BMW Bank of North America

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BMW Bank of North America Locations

Deposit Rates - April 16, 2021

Overview 2021

General Bank Information

FDIC Insured Yes
FDIC Certificate # 35141
Date Established 1999
Assets $ 11.51 billion
Loans $ 8.62 billion
Deposits $ 7.75 billion
Capital $ 1,638.49 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 544.64 million
Interest-bearing balances $ 527.60 million
Total securities $ 2.27 billion
Federal funds sold and reverse repurchase $ 0.10 million
Net loans and leases $ 8.62 billion
Loan loss allowance $ 88.47 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 $ 71.02 million
     Total Assets $ 9.87 billion

LIABILITIES
Total deposits $ 7.75 billion
      Interest-bearing deposits $ 7.75 billion
      Deposits held in domestic offices $ 7.75 billion
      % insured (estimated) 92.13%
Federal funds purchased and repurchase agreements $ 50.00 million
Trading liabilities N.A.
Other borrowed funds $ 1,858.03 million
Subordinated debt N.A.
All other liabilities $ 207.65 millionn
      Total Liabilities $ 9.87 billion
      Shareholders’ Equity $ 1,638.49 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 431.32 million
Total Interest Expense $ 188.45 million
Net interest income $ 242.87 million
Provision for loan and lease losses $ 83.27 million
Total non interest income $ 70.19 million
Total non interest expense $ 79.27 million
Pre-tax Net Operating Income $ 150.52 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 $12 billion in assets. Customers can open an account at one of its 1 branches.