First America Bank in Bradenton, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • First America Bank in Bradenton, Florida (FL)
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First America Bank - Overview

  • General
  • FDIC Certificate #: 57722
    Status: Active
    Federal Reserve ID: 3271007
    Bank Holding Company (Regulatory Top Holder): First America Holdings Corporation (RSSDID: 3490769, Location: Bradenton, FL)
    Date Established: June 01, 2004
    WWW: http://www.firstamericabank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 423026
    Numeric code: 21
    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: Commercial Lending Specialization
    Date of Deposit Insurance: June 01, 2004
    Last Structure Change Effective Date: November 01, 2009
    Last Structure Change Process Date: April 05, 2010
    Last Data Update: April 05, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 2811 Manatee Avenue W, Bradenton, FL 34205
    County: Manatee
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Tampa
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Sarasota-Bradenton, FL (#7510)
    Combined Statistical Area (CSA): Sarasota-Bradenton-Punta Gorda, FL (#494)
    Core Based Statistical Area (CBSA): North Port-Bradenton-Sarasota, FL (#35840)
    CBSA Metro Statistical Area: North Port-Bradenton-Sarasota, FL (#35840)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $258.8 mil
    Equity capital: $24.6 mil
    Deposits held in domestic offices: $220.8 mil
    Return on assets (ROA): -1.17% (-$3.0 mil)
    Quarterly return on assets: -2.23% (-$5.8 mil)
    Return on Equity (ROE): -11.73% (-$2.9 mil)
    Quarterly return on equity: -23.13% (-$5.8 mil)
    Net income: -$3.1 mil
    Quarterly Net income: -$1.5 mil
    Pretax return on assets: -1.81% (-$4,683.5 mil)
    Quarterly Pretax return on assets: -3.31% (-$8,564.9 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
  • 54Total employees (full-time equivalent)
  • $258,757Total assets
  • $32,771Cash and due from depository institutions
  • $21,800Interest-bearing balances
  • $19,807Securities
  • $7,991Federal funds sold & reverse repurchase agreements
  • $168,950Net loans & leases
  • $3,958Loan loss allowance
  • $0Trading account assets
  • $14,408Bank premises and fixed assets
  • $1,138Other real estate owned
  • $1,653Goodwill and other intangibles
  • $258,757Life insurance assets
  • $12,039All other assets
  • $234,127Total liabilities and capital
  • $220,765Total liabilities
  • $196,725Total deposits
  • $220,765Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $13,050Trading liabilities
  • $0Other borrowed funds
  • $312Subordinated debt
  • $24,630All other liabilities
  • $24,630Total equity capital
  • $24,630Total bank equity capital
  • $0Perpetual preferred stock
  • $9,012Common stock
  • $21,342Surplus
  • $-5,724Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $9,548Income earned, not collected on loans
  • $0Earning assets
  • $756Long-term assets (5+ years)
  • $218,548Average Assets, year-to-date
  • $44,779Average Assets, quarterly
  • $263,479Volatile liabilities
  • $264,081Insider loans
  • $169,627FHLB advances
  • $264,584Loans and leases held for sale
  • $1,377Unused loan commitments
  • $1,377Tier 1 (core) risk-based capital
  • $20,047Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $16,274Restructured Loans and leases
  • $7,131Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,651Total interest income
  • $2,819Total interest expense
  • $6,832Net interest income
  • $5,717Provision for loan and lease losses
  • $1,223Total noninterest income
  • $0Fiduciary activities
  • $449Service charges on deposit accounts
  • $0Trading account gains & fees
  • $774Additional noninterest income
  • $7,188Total noninterest expense
  • $3,356Salaries and employee benefits
  • $1,356Premises and equipment expense
  • $2,476Additional noninterest expense
  • -$4,850Pre-tax net operating income
  • $84Securities gains (losses)
  • -$1,682Applicable income taxes
  • -$3,084Income before extraordinary items
  • $0Extraordinary gains - net
  • -$3,084Net income attributable to bank
  • $0Net charge-offs
  • -$3,084Cash dividends
  • $4,868Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.22%Yield on earning assets
  • 1.23%Cost of funding earning assets
  • 2.99%Net interest margin
  • 0.53%Noninterest income to earning assets
  • 3.14%Noninterest expense to earning assets
  • -1.19%Net operating income to assets
  • -1.17%Return on assets (ROA)
  • -1.81%Pretax return on assets
  • -11.73%Return on equity (ROE)
  • -11.73%Retained earnings to average equity (YTD only)
  • 2.71%Net charge-offs to loans
  • 117.44%Credit loss provision to net charge-offs
  • 0.18%Efficiency ratio
  • 87,660Assets per employee
  • 4.79%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.29%Loss allowance to noncurrent loans
  • 41.45%Noncurrent assets plus other real estate owned to assets
  • 4.13%Noncurrent loans to loans
  • 5.52%Net loans and leases to deposits
  • 76.53%Net loans and leases to core deposits
  • 82.93%Equity capital to assets
  • 9.52%Core capital (leverage) ratio
  • 7.58%Tier 1 risk-based capital ratio
  • 11.82%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $263,479Average earning assets
  • $26,288Average equity
  • $228,650Average loans

List of branches

  • 5 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0423026First America Bank2811 Manatee Avenue W, Bradenton, FL 34205June 01, 2004Full Service Brick and Mortar
    3468039Downtown Sarasota Branch15 South Palm Avenue, Sarasota, FL 34236September 12, 2007Full Service Brick and Mortar
    461814Palmetto Branch410 8th Avenue West, Palmetto, FL 34221December 07, 1998Full Service Brick and Mortar
    5445569Ellenton Branch7204 U.S. Highway 301 North, Ellenton, FL 34222October 07, 2002Full Service Brick and Mortar
    6507032Osprey Branch1307 South Tamiami Trail, Osprey, FL 34229November 01, 2009Full Service Brick and Mortar

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