About Bank of America, National Association

Bank of America, National Association was established on 1904. The bank's headquarters are located at 100 N Tryon St in Charlotte, North Carolina. It has 5 branches.

Bank of America, National Association is an FDIC insured bank with FDIC number 3510 managing assets to the value of $2,258,832,000 as of 12/31/2020.

Bank of America, National Association has a Texas ratio of 3.11%.
The bank Texas Ratio is an indicator of the bank's health developed at RBC Capital Markets to measure a financial institution's credit troubles. The lower the Texas Ratio, the healthier the bank.

About the Bank

3.11%
Texas Ratio
FDIC Certificate #

3510

Active Insured Since #

1/1/1934

Financial Profile

Dollar figures in thousands (000's)

As of 12/31/2020
Total Assets $2,258,832,000
Equity Capital $218,615,000
Total Deposits $1,906,458,000
Total Liabilities $2,040,217,000
Total Securities $663,158,000
Net Loans And Leases $910,794,000
Loan Loss Allowance $18,779,000
Total Loans And Leases $929,573,000
YTD (as of 12/31/2020)
Return On Assets 0.68%
Return On Equity 6.73%
Total Interest Income $46,439,000
Total Interest Expense $2,686,000
Total Non Interest Income $23,127,000
Total Non Interest Expense $39,051,000

Headquarters

100 N Tryon St 28202, Charlotte

Bank of America, National Association branches near me

Total Loans and Leases Statistics

Total Loans and Leases $929,573,000 In thousands (000's) * All data provided by fdic.gov updated 12/31/2020

Bank of America, National Association Mortgage Loans Profile

Classic Bank

46.49%

Application Approval Rate

Classic Bank

$397,329

Average Mortgage Loan Amount

Classic Bank

461,569

Number of Loan Applications

Classic Bank

$196,516

Average Income of Applicants with Approved Loans

Classic Bank

0.88%

Average Cost of Loans

Classic Bank

34.33%

Average Debt to Income Ratio

* All data provided by the Home Mortgage Disclosure Act, at cfpb.gov updated 12/31/2019

Distribution of Mortgage Loans

Top Counties by Number of Mortgage Loan Applications

1 Los Angeles

Number of Loan Applications
26,706
Average Loan Amount
$668,134
Approval Rate
47.14%
Average Income of Approved Loans’ Applicants
$278,034

2 Orange

Number of Loan Applications
12,856
Average Loan Amount
$617,106
Approval Rate
52.78%
Average Income of Approved Loans’ Applicants
$263,178

3 Santa Clara

Number of Loan Applications
12,137
Average Loan Amount
$804,267
Approval Rate
63.86%
Average Income of Approved Loans’ Applicants
$265,266

4 Maricopa

Number of Loan Applications
10,521
Average Loan Amount
$281,564
Approval Rate
47.52%
Average Income of Approved Loans’ Applicants
$145,459

5 Alameda

Number of Loan Applications
9,040
Average Loan Amount
$644,409
Approval Rate
60.65%
Average Income of Approved Loans’ Applicants
$226,511

6 King

Number of Loan Applications
8,401
Average Loan Amount
$519,484
Approval Rate
58.40%
Average Income of Approved Loans’ Applicants
$210,614

Top States by Number of Mortgage Loan Applications

1 California

Number of Loan Applications
113,353
Average Loan Amount
$605,701
Approval Rate
51.04%
Average Income of Approved Loans’ Applicants
$243,408

2 Florida

Number of Loan Applications
50,018
Average Loan Amount
$253,449
Approval Rate
37.56%
Average Income of Approved Loans’ Applicants
$156,962

3 Texas

Number of Loan Applications
33,490
Average Loan Amount
$267,663
Approval Rate
41.05%
Average Income of Approved Loans’ Applicants
$164,311

4 New Jersey

Number of Loan Applications
24,132
Average Loan Amount
$346,475
Approval Rate
47.34%
Average Income of Approved Loans’ Applicants
$218,209

5 New York

Number of Loan Applications
22,370
Average Loan Amount
$718,529
Approval Rate
48.46%
Average Income of Approved Loans’ Applicants
$324,495

6 North Carolina

Number of Loan Applications
17,758
Average Loan Amount
$245,005
Approval Rate
52.06%
Average Income of Approved Loans’ Applicants
$144,778