BOM Bank is headquartered in Natchitoches and is the 20th largest bank in the state of Louisiana. It is also the 1,217th largest bank in the nation. It was established in 1903 and as of June of 2022, it had grown to 144 employees at 16 locations. BOM Bank has an A health rating.
I opened a checking account with BOM on Feb 1 2021. After a few weeks getting to know my way around the various banking procedures, I have now settled into a VERY pleasant banking experience. The online features for moving money in and out have been very convenient! Banking online has become a necessity, and BOM does a great job. Before this, I have had several accounts with other banks all over the country. To have a great account that pays rewards for your good banking practices is wonderful - and to have it locally is even better!
Just very impressed and enjoying being a customer.
My initial experience in trying to open an account on line at BOM was a bomb! A few weeks later I decided to just drive to the bank and open an account in person. It turns out that they had recently been purchased by another bank and did not know all the requirements or how to handle online accounts and were not getting much help from their parent bank.
After I opened my account in person, everything has been great and I have had no further issues, so I am upgrading my review to 4 stars. I would have given them 5 stars by the online account opening process seems very archaic and dysfunctional. Hopefully it has improved since Feb 2020.
|FDIC Certificate #||1373|
|Return on Assets - YTD||2.33%|
|Return on Equity - YTD||24.19%|
|Annual Interest Income||$15.1MM|
|Assets and Liabilities|
|Assets||Q2 2022vs Q2 2021||$775.8MM$655.4MM|
|Loans||Q2 2022vs Q2 2021||$612.5MM$550.6MM|
|Deposits||Q2 2022vs Q2 2021||$690.0MM$550.6MM|
|Equity Capital||Q2 2022vs Q2 2021||$82.2MM$61.7MM|
|Loan Loss Allowance||Q2 2022vs Q2 2021||$4.8MM$4.0MM|
|Unbacked Noncurrent Loans||Q2 2022vs Q2 2021||$2.6MM$1.3MM|
|Real Estate Owned||Q2 2022vs Q2 2021||$0$209.00K|
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|APY||MIN||MAX||ACCOUNT NAME||VIEW DETAILS|
|4.09%||-||$15k||BOM Premium Checking Account|