First America Bank

First America Bank is headquartered in Bradenton and is the 96^th largest bank in the state of Florida. It is also the 2,587^th largest bank in the nation. It was established in 2004 and as of March of 2012, it had grown to 54 employees at 5 locations. First America Bank has a 2-star health rating.

Data for Q1 2012

Institution Statistics First America Bank FDIC Certificate # 57722 BankRate Report View Year Established 2004 Employees 54 Primary Regulator FDIC Assets and Liabilities Assets $248.23 million Loans $163.50 million Deposits $209.55 million Equity Capital $25.16 million Loan Loss Allowance $3.74 million Unbacked Noncurrent Loans $7.89 million Real Estate Owned $1.20 million Historic Data - March 2011 Assets $263.14 million Equity Capital $26.76 million Loan Loss Allowance $2.79 million Unbacked Noncurrent Loans $5.90 million Real Estate Owned $1.83 million Profit Margin - Quarterly Net Interest Margin 3.14% Return on Assets 0.18% Return on Equity 1.83% Interest Income $2.26 million

Institution Health Overall Score: 2 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 First America Bank had $9.09 million in non-current loans and owned real-estate with $28.9 million in equity and loan loss allowances on hand to cover it. This gives First America Bank a Texas Ratio of 31.45% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for First America Bank increased slightly from 26.18% as of March 31, 2011 to 31.45% as of March 31, 2012, resulting in a negative change of 20.12%. This indicates that the balance sheet and financial strength for First America Bank has declined slightly in recent periods. Deposit Growth In the past year, First America Bank has decreased its total deposits by -$13.39 million, resulting in -6.01% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth First America Bank has shown is poor. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. First America Bank has $248.23 million in assets with $28.9 million in equity, resulting in a capitalization level of 11.64%, which is above average.

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