BMO Harris Bank National Association

111 West Monroe Street
Chicago, IL 60603

 

2018 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 16571
Date Established 1947
Assets $113.23 billion
Loans $74.41 billion
Deposits $83.57 billion
Capital $15.62 billion

BMO Harris Bank National Association is an FDIC insured institution located in Chicago, IL. It was founded in 1947 and has approximately $113.23 billion in assets. Customers can open an account at one of its 630 branches.

For a more detailed analysis of BMO Harris Bank 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 BMO Harris Bank National Association’s loan portfolio are Commercial and Industrial Loans, 1-4 Family Residential Loans, and Commercial Real Estate.

Compared to other banks in Illinois, BMO Harris Bank National Association has a significantly higher percent of 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 16.63
Multifamily
Mortgages
1.12
Credit Card Loans 0.54
Consumer Auto Loans 4.52
Small Business Loans 1.11
Construction and Development Loans 2.86
Commercial Real Estate 9.83
Commercial and Industrial Loans 40.07
Farm Loans 0.82

Deposit Rates - November 20, 2018

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.05% $1 $4,999 Learn MoreShow Less
Money Market
0.30% $10,000 $24,999 Learn MoreShow Less
Money Market
0.50% $25,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.05% $5,000 $99,999 Learn MoreShow Less
3 Mo CD
0.05% $100,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.01% $1 $999 Learn MoreShow Less
Special: 12 Mo FIRA
1.00% $1,000 $100,000 Learn MoreShow Less
Special: 18 Mo FIRA
2.65% $5,000 $99,999 Learn MoreShow Less
Special: 30 Mo FIRA
3.00% $5,000 - Learn MoreShow Less
Special: 60 Mo FIRA
3.50% $5,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.10% $1 $4,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $4,999 Learn MoreShow Less
Checking Rates APY MIN FEE
Smart Money™ Account 0.00% $0 $5.00 Learn MoreShow Less
Smart Advantage™ Account 0.00% $0 $0.00 Learn MoreShow Less
Premier™ Account 0.00% $25,000 $30.00 Learn MoreShow Less

Loan Rates - November 20, 2018

Your Current Location: Virginia, VA 20146

Auto Loan Rates APR Rate Monthly Payment
5 Year 5.30% 5.30% $475.22
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

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

BMO Harris Bank 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:
Ashburn,Virginia


BMO Harris Bank National Association Locations

Financial Details

BMO Harris Bank National Association Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of BMO Harris Bank National Association. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
BMO Harris Bank National Association U.S. Bank Average
5.43% 7.92%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2018, BMO Harris Bank National Association had $859,769,000 in non-current loans and $24,600,000 in owned real estate. To cover these potential losses it had $15,616,023,000 in equity and $668,929,000 in loans loss reserves. That gives it a Texas Ratio of 5.43%.

Return on Equity
BMO Harris Bank National Association U.S. Bank Average
5.91% 9.77%

BMO Harris Bank National Association has a Return on Equity of 5.91% versus the BestCashCow average of 9.77%. 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
BMO Harris Bank National Association U.S. Bank Average
13.79% 12.31%

BMO Harris Bank National Association has a Capitalization of 13.79% versus the BestCashCow average of 12.31. 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.

BMO Harris Bank National Association Balance Sheet Analysis

As of June 30, 2018, BMO Harris Bank National Association had assets of $113,232,773,000, loans of $74,406,045,000, and deposits of $83,574,888,000. 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.

Summary Balance Sheet

June 30, 2018
ASSETS
Cash & Balances due from depository institutions $9.57 billion
Interest-bearing balances $7.77 billion
Total securities $17.96 billion
Federal funds sold and reverse repurchase $0.34 billion
Net loans and leases $74.41 billion
Loan loss allowance $0.67 billion
Trading account assets $0.56 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.02 billion
Goodwill and other intangibles $3.31 billion
All other assets $6.58 billion
     Total Assets $97.62 billion
LIABILITIES
Total deposits $83.57 billion
      Interest-bearing deposits $59.15 billion
      Deposits held in domestic offices $83.57 billion
      % insured (estimated) 51.52%
Federal funds purchased and repurchase agreements $0.33 billion
Trading liabilities $0.05 billion
Other borrowed funds $12.04 billion
Subordinated debt $0.40 billion
All other liabilities $1.22 billion
      Total Liabilities $97.62 billion
      Shareholders’ Equity $15.62 billion

Summary Income Statement

June 30, 2018
INCOME AND EXPENSES
Total Interest Income $1.82 billion
Total Interest Expense $0.33 billion
Net interest income $1.49 billion
Provision for loan and lease losses $0.07 billion
Total non interest income $0.53 billion
Total non interest expense $1.37 billion
Pre-tax Net Operating Income $0.58 billion

Frequently Asked Questions About Bmo Harris Bank National Association

Branches and Savings

Is Bmo Harris Bank National Association FDIC insured?

Yes. It is covered under FDIC Certificate #16571.

Why does Bmo Harris Bank National Association pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Bmo Harris Bank National Association CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Bmo Harris Bank National Association a commercial bank?

Yes

Where are Bmo Harris Bank National Association locations?

See branch locations nearby.

Is Bmo Harris Bank National Association open on Saturdays?

Is Bmo Harris Bank National Association open on Sundays?

What time does Bmo Harris Bank National Association open?

What time does Bmo Harris Bank National Association close?

Are Bmo Harris Bank National Association ATMs Open 24/7?

Do Bmo Harris Bank National Association ATMs accept cash deposits?

Can Bmo Harris Bank National Association customers use other ATMs?

Do Bmo Harris Bank National Association branches have notaries?

Will Bmo Harris Bank National Association notarize my document?

What address for Bmo Harris Bank National Association should I put for incoming ACH transfers?

Will the Bmo Harris Bank National Association branch print checks?

Do Bmo Harris Bank National Association checks expire?

Does Bmo Harris Bank National Association require US citizenship to open account?

Can Bmo Harris Bank National Association close my account?

Does Bmo Harris Bank National Association Report to credit bureaus?

Does Bmo Harris Bank National Association Use Equifax?

What is Bmo Harris Bank National Association's ACH Routing Number?

What is Bmo Harris Bank National Association's SWIFT code?

Products

Does Bmo Harris Bank National Association offer mortgages?

Compare mortgage rates here.

Does Bmo Harris Bank National Association offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bmo Harris Bank National Association offer personal loans?

Compare personal loan rates here.

Does Bmo Harris Bank National Association offer student loans?

Will Bmo Harris Bank National Association cash a check?

Will Bmo Harris Bank National Association redeem a savings bond?

Does Bmo Harris Bank National Association cash savings bonds?

Will Bmo Harris Bank National Association cash money orders?

Can Bmo Harris Bank National Association issue a money order?

Does Bmo Harris Bank National Association do currency exchange?

Background on The Bank

Who owns Bmo Harris Bank National Association?

How long has Bmo Harris Bank National Association been around?

Can Bmo Harris Bank National Association transfer to other banks?

Does Bmo Harris Bank National Association have quick pay?

Does Bmo Harris Bank National Association accept rolled coins?

Will Bmo Harris Bank National Association accept loose change?

Where is Bmo Harris Bank National Association headquarters?

Customer Reviews for BMO Harris Bank National Association


  • iamisay

    May 14, 2017 |

    Was offered one rate but when I got my monthly statement I was not given what was promised in writing and I have been fighting this for 3 months to get the interest rate I was promised in writing.

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