Bank 1st in Albuquerque, New Mexico (NM)
Overview, Financial Summary, Detailed Financial Reports, Branches


Bank 1st - Overview

  • General
  • FDIC Certificate #: 34554
    Status: Active
    Federal Reserve ID: 2624651
    Bank Holding Company (Regulatory Top Holder): Bank 1st Financial Corporation (RSSDID: 3305519, Location: Albuquerque, NM)
    Date Established: November 03, 1997
    WWW: http://www.bank1stalbuquerque.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 59061
    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: Commercial Lending Specialization
    Date of Deposit Insurance: November 03, 1997
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 2900 Louisiana, N.E., South Building, Albuquerque, NM 87110
    County: Bernalillo
    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
    Metropolitan Statistical Area (MSA): Albuquerque, NM (#200)
    Core Based Statistical Area (CBSA): Albuquerque, NM (#10740)
    CBSA Metro Statistical Area: Albuquerque, NM (#10740)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $71.8 mil
    Equity capital: $3.5 mil
    Deposits held in domestic offices: $68.1 mil
    Return on assets (ROA): -0.31% (-$0.2 mil)
    Quarterly return on assets: -1.01% (-$0.7 mil)
    Return on Equity (ROE): -6.14% (-$0.2 mil)
    Quarterly return on equity: -19.78% (-$0.8 mil)
    Net income: -$0.2 mil
    Quarterly Net income: -$0.2 mil
    Pretax return on assets: -0.39% (-$280.1 mil)
    Quarterly Pretax return on assets: -1.01% (-$725.4 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
  • 14Total employees (full-time equivalent)
  • $71,824Total assets
  • $9,667Cash and due from depository institutions
  • $9,054Interest-bearing balances
  • $25,583Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $32,881Net loans & leases
  • $1,254Loan loss allowance
  • $0Trading account assets
  • $28Bank premises and fixed assets
  • $3,015Other real estate owned
  • $0Goodwill and other intangibles
  • $71,824Life insurance assets
  • $650All other assets
  • $68,316Total liabilities and capital
  • $68,124Total liabilities
  • $64,062Total deposits
  • $68,124Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $192Subordinated debt
  • $3,508All other liabilities
  • $3,508Total equity capital
  • $3,508Total bank equity capital
  • $0Perpetual preferred stock
  • $4,738Common stock
  • $2,903Surplus
  • $-4,133Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $288Income earned, not collected on loans
  • $0Earning assets
  • $232Long-term assets (5+ years)
  • $67,518Average Assets, year-to-date
  • $25,847Average Assets, quarterly
  • $71,387Volatile liabilities
  • $70,679Insider loans
  • $40,968FHLB advances
  • $69,715Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,569Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $511Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,954Total interest income
  • $692Total interest expense
  • $2,262Net interest income
  • $48Provision for loan and lease losses
  • $143Total noninterest income
  • $0Fiduciary activities
  • $29Service charges on deposit accounts
  • $0Trading account gains & fees
  • $114Additional noninterest income
  • $2,723Total noninterest expense
  • $911Salaries and employee benefits
  • $191Premises and equipment expense
  • $1,621Additional noninterest expense
  • -$366Pre-tax net operating income
  • $86Securities gains (losses)
  • -$57Applicable income taxes
  • -$223Income before extraordinary items
  • $0Extraordinary gains - net
  • -$223Net income attributable to bank
  • $0Net charge-offs
  • -$223Cash dividends
  • $352Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.43%Yield on earning assets
  • 1.04%Cost of funding earning assets
  • 3.39%Net interest margin
  • 0.21%Noninterest income to earning assets
  • 4.08%Noninterest expense to earning assets
  • -0.41%Net operating income to assets
  • -0.31%Return on assets (ROA)
  • -0.39%Pretax return on assets
  • -6.14%Return on equity (ROE)
  • -6.14%Retained earnings to average equity (YTD only)
  • 0.90%Net charge-offs to loans
  • 13.64%Credit loss provision to net charge-offs
  • -0.90%Efficiency ratio
  • 113,222Assets per employee
  • 5.13%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.67%Loss allowance to noncurrent loans
  • 435.42%Noncurrent assets plus other real estate owned to assets
  • 4.60%Noncurrent loans to loans
  • 0.84%Net loans and leases to deposits
  • 48.27%Net loans and leases to core deposits
  • 49.43%Equity capital to assets
  • 4.88%Core capital (leverage) ratio
  • 5.12%Tier 1 risk-based capital ratio
  • 8.71%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $71,387Average earning assets
  • $3,630Average equity
  • $66,698Average loans

List of branches

  • 1 New Mexico Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    059061Bank 1st2900 Louisiana, N.E., South Building, Albuquerque, NM 87110November 03, 1997Full Service Brick and Mortar

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