BMW Bank of North America

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Your current location is: Virginia, Ashburn View Branches Statewide →
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BMW Bank of North America Locations

Rates - June 6, 2020

Your current location is: Virginia, Ashburn

Overview 2020

General Bank Information

FDIC Insured Yes
FDIC Certificate # 35141
Date Established 1999
Assets $ 10.57 billion
Loans $ 7.78 billion
Deposits $ 6.37 billion
Capital $ 1,687.55 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 359.08 million
Interest-bearing balances $ 337.82 million
Total securities $ 2.40 billion
Federal funds sold and reverse repurchase $ 0.10 million
Net loans and leases $ 7.78 billion
Loan loss allowance $ 18.63 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 $ 34.41 million
     Total Assets $ 8.89 billion

LIABILITIES
Total deposits $ 6.37 billion
      Interest-bearing deposits $ 6.37 billion
      Deposits held in domestic offices $ 6.37 billion
      % insured (estimated) 94.00%
Federal funds purchased and repurchase agreements $ 518.00 million
Trading liabilities N.A.
Other borrowed funds $ 1,785.52 million
Subordinated debt N.A.
All other liabilities $ 212.20 millionn
      Total Liabilities $ 8.89 billion
      Shareholders’ Equity $ 1,687.55 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 422.36 million
Total Interest Expense $ 211.61 million
Net interest income $ 210.76 million
Provision for loan and lease losses $ 9.04 million
Total non interest income $ 78.60 million
Total non interest expense $ 79.25 million
Pre-tax Net Operating Income $ 201.07 million

BMW Bank of North America is an FDIC insured institution headquartered at 2735 East Parleys Way, Suite #301, Salt Lake City, UT 84109.
It was founded in 1999 and has approximately $11 billion in assets. Customers can open an account at one of its 1 branches.