First American Bank, National Association - Overview
General
FDIC Certificate #: 34288 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First American Bank (#14808) Federal Reserve ID: 2558176 Date Established: August 25, 1997 WWW:http://www.firstamericanbankfl.com Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 5 (Interstate: No) OTS Docket #: 15521 FDIC's unique #: 57047 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: August 25, 1997 Last Structure Change Effective Date: December 30, 2006 Last Structure Change Process Date: January 10, 2007 Last Data Update: January 10, 2007 Data Source Date: April 05, 2012
Location
Address: 811 Anchor Rode Drive, Naples, FL 34103 County: Collier Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Kansas City FDIC Field Office: South Florida Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Naples, FL (#5345) Core Based Statistical Area (CBSA): Naples-Marco Island, FL (#34940) CBSA Metro Statistical Area: Naples-Marco Island, FL (#34940)
Financial Summary
Total assets: $188.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
48Total employees (full-time equivalent)
$180,144Total assets
$3,947Cash and due from depository institutions
$1,045Interest-bearing balances
$56,204Securities
$19,437Federal funds sold & reverse repurchase agreements
$92,444Net loans & leases
$969Loan loss allowance
$0Trading account assets
$3,308Bank premises and fixed assets
$44Other real estate owned
$3Goodwill and other intangibles
$0Life insurance assets
$4,757All other assets
$180,144Total liabilities and capital
$162,371Total liabilities
$149,759Total deposits
$128,646Interest-bearing deposits
$149,759Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$12,000Other borrowed funds
$0Subordinated debt
$612All other liabilities
$17,773Total equity capital
$17,773Total bank equity capital
$17,773Perpetual preferred stock
$0Common stock
$1,000Surplus
$15,000Undivided profits
Memoranda
$1,773Noncurrent loans and leases
$10,137Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$596Earning assets
$0Long-term assets (5+ years)
$762Average Assets, year-to-date
$169,130Average Assets, quarterly
$33,138Volatile liabilities
$196,342Insider loans
$187,358FHLB advances
$48,542Loans and leases held for sale
$101Unused loan commitments
$12,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$10,137Total unused commitments
$0Restructured Loans and leases
$969Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$10,374Total interest income
$5,154Total interest expense
$5,220Net interest income
$440Provision for loan and lease losses
$316Total noninterest income
$0Fiduciary activities
$231Service charges on deposit accounts
$0Trading account gains & fees
$85Additional noninterest income
$6,741Total noninterest expense
$3,495Salaries and employee benefits
$1,380Premises and equipment expense
$1,866Additional noninterest expense
-$1,645Pre-tax net operating income
$6Securities gains (losses)
-$636Applicable income taxes
-$1,003Income before extraordinary items
$0Extraordinary gains - net
-$1,003Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$424Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.59%Yield on earning assets
2.77%Cost of funding earning assets
2.81%Net interest margin
0.17%Noninterest income to earning assets
3.63%Noninterest expense to earning assets
-0.51%Net operating income to assets
-0.51%Return on assets (ROA)
-0.83%Pretax return on assets
-6.47%Return on equity (ROE)
-6.47%Retained earnings to average equity (YTD only)
0.39%Net charge-offs to loans
103.77%Credit loss provision to net charge-offs
-2.84%Efficiency ratio
121,767Assets per employee
3.75%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.04%Loss allowance to noncurrent loans
162.58%Noncurrent assets plus other real estate owned to assets
0.36%Noncurrent loans to loans
0.64%Net loans and leases to deposits
61.73%Net loans and leases to core deposits
91.33%Equity capital to assets
9.87%Core capital (leverage) ratio
10.02%Tier 1 risk-based capital ratio
19.64%Total risk-based capital ratio
Memoranda
$21Average assets
$196,342Average earning assets
$15,500Average equity
$185,746Average loans
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