AmBank in Silver City, New Mexico (NM)



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AmBank
GeneralFDIC Certificate #: 34302
Status: Active
Federal Reserve ID: 2575717
Bank Holding Company (Regulatory Top Holder): First Artesia Bancshares, Inc. (RSSDID: 1108967, Location: Artesia, NM)
Date Established: May 09, 1997
WWW: http://www.ambanksc.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
FDIC's unique #: 57061
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: All Other Specialization < 1 Billion
Date of Deposit Insurance: May 09, 1997
Last Structure Change Effective Date: July 01, 2010
Last Structure Change Process Date: April 05, 2011
Last Data Update: April 05, 2011
Data Source Date: April 05, 2012
LocationAddress: 1609 N Swan Street, Silver City, NM 88061
County: Grant
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Albuquerque
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Core Based Statistical Area (CBSA): Silver City, NM (#43500)
CBSA Micro Statistical Area: Yes
Financial SummaryTotal assets: $119.6 mil
Equity capital: $17.3 mil
Deposits held in domestic offices: $101.6 mil
Return on assets (ROA): 0.62% ($0.7 mil)
Quarterly return on assets: 0.69% ($0.8 mil)
Return on Equity (ROE): 4.42% ($0.8 mil)
Quarterly return on equity: 4.82% ($0.8 mil)
Net income: $0.7 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 0.62% ($741.2 mil)
Quarterly Pretax return on assets: 0.69% ($824.9 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)39
Total assets$119,553
Cash and due from depository institutions$3,687
Interest-bearing balances$701
Securities$47,222
Federal funds sold & reverse repurchase agreements$3,106
Net loans & leases$49,893
Loan loss allowance $1,286
Trading account assets$0
Bank premises and fixed assets$5,475
Other real estate owned$754
Goodwill and other intangibles$5,535
All other assets$3,881
Life insurance assets$119,553
Total liabilities and capital$102,230
Total liabilities$101,646
Total deposits$84,042
Interest-bearing deposits$101,646
Deposits held in domestic offices$82
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $584
All other liabilities $17,323
Total equity capital$17,323
Total bank equity capital$17,323
Perpetual preferred stock$0
Common stock$1,769
Surplus$13,097
Undivided profits $2,457
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $530
Earning assets $0
Long-term assets (5+ years) $619
Average Assets, year-to-date $100,922
Average Assets, quarterly $30,975
Volatile liabilities $119,562
Insider loans $120,612
FHLB advances $61,172
Loans and leases held for sale $114,854
Unused loan commitments $2,534
Tier 1 (core) risk-based capital $2,534
Tier 2 risk-based capital $10,842
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $7,847
Derivatives$229
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,951
Total interest expense $585
Net interest income $4,366
Provision for loan and lease losses $120
Total noninterest income $1,106
Fiduciary activities $0
Service charges on deposit accounts $499
Trading account gains & fees $0
Additional noninterest income $607
Total noninterest expense $4,614
Salaries and employee benefits $1,850
Premises and equipment expense $636
Additional noninterest expense $2,128
Pre-tax net operating income $738
Securities gains (losses) -$1
Applicable income taxes $0
Income before extraordinary items $737
Extraordinary gains - net $0
Net income attributable to bank $737
Net charge-offs $0
Cash dividends $737
Sale, conversion, retirement of capital stock, net $238
Net operating income $480
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.86%
Cost of funding earning assets 0.57%
Net interest margin 4.29%
Noninterest income to earning assets 1.09%
Noninterest expense to earning assets 4.53%
Net operating income to assets 0.62%
Return on assets (ROA) 0.62%
Pretax return on assets 0.62%
Return on equity (ROE) 4.42%
Retained earnings to average equity (YTD only) 1.54%
Net charge-offs to loans 0.45%
Credit loss provision to net charge-offs 50.42%
Efficiency ratio3.61%
Assets per employee$80,994
Cash dividends to net income (YTD only)3.07%
Condition Ratios (%)
Loss allowance to loans 65.13%
Loss allowance to noncurrent loans 2.51%
Noncurrent assets plus other real estate owned to assets 242.64%
Noncurrent loans to loans 1.07%
Net loans and leases to deposits1.04%
Net loans and leases to core deposits 49.09%
Equity capital to assets 54.21%
Core capital (leverage) ratio 14.49%
Tier 1 risk-based capital ratio 9.44%
Total risk-based capital ratio 17.72%
Memoranda
Average assets$19
Average earning assets$119,562
Average equity $16,684
Average loans $101,856
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3 New Mexico Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
057061Ambank1609 N Swan Street, Silver City, NM 88061May 09, 1997Full Service Brick and Mortar
1290524Hurley BranchHwy 180 And Carasco Avenue, Hurley, NM 88043June 01, 1999Full Service Brick and Mortar
2363917Bayard Branch1401 Tom Foy Blvd, Bayard, NM 88023April 30, 2002Full Service Brick and Mortar
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