First International Bank Plano TX

First International Bank Plano, TX was founded in 1991.  The Texas ratio is of 224%.  They entered into a consent agreement with the FDIC on 3/23/10, for unsound practices.

They are also on the list of under capitalized banks, with tier1 risk based capitalization of 3.90%, significantly below the 8% hurdle.

They have assets of $343MM with loans of $241MM and equity of $6MM.

They have $50MM in problem loans supported by $6MM in equity.

NI was ($25MM) in FY10, this allowed them erode the capitalization from $33MM in FY08 to $6MM in FY2011, which is a 450% decline.

They lost $3.7MM in Q2 2011

Why isn’t this place closed down.

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