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Overview / Commentary
718-871-8338
5503 Eighth Avenue
Brooklyn, NY 11220

First American International Bank is headquartered in Brooklyn and is the 68th largest bank in the state of New York. It is also the 1,211st largest bank in the nation. It was established in 1999 and as of December of 2013, it had grown to 190 employees at 9 locations. First American International Bank has a B+ health rating.

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
B+

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 December 31, 2013 First American International Bank had $10.41 million in non-current loans and owned real-estate with $79.2 million in equity and loan loss allowances on hand to cover it. This gives First American International Bank a Texas Ratio of 13.14% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for First American International Bank decreased dramatically from 34.60% as of December 31, 2012 to 13.14% as of December 31, 2013, resulting in a positive change of 62.02%.This indicates that the balance sheet and financial strength for First American International Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
D

In the past year, First American International Bank has decreased its total deposits by -$30.91 million, resulting in -6.98% 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 American International Bank has shown is below average.

Capitalization

GRADE:
A+

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 American International Bank has $551.5 million in assets with $79.2 million in equity, resulting in a capitalization level of 14.36%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #35186
Year Established1999
Employees190
Primary RegulatorFDIC
Assets and Liabilities
Assets$551.50 million
Loans$354.64 million
Deposits$411.78 million
Equity Capital$71.97 million
Loan Loss Allowance$7.23 million
Unbacked Noncurrent Loans$10.41 million
Real Estate Owned$0
Historic Data - December 2012
Assets$526.50 million
Equity Capital$69.31 million
Loan Loss Allowance$10.62 million
Unbacked Noncurrent Loans$10.41 million
Real Estate Owned$176,000
Profit Margin - Quarterly
Net Interest Margin4.79%
Return on Assets0.6%
Return on Equity4.55%
Interest Income$26.80 million
Rates

Always verify rates and promotions with the bank or credit union. We are not First American International Bank, we are a rate comparison website and can not provide official rates or promotions.

First American International Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$10k-High Yield Passbook Savings
0.05%--Personal Statement
0.05%--Passbook Savings
0.05%--Business Statement Savings

First American International Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.40%$100k-High Yield Money Market (HYMMA) Personal
0.40%$100k-High Yield Money Market (HYMMA) Business
0.10%--Super Saver Money Market
0.10%$30k-Business Money Market
0.05%--Insured Money Market

First American International Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.15%--NOW Checking
0.15%--Business NOW Checking

First American International Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.65%$500-5 Year CD
1.65%$500-Business 5 Year CD
1.45%$500-4 Year CD
1.45%$500-Business 4 Year CD
1.25%$500-3 Year CD
1.25%$500-Business 3 Year CD
1.00%$500-26 Month CD
0.90%$500-Business 2 Year CD
0.80%$500-2 Year CD
0.60%$500-18 Month CD
0.60%$500-Business 15 Month CD
0.60%$500-Business 18 Month CD
0.60%$500-17 Month CD
0.55%$500-15 Month CD
0.55%$500-13 Month CD
0.50%$500-Business 1 Year CD
0.45%$500-Business 9 Month CD
0.40%$500-8 Month CD
0.40%$500-9 Month CD
0.40%$500-1 Year CD
0.40%$500-Business 8 Month CD
0.35%$500-6 Month CD
0.35%$500-Business 6 Month CD
0.10%$500-1 Month CD
0.10%$500-3 Month CD
0.10%$500-Business 1 Month CD
0.10%$500-Business 3 Month CD

First American International Bank IRA Rates

DetailsAPYMINMAXPRODUCT
1.65%--5 Year IRA (Traditional,Roth)
1.45%--4 Year IRA (Traditional,Roth)
1.25%--3 Year IRA (Traditional,Roth)
1.00%--26 Month IRA (Traditional,Roth)
0.80%--2 Year IRA (Traditional,Roth)
0.60%--18 Month IRA (Traditional,Roth)
0.60%--17 Month IRA (Traditional,Roth)
0.55%--15 Month IRA (Traditional,Roth)
0.55%--13 Month IRA (Traditional,Roth)
0.40%--1 Year IRA (Traditional,Roth)
0.40%--9 Month IRA (Traditional,Roth)
Locations


First American International Bank Locations
Forest Hills Branch107-50 Queens Blvd.Forest Hills, NY 11375
East Broadway Branch123 East BroadwayNew York, NY 10002
Grand Street Branch238/240 Grand StreetNew York, NY 10002
Bowery Branch29 BoweryNew York, NY 10002
Flushing Centre Branch40-48 Main StFlushing, NY 11354
42-04 Main Street, Flushing Branch42-04/06/08 Main StreetFlushing, NY 11355
First American International Bank5503 Eighth AvenueBrooklyn, NY 11220
Eighth Avenue Branch5902 Eighth AvenueBrooklyn, NY 11220
Elmhurst Branch86-55 BroadwayElmhurst, NY 11373