I tour full time for a living, so I am in a different state everyday. And when I am not, I am online shopping, and sometimes the sites not all that secured, I knew I needed not keep all earnings in one bank account because i risked too much at one time. I started looking around a year or so ago, and of course anything named Bank X is going to draw you in. It's like a top secret. I kind of went on a whim signing up, but honestly it is so smooth. It's just been an all around good experience- from the actual site to the mobile banking. 5 stars.
At first glance I began to look at the list of banks and see the banks I currently am a member although their titles seemed quite less appealing then some of the other banks. Bank X immediately stuck out to me in the list because it started with the letter B and the aggressive characteristics of being bank X. Upon arriving at Bank X website, I was not shocked however I was impressed because they have managed to simplify banking which most other institutions have had difficulties with that's apparent from the statistics on the front page. As far as an all around starting financial institution goes they seem to offer the all the perks.
|FDIC Certificate #||35546|
|Return on Assets - YTD||1.78%|
|Return on Equity - YTD||20.27%|
|Annual Interest Income||$285.4MM|
|Assets and Liabilities|
|Assets||Q4 2015vs Q4 2014||$6.66B$5.19B|
|Loans||Q4 2015vs Q4 2014||$5.74B$4.43B|
|Deposits||Q4 2015vs Q4 2014||$5.23B$4.01B|
|Equity Capital||Q4 2015vs Q4 2014||$587.1MM$451.1MM|
|Loan Loss Allowance||Q4 2015vs Q4 2014||$35.1MM$23.2MM|
|Unbacked Noncurrent Loans||Q4 2015vs Q4 2014||$26.5MM$34.9MM|
|Real Estate Owned||Q4 2015vs Q4 2014||$396.00K$698.00K|
Bank X is an Internet only bank and does not have branch locations. Its headquarters is located at 4350 La Jolla Village Drive, Suite 140 - San Diego, CA 92122