AIMBank (merged into First Bank & Trust)
AIMBank reported total assets of $1.9 bn at Q3 2020, its last Call Report before it merged into First Bank & Trust. AIMBank uses the community bank leverage ratio framework, with a leverage ratio of 9.72%, and the uninsured share of AIMBank was 40.90%. Source: FDIC Call Reports.
Key takeaways
- Since , AIMBank has taken over 3 institutions; the latest was FNB New Mexico on (FDIC Call Reports).
What sets AIMBank apart
How large is AIMBank?
The balance sheet of AIMBank at : assets $1.9 bn, deposits $1.6 bn, net loans $1.1 bn (loans equal to 70.09% of deposits). Securities make up 25.6% of total assets at AIMBank. Since , when AIMBank held $829.3 mn, its assets grew 123.3%. In the year to , deposits at AIMBank rose 18.6% while its total assets rose 19.8%. At , AIMBank employed 262 full-time equivalent staff across 25 offices, about $7.1 mn of assets per employee and $64.0 mn of deposits per office.
How much funding at AIMBank is uninsured?
At AIMBank, uninsured deposits (above the FDIC limit) made up 40.90% of domestic deposits at (-1.53 pp on a year earlier). In dollars, AIMBank estimated $654.3 mn of uninsured deposits.
Key facts, Q3 2020
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $1.6 bn | $1.3 bn (Q3 2019) | |
| Net loans and leases | $1.1 bn | $999.6 mn (Q3 2019) | |
| Loan-to-deposit ratio | 70.09% | 74.08% (Q3 2019) | |
| Net interest margin | 4.24% | 4.18% (Q3 2019) | |
| Return on assets (ROA) | 1.69% | 1.46% (Q3 2019) | |
| Efficiency ratio | 53.27% | 54.57% (Q3 2019) | |
| Unrealized gain/loss on held-to-maturity securities | Gain of $5.9 mn | Rose by $3.8 mn | |
| Unrealized gain/loss on available-for-sale securities | Gain of $16.9 mn | Rose by $10.7 mn | |
| Noncurrent loans to total loans | 0.70% | 0.05% (Q3 2019) | |
| Net charge-offs to average loans | 0.02% | 0.08% (Q3 2019) |
US rank of AIMBank: 1 = highest unless marked 1 = lowest.
Balance sheet
AIMBank: assets, deposits and loans
- Total assets $1.9bn
- Deposits $1.6bn
- Net loans $1.1bn
Capital and securities
AIMBank uses the community bank leverage ratio framework, so it reports no risk-based ratios; its leverage ratio was 9.72% in . Equity capital of AIMBank at : $217.6 mn, or 11.7% of total assets.
On held-to-maturity securities, AIMBank carried an unrealized gain of $5.9 mn at , equal to 2.7% of equity capital. The gain rose by $3.8 mn over the year. Its deepest point: $1.3 mn in . The available-for-sale portfolio of AIMBank showed an unrealized gain of $16.9 mn at ; the gain rose by $10.7 mn over the year.
AIMBank: capital ratios
- Total capital 14%
- CET1 13%
- Tier 1 leverage 9.7%
AIMBank: unrealized securities gains and losses
- Available for sale $17mn
- Held to maturity $6mn
Profitability and loan quality
For the year to , AIMBank earned a return on equity of 14.99%; return on assets: 1.69%. Net interest margin at AIMBank: 4.24%, +0.06 pp in a year. AIMBank net income: $23.4 mn, up 47.5% year on year. The efficiency ratio of AIMBank was 53.27%: about 53 cents cost per revenue dollar, against 61 cents at the median peer.
At , noncurrent loans were 0.70% of total loans at AIMBank; net charge-offs: 0.02% of average loans. Gross loans and leases at AIMBank: $1.1 bn at , against $1.0 bn at .
AIMBank: profitability
- Return on equity 15%
- Net interest margin 4.2%
- Return on assets 1.7%
Peer group of AIMBank
The peer group of AIMBank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 2 share the charter type of AIMBank (state nonmember bank) and 0 have head offices in Texas. Against them, AIMBank shows return on equity 14.99% against a peer median of 10.09% and uninsured deposit share 40.90% against a peer median of 24.68%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Toyota Financial Savings Bank | State nonmember bank | NV | $1.9 bn | 24.89% | 2.47% | 19.03% | |
| ESSA Bank & Trust | State-chartered stock savings bank | PA | $1.9 bn | 12.64% | 7.81% | 30.51% | |
| First Citizens Community Bank | State member bank | PA | $1.9 bn | not reported | 13.41% | 34.04% | |
| AIMBank | State nonmember bank | TX | $1.9 bn | not reported | 14.99% | 40.90% | |
| Cornerstone Bank | State member bank | NE | $1.9 bn | not reported | 12.55% | 23.45% | |
| United Bank of Iowa | State nonmember bank | IA | $1.9 bn | not reported | 12.37% | 11.76% | |
| South Shore Bank | State member bank | MA | $1.8 bn | 12.47% | 3.49% | 25.91% | |
. FDIC Call Reports.
Last eight quarters
Two years at AIMBank, to : assets $1.4 bn to $1.9 bn, deposits $1.2 bn to $1.6 bn, equity $146.4 mn to $217.6 mn. Staff 243 to 262; offices 18 to 25.
| Metric | Q4 2018 | Q1 2019 | Q2 2019 | Q3 2019 | Q4 2019 | Q1 2020 | Q2 2020 | Q3 2020 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $1.4 bn | $1.4 bn | $1.4 bn | $1.5 bn | $1.8 bn | $1.8 bn | $1.9 bn | $1.9 bn |
| Total deposits | $1.2 bn | $1.2 bn | $1.2 bn | $1.3 bn | $1.5 bn | $1.6 bn | $1.7 bn | $1.6 bn |
| Bank equity capital | $146.4 mn | $155.1 mn | $162.9 mn | $169.4 mn | $197.4 mn | $200.3 mn | $216.9 mn | $217.6 mn |
| CET1 ratio | 12.51% | 12.74% | 13.24% | 13.42% | 12.96% | not reported | not reported | not reported |
| Return on equity (ROE) | 12.40% | 13.59% | 13.29% | 13.34% | 13.23% | 21.66% | 16.18% | 14.99% |
| Uninsured share of domestic deposits | 34.25% | 34.20% | 33.72% | 42.43% | 39.29% | 39.82% | 42.32% | 40.90% |
| Full-time equivalent employees | 243 | 245 | 241 | 243 | 298 | 293 | 274 | 262 |
| Number of offices | 18 | 18 | 18 | 18 | 25 | 25 | 25 | 25 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of AIMBank, oldest first; figures before and after each event are not like for like.
- . Absorbed Muleshoe State Bank (FDIC certificate 11939).
- . Absorbed Platinum Bank (FDIC certificate 58608).
- . Absorbed FNB New Mexico (FDIC certificate 19027).
- . Merged into First Bank & Trust (FDIC certificate 14778).
Questions and identifiers
What were the total assets of AIMBank?
AIMBank reported $1.9 bn at in its Call Report.
Is AIMBank the same as its holding company?
No. This page covers AIMBank, FDIC certificate 3304; AIM BANCSHARES INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is AIMBank profitable?
AIMBank reported net income of $23.4 mn for the year to ; annualized return on equity: 14.99%. So yes: AIMBank made a profit over these months.
When is data for AIMBank next updated?
AIMBank no longer files Call Reports; its data ends at .
Where can I check the figures for AIMBank?
In the FDIC BankFind Suite record for certificate 3304, and in the Call Reports of AIMBank (RSSD ID 1006951) at the FFIEC Central Data Repository.