Axiom Bank N.a. Mortgage Rates, Fees & Info

Maitland, FL

LEI: 254900FIT283V26LD641

Tax ID: 59-1008568

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • 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: Orlando, Gainesville, Boston, El Dorado, and Providence among others. We have data for 44 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.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    73

    Origination Dollar Volume (All Markets)

    $11,815,000

    Employee count

    155

    Top 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
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 5 $4,895,000 $979,000 $0 4.83%
    GAINESVILLE, FL (FHA|USDA|VA) 1 $2,405,000 $2,405,000 $0 4.50%
    Outside of Metro Areas 9 $655,000 $72,778 $0 6.08%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 3 $385,000 $128,333 $0 6.44%
    El Dorado, AR (FHA|USDA|VA) 2 $260,000 $130,000 $5,722 5.38%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 3 $235,000 $78,333 $0 6.75%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 4 $200,000 $50,000 $0 6.06%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 3 $155,000 $51,667 $0 6.11%
    KINGSTON, NY (FHA|USDA|VA) 1 $145,000 $145,000 $0 5.95%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 3 $135,000 $45,000 $0 6.40%
    DOVER, DE (FHA|USDA|VA) 2 $130,000 $65,000 $0 4.83%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 3 $125,000 $41,667 $0 6.51%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $115,000 $115,000 $0 6.75%
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) 2 $110,000 $55,000 $0 6.50%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $105,000 $105,000 $0 7.00%
    DOTHAN, AL (FHA|USDA|VA) 1 $95,000 $95,000 $0 6.99%
    Albertville, AL (FHA|USDA|VA) 1 $95,000 $95,000 $0 5.75%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $85,000 $85,000 $2,463 5.50%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $85,000 $85,000 $0 5.95%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $85,000 $85,000 $0 5.75%
    Meridian, MS (FHA|USDA|VA) 1 $85,000 $85,000 $0 6.50%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2 $80,000 $40,000 $0 6.88%
    SPRINGFIELD, MA (FHA|USDA|VA) 1 $75,000 $75,000 $0 6.75%
    Centralia, IL (FHA|USDA|VA) 1 $75,000 $75,000 $0 7.50%
    TYLER, TX (FHA|USDA|VA) 1 $75,000 $75,000 $0 6.75%
    BAY CITY, MI (FHA|USDA|VA) 1 $65,000 $65,000 $0 6.25%
    SALISBURY, MD-DE (FHA|USDA|VA) 1 $65,000 $65,000 $0 6.25%
    Laurel, MS (FHA|USDA|VA) 1 $65,000 $65,000 $0 6.99%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $65,000 $65,000 $0 6.99%
    Ottawa, KS (FHA|USDA|VA) 1 $65,000 $65,000 $0 6.25%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $65,000 $65,000 $0 6.99%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.50%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.50%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $45,000 $45,000 $0 5.20%
    Lake City, FL (FHA|USDA|VA) 1 $45,000 $45,000 $0 5.75%
    UTICA-ROME, NY (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.20%
    Malvern, AR (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.75%
    OWENSBORO, KY (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.25%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $35,000 $35,000 $0 6.00%
    McAlester, OK (FHA|USDA|VA) 1 $35,000 $35,000 $0 8.25%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $35,000 $35,000 $0 6.00%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $35,000 $35,000 $0 6.45%
    Tahlequah, OK (FHA|USDA|VA) 1 $35,000 $35,000 $0 6.25%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $25,000 $25,000 $0 7.25%
    Axiom Bank N.a.'s top markets include Orlando, Gainesville, Boston, El Dorado, and Providence among others.

    Their top states include:
  • Florida (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 73 $11,815,000 $161,849 $4,092 6.19%

    For 2020, Axiom Bank N.a.'s most frequently originated type of loan was Conventional, with 73 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 69 $11,585,000 $167,899 $4,092 6.22%
    Cash Out Refi 3 $155,000 $51,667 $0 5.92%
    Refi 1 $75,000 $75,000 $0 4.95%

    For 2020, Axiom Bank N.a.'s most frequently cited loan purpose was Home Purchase, with 69 originations. The 2nd most popular reason was Cash Out Refi, with 3 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 56 $4,050,000 $72,321 $2,463 6.26%
    15 Year 10 $320,000 $32,000 $0 6.80%
    5 Year 4 $4,790,000 $1,197,500 $0 4.58%
    10 Year 1 $55,000 $55,000 $0 6.50%
    3 Year 1 $2,405,000 $2,405,000 $0 4.50%
    Other 1 $195,000 $195,000 $5,722 4.00%

    For 2020, Axiom Bank N.a.'s most frequently cited loan duration was 20 Year, with 56 originations. The 2nd most popular length was 15 Year, with 10 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 1 $85,000 $85,000
    $5k+ 1 $195,000 $195,000

    Axiom Bank N.a.'s average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 1 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 40 $2,510,000 $62,750
    5-6% 19 $1,515,000 $79,737
    4-5% 8 $7,400,000 $925,000
    7-8% 4 $160,000 $40,000
    3-4% 1 $195,000 $195,000
    Over 8% 1 $35,000 $35,000

    During 2020, Axiom Bank N.a.'s average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 6-7%, with 40 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 59 $3,385,000 $57,373 $2,463 6.35%
    $100k-200k 9 $1,235,000 $137,222 $5,722 6.04%
    $1MM+ 3 $5,565,000 $1,855,000 $0 4.60%
    $600k-1MM 2 $1,630,000 $815,000 $0 4.50%

    2020 saw Axiom Bank N.a. place emphasis on $100,000 or less loans with 59 originations, totaling $3,385,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 28 $1,480,000 $52,857 $0 6.52%
    $50k-75k 23 $1,715,000 $74,565 $4,092 6.21%
    $100k-150k 8 $780,000 $97,500 $0 5.93%
    $75k-100k 8 $580,000 $72,500 $0 6.20%
    $150k-250k 1 $65,000 $65,000 $0 6.25%

    Axiom Bank N.a. lent most frequently to those with incomes in the $50k or less range, with 28 originations. The second most popular income band? $50k-75k, with 23 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 25 $1,775,000 $71,000 $0 6.44%
    20-30% 20 $1,460,000 $73,000 $5,722 6.04%
    <20% 9 $595,000 $66,111 $2,463 6.39%
    36% 4 $200,000 $50,000 $0 6.56%
    42% 2 $140,000 $70,000 $0 5.88%
    38% 2 $140,000 $70,000 $0 5.85%
    40% 2 $70,000 $35,000 $0 6.23%
    41% 2 $100,000 $50,000 $0 7.12%
    39% 1 $35,000 $35,000 $0 6.00%
    37% 1 $105,000 $105,000 $0 7.00%

    Axiom Bank N.a. lent most frequently to those with DTI ratios of 30-36%, with 25 originations. The next most common DTI ratio? 20-30%, with 20 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 5 $7,195,000 $1,439,000 $0 4.56%
    White 62 $4,210,000 $67,903 $4,092 6.25%
    Not provided 4 $290,000 $72,500 $0 6.63%
    Black 1 $85,000 $85,000 $0 6.50%
    American Indian 1 $35,000 $35,000 $0 8.25%

    Approval Rates

    Total approvals of all applications
    75.42%

    Axiom Bank N.a. has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    41.10%

    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
    NA 73 $11,815,000 $161,849

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $7,195,000 $1,439,000
    Single Family (1-4 Units):Manufactured 68 $4,620,000 $67,941

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $55,000 $55,000 $0 4.70%
    40-60% 3 $1,075,000 $358,333 $0 5.35%
    60-80% 27 $6,745,000 $249,815 $2,463 6.01%
    80-100% 41 $3,865,000 $94,268 $5,722 6.43%
    Under 20% 1 $75,000 $75,000 $0 4.95%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Axiom Bank, National Association 1050 East Van Fleet Drive Bartow, FL 33830 Full Service Retail $6,457
    Axiom Bank, National Association 11110 Causeway Boulevard Brandon, FL 33511 Full Service Retail $10,086
    Axiom Bank, National Association 13490 Beach Blvd Jacksonville, FL 32224 Full Service Retail $13,737
    Axiom Bank, National Association 1471 East Osceola Parkway Kissimmee, FL 34744 Full Service Retail $17,476
    Axiom Bank, National Association 1590 Dunlawton Ave Port Orange, FL 32127 Full Service Retail $75,466
    Axiom Bank, National Association 1601 Rinehart Rd Sanford, FL 32771 Full Service Retail $24,338
    Axiom Bank, National Association 16418 New Independence Parkway Winter Garden, FL 34787 Full Service B&M $14,470
    Axiom Bank, National Association 2500 S Kirkman Rd Orlando, FL 32811 Full Service Retail $9,138
    Axiom Bank, National Association 2501 Citrus Blvd Leesburg, FL 34748 Full Service Retail $25,369
    Axiom Bank, National Association 258 Southhall Lane Maitland, FL 32751 Full Service B&M $187,311
    Axiom Bank, National Association 2600 Southwest 19th Avenue Ocala, FL 34471 Full Service Retail $11,592
    Axiom Bank, National Association 3501 South Florida Avenue Lakeland, FL 33803 Full Service Retail $13,613
    Axiom Bank, National Association 355 Cypress Gardens Blvd Winter Haven, FL 33880 Full Service Retail $23,376
    Axiom Bank, National Association 4400 13th St Saint Cloud, FL 34769 Full Service Retail $22,514
    Axiom Bank, National Association 508 10th St E Palmetto, FL 34221 Full Service Retail $24,286
    Axiom Bank, National Association 5315 Cortez Road West Bradenton, FL 34210 Full Service Retail $16,471
    Axiom Bank, National Association 5991 S. Goldenrod Rd Orlando, FL 32822 Full Service Retail $22,116
    Axiom Bank, National Association 715 South Goldwyn Avenue Orlando, FL 32805 Full Service Retail $8,066
    Axiom Bank, National Association 8808 Beach Blvd Jacksonville, FL 32216 Full Service Retail $21,923
    Axiom Bank, National Association 9205 Gibsonton Dr Gibsonton, FL 33534 Full Service Retail $12,579

    For 2020, Axiom Bank N.a. had 20 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $28,743
    Net interest income $19,634
    Total noninterest income $4,481
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,148
    Trading account gains and fees $0
    Additional Noninterest Income $3,333
    Pre-tax net operating income $-6,533
    Securities gains (or losses, -) $1,936
    Income before extraordinary items $-3,607
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $-3,607
    Minority interest net income $0
    Net income $-3,607
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $-5,136

    Axiom Bank N.a.'s gross interest income from loans was $28,743,000.
    Axiom Bank N.a.'s net interest income from loans was $19,634,000.
    Axiom Bank N.a.'s fee based income from loans was $1,148,000.
    Axiom Bank N.a.'s net income from loans was $-3,607,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $9,109
    Provision for credit losses $2,549
    Total noninterest expense $28,099
    Salaries and employee benefits $14,811
    Premises and equipment expense $3,484
    Additional noninterest expense $9,804
    Applicable income taxes $-990
    Net charge-offs $379
    Cash dividends $0

    Axiom Bank N.a.'s interest expense for loans was $9,109,000.
    Axiom Bank N.a.'s payroll and benefits expense were $14,811,000.
    Axiom Bank N.a.'s property, plant and equipment expenses $3,484,000.

    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 3.0%
    HELOC loans 0.0%
    All other family 3.0%
    Commercial & industrial loans 0.0%
    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 $543,789
    Deposits held in domestic offices $543,789
    Deposits by Individuals, partnerships, and corporations $465,401
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $77,100
    Deposits by Commercial banks and other depository institutions in U.S. $1,288
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $97,040
    Demand deposits $93,663
    Nontransaction accounts $446,749
    Money market deposit accounts (MMDAs) $112,390
    Other savings deposits (excluding MMDAs) $22,312
    Total time deposits $312,047
    Total time and savings deposits $450,126
    Noninterest-bearing deposits $97,040
    Interest-bearing deposits $446,749
    Retail deposits $397,461
    IRAs and Keogh plan accounts $17,045
    Brokered deposits $6,094
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $653,895
    Cash & Balances due from depository institutions $106,051
    Interest-bearing balances $99,860
    Total securities $0
    Federal funds sold & reverse repurchase $0
    Net loans and leases $505,171
    Loan and leases loss allowance $6,846
    Trading account assets $0
    Bank premises and fixed assets $14,338
    Other real estate owned $140
    Goodwill and other intangibles $15,466
    All other assets $12,729

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $653,894
    Total Liabilities $556,436
    Total deposits $543,789
    Interest-bearing deposits $446,749
    Deposits held in domestic offices $543,789
    % insured (estimated) $66
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $10,000
    Subordinated debt $0
    All other liabilities $2,647

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $505,171
    Loan and leases loss allowance $6,846
    Total loans and leases (domestic) $512,017
    All real estate loans $308,043
    Real estate loans in domestic offices $308,043
    Construction and development loans $21,711
    Residential 1-4 family construction $2,413
    Other construction, all land development and other land $19,298
    Loans secured by nonfarm nonresidential properties $168,825
    Nonfarm nonresidential secured by owner-occupied properties $19,207
    Commercial real estate & other non-farm, non-residential $149,618
    Multifamily residential real estate $10,869
    1-4 family residential loans $106,638
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $105,500
    To non-U.S. addressees $0
    Loans to individuals $99,778
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $99,778
    All other loans & leases $143
    Loans to foreign governments and official institutions $0
    Other loans $143
    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 $3,786
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Axiom Bank N.A. had $505,171,000 of loans outstanding in 2020. $308,043,000 of loans were in real estate loans. $21,711,000 of loans were in development loans. $10,869,000 of loans were in multifamily mortgage loans. $106,638,000 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 40 $9,842 $246,050
    Nonfarm, nonresidential loans - <$100k 9 $888 $98,667
    Nonfarm, nonresidential loans - $100-250k 7 $861 $123,000
    Nonfarm, nonresidential loans - $250k-1MM 24 $8,093 $337,208
    Commercial & Industrial, US addressed loans - <$1MM 477 $53,614 $112,398
    Commercial & Industrial, US addressed loans - <$100k 261 $10,188 $39,034
    Commercial & Industrial, US addressed loans - $100-250k 130 $13,888 $106,831
    Commercial & Industrial, US addressed loans - $250k-1MM 86 $29,538 $343,465