USAmeriBank (merged into Valley National Bank)
USAmeriBank reported total assets of $4.7 bn at Q4 2017, its last Call Report before it merged into Valley National Bank. The CET1 capital ratio at USAmeriBank was 9.80%, and the uninsured share of USAmeriBank was 35.28%. Source: FDIC Call Reports.
What sets USAmeriBank apart
Nothing in the latest data sets USAmeriBank 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 USAmeriBank?
The balance sheet of USAmeriBank at : assets $4.7 bn, deposits $3.6 bn, net loans $3.8 bn (loans equal to 105.54% of deposits). Securities make up 11.2% of total assets at USAmeriBank. Since , when USAmeriBank held $3.8 bn, its assets grew 24.0%. In the year to , deposits at USAmeriBank rose 1.9% while its total assets rose 12.5%. At , USAmeriBank employed 519 full-time equivalent staff across 30 offices, about $9.0 mn of assets per employee and $119.0 mn of deposits per office.
How much funding at USAmeriBank is uninsured?
At USAmeriBank, uninsured deposits (above the FDIC limit) made up 35.28% of domestic deposits at (-0.67 pp on a year earlier). In dollars, USAmeriBank estimated $1.3 bn of uninsured deposits.
Key facts, Q4 2017
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $3.6 bn | $3.5 bn (Q4 2016) | |
| Net loans and leases | $3.8 bn | $3.3 bn (Q4 2016) | |
| Loan-to-deposit ratio | 105.54% | 95.16% (Q4 2016) | |
| Tier 1 leverage ratio | 8.64% | 8.98% (Q4 2016) | |
| Total risk-based capital ratio | 10.87% | 11.24% (Q4 2016) | |
| Net interest margin | 3.60% | 3.56% (Q4 2016) | |
| Return on assets (ROA) | 1.00% | 1.16% (Q4 2016) | |
| Efficiency ratio | 55.84% | 52.21% (Q4 2016) | |
| Unrealized gain/loss on held-to-maturity securities | Gain of $815,000 | Turned from a loss into a gain | |
| Unrealized gain/loss on available-for-sale securities | Gain of $908,000 | Turned from a loss into a gain | |
| Noncurrent loans to total loans | 0.63% | 0.88% (Q4 2016) | |
| Net charge-offs to average loans | -0.05% | -0.03% (Q4 2016) |
US rank of USAmeriBank: 1 = highest unless marked 1 = lowest.
Balance sheet
USAmeriBank: assets, deposits and loans
- Total assets $4.7bn
- Deposits $3.6bn
- Net loans $3.8bn
Capital and securities
The CET1 ratio of USAmeriBank stood at 9.80% in , -0.33 pp year on year. Low and high at USAmeriBank since : 9.80% () to 10.63% (). Equity capital of USAmeriBank at : $404.6 mn, or 8.7% of total assets. USAmeriBank also reported a total capital ratio of 10.87% for , and a tier 1 leverage ratio of 8.64%.
On held-to-maturity securities, USAmeriBank carried an unrealized gain of $815,000 at , equal to 0.2% of equity capital. The gain turned from a loss into a gain over the year. Its deepest point: $1.1 mn in . The available-for-sale portfolio of USAmeriBank showed an unrealized gain of $908,000 at ; the gain turned from a loss into a gain over the year.
USAmeriBank: capital ratios
- Total capital 11%
- CET1 9.8%
- Tier 1 leverage 8.6%
USAmeriBank: unrealized securities gains and losses
- Available for sale $908,000
- Held to maturity $815,000
Profitability and loan quality
For the year to , USAmeriBank earned a return on equity of 10.83%; return on assets: 1.00%. Net interest margin at USAmeriBank: 3.60%, +0.05 pp in a year. USAmeriBank net income: $43.7 mn, down 3.6% year on year. The efficiency ratio of USAmeriBank was 55.84%: about 56 cents cost per revenue dollar, against 62 cents at the median peer.
At , noncurrent loans were 0.63% of total loans at USAmeriBank; net charge-offs: -0.05% of average loans. Gross loans and leases at USAmeriBank: $3.8 bn at , against $3.4 bn at .
USAmeriBank: profitability
- Return on equity 11%
- Net interest margin 3.6%
- Return on assets 1.0%
Peer group of USAmeriBank
The peer group of USAmeriBank 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 USAmeriBank (state member bank) and 0 have head offices in Florida. Against them, USAmeriBank shows CET1 ratio 9.80% against a peer median of 12.30%, return on equity 10.83% against a peer median of 10.46% and uninsured deposit share 35.28% against a peer median of 30.32%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Middlesex Savings Bank | State nonmember bank | MA | $4.7 bn | 15.62% | 5.75% | 22.44% | |
| Salem Five Cents Savings Bank | State nonmember bank | MA | $4.7 bn | 12.94% | 6.97% | 21.96% | |
| Lake City Bank | State member bank | IN | $4.7 bn | 11.73% | 13.22% | 49.65% | |
| USAmeriBank | State member bank | FL | $4.7 bn | 9.80% | 10.83% | 35.28% | |
| MainSource Bank | State nonmember bank | IN | $4.7 bn | 12.88% | 10.72% | 30.82% | |
| Pinnacle Bank | State nonmember bank | NE | $4.6 bn | 11.06% | 17.64% | 34.13% | |
| Fidelity Bank | State nonmember bank | GA | $4.6 bn | 9.03% | 10.19% | 29.82% | |
. FDIC Call Reports.
Last eight quarters
Two years at USAmeriBank, to : assets $3.8 bn to $4.7 bn, deposits $3.2 bn to $3.6 bn, equity $348.8 mn to $404.6 mn. Staff 482 to 519; offices 29 to 30.
| Metric | Q1 2016 | Q2 2016 | Q3 2016 | Q4 2016 | Q1 2017 | Q2 2017 | Q3 2017 | Q4 2017 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $3.8 bn | $3.9 bn | $4.0 bn | $4.2 bn | $4.2 bn | $4.4 bn | $4.5 bn | $4.7 bn |
| Total deposits | $3.2 bn | $3.2 bn | $3.4 bn | $3.5 bn | $3.6 bn | $3.6 bn | $3.7 bn | $3.6 bn |
| Bank equity capital | $348.8 mn | $358.3 mn | $366.5 mn | $375.4 mn | $400.4 mn | $412.1 mn | $422.8 mn | $404.6 mn |
| CET1 ratio | 10.49% | 10.40% | 10.24% | 10.13% | 10.52% | 10.47% | 10.63% | 9.80% |
| Return on equity (ROE) | 12.53% | 12.57% | 12.67% | 12.84% | 12.91% | 13.16% | 13.14% | 10.83% |
| Uninsured share of domestic deposits | 29.70% | 33.10% | 34.13% | 35.94% | 36.48% | 35.00% | 34.99% | 35.28% |
| Full-time equivalent employees | 482 | 504 | 511 | 517 | 529 | 546 | 529 | 519 |
| Number of offices | 29 | 29 | 29 | 29 | 29 | 29 | 30 | 30 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of USAmeriBank, oldest first; figures before and after each event are not like for like.
- . Merged into Valley National Bank (FDIC certificate 9396).
Questions and identifiers
What were the total assets of USAmeriBank?
USAmeriBank reported $4.7 bn at in its Call Report.
Is USAmeriBank the same as its holding company?
No. This page covers USAmeriBank, FDIC certificate 58427; USAMERIBANCORP INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is USAmeriBank profitable?
USAmeriBank reported net income of $43.7 mn for the year to ; annualized return on equity: 10.83%. So yes: USAmeriBank made a profit over these months.
When is data for USAmeriBank next updated?
USAmeriBank no longer files Call Reports; its data ends at .
Where can I check the figures for USAmeriBank?
In the FDIC BankFind Suite record for certificate 58427, and in the Call Reports of USAmeriBank (RSSD ID 3536407) at the FFIEC Central Data Repository.