FDIC Certificate #: 58453 Status: Active Federal Reserve ID: 3468656 Date Established: May 07, 2007 WWW:http://www.fabank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 452119 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: Yes Asset Concentration Hierarchy: Mortgage Lending Specialization Date of Deposit Insurance: May 07, 2007 Last Structure Change Effective Date: May 14, 2007 Last Structure Change Process Date: May 14, 2007 Last Data Update: May 14, 2007 Data Source Date: April 05, 2012
Location
Address: 12001 North Central Expressway, Suite 1165, Dallas, TX 75243 County: Dallas Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Dallas Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Dallas, TX (#1920) Consolidated Metropolitan Statistical Area (CMSA): Dallas-Fort Worth, TX (#31) Combined Statistical Area (CSA): Dallas-Fort Worth, TX (#206) Core Based Statistical Area (CBSA): Dallas-Fort Worth-Arlington, TX (#19100) CBSA Metro Statistical Area: Dallas-Fort Worth-Arlington, TX (#19100) Core Based Statistical Division: Dallas-Plano-Irving, TX (#19124)
History of Changes
Change in Geographic Region/Area/Territory/Field Office
Financial Summary
Total assets: $321.9 mil Equity capital: $42.3 mil Deposits held in domestic offices: $277.4 mil Return on assets (ROA): 1.66% ($5.3 mil) Quarterly return on assets: 1.23% ($4.0 mil) Return on Equity (ROE): 13.02% ($5.5 mil) Quarterly return on equity: 9.11% ($3.8 mil) Net income: $4.9 mil Quarterly Net income: $0.9 mil Pretax return on assets: 1.66% ($5,343.2 mil) Quarterly Pretax return on assets: 1.23% ($3,959.1 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
12Total employees (full-time equivalent)
$321,880Total assets
$12,725Cash and due from depository institutions
$10,618Interest-bearing balances
$290,482Securities
$0Federal funds sold & reverse repurchase agreements
$11,225Net loans & leases
$278Loan loss allowance
$0Trading account assets
$78Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$321,880Life insurance assets
$7,370All other assets
$279,627Total liabilities and capital
$277,450Total liabilities
$199,759Total deposits
$277,450Interest-bearing deposits
$99Deposits held in domestic offices
884.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$1,293Subordinated debt
$42,253All other liabilities
$42,253Total equity capital
$42,253Total bank equity capital
$0Perpetual preferred stock
$9,901Common stock
$11,090Surplus
$21,262Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$146Income earned, not collected on loans
$0Earning assets
$2,128Long-term assets (5+ years)
$312,325Average Assets, year-to-date
$271,870Average Assets, quarterly
$293,301Volatile liabilities
$309,330Insider loans
$73,828FHLB advances
$303,225Loans and leases held for sale
$3,929Unused loan commitments
$3,929Tier 1 (core) risk-based capital
$34,528Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$2,738Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$9,551Total interest income
$1,113Total interest expense
$8,438Net interest income
$216Provision for loan and lease losses
$139Total noninterest income
$0Fiduciary activities
$6Service charges on deposit accounts
$0Trading account gains & fees
$133Additional noninterest income
$4,712Total noninterest expense
$2,269Salaries and employee benefits
$149Premises and equipment expense
$2,294Additional noninterest expense
$3,649Pre-tax net operating income
$1,215Securities gains (losses)
$0Applicable income taxes
$4,864Income before extraordinary items
$0Extraordinary gains - net
$4,864Net income attributable to bank
$0Net charge-offs
$4,864Cash dividends
$0Sale, conversion, retirement of capital stock, net
$594Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.35%Yield on earning assets
0.39%Cost of funding earning assets
2.96%Net interest margin
0.05%Noninterest income to earning assets
1.65%Noninterest expense to earning assets
1.24%Net operating income to assets
1.66%Return on assets (ROA)
1.66%Pretax return on assets
13.02%Return on equity (ROE)
11.43%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
54,938Assets per employee
26.82%Cash dividends to net income (YTD only)
Condition Ratios (%)
12.21%Loss allowance to loans
2.42%Loss allowance to noncurrent loans
190.41%Noncurrent assets plus other real estate owned to assets
0.05%Noncurrent loans to loans
1.27%Net loans and leases to deposits
4.05%Net loans and leases to core deposits
4.17%Equity capital to assets
13.13%Core capital (leverage) ratio
11.39%Tier 1 risk-based capital ratio
46.77%Total risk-based capital ratio
Memoranda
$47Average assets
$293,301Average earning assets
$37,369Average equity
$284,814Average loans
List of branches
1 Texas Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
452119
First Associations Bank
12001 North Central Expressway, Suite 1165, Dallas, TX 75243
May 07, 2007
Full Service Brick and Mortar
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