You are being fully compliant.
The Form 3520 is an information report that you, a US citizen, now have this foreign account, and where it was funded from.
The FBAR is your compliance reporting that you a US citizen have a foreign account with excess of $10,000 during the year.
In future years you will report any earning you have from this foreign account on your Federal return and report the foreign account as required on Form 8938 and FBAR.
