First Bank of the Americas in New York City, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 01, 1997

  • First Bank of the Americas in New York City, New York (NY)
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First Bank of the Americas - Overview

  • General
  • FDIC Certificate #: 22500
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Commercial Bank of New York (#27292)
    Federal Reserve ID: 787806
    Date Established: August 01, 1977
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 9 (Interstate: No)
    FDIC's unique #: 15690
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: August 01, 1977
    Last Structure Change Effective Date: December 01, 1997
    Last Structure Change Process Date: December 11, 1997
    Last Data Update: December 20, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 375 Park Avenue, New York City, NY 10152
    County: New York
    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)
  • Financial Summary
  • Total assets: $432.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $153Total assets
  • $444,380Cash and due from depository institutions
  • $14,190Interest-bearing balances
  • $1,881Securities
  • $94,847Federal funds sold & reverse repurchase agreements
  • $26,100Net loans & leases
  • $279,886Loan loss allowance
  • $6,631Trading account assets
  • $7Bank premises and fixed assets
  • $6,831Other real estate owned
  • $0Goodwill and other intangibles
  • $19,778Life insurance assets
  • $2,741All other assets
  • $0Total liabilities and capital
  • $444,380Total liabilities
  • $417,884Total deposits
  • $413,786Interest-bearing deposits
  • $338,925Deposits held in domestic offices
  • 346293.00%% insured (estimated)
  • $85Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $4,098Total equity capital
  • $4,098Total bank equity capital
  • $26,496Perpetual preferred stock
  • $0Common stock
  • $5,000Surplus
  • $40,100Undivided profits
  • Memoranda
  • $-18,604Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $10,962Income earned, not collected on loans
  • $2,091Earning assets
  • $402,721Long-term assets (5+ years)
  • $43,116Average Assets, year-to-date
  • $474,936Average Assets, quarterly
  • $456,856Volatile liabilities
  • $125,101Insider loans
  • $487FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $695Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $12,533Total risk weighted assets
  • $225,641Total unused commitments
  • $0Restructured Loans and leases
  • $2,379Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $41,247Total interest expense
  • $15,847Net interest income
  • $25,400Provision for loan and lease losses
  • $16,391Total noninterest income
  • $4,914Fiduciary activities
  • $0Service charges on deposit accounts
  • $1,775Trading account gains & fees
  • $294Additional noninterest income
  • $2,845Total noninterest expense
  • $41,450Salaries and employee benefits
  • $9,988Premises and equipment expense
  • $8,487Additional noninterest expense
  • $22,975Pre-tax net operating income
  • -$27,527Securities gains (losses)
  • $83Applicable income taxes
  • -$9,348Income before extraordinary items
  • -$18,096Extraordinary gains - net
  • $0Net income attributable to bank
  • -$18,096Net charge-offs
  • $15,753Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 9.55%Cost of funding earning assets
  • 3.67%Net interest margin
  • 5.88%Noninterest income to earning assets
  • 1.14%Noninterest expense to earning assets
  • 9.59%Net operating income to assets
  • -3.82%Return on assets (ROA)
  • -3.81%Pretax return on assets
  • -5.78%Return on equity (ROE)
  • -47.02%Retained earnings to average equity (YTD only)
  • -47.02%Net charge-offs to loans
  • 5.40%Credit loss provision to net charge-offs
  • 104.05%Efficiency ratio
  • 135,960Assets per employee
  • 2.90%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.31%Loss allowance to noncurrent loans
  • 60.49%Noncurrent assets plus other real estate owned to assets
  • 2.47%Noncurrent loans to loans
  • 3.83%Net loans and leases to deposits
  • 67.64%Net loans and leases to core deposits
  • 96.95%Equity capital to assets
  • 5.96%Core capital (leverage) ratio
  • 2.75%Tier 1 risk-based capital ratio
  • 5.55%Total risk-based capital ratio
  • Memoranda
  • $7Average assets
  • $474,936Average earning assets
  • $38,490Average equity
  • $432,079Average loans

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