loans were in multifamily mortgage loans. $151,800,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 of loans were in the auto loan category.
Small Business Loans
| Categorization | # of Loans in Category | $ amount of loans (in 000's) | Average $/loan |
|---|---|---|---|
| Nonfarm, nonresidential loans - <$1MM | 14 | $5,951 | $425,071 |
| Nonfarm, nonresidential loans - $100-250k | 2 | $300 | $150,000 |
| Nonfarm, nonresidential loans - $250k-1MM | 12 | $5,651 | $470,917 |
| Commercial & Industrial, US addressed loans - <$1MM | 130 | $27,041 | $208,008 |
| Commercial & Industrial, US addressed loans - <$100k | 61 | $4,331 | $71,000 |
| Commercial & Industrial, US addressed loans - $100-250k | 44 | $8,352 | $189,818 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 25 | $14,358 | $574,320 |