First American International Bank

Headquarters

5503 Eighth Avenue
Brooklyn, NY 11220
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.91% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

First American International Bank is an FDIC insured institution located in Brooklyn, NY. It was founded in 1999 and has approximately $0.84 billion in assets. Customers can open an account at one of its 9 branches.

FDIC Insured Yes
FDIC Certificate # 35186
Date Established 1999
Assets $ 879.25 million
Loans $ 706.26 million
Deposits $ 633.67 million
Capital $ 77.63 million
 

For a more detailed analysis of First American International Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 31, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - October 31, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for First American International Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.558% 2.500% 0.75 $1,908 $988 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to First American International Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

First American International Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


First American International Bank Locations


Financial Details

First American International Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First American International Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
First American International Bank U.S. Bank Average
1.7% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, First American International Bank had $1,481,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $77,631,000 in equity and $9,583,000 in loans loss reserves. That gives it a Texas Ratio of 1.7%.

Return on Equity
First American International Bank U.S. Bank Average
12.51% 7.80%

First American International Bank has a Return on Equity of 12.51% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
First American International Bank U.S. Bank Average
8.83% 12.68%

First American International Bank has a Capitalization of 8.83% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

First American International Bank Balance Sheet Analysis

As of September 30, 2018, First American International Bank had assets of $843,509,000, loans of $706,258,000, and deposits of $633,667,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 69.88 million
Interest-bearing balances $ 61.49 million
Total securities $ 39.11 million
Federal funds sold and reverse repurchase $ 0.04 million
Net loans and leases $ 706.26 million
Loan loss allowance $ 9.58 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 11.29 million
All other assets $ 11.12 million
     Total Assets $ 765.88 million
LIABILITIES
Total deposits $ 633.67 million
      Interest-bearing deposits $ 468.97 million
      Deposits held in domestic offices $ 633.67 million
      % insured (estimated) 75.66%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 124.50 million
Subordinated debt N.A.
All other liabilities $ 7.71 million
      Total Liabilities $ 765.88 million
      Shareholders’ Equity $ 113.37 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 28.25 million
Total Interest Expense $ 6.32 million
Net interest income $ 21.93 million
Provision for loan and lease losses N.A.
Total non interest income $ 7.81 million
Total non interest expense $ 20.02 million
Pre-tax Net Operating Income $ 9.72 million

Bank Loan Profile?

The top three loan types in First American International Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Multifamily Mortgages.

Compared to other banks in New York, First American International Bank has a significantly higher percent of 1-4 Family Residential Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 69.80
Multifamily
Mortgages
8.27
Credit Card Loans 0.01
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 23.59
Commercial and Industrial Loans 0.09
Farm Loans 0.00

Frequently Asked Questions About First American International Bank

Branches and Savings

Is First American International Bank FDIC insured?

Yes. It is covered under FDIC Certificate #35186.

Why does First American International Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are First American International Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is First American International Bank a commercial bank?

Yes

Where are First American International Bank locations?

See branch locations nearby.

Is First American International Bank open on Saturdays?

Is First American International Bank open on Sundays?

What time does First American International Bank open?

What time does First American International Bank close?

Are First American International Bank ATMs Open 24/7?

Do First American International Bank ATMs accept cash deposits?

Can First American International Bank customers use other ATMs?

Do First American International Bank branches have notaries?

Will First American International Bank notarize my document?

What address for First American International Bank should I put for incoming ACH transfers?

Will the First American International Bank branch print checks?

Do First American International Bank checks expire?

Does First American International Bank require US citizenship to open account?

Can First American International Bank close my account?

Does First American International Bank Report to credit bureaus?

Does First American International Bank Use Equifax?

What is First American International Bank's ACH Routing Number?

What is First American International Bank's SWIFT code?

Products

Does First American International Bank offer mortgages?

Compare mortgage rates here.

Does First American International Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First American International Bank offer personal loans?

Compare personal loan rates here.

Does First American International Bank offer student loans?

Will First American International Bank cash a check?

Will First American International Bank redeem a savings bond?

Does First American International Bank cash savings bonds?

Will First American International Bank cash money orders?

Can First American International Bank issue a money order?

Does First American International Bank do currency exchange?

Background on The Bank

Who owns First American International Bank?

How long has First American International Bank been around?

Can First American International Bank transfer to other banks?

Does First American International Bank have quick pay?

Does First American International Bank accept rolled coins?

Will First American International Bank accept loose change?

Where is First American International Bank headquarters?

Customer Reviews for First American International Bank

There are currently no comments for First American International Bank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →