BMW Bank of North America

Headquarters

2735 East Parleys Way, Suite #301
Salt Lake City, UT 84109
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

BMW Bank of North America is an FDIC insured institution located in Salt Lake City, UT. It was founded in 1999 and has approximately $11.35 billion in assets.

FDIC Insured Yes
FDIC Certificate # 35141
Date Established 1999
Assets $ 11.35 billion
Loans $ 8.47 billion
Deposits $ 8.18 billion
Capital $ 1,569.03 million
 

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

Deposit Rates - October 24, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - October 24, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for BMW Bank of North America

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

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Payment
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Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.575% 2.500% 1.00 $2,470 $988 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to BMW Bank of North America
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Branches

BMW Bank of North America 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


BMW Bank of North America Locations


Financial Details

BMW Bank of North America Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of BMW Bank of North America. 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
BMW Bank of North America U.S. Bank Average
0.63% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its 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 March 31, 2020, BMW Bank of North America had $10,026,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $1,569,032,000 in equity and $20,198,000 in loans loss reserves. That gives it a Texas Ratio of 0.63%.

Return on Equity
BMW Bank of North America U.S. Bank Average
9.72% 7.80%

BMW Bank of North America has a Return on Equity of 9.72% versus the BestCashCow average of 7.80%. 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
BMW Bank of North America U.S. Bank Average
13.82% 12.68%

BMW Bank of North America has a Capitalization of 13.82% versus the BestCashCow average of 12.68. 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.

BMW Bank of North America Balance Sheet Analysis

As of March 31, 2020, BMW Bank of North America had assets of $11,352,231,000, loans of $8,467,457,000, and deposits of $8,180,689,000. 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

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 461.99 million
Interest-bearing balances $ 447.70 million
Total securities $ 2.40 billion
Federal funds sold and reverse repurchase $ 0.10 million
Net loans and leases $ 8.47 billion
Loan loss allowance $ 20.20 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 26.31 million
     Total Assets $ 9.78 billion
LIABILITIES
Total deposits $ 8.18 billion
      Interest-bearing deposits $ 8.18 billion
      Deposits held in domestic offices $ 8.18 billion
      % insured (estimated) 95.32%
Federal funds purchased and repurchase agreements $ 306.00 million
Trading liabilities N.A.
Other borrowed funds $ 1,193.34 million
Subordinated debt N.A.
All other liabilities $ 103.17 million
      Total Liabilities $ 9.78 billion
      Shareholders’ Equity $ 1,569.03 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 111.51 million
Total Interest Expense $ 52.93 million
Net interest income $ 58.58 million
Provision for loan and lease losses $ 4.96 million
Total non interest income $ 18.36 million
Total non interest expense $ 19.03 million
Pre-tax Net Operating Income $ 52.96 million

Bank Loan Profile?

The top three loan types in BMW Bank of North America’s loan portfolio are Consumer Auto Loans, Commercial and Industrial Loans, and Multifamily Mortgages.

Compared to other banks in Utah, BMW Bank of North America has a significantly higher percent of Consumer Auto 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 0.00
Multifamily
Mortgages
0.21
Credit Card Loans 0.00
Consumer Auto Loans 100.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 1.26
Farm Loans 0.00

Frequently Asked Questions About Bmw Bank Of North America

Branches and Savings

Is Bmw Bank Of North America FDIC insured?

Yes. It is covered under FDIC Certificate #35141.

Why does Bmw Bank Of North America pay such low interest on savings accounts?

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

Why are Bmw Bank Of North America CD rates not competitive?

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

Is Bmw Bank Of North America a commercial bank?

Yes

Where are Bmw Bank Of North America locations?

See branch locations nearby.

Is Bmw Bank Of North America open on Saturdays?

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Will Bmw Bank Of North America notarize my document?

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Does Bmw Bank Of North America Report to credit bureaus?

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Products

Does Bmw Bank Of North America offer mortgages?

Compare mortgage rates here.

Does Bmw Bank Of North America offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bmw Bank Of North America offer personal loans?

Compare personal loan rates here.

Does Bmw Bank Of North America offer student loans?

Will Bmw Bank Of North America cash a check?

Will Bmw Bank Of North America redeem a savings bond?

Does Bmw Bank Of North America cash savings bonds?

Will Bmw Bank Of North America cash money orders?

Can Bmw Bank Of North America issue a money order?

Does Bmw Bank Of North America do currency exchange?

Background on The Bank

Who owns Bmw Bank Of North America?

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Can Bmw Bank Of North America transfer to other banks?

Does Bmw Bank Of North America have quick pay?

Does Bmw Bank Of North America accept rolled coins?

Will Bmw Bank Of North America accept loose change?

Where is Bmw Bank Of North America headquarters?

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