First American Bank SSB in Bryan, Texas (TX)



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First American Bank SSB
GeneralFDIC Certificate #: 27444
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Citibank Texas, National Association (#32623)
Federal Reserve ID: 1363168
Date Established: Febuary 09, 1989
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 8 (Interstate: No)
FDIC's unique #: 39938
Numeric code: 41
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
FDIC Insured: Yes
Insured Savings Institution: Yes
State Chartered: Yes
Date of Deposit Insurance: Febuary 09, 1989
Last Structure Change Effective Date: September 01, 2000
Last Structure Change Process Date: November 01, 2000
Last Data Update: November 01, 2000
Data Source Date: April 05, 2012
LocationAddress: 1111 Briarcrest Drive, Bryan, TX 77802
County: Brazos
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Austin
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): Bryan-College Station, TX (#1260)
Core Based Statistical Area (CBSA): College Station-Bryan, TX (#17780)
CBSA Metro Statistical Area: College Station-Bryan, TX (#17780)
Financial SummaryTotal assets: $444.4 mil

1992 - 1999 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, 1999)
(Dollar figures in thousands)
Total employees (full-time equivalent)235
Total assets$443,332
Cash and due from depository institutions$28,261
Interest-bearing balances$5,877
Securities$68,044
Federal funds sold & reverse repurchase agreements$4,631
Net loans & leases$321,014
Loan loss allowance $2,325
Trading account assets$0
Bank premises and fixed assets$10,452
Other real estate owned$193
Goodwill and other intangibles$1,743
All other assets$8,994
Life insurance assets$0
Total liabilities and capital$443,332
Total liabilities$408,694
Total deposits$391,022
Interest-bearing deposits$306,844
Deposits held in domestic offices$391,022
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $14,983
Subordinated debt $0
All other liabilities $2,689
Total equity capital$34,638
Total bank equity capital$34,638
Perpetual preferred stock$34,638
Common stock$0
Surplus$2,800
Undivided profits $21,200
Memoranda
Noncurrent loans and leases $10,638
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $66,590
Income earned, not collected on loans $0
Earning assets $710
Long-term assets (5+ years) $0
Average Assets, year-to-date $2,629
Average Assets, quarterly $399,566
Volatile liabilities $24,292
Insider loans $425,059
FHLB advances $433,355
Loans and leases held for sale $56,745
Unused loan commitments $1,800
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $16,603
Total unused commitments $66,590
Restructured Loans and leases $779
Derivatives$2,325
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Income and Expense (December 31, 1999)
(Dollar figures in thousands)
Total interest income $29,915
Total interest expense $10,250
Net interest income $19,665
Provision for loan and lease losses $150
Total noninterest income $4,655
Fiduciary activities $649
Service charges on deposit accounts $3,035
Trading account gains & fees $0
Additional noninterest income $971
Total noninterest expense $14,804
Salaries and employee benefits $8,436
Premises and equipment expense $2,131
Additional noninterest expense $4,237
Pre-tax net operating income $9,366
Securities gains (losses) $0
Applicable income taxes $3,234
Income before extraordinary items $6,132
Extraordinary gains - net $0
Net income attributable to bank $6,132
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $54
Net operating income $5,025
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Performance and Condition Ratios (December 31, 1999)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets7.91%
Cost of funding earning assets 2.71%
Net interest margin 5.20%
Noninterest income to earning assets 1.23%
Noninterest expense to earning assets 3.92%
Net operating income to assets 1.44%
Return on assets (ROA) 1.44%
Pretax return on assets 2.20%
Return on equity (ROE) 17.99%
Retained earnings to average equity (YTD only) 3.25%
Net charge-offs to loans 0.02%
Credit loss provision to net charge-offs 277.78%
Efficiency ratio176.22%
Assets per employee$60,234
Cash dividends to net income (YTD only)1.89%
Condition Ratios (%)
Loss allowance to loans 81.95%
Loss allowance to noncurrent loans 0.72%
Noncurrent assets plus other real estate owned to assets 327.46%
Noncurrent loans to loans 0.20%
Net loans and leases to deposits0.22%
Net loans and leases to core deposits 82.10%
Equity capital to assets 91.91%
Core capital (leverage) ratio 7.81%
Tier 1 risk-based capital ratio 7.77%
Total risk-based capital ratio 9.94%
Memoranda
Average assets$11
Average earning assets$425,059
Average equity $34,092
Average loans $377,978
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