BMW Bank of North America in Salt Lake City, Utah (UT)
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BMW Bank of North America routing number info
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| BMW Bank of North America | |
|---|---|
| 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) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 35 |
| Total assets | $9,024,032 |
| Cash and due from depository institutions | $31,938 |
| Interest-bearing balances | $5,742 |
| Securities | $2,275,000 |
| Federal funds sold & reverse repurchase agreements | $93 |
| Net loans & leases | $6,653,983 |
| Loan loss allowance | $35,644 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $18 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $63,000 |
| Life insurance assets | $9,024,032 |
| Total liabilities and capital | $8,024,418 |
| Total liabilities | $6,186,004 |
| Total deposits | $6,186,004 |
| Interest-bearing deposits | $6,186,004 |
| Deposits held in domestic offices | $94 |
| % insured (estimated) | 680000.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $900,000 |
| Other borrowed funds | $0 |
| Subordinated debt | $258,414 |
| All other liabilities | $999,614 |
| Total equity capital | $999,614 |
| Total bank equity capital | $999,614 |
| Perpetual preferred stock | $0 |
| Common stock | $1 |
| Surplus | $373,670 |
| Undivided profits | $625,943 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $11,266 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $16,822 |
| Average Assets, year-to-date | $8,934,818 |
| Average Assets, quarterly | $778,112 |
| Volatile liabilities | $9,182,017 |
| Insider loans | $8,969,726 |
| FHLB advances | $8,785,160 |
| Loans and leases held for sale | $8,943,091 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $988,097 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $994,618 |
| Derivatives | $0 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $618,398 |
| Total interest expense | $183,086 |
| Net interest income | $435,312 |
| Provision for loan and lease losses | $12,207 |
| Total noninterest income | $64,906 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $0 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $64,906 |
| Total noninterest expense | $94,998 |
| Salaries and employee benefits | $3,672 |
| Premises and equipment expense | $334 |
| Additional noninterest expense | $90,992 |
| Pre-tax net operating income | $393,013 |
| Securities gains (losses) | $793 |
| Applicable income taxes | $152,696 |
| Income before extraordinary items | $241,110 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $241,110 |
| Net charge-offs | $0 |
| Cash dividends | $241,110 |
| Sale, conversion, retirement of capital stock, net | $29,342 |
| Net operating income | $120,000 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 6.80% |
| Cost of funding earning assets | 2.01% |
| Net interest margin | 4.79% |
| Noninterest income to earning assets | 0.71% |
| Noninterest expense to earning assets | 1.04% |
| Net operating income to assets | 2.62% |
| Return on assets (ROA) | 2.63% |
| Pretax return on assets | 4.29% |
| Return on equity (ROE) | 24.67% |
| Retained earnings to average equity (YTD only) | 12.39% |
| Net charge-offs to loans | 0.43% |
| Credit loss provision to net charge-offs | 41.60% |
| Efficiency ratio | 13.81% |
| Assets per employee | $18,991 |
| Cash dividends to net income (YTD only) | 257.83% |
| Condition Ratios (%) | |
| Loss allowance to loans | 49.77% |
| Loss allowance to noncurrent loans | 0.53% |
| Noncurrent assets plus other real estate owned to assets | 316.39% |
| Noncurrent loans to loans | 0.12% |
| Net loans and leases to deposits | 0.17% |
| Net loans and leases to core deposits | 107.57% |
| Equity capital to assets | 1907.64% |
| Core capital (leverage) ratio | 11.08% |
| Tier 1 risk-based capital ratio | 11.05% |
| Total risk-based capital ratio | 11.25% |
| Memoranda | |
| Average assets | $12 |
| Average earning assets | $9,182,017 |
| Average equity | $977,301 |
| Average loans | $9,092,764 |
| 1 Utah Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 75133 | Bmw Bank Of North America | 2735 East Parleys Way, Salt Lake City, UT 84109 | November 12, 1999 | Full Service Brick and Mortar |  |
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