Bank of America, National Association

101 S Tryon St
Charlotte, NC 28202

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 3510
Date Established 1904
Assets $1,599.75 billion
Loans $843.03 billion
Deposits $1,240.22 billion
Capital $203.51 billion

Bank of America, National Association is an FDIC insured institution located in Charlotte, NC. It was founded in 1904 and has approximately $1606.23 billion in assets. Customers can open an account via one of its 5,118 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

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?

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 Credit Card Loans.

Compared to other banks in North Carolina, Bank of America, National Association has a significantly higher percent of Credit Card Loans, 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 32.68
Multifamily
Mortgages
0.64
Credit Card Loans 11.50
Consumer Auto Loans 3.67
Small Business Loans 0.67
Construction and Development Loans 1.12
Commercial Real Estate 5.63
Commercial and Industrial Loans 25.48
Farm Loans 0.15

Savings Rates

Your Current Location: New York, NY 10007

CD Rates APY MIN MAX
3 Mo CD 10K 0.03% $10,000 $24,999 Learn MoreShow Less
3 Mo CD 100K 0.03% $100,000 $499,999 Learn MoreShow Less
6 Mo CD 10K 0.03% $10,000 $24,999 Learn MoreShow Less
6 Mo CD 100K 0.03% $100,000 $499,999 Learn MoreShow Less
Special: 9 Mo CD 0.04% $5,000 - Learn MoreShow Less
Special: 12 Mo CD 0.07% $10,000 - Learn MoreShow Less
12 Mo CD 10K 0.05% $10,000 $24,999 Learn MoreShow Less
12 Mo CD 100K 0.05% $100,000 $499,999 Learn MoreShow Less
18 Mo CD 10K 0.07% $10,000 $24,999 Learn MoreShow Less
18 Mo CD 100K 0.07% $100,000 $499,999 Learn MoreShow Less
24 Mo CD 10K 0.10% $10,000 $24,999 Learn MoreShow Less
24 Mo CD 100K 0.10% $100,000 $499,999 Learn MoreShow Less
30 Mo CD 10K 0.10% $10,000 $24,999 Learn MoreShow Less
30 Mo CD 100K 0.10% $100,000 $499,999 Learn MoreShow Less
36 Mo CD 10K 0.12% $10,000 $24,999 Learn MoreShow Less
36 Mo CD 100K 0.12% $100,000 $499,999 Learn MoreShow Less
48 Mo CD 10K 0.15% $10,000 $24,999 Learn MoreShow Less
48 Mo CD 100K 0.15% $100,000 $499,999 Learn MoreShow Less
60 Mo CD 10K 0.15% $10,000 $24,999 Learn MoreShow Less
60 Mo CD 100K 0.15% $100,000 $499,999 Learn MoreShow Less
Savings Rates APY MIN MAX
Savings 2.5K 0.01% $1 - Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K 0.05% $1 $9,999 Learn MoreShow Less
Special: 9 Mo FIRA 0.04% $2,000 - Learn MoreShow Less
Special: 12 Mo FIRA 0.07% $2,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA 0K 0.03% $1 - Learn MoreShow Less
MM Rates APY MIN MAX
MM 10K 0.03% $1 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K 0.01% $1 $49,999 Learn MoreShow Less
Checking Rates APY MIN FEE
Bank of America Core Checking™ 0.00% $1,500 $12.00 Learn MoreShow Less
Bank of America Interest Checking™ Account 0.02% $10 $25.00 Learn MoreShow Less

Loan Rates

Your Current Location: New York, NY 10007

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
Line of Credit 2.24% 2.24% Varies Learn MoreShow Less
Auto Loan Rates APR Rate Monthly Payment
3 Year 2.24% 2.24% $718.69 Learn MoreShow Less
4 Year 2.24% 2.24% $545.00 Learn MoreShow Less
5 Year 2.24% 2.24% $440.82 Learn MoreShow Less
Refinance Mortgage Rates APR Rate Monthly Payment
15 Year Fixed Conforming 3.48% 3.25% $1,756.67 Learn MoreShow Less
15 Year Fixed Jumbo 3.43% 3.25% $1,756.67 Learn MoreShow Less
20 Year Fixed Jumbo 3.78% 3.63% $1,466.66 Learn MoreShow Less
20 Year Fixed Conforming 3.80% 3.63% $1,466.66 Learn MoreShow Less
30 Year Fixed Conforming 4.00% 3.88% $1,176.31 Learn MoreShow Less
30 Year Fixed Jumbo 3.99% 3.88% $1,176.31 Learn MoreShow Less
Purchase Mortgage Rates APR Rate Monthly Payment
15 Year Fixed Conforming 3.48% 3.25% $1,756.67 Learn MoreShow Less
15 Year Fixed Jumbo 3.43% 3.25% $1,756.67 Learn MoreShow Less
20 Year Fixed Jumbo 3.78% 3.63% $1,466.66 Learn MoreShow Less
20 Year Fixed Conforming 3.80% 3.63% $1,466.66 Learn MoreShow Less
30 Year Fixed Jumbo 3.99% 3.88% $1,176.31 Learn MoreShow Less
30 Year Fixed Conforming 4.00% 3.88% $1,176.31 Learn MoreShow Less

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:
New York,New York


Bank Of America, National Association Locations

Financial Details

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.

Texas Ratio
Bank of America, National Association U.S. Bank Average
11.23% 8.56%

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 June 30, 2015, Bank of America, National Association had $23,551,000,000 in non-current loans and $802,000,000 in owned real estate. To cover these potential losses it had $203,511,000,000 in equity and $13,308,000,000 in loans loss reserves. That gives it a Texas Ratio of 11.23%. 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
Bank of America, National Association U.S. Bank Average
8.26% 9.74%

Bank of America, National Association has a Return on Equity of 8.26% versus the BestCashCow average of 9.74%. 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
Bank of America, National Association U.S. Bank Average
12.72% 11.23%

Bank of America, National Association has a Capitalization of 12.72% versus the BestCashCow average of 11.23%. 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 March 31, 2015, Bank of America, National Association had assets of $1,606,232,000,000, loans of $843,032,000,000, and deposits of $1,240,222,000,000. 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.

Customer Comments for Bank of America, National Association


  • Larry Sweat

    February 26, 2015

    I own a 3/2 brick home built in 2006 in North Richland Hills, TX near Fort Worth that has a tax appraised value of $196,000. I currently have a single mortgage with a balance of $46,000. I will have this mortgage paid off within 12 months because I am paying at an accelerated monthly amount of $5000. My credit score is 806. Can you offer me a 3.93% HELOC for $75,000 that is locked for the first 24 months of the note which will not vary more than 2% per year after the first 24 months and can I pay interest only for the first 24 months?

  • Gus

    January 29, 2015

    It's an average bank. Nothing great. Good technology but high fees. Customer service is okay. It's the McDonald's of banking.

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