Bank of America, National Association

101 S Tryon St
Charlotte, NC 28202

General Bank Information

FDIC Insured Yes

FDIC Certificate # 3510

Date Established 1904

Bank of America, National Association is an FDIC insured institution located in Charlotte, NC. It was founded in 1904 and has approximately $1524.58 billion in assets. Customers can open an account via one of its 5,399 branches.

One of the largest banks in the US by assets (along with Citigroup and JPMorgan Chase), Bank of America also boasts one of the country's most extensive branch networks with more than 5,900 locations covering some 40 states from coast to coast. Its core services include consumer and small business banking, credit cards, and asset management. In early 2009 Bank of America paid some $50 billion in stock for Merrill Lynch, which had been crippled by the global credit crisis. The acquisition of the once-mighty investment bank known as "The Bull," which has an extensive retail brokerage network, beefs up Bank of America's wealth management, investment banking, and international business

Bank of America, National Association Financial Size

Assets $1,524.58 billion
Loans $743.11 billion
Deposits $1,202.85 billion
Capital $182.34 billion

For a more detailed analysis of Bank of America, National Association's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 39.29
Multifamily
Mortgages
0.77
Credit Card Loans 0.00
Consumer Auto Loans 4.00
Small Business Loans 0.80
Construction and Development Loans 1.27
Commercial Real Estate 6.18
Commercial and Industrial Loans 27.16
Farm Loans 0.17



The top three loan types in Bank of America, National Association’s loan portfolio are 1-4 Family Residential Loans, Commercial and Industrial Loans, and Commercial Real Estate.

Compared to other banks in North Carolina, Bank of America, National Association has a significantly higher percent of Consumer Auto Loans, Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.


Your Current Location:
NEW JERSEY, NJ 07095


CD Rates APY Min Max More
3 Mo CD 10K 0.03% $10,000 $24,999
3 Mo CD 100K 0.03% $100,000 $499,999
6 Mo CD 10K 0.03% $10,000 $24,999
6 Mo CD 100K 0.03% $100,000 $499,999
Special: 9 Mo CD 0.05% $5,000 -
Special: 12 Mo CD 0.08% $10,000 -
12 Mo CD 10K 0.05% $10,000 $24,999
12 Mo CD 100K 0.05% $100,000 $499,999
18 Mo CD 10K 0.07% $10,000 $24,999
18 Mo CD 100K 0.07% $100,000 $499,999
24 Mo CD 10K 0.10% $10,000 $24,999
24 Mo CD 100K 0.10% $100,000 $499,999
30 Mo CD 10K 0.10% $10,000 $24,999
30 Mo CD 100K 0.10% $100,000 $499,999
36 Mo CD 10K 0.12% $10,000 $24,999
36 Mo CD 100K 0.12% $100,000 $499,999
48 Mo CD 10K 0.15% $10,000 $24,999
48 Mo CD 100K 0.15% $100,000 $499,999
60 Mo CD 10K 0.15% $10,000 $24,999
60 Mo CD 100K 0.15% $100,000 $499,999
Savings Rates APY Min Max More
Savings 2.5K 0.01% $1 -
Fixed IRA Rates APY Min Max More
Fixed IRA 0K 0.05% $1 $9,999
Special: 9 Mo FIRA 0.05% $2,000 -
Special: 12 Mo FIRA 0.08% $2,000 -
Variable IRA Rates APY Min Max More
Var IRA 0K 0.03% $1 -
MM Rates APY Min Max More
MM 10K 0.03% $1 -
Int Checking Rates APY Min Max More
Int Ckg 0K 0.01% $1 $9,999
Checking Rates APY Min Fee More
Bank of America Core Checking™ 0.00% $1,500 $12.00
Bank of America Interest Checking™ Account 0.02% $10 $25.00

Your Current Location:
NEW JERSEY, NJ 07095


BestCashCow tracks mortgage, home equity, and auto loan rates. In the future, we will be adding other loan products. Please contact the lender for questions about their loan products.


Home Equity Rates APR Rate Monthly Payment More
Line of Credit 1.99% 1.99% Varies
Auto Loan Rates APR Rate Monthly Payment More
3 Year 2.34% 2.34% $719.78
4 Year 2.34% 2.34% $546.10
5 Year 2.34% 2.34% $441.92
Refinance Mortgage Rates APR Rate Monthly Payment More
15 Year Fixed Jumbo 3.25% 3.13% $1,393.70
15 Year Fixed Conforming 3.42% 3.25% $1,405.34
20 Year Fixed Conforming 3.88% 3.75% $1,185.78
30 Year Fixed Conforming 3.97% 3.88% $941.05
30 Year Fixed Jumbo 4.05% 4.00% $954.83
Purchase Mortgage Rates APR Rate Monthly Payment More
15 Year Fixed Jumbo 3.25% 3.13% $1,393.70
15 Year Fixed Conforming 3.42% 3.25% $1,405.34
20 Year Fixed Conforming 3.88% 3.75% $1,185.78
30 Year Fixed Conforming 3.97% 3.88% $941.05
30 Year Fixed Jumbo 4.05% 4.00% $954.83


Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Bank of America, National Association branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
WOODBRIDGE,NEW JERSEY



Bank Of America, National Association Locations

Bank of America, National Association Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of America, National Association. The data is provided by the FDIC. Please remember that all banks listed on BestCashCow.com are FDIC insured while all credit unions are similarly insured by the NCUA. No depositor has ever lost money while their funds have been insured by the FDIC or NCUA.

Bank of America, National Association U.S. Bank Average
Texas Ratio 16.04% 10.62%

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of September 30, 2014, Bank of America, National Association had $29,235,000,000 in non-current loans and $1,692,000,000 in owned real estate. To cover these potential losses it had $182,342,000,000 in equity and $10,492,000,000 in loans loss reserves. That gives it a Texas Ratio of 16.04%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity 7.03% 9.04%

Bank of America, National Association has a Return on Equity of 7.03% versus the BestCashCow average of 9.04%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization 11.96% 11.20%

Bank of America, National Association has a Capitalization of 11.96% versus the BestCashCow average of 11.20%. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Bank of America, National Association Balance Sheet Analysis

As of September 30, 2014, Bank of America, National Association had assets of $1,524,575,000,000, loans of $743,108,000,000, and deposits of $1,202,846,000,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

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