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: Punta Gorda, Phoenix, Salisbury, North Port, and Prescott Valley among others. We have data for 30 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
47Origination Dollar Volume (All Markets)
$12,275,000Employee count
128Top 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 |
|---|---|---|---|---|---|
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $8,145,000 | $8,145,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 6 | $510,000 | $85,000 | $0 | 0.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $0 | 0.00% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 0.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 3 | $275,000 | $91,667 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 3 | $165,000 | $55,000 | $0 | 0.00% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 0.00% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 0.00% |
| Holland, MI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 0.00% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| MONROE, MI (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| READING, PA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| YORK-HANOVER, PA (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 | 47 | $12,275,000 | $261,170 | $0 | 0.00% |
For 2021, Axiom Bank N.a.'s most frequently originated type of loan was Conventional, with 47 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 46 | $12,220,000 | $265,652 | $0 | 0.00% |
| Refi | 1 | $55,000 | $55,000 | $0 | 0.00% |
For 2021, Axiom Bank N.a.'s most frequently cited loan purpose was Home Purchase, with 46 originations. The 2nd most popular reason was Refi, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 47 | $12,275,000 | $261,170 | $0 | 0.00% |
For 2021, Axiom Bank N.a.'s most frequently cited loan duration was Other, with 47 originations.
Loan Sizing
2021 saw Axiom Bank N.a. place emphasis on $100,000 or less loans with 29 originations, totaling $1,835,000 in origination value.
Applicant Income
Axiom Bank N.a. lent most frequently to those with incomes in the $50k-75k range, with 19 originations. The second most popular income band? $75k-100k, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 47 | $12,275,000 | $261,170 | $0 | 0.00% |
Axiom Bank N.a. lent most frequently to those with DTI ratios of Exempt%, with 47 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications81.22%
Axiom Bank N.a. has a below average approval rate.
Pick Rate
Approvals leading to origination-36.17%
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 | 47 | $12,275,000 | $261,170 |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Axiom Bank, National Association | 11110 Causeway Boulevard Brandon, FL 33511 | Full Service Retail | $9,512 |
| Axiom Bank, National Association | 1471 East Osceola Parkway Kissimmee, FL 34744 | Full Service Retail | $16,660 |
| Axiom Bank, National Association | 1590 Dunlawton Ave Port Orange, FL 32127 | Full Service Retail | $93,035 |
| Axiom Bank, National Association | 1601 Rinehart Rd Sanford, FL 32771 | Full Service Retail | $32,201 |
| Axiom Bank, National Association | 16418 New Independence Parkway Winter Garden, FL 34787 | Full Service B&M | $42,946 |
| Axiom Bank, National Association | 2500 S Kirkman Rd Orlando, FL 32811 | Full Service Retail | $7,742 |
| Axiom Bank, National Association | 258 Southhall Lane Maitland, FL 32751 | Full Service B&M | $202,129 |
| Axiom Bank, National Association | 355 Cypress Gardens Blvd Winter Haven, FL 33880 | Full Service Retail | $35,972 |
| Axiom Bank, National Association | 4400 13th St Saint Cloud, FL 34769 | Full Service Retail | $19,443 |
| Axiom Bank, National Association | 508 10th St E Palmetto, FL 34221 | Full Service Retail | $28,031 |
| Axiom Bank, National Association | 715 South Goldwyn Avenue Orlando, FL 32805 | Full Service Retail | $9,130 |
| Axiom Bank, National Association | 862 South Orlando Avenue Winter Park, FL 32789 | Full Service B&M | $19,196 |
| Axiom Bank, National Association | 9205 Gibsonton Dr Gibsonton, FL 33534 | Full Service Retail | $9,356 |
For 2021, Axiom Bank N.a. had 13 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $26,713 |
| Net interest income | $22,149 |
| Total noninterest income | $4,890 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $752 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $4,138 |
| Pre-tax net operating income | $2,734 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $2,069 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $2,069 |
| Minority interest net income | $0 |
| Net income | $2,069 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $2,069 |
Axiom Bank N.a.'s gross interest income from loans was $26,713,000.
Axiom Bank N.a.'s net interest income from loans was $22,149,000.
Axiom Bank N.a.'s fee based income from loans was $752,000.
Axiom Bank N.a.'s net income from loans was $2,069,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $4,564 |
| Provision for credit losses | $35 |
| Total noninterest expense | $24,270 |
| Salaries and employee benefits | $13,435 |
| Premises and equipment expense | $3,002 |
| Additional noninterest expense | $7,833 |
| Applicable income taxes | $665 |
| Net charge-offs | $-65 |
| Cash dividends | $0 |
Axiom Bank N.a.'s interest expense for loans was $4,564,000.
Axiom Bank N.a.'s payroll and benefits expense were $13,435,000.
Axiom Bank N.a.'s property, plant and equipment expenses $3,002,000.
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 | 4.0% |
| HELOC loans | 0.0% |
| All other family | 4.0% |
| 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 | $537,647 |
| Deposits held in domestic offices | $537,647 |
| Deposits by Individuals, partnerships, and corporations | $440,778 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $96,620 |
| Deposits by Commercial banks and other depository institutions in U.S. | $249 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $119,848 |
| Demand deposits | $113,686 |
| Nontransaction accounts | $417,799 |
| Money market deposit accounts (MMDAs) | $131,420 |
| Other savings deposits (excluding MMDAs) | $29,020 |
| Total time deposits | $257,359 |
| Total time and savings deposits | $423,961 |
| Noninterest-bearing deposits | $119,848 |
| Interest-bearing deposits | $417,799 |
| Retail deposits | $331,826 |
| IRAs and Keogh plan accounts | $11,139 |
| Brokered deposits | $51,023 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $651,305 |
| Cash & Balances due from depository institutions | $161,788 |
| Interest-bearing balances | $154,513 |
| Total securities | $9,892 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $437,555 |
| Loan and leases loss allowance | $6,947 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $14,388 |
| Other real estate owned | $52 |
| Goodwill and other intangibles | $15,164 |
| All other assets | $12,466 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $651,305 |
| Total Liabilities | $551,836 |
| Total deposits | $537,647 |
| Interest-bearing deposits | $417,799 |
| Deposits held in domestic offices | $537,647 |
| % insured (estimated) | $52 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $10,000 |
| Subordinated debt | $0 |
| All other liabilities | $4,189 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $437,555 |
| Loan and leases loss allowance | $6,947 |
| Total loans and leases (domestic) | $444,502 |
| All real estate loans | $251,800 |
| Real estate loans in domestic offices | $251,800 |
| Construction and development loans | $30,360 |
| Residential 1-4 family construction | $9,296 |
| Other construction, all land development and other land | $21,064 |
| Loans secured by nonfarm nonresidential properties | $148,206 |
| Nonfarm nonresidential secured by owner-occupied properties | $15,065 |
| Commercial real estate & other non-farm, non-residential | $133,141 |
| Multifamily residential real estate | $6,224 |
| 1-4 family residential loans | $67,010 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $102,099 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $90,212 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $0 |
| Other loans to individuals | $90,212 |
| All other loans & leases | $391 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $391 |
| 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 | $2,156 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
Axiom Bank N.A. had $437,555,000 of loans outstanding in 2021. $251,800,000 of loans were in real estate loans. $30,360,000 of loans were in development loans. $6,224,000 of loans were in multifamily mortgage loans. $67,010,000 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 | 28 | $11,190 | $399,643 |
| Nonfarm, nonresidential loans - $100-250k | 3 | $677 | $225,667 |
| Nonfarm, nonresidential loans - $250k-1MM | 25 | $10,513 | $420,520 |
| Commercial & Industrial, US addressed loans - <$1MM | 237 | $28,751 | $121,312 |
| Commercial & Industrial, US addressed loans - <$100k | 87 | $3,747 | $43,069 |
| Commercial & Industrial, US addressed loans - $100-250k | 89 | $10,568 | $118,742 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 61 | $14,436 | $236,656 |