First American International Bank in city_name, state_name - Detailed Financial Reports, Location

First American International Bank in Brooklyn, New York (NY)
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First American International Bank routing number info

First American International Bank - Overview

General
FDIC Certificate #: 35186
Status: Active
Federal Reserve ID: 2857794
Bank Holding Company (Regulatory Top Holder): First American International Corp. (RSSDID: 3266302, Location: Brooklyn, NY)
Date Established: November 15, 1999
WWW: http://www.faib.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 9 (Domestic: 9, Interstate: No)
FDIC's unique #: 75659
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: November 15, 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: 5503 Eighth Avenue, Brooklyn, NY 11220
County: Kings
Quarterly Banking Profile Region: New York
FDIC Geographic Region: New York
FDIC Supervisory Region: New York
FDIC Field Office: New York City
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Northeast
Metropolitan Statistical Area (MSA): New York, NY (#5600)
Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70)
Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
Core Based Statistical Area (CBSA): New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
CBSA Metro Statistical Area: New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
Core Based Statistical Division: New York-White Plains-Wayne, NY-NJ (#35644)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $532.8 mil
Equity capital: $59.2 mil
Deposits held in domestic offices: $452.5 mil
Return on assets (ROA): 0.25% ($1.3 mil)
Quarterly return on assets: 0.77% ($4.1 mil)
Return on Equity (ROE): 2.40% ($1.4 mil)
Quarterly return on equity: 7.06% ($4.2 mil)
Net income: $1.4 mil
Quarterly Net income: $1.0 mil
Pretax return on assets: 0.39% ($2,078.0 mil)
Quarterly Pretax return on assets: 1.13% ($6,020.7 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
177Total employees (full-time equivalent)
$532,809Total assets
$47,672Cash and due from depository institutions
$41,964Interest-bearing balances
$44,311Securities
$1,531Federal funds sold & reverse repurchase agreements
$393,327Net loans & leases
$15,681Loan loss allowance
$0Trading account assets
$13,911Bank premises and fixed assets
$1,081Other real estate owned
$5,320Goodwill and other intangibles
$532,809Life insurance assets
$25,656All other assets
$473,562Total liabilities and capital
$452,520Total liabilities
$393,725Total deposits
$452,520Interest-bearing deposits
$98Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$15,350Trading liabilities
$0Other borrowed funds
$5,692Subordinated debt
$59,247All other liabilities
$59,247Total equity capital
$59,247Total bank equity capital
$17,000Perpetual preferred stock
$5,218Common stock
$36,295Surplus
$734Undivided profits
Memoranda
$0Noncurrent loans and leases
$6,068Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$26,272Income earned, not collected on loans
$0Earning assets
$2,417Long-term assets (5+ years)
$481,133Average Assets, year-to-date
$152,772Average Assets, quarterly
$571,375Volatile liabilities
$541,630Insider loans
$435,181FHLB advances
$533,945Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$54,843Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$30,235Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$32,806Total interest income
$6,511Total interest expense
$26,295Net interest income
$3,500Provision for loan and lease losses
$489Total noninterest income
$0Fiduciary activities
$356Service charges on deposit accounts
$0Trading account gains & fees
$133Additional noninterest income
$21,429Total noninterest expense
$9,534Salaries and employee benefits
$3,815Premises and equipment expense
$8,080Additional noninterest expense
$1,855Pre-tax net operating income
$345Securities gains (losses)
$793Applicable income taxes
$1,407Income before extraordinary items
$0Extraordinary gains - net
$1,407Net income attributable to bank
$0Net charge-offs
$1,407Cash dividends
$9,992Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.35%Yield on earning assets
1.26%Cost of funding earning assets
5.09%Net interest margin
0.09%Noninterest income to earning assets
4.15%Noninterest expense to earning assets
0.21%Net operating income to assets
0.25%Return on assets (ROA)
0.39%Pretax return on assets
2.40%Return on equity (ROE)
2.40%Retained earnings to average equity (YTD only)
2.19%Net charge-offs to loans
35.03%Credit loss provision to net charge-offs
0.54%Efficiency ratio
80,007Assets per employee
3.01%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.83%Loss allowance to noncurrent loans
59.69%Noncurrent assets plus other real estate owned to assets
5.13%Noncurrent loans to loans
6.42%Net loans and leases to deposits
86.92%Net loans and leases to core deposits
92.45%Equity capital to assets
11.12%Core capital (leverage) ratio
10.27%Tier 1 risk-based capital ratio
12.60%Total risk-based capital ratio
Memoranda
$14Average assets
$571,375Average earning assets
$58,741Average equity
$516,852Average loans

List of branches

9 New York Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	75659	First American International Bank	5503 Eighth Avenue, Brooklyn, NY 11220	November 15, 1999	Full Service Brick and Mortar
1	363194	Bowery Branch	29 Bowery, New York, NY 10002	January 11, 2002	Full Service Brick and Mortar
2	424208	42-04 Main Street, Flushing Branch	42-04/06/08 Main Street, Flushing, NY 11355	July 28, 2003	Full Service Brick and Mortar
3	428863	Eighth Avenue Branch	5902 Eighth Avenue, Brooklyn, NY 11220	January 15, 2004	Full Service Brick and Mortar
4	441486	East Broadway Branch	123 East Broadway, New York, NY 10002	April 28, 2005	Full Service Brick and Mortar
5	444559	Grand Street Branch	238/240 Grand Street, New York, NY 10002	August 08, 2005	Full Service Brick and Mortar
6	452193	Forest Hills Branch	107-50 Queens Blvd., Forest Hills, NY 11375	May 01, 2006	Full Service Brick and Mortar
7	453800	Elmhurst Branch	86-03 Queens Blvd., Elmhurst, NY 11373	July 26, 2006	Full Service Brick and Mortar
8	466277	Flushing Centre Branch	40-48 Main St, Flushing, NY 11354	September 25, 2006	Full Service Brick and Mortar

First American International Bank in Brooklyn, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

First American International Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

First American International Bank in Brooklyn, New York (NY)Overview, Financial Summary, Detailed Financial Reports, Branches

First American International Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

First American International Bank in Brooklyn, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches