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

This bank is inactive as of October 14, 2011

  • Charter Bank in Albuquerque, New Mexico (NM)
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Charter Bank - Overview

  • General
  • FDIC Certificate #: 59030
    Status: Inactive
    Closing history: Office Sold
    Acquiring institution: Beal Bank, SSB (#32574)
    Federal Reserve ID: 4041579
    Date Established: January 22, 2010
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 7 (Interstate: No)
    OTS Docket #: 18136
    FDIC's unique #: 500728
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: January 22, 2010
    Last Structure Change Effective Date: October 14, 2011
    Last Structure Change Process Date: October 26, 2011
    Last Data Update: October 26, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 4400 Osuna Road, Ne, Albuquerque, NM 87109
    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
  • Absorption - Without Assistance
    Office Sold
  • Financial Summary
  • Total assets: $706.0 mil

Assets and Liabilities (December 31, 2010)

  • Dollar figures in thousands
  • 74Total employees (full-time equivalent)
  • $768,998Total assets
  • $119,217Cash and due from depository institutions
  • $115,933Interest-bearing balances
  • $19,971Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $551,446Net loans & leases
  • $8,383Loan loss allowance
  • $0Trading account assets
  • $7,205Bank premises and fixed assets
  • $24,546Other real estate owned
  • $48Goodwill and other intangibles
  • $0Life insurance assets
  • $46,565All other assets
  • $768,998Total liabilities and capital
  • $589,691Total liabilities
  • $292,016Total deposits
  • $274,607Interest-bearing deposits
  • $292,016Deposits held in domestic offices
  • 98.59%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $271,797Other borrowed funds
  • $0Subordinated debt
  • $25,878All other liabilities
  • $179,307Total equity capital
  • $179,307Total bank equity capital
  • $179,307Perpetual preferred stock
  • $0Common stock
  • $97,500Surplus
  • $0Undivided profits
  • Memoranda
  • $81,807Noncurrent loans and leases
  • $15,103Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $128,089Earning assets
  • $127,817Long-term assets (5+ years)
  • $87Average Assets, year-to-date
  • $687,350Average Assets, quarterly
  • $0Volatile liabilities
  • $863,742Insider loans
  • $813,905FHLB advances
  • $388,620Loans and leases held for sale
  • $0Unused loan commitments
  • $271,797Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $15,103Total unused commitments
  • $0Restructured Loans and leases
  • $3,259Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $42,235Total interest income
  • $16,315Total interest expense
  • $25,920Net interest income
  • $8,383Provision for loan and lease losses
  • $55,206Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $55,206Additional noninterest income
  • $58,727Total noninterest expense
  • $8,166Salaries and employee benefits
  • $2,463Premises and equipment expense
  • $48,098Additional noninterest expense
  • $14,016Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $14,016Income before extraordinary items
  • $67,789Extraordinary gains - net
  • $81,805Net income attributable to bank
  • $0Net charge-offs
  • $81,805Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.61%Yield on earning assets
  • 2.17%Cost of funding earning assets
  • 3.44%Net interest margin
  • 7.33%Noninterest income to earning assets
  • 7.80%Noninterest expense to earning assets
  • 1.62%Net operating income to assets
  • 9.47%Return on assets (ROA)
  • 9.47%Pretax return on assets
  • 42.10%Return on equity (ROE)
  • 42.10%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 72,382Assets per employee
  • 10.39%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.50%Loss allowance to noncurrent loans
  • 6.54%Noncurrent assets plus other real estate owned to assets
  • 19.85%Noncurrent loans to loans
  • 22.88%Net loans and leases to deposits
  • 188.84%Net loans and leases to core deposits
  • 314.76%Equity capital to assets
  • 23.32%Core capital (leverage) ratio
  • 23.32%Tier 1 risk-based capital ratio
  • 70.16%Total risk-based capital ratio
  • Memoranda
  • $71Average assets
  • $863,742Average earning assets
  • $194,291Average equity
  • $753,075Average loans

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