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


  • First American International Bank in Brooklyn, New York (NY)
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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
  • NoIDNameAddressEstablishedService TypeMap
    075659First American International Bank5503 Eighth Avenue, Brooklyn, NY 11220November 15, 1999Full Service Brick and Mortar
    1363194Bowery Branch29 Bowery, New York, NY 10002January 11, 2002Full Service Brick and Mortar
    242420842-04 Main Street, Flushing Branch42-04/06/08 Main Street, Flushing, NY 11355July 28, 2003Full Service Brick and Mortar
    3428863Eighth Avenue Branch5902 Eighth Avenue, Brooklyn, NY 11220January 15, 2004Full Service Brick and Mortar
    4441486East Broadway Branch123 East Broadway, New York, NY 10002April 28, 2005Full Service Brick and Mortar
    5444559Grand Street Branch238/240 Grand Street, New York, NY 10002August 08, 2005Full Service Brick and Mortar
    6452193Forest Hills Branch107-50 Queens Blvd., Forest Hills, NY 11375May 01, 2006Full Service Brick and Mortar
    7453800Elmhurst Branch86-03 Queens Blvd., Elmhurst, NY 11373July 26, 2006Full Service Brick and Mortar
    8466277Flushing Centre Branch40-48 Main St, Flushing, NY 11354September 25, 2006Full Service Brick and Mortar

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