American Express Bank, FSB. (merged into American Express Centurion Bank)
American Express Bank, FSB. reported total assets of $55.0 bn at Q1 2018, its last Call Report before it merged into American Express Centurion Bank. The CET1 capital ratio at American Express Bank, FSB. was 12.30%, and the uninsured share of American Express Bank, FSB. was 23.11%. Source: FDIC Call Reports.
What sets American Express Bank, FSB. apart
Nothing in the latest data sets American Express Bank, FSB. apart from banks of its size: no ratio in the top or bottom tenth of its size group, no large rank move or year change, and no acquisition in the FDIC history since 2016. This page is kept out of search results until that changes.
How large is American Express Bank, FSB.?
The balance sheet of American Express Bank, FSB. at : assets $55.0 bn, deposits $45.8 bn, net loans $42.1 bn (loans equal to 91.94% of deposits). Securities make up 0.7% of total assets at American Express Bank, FSB.. Since , when American Express Bank, FSB. held $51.9 bn, its assets grew 6.0%. In the year to , deposits at American Express Bank, FSB. rose 18.4% while its total assets rose 7.6%. At , American Express Bank, FSB. employed 141 full-time equivalent staff across 1 office, about $390.1 mn of assets per employee and $45.8 bn of deposits per office.
How much funding at American Express Bank, FSB. is uninsured?
At American Express Bank, FSB., uninsured deposits (above the FDIC limit) made up 23.11% of domestic deposits at (-2.21 pp on a year earlier). In dollars, American Express Bank, FSB. estimated $10.6 bn of uninsured deposits.
Key facts, Q1 2018
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $45.8 bn | $38.7 bn (Q1 2017) | |
| Net loans and leases | $42.1 bn | $37.6 bn (Q1 2017) | |
| Loan-to-deposit ratio | 91.94% | 97.18% (Q1 2017) | |
| Tier 1 leverage ratio | 10.81% | 12.17% (Q1 2017) | |
| Total risk-based capital ratio | 13.55% | 15.56% (Q1 2017) | |
| Net interest margin | 5.87% | 5.15% (Q1 2017) | |
| Return on assets (ROA) | 4.17% | 3.32% (Q1 2017) | |
| Efficiency ratio | 65.46% | 64.86% (Q1 2017) | |
| Unrealized gain/loss on available-for-sale securities | Loss of $1.2 mn | Turned from a gain into a loss | |
| Noncurrent loans to total loans | 0.61% | 0.56% (Q1 2017) | |
| Net charge-offs to average loans | 1.85% | 1.67% (Q1 2017) |
US rank of American Express Bank, FSB.: 1 = highest unless marked 1 = lowest.
Balance sheet
American Express Bank, FSB.: assets, deposits and loans
- Total assets $55.0bn
- Deposits $45.8bn
- Net loans $42.1bn
Capital and securities
The CET1 ratio of American Express Bank, FSB. stood at 12.30% in , -2.01 pp year on year. Low and high at American Express Bank, FSB. since : 12.30% () to 20.25% (). Equity capital of American Express Bank, FSB. at : $6.1 bn, or 11.0% of total assets. American Express Bank, FSB. also reported a total capital ratio of 13.55% for , and a tier 1 leverage ratio of 10.81%.
The available-for-sale portfolio of American Express Bank, FSB. showed an unrealized loss of $1.2 mn at ; the loss turned from a gain into a loss over the year.
American Express Bank, FSB.: capital ratios
- Total capital 14%
- CET1 12%
- Tier 1 leverage 11%
American Express Bank, FSB.: unrealized securities gains and losses
- Available for sale -$1mn
- Held to maturity $0
Profitability and loan quality
For the year to , American Express Bank, FSB. earned a return on equity of 37.78%; return on assets: 4.17%. Net interest margin at American Express Bank, FSB.: 5.87%, +0.71 pp in a year. American Express Bank, FSB. net income: $575.7 mn, up 38.2% year on year. The efficiency ratio of American Express Bank, FSB. was 65.46%: about 65 cents cost per revenue dollar, against 49 cents at the median peer.
At , noncurrent loans were 0.61% of total loans at American Express Bank, FSB.; net charge-offs: 1.85% of average loans. Gross loans and leases at American Express Bank, FSB.: $42.9 bn at , against $38.2 bn at .
American Express Bank, FSB.: profitability
- Return on equity 38%
- Net interest margin 5.9%
- Return on assets 4.2%
Peer group of American Express Bank, FSB.
The peer group of American Express Bank, FSB. is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 1 shares the charter type of American Express Bank, FSB. (federal savings bank) and 3 have head offices in Utah. Against them, American Express Bank, FSB. shows CET1 ratio 12.30% against a peer median of 19.20%, return on equity 37.78% against a peer median of 16.76% and uninsured deposit share 23.11% against a peer median of 11.59%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Zions Bancorporation | National bank | UT | $66.3 bn | 11.60% | 13.08% | 43.11% | |
| Morgan Stanley Private Bank | National bank | NY | $66.1 bn | 24.22% | 14.76% | 13.71% | |
| American Express National Bank | National bank | UT | $57.8 bn | 14.17% | 44.26% | 0.86% | |
| American Express Bank, FSB. | Federal savings bank | UT | $55.0 bn | 12.30% | 37.78% | 23.11% | |
| Silicon Valley Bank | State member bank | CA | $53.4 bn | 11.90% | 20.29% | 90.64% | |
| UBS Bank USA | National bank | UT | $51.8 bn | 37.34% | 17.63% | 4.45% | |
| E*TRADE Bank | Federal savings bank | VA | $49.4 bn | 37.43% | 15.89% | 9.47% | |
. FDIC Call Reports.
Last eight quarters
Two years at American Express Bank, FSB., to : assets $49.8 bn to $55.0 bn, deposits $38.0 bn to $45.8 bn, equity $7.5 bn to $6.1 bn. Staff 294 to 141.
| Metric | Q2 2016 | Q3 2016 | Q4 2016 | Q1 2017 | Q2 2017 | Q3 2017 | Q4 2017 | Q1 2018 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $49.8 bn | $46.0 bn | $49.3 bn | $51.1 bn | $49.9 bn | $51.9 bn | $55.4 bn | $55.0 bn |
| Total deposits | $38.0 bn | $35.6 bn | $37.7 bn | $38.7 bn | $40.5 bn | $41.7 bn | $43.1 bn | $45.8 bn |
| Bank equity capital | $7.5 bn | $6.7 bn | $6.7 bn | $5.9 bn | $6.0 bn | $6.0 bn | $6.1 bn | $6.1 bn |
| CET1 ratio | 20.25% | 17.49% | 16.29% | 14.31% | 13.93% | 13.33% | 12.92% | 12.30% |
| Return on equity (ROE) | 56.22% | 46.66% | 42.13% | 26.37% | 28.46% | 29.20% | 32.04% | 37.78% |
| Uninsured share of domestic deposits | 24.61% | 21.29% | 25.85% | 25.32% | 23.17% | 23.00% | 22.95% | 23.11% |
| Full-time equivalent employees | 294 | 274 | 260 | 101 | 106 | 105 | 105 | 141 |
| Number of offices | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of American Express Bank, FSB., oldest first; figures before and after each event are not like for like.
- . Merged into American Express Centurion Bank (FDIC certificate 27471).
Questions and identifiers
What were the total assets of American Express Bank, FSB.?
American Express Bank, FSB. reported $55.0 bn at in its Call Report.
Is American Express Bank, FSB. the same as its holding company?
No. This page covers American Express Bank, FSB., FDIC certificate 35328; AMERICAN EXPRESS CO (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is American Express Bank, FSB. profitable?
American Express Bank, FSB. reported net income of $575.7 mn for the year to ; annualized return on equity: 37.78%. So yes: American Express Bank, FSB. made a profit over these months.
When is data for American Express Bank, FSB. next updated?
American Express Bank, FSB. no longer files Call Reports; its data ends at .
Where can I check the figures for American Express Bank, FSB.?
In the FDIC BankFind Suite record for certificate 35328, and in the Call Reports of American Express Bank, FSB. (RSSD ID 2966306) at the FFIEC Central Data Repository.