Banks | SoFi Bank, National Association

SoFi Bank, National Association

For information concerning SoFi Bank online bank, please click here.

SoFi Bank, National Association is an FDIC insured institution headquartered at 2750 E Cottonwood Pkwy, Cottonwood Heights, UT 84121.
It was founded in 1986 and has approximately $27 billion in assets. Customers can open an account at one of its 4 branches.

Deposit Rates - December 22, 2024

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 26881
Date Established 1986
Assets $ 27.36 billion
Loans $ 22.72 billion
Deposits $ 23.12 billion
Capital $ 3.80 billion

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 2.30 billion
Interest-bearing balances $ 2.21 billion
Total securities $ 1,426.02 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 22.72 billion
Loan loss allowance $ 51.91 million
Trading account assets $ 31.37 million
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 206.13 million
All other assets $ 119.67 million
     Total Assets $ 23.56 billion

LIABILITIES
Total deposits $ 23.12 billion
      Interest-bearing deposits $ 23.06 billion
      Deposits held in domestic offices $ 23.12 billion
      % insured (estimated) 97.47%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 571.05 million
Subordinated debt N.A.
All other liabilities $ 130.08 millionn
      Total Liabilities $ 23.56 billion
      Shareholders’ Equity $ 3.80 billion

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 1,239.64 million
Total Interest Expense $ 455.87 million
Net interest income $ 783.77 million
Provision for loan and lease losses $ 18.82 million
Total non interest income $ 166.41 million
Total non interest expense $ 665.29 million
Pre-tax Net Operating Income $ 33.27 million


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