First Associations Bank in Dallas, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Associations Bank - Overview

  • General
  • FDIC Certificate #: 58453
    Status: Active
    Federal Reserve ID: 3468656
    Date Established: May 07, 2007
    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
  • NoIDNameAddressEstablishedService TypeMap
    0452119First Associations Bank12001 North Central Expressway, Suite 1165, Dallas, TX 75243May 07, 2007Full Service Brick and Mortar

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