BMW Bank of North America in Salt Lake City, Utah (UT)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • BMW Bank of North America in Salt Lake City, Utah (UT)
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BMW Bank of North America - Overview

  • General
  • FDIC Certificate #: 35141
    Status: Active
    Federal Reserve ID: 2850722
    Date Established: November 12, 1999
    WWW: http://www.bmwusa.combanking/
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 75133
    Numeric code: 23
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Consumer Lending Specialization
    Date of Deposit Insurance: November 12, 1999
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 2735 East Parleys Way, Salt Lake City, UT 84109
    County: Salt Lake
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Salt Lake City
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Salt Lake City-Ogden, UT (#7160)
    Combined Statistical Area (CSA): Salt Lake City-Ogden-Clearfield, UT (#482)
    Core Based Statistical Area (CBSA): Salt Lake City, UT (#41620)
    CBSA Metro Statistical Area: Salt Lake City, UT (#41620)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $9,024.0 mil
    Equity capital: $999.6 mil
    Deposits held in domestic offices: $6,186.0 mil
    Return on assets (ROA): 2.63% ($237.3 mil)
    Quarterly return on assets: 2.39% ($215.7 mil)
    Return on Equity (ROE): 24.67% ($246.7 mil)
    Quarterly return on equity: 20.76% ($207.6 mil)
    Net income: $241.1 mil
    Quarterly Net income: $53.6 mil
    Pretax return on assets: 4.29% ($387,131.0 mil)
    Quarterly Pretax return on assets: 3.99% ($360,058.9 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 35Total employees (full-time equivalent)
  • $9,024,032Total assets
  • $31,938Cash and due from depository institutions
  • $5,742Interest-bearing balances
  • $2,275,000Securities
  • $93Federal funds sold & reverse repurchase agreements
  • $6,653,983Net loans & leases
  • $35,644Loan loss allowance
  • $0Trading account assets
  • $18Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $9,024,032Life insurance assets
  • $63,000All other assets
  • $8,024,418Total liabilities and capital
  • $6,186,004Total liabilities
  • $6,186,004Total deposits
  • $6,186,004Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 680000.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $900,000Trading liabilities
  • $0Other borrowed funds
  • $258,414Subordinated debt
  • $999,614All other liabilities
  • $999,614Total equity capital
  • $999,614Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $373,670Surplus
  • $625,943Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $11,266Income earned, not collected on loans
  • $0Earning assets
  • $16,822Long-term assets (5+ years)
  • $8,934,818Average Assets, year-to-date
  • $778,112Average Assets, quarterly
  • $9,182,017Volatile liabilities
  • $8,969,726Insider loans
  • $8,785,160FHLB advances
  • $8,943,091Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $988,097Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $994,618Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $618,398Total interest income
  • $183,086Total interest expense
  • $435,312Net interest income
  • $12,207Provision for loan and lease losses
  • $64,906Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $64,906Additional noninterest income
  • $94,998Total noninterest expense
  • $3,672Salaries and employee benefits
  • $334Premises and equipment expense
  • $90,992Additional noninterest expense
  • $393,013Pre-tax net operating income
  • $793Securities gains (losses)
  • $152,696Applicable income taxes
  • $241,110Income before extraordinary items
  • $0Extraordinary gains - net
  • $241,110Net income attributable to bank
  • $0Net charge-offs
  • $241,110Cash dividends
  • $29,342Sale, conversion, retirement of capital stock, net
  • $120,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.80%Yield on earning assets
  • 2.01%Cost of funding earning assets
  • 4.79%Net interest margin
  • 0.71%Noninterest income to earning assets
  • 1.04%Noninterest expense to earning assets
  • 2.62%Net operating income to assets
  • 2.63%Return on assets (ROA)
  • 4.29%Pretax return on assets
  • 24.67%Return on equity (ROE)
  • 12.39%Retained earnings to average equity (YTD only)
  • 0.43%Net charge-offs to loans
  • 41.60%Credit loss provision to net charge-offs
  • 13.81%Efficiency ratio
  • 18,991Assets per employee
  • 257.83%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 49.77%Loss allowance to loans
  • 0.53%Loss allowance to noncurrent loans
  • 316.39%Noncurrent assets plus other real estate owned to assets
  • 0.12%Noncurrent loans to loans
  • 0.17%Net loans and leases to deposits
  • 107.57%Net loans and leases to core deposits
  • 1907.64%Equity capital to assets
  • 11.08%Core capital (leverage) ratio
  • 11.05%Tier 1 risk-based capital ratio
  • 11.25%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $9,182,017Average earning assets
  • $977,301Average equity
  • $9,092,764Average loans

List of branches

  • 1 Utah Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    075133Bmw Bank Of North America2735 East Parleys Way, Salt Lake City, UT 84109November 12, 1999Full Service Brick and Mortar

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