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 $4 billion in assets. Customers can open an account at one of its 4 branches.

Deposit Rates - March 25, 2023

Overview 2023

General Bank Information

FDIC Insured Yes
FDIC Certificate # 26881
Date Established 1986
Assets $ 4.42 billion
Loans $ 5.53 billion
Deposits $ 5.07 billion
Capital $ 987.21 million

Summary Balance Sheet

Cash & Balances due from depository institutions $ 701.78 million
Interest-bearing balances $ 619.04 million
Total securities $ 133.50 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 5.53 billion
Loan loss allowance $ 34.37 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 17.05 million
All other assets $ 119.67 million
     Total Assets $ 5.55 billion

Total deposits $ 5.07 billion
      Interest-bearing deposits $ 4.95 billion
      Deposits held in domestic offices $ 5.07 billion
      % insured (estimated) 88.21%
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 $ 5.55 billion
      Shareholders’ Equity N.A.

Summary Income Statement

Total Interest Income $ 194.78 million
Total Interest Expense $ 26.92 million
Net interest income $ 167.86 million
Provision for loan and lease losses $ 23.04 million
Total non interest income $ 344.67 million
Total non interest expense $ 423.37 million
Pre-tax Net Operating Income $ 33.27 million

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