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

First American Bank in Birmingham, Alabama (AL)
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First American Bank - Overview

General
FDIC Certificate #: 23577
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: RBC Bank (USA) (#33184)
Federal Reserve ID: 424035
Date Established: November 12, 1981
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 37 (Interstate: No)
OTS Docket #: 9711
FDIC's unique #: 16510
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: November 12, 1981
Last Structure Change Effective Date: June 21, 2008
Last Structure Change Process Date: July 07, 2008
Last Data Update: July 07, 2008
Data Source Date: April 05, 2012
Location
Address: 1927 First Avenue North, Birmingham, AL 35203
County: Jefferson
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Shelby
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): Birmingham, AL (#1000)
Combined Statistical Area (CSA): Birmingham-Hoover-Cullman, AL (#142)
Core Based Statistical Area (CBSA): Birmingham-Hoover, AL (#13820)
CBSA Metro Statistical Area: Birmingham-Hoover, AL (#13820)
Financial Summary
Total assets: $3,600.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)

Dollar figures in thousands
781Total employees (full-time equivalent)
$3,431,010Total assets
$131,783Cash and due from depository institutions
$1,966Interest-bearing balances
$521,802Securities
$117,342Federal funds sold & reverse repurchase agreements
$2,479,884Net loans & leases
$27,503Loan loss allowance
$0Trading account assets
$46,205Bank premises and fixed assets
$430Other real estate owned
$10,729Goodwill and other intangibles
$67,484Life insurance assets
$122,835All other assets
$3,431,010Total liabilities and capital
$3,170,981Total liabilities
$2,316,730Total deposits
$2,051,585Interest-bearing deposits
$2,316,730Deposits held in domestic offices
0.00%% insured (estimated)
$607,064Federal funds purchased & repurchase agreements
$0Trading liabilities
$214,000Other borrowed funds
$0Subordinated debt
$33,187All other liabilities
$260,029Total equity capital
$260,029Total bank equity capital
$260,029Perpetual preferred stock
$0Common stock
$20Surplus
$96,170Undivided profits
Memoranda
$163,839Noncurrent loans and leases
$814,956Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$3,944Earning assets
$114Long-term assets (5+ years)
$15,200Average Assets, year-to-date
$3,120,994Average Assets, quarterly
$518,254Volatile liabilities
$3,233,567Insider loans
$3,369,684FHLB advances
$1,158,547Loans and leases held for sale
$45,811Unused loan commitments
$214,000Tier 1 (core) risk-based capital
$20,626Tier 2 risk-based capital
$17,270Total risk weighted assets
$814,956Total unused commitments
$0Restructured Loans and leases
$28,318Derivatives

Income and Expense (December 31, 2007)

Dollar figures in thousands
$213,235Total interest income
$112,332Total interest expense
$100,903Net interest income
$2,340Provision for loan and lease losses
$63,546Total noninterest income
$2,283Fiduciary activities
$8,740Service charges on deposit accounts
$0Trading account gains & fees
$52,523Additional noninterest income
$102,851Total noninterest expense
$64,670Salaries and employee benefits
$9,853Premises and equipment expense
$28,328Additional noninterest expense
$59,258Pre-tax net operating income
-$426Securities gains (losses)
$18,850Applicable income taxes
$39,982Income before extraordinary items
$1,151Extraordinary gains - net
$41,133Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,119Sale, conversion, retirement of capital stock, net
$30,625Net operating income

Performance and Condition Ratios (December 31, 2007)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.22%Yield on earning assets
3.80%Cost of funding earning assets
3.42%Net interest margin
2.15%Noninterest income to earning assets
3.48%Noninterest expense to earning assets
1.25%Net operating income to assets
1.27%Return on assets (ROA)
1.86%Pretax return on assets
16.36%Return on equity (ROE)
4.18%Retained earnings to average equity (YTD only)
0.05%Net charge-offs to loans
209.12%Credit loss provision to net charge-offs
55.05%Efficiency ratio
62,339Assets per employee
4.39%Cash dividends to net income (YTD only)
Condition Ratios (%)
74.45%Loss allowance to loans
1.10%Loss allowance to noncurrent loans
697.34%Noncurrent assets plus other real estate owned to assets
0.13%Noncurrent loans to loans
0.16%Net loans and leases to deposits
107.04%Net loans and leases to core deposits
133.02%Equity capital to assets
7.58%Core capital (leverage) ratio
7.54%Tier 1 risk-based capital ratio
9.09%Total risk-based capital ratio
Memoranda
$10Average assets
$3,233,567Average earning assets
$251,453Average equity
$2,953,945Average loans

Total Fiduciary and Related Assets (December 31, 2007)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$1,265,162Managed Assets
1Number of Accounts
$1,122,606Personal trust and agency accounts
$535,227Employee benefit-defined contribution accounts
$91,675Employee benefit-defined benefit accounts
$271,562Other retirement accounts
$8,772Corporate trust and agency accounts
$54Investment management agency accounts
$215,316Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
245Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$142,556Other retirement accounts
$26,288Corporate trust and agency accounts
$16,961Other fiduciary accounts
$0Fiduciary accounts held in foreign offices

First American Bank in Birmingham, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

First American Bank - Overview

Assets and Liabilities (December 31, 2007)

Income and Expense (December 31, 2007)

Performance and Condition Ratios (December 31, 2007)

Total Fiduciary and Related Assets (December 31, 2007)

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

First American Bank in Birmingham, Alabama (AL)Overview, Financial Summary, Detailed Financial Reports, Branches

First American Bank - Overview

Assets and Liabilities (December 31, 2007)

Income and Expense (December 31, 2007)

Performance and Condition Ratios (December 31, 2007)

Total Fiduciary and Related Assets (December 31, 2007)

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

First American Bank in Birmingham, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches