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. 0.85% →
1-Year CD N.A. 0.85% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 1.25% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 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 $11.51 billion in assets.

FDIC Insured Yes
FDIC Certificate # 35141
Date Established 1999
Assets $ 11.51 billion
Loans $ 8.62 billion
Deposits $ 7.49 billion
Capital $ 1,640.54 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 - December 8, 2021

Your Current Location: Virginia, VA 20146

 

Loan Rates - December 8, 2021

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 2021

Lender APR Rate (%) Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.872% 3.750%
1.00 points
$3,750 fees
$1,158 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
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Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
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Flagstar Bank-Heloc
Flagstar Bank-Heloc
See Table
4.990 %
$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



Climate Initiatives

BMW Bank of North America is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

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
0.75% 4.78%

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 June 30, 2021, BMW Bank of North America had $12,848,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $1,640,540,000 in equity and $67,465,000 in loans loss reserves. That gives it a Texas Ratio of 0.75%.

Return on Equity
BMW Bank of North America U.S. Bank Average
13.9% 11.29%

BMW Bank of North America has a Return on Equity of 13.9% versus the BestCashCow average of 11.29%. 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
14.25% 11.72%

BMW Bank of North America has a Capitalization of 14.25% versus the BestCashCow average of 11.72. 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 June 30, 2021, BMW Bank of North America had assets of $11,509,256,000, loans of $8,621,344,000, and deposits of $7,486,417,000. 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, 2021
ASSETS
Cash & Balances due from depository institutions $ 505.72 million
Interest-bearing balances $ 484.64 million
Total securities $ 2.32 billion
Federal funds sold and reverse repurchase $ 0.10 million
Net loans and leases $ 8.62 billion
Loan loss allowance $ 67.47 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 $ 63.06 million
     Total Assets $ 9.87 billion
LIABILITIES
Total deposits $ 7.49 billion
      Interest-bearing deposits $ 7.49 billion
      Deposits held in domestic offices $ 7.49 billion
      % insured (estimated) 94.37%
Federal funds purchased and repurchase agreements $ 398.00 million
Trading liabilities N.A.
Other borrowed funds $ 1,743.24 million
Subordinated debt N.A.
All other liabilities $ 241.06 million
      Total Liabilities $ 9.87 billion
      Shareholders’ Equity $ 1,640.54 million

Summary Income Statement

June 30, 2021
INCOME AND EXPENSES
Total Interest Income $ 192.21 million
Total Interest Expense $ 68.68 million
Net interest income $ 123.53 million
Provision for loan and lease losses N.A.
Total non interest income $ 38.66 million
Total non interest expense $ 37.50 million
Pre-tax Net Operating Income $ 149.61 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
0.19
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 0.32
Farm Loans 0.00

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