Community 1st Bank Las Vegas in Las Vegas, New Mexico (NM)

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Community 1st Bank Las Vegas
GeneralFDIC Certificate #: 16854
Status: Active
Federal Reserve ID: 768458
Bank Holding Company (Regulatory Top Holder): Fnb Financial Corporation (RSSDID: 2921695, Location: Las Vegas, NM)
Date Established: November 23, 1949
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 7 (Domestic: 7, Interstate: No)
OTS Docket #: 14210
FDIC's unique #: 10953
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 23, 1949
Last Structure Change Effective Date: June 27, 2011
Last Structure Change Process Date: June 29, 2011
Last Data Update: June 29, 2011
Data Source Date: April 05, 2012
LocationAddress: 600 Douglas Ave, Las Vegas, NM 87701
County: San Miguel
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): Las Vegas, NM (#29780)
CBSA Micro Statistical Area: Yes
History of ChangesChange in Location
Financial SummaryTotal assets: $167.2 mil
Equity capital: $17.1 mil
Deposits held in domestic offices: $148.0 mil
Return on assets (ROA): 1.07% ($1.8 mil)
Quarterly return on assets: 1.61% ($2.7 mil)
Return on Equity (ROE): 11.71% ($2.0 mil)
Quarterly return on equity: 17.13% ($2.9 mil)
Net income: $1.9 mil
Quarterly Net income: $0.7 mil
Pretax return on assets: 1.07% ($1,788.7 mil)
Quarterly Pretax return on assets: 1.61% ($2,691.4 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)
Total employees (full-time equivalent)57
Total assets$167,168
Cash and due from depository institutions$4,128
Interest-bearing balances$235
Federal funds sold & reverse repurchase agreements$4,250
Net loans & leases$106,705
Loan loss allowance $2,180
Trading account assets$0
Bank premises and fixed assets$4,433
Other real estate owned$5,413
Goodwill and other intangibles$0
All other assets$1,738
Life insurance assets$167,168
Total liabilities and capital$150,084
Total liabilities$148,002
Total deposits$129,102
Interest-bearing deposits$148,002
Deposits held in domestic offices$71
% insured (estimated)1082.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$756
Other borrowed funds $0
Subordinated debt $244
All other liabilities $17,084
Total equity capital$17,084
Total bank equity capital$17,084
Perpetual preferred stock$0
Common stock$495
Undivided profits $8,513
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 $1,880
Earning assets $0
Long-term assets (5+ years) $952
Average Assets, year-to-date $151,691
Average Assets, quarterly $44,338
Volatile liabilities $181,527
Insider loans $182,561
FHLB advances $104,121
Loans and leases held for sale $172,862
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $15,103
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $2,772
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $9,743
Total interest expense $2,229
Net interest income $7,514
Provision for loan and lease losses $1,021
Total noninterest income $544
Fiduciary activities $0
Service charges on deposit accounts $237
Trading account gains & fees $0
Additional noninterest income $307
Total noninterest expense $5,964
Salaries and employee benefits $2,427
Premises and equipment expense $769
Additional noninterest expense $2,768
Pre-tax net operating income $1,073
Securities gains (losses) $862
Applicable income taxes $0
Income before extraordinary items $1,935
Extraordinary gains - net $0
Net income attributable to bank $1,935
Net charge-offs $0
Cash dividends $1,935
Sale, conversion, retirement of capital stock, net $2,401
Net operating income $927
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.79%
Cost of funding earning assets 1.32%
Net interest margin 4.47%
Noninterest income to earning assets 0.32%
Noninterest expense to earning assets 3.54%
Net operating income to assets 0.59%
Return on assets (ROA) 1.07%
Pretax return on assets 1.07%
Return on equity (ROE) 11.71%
Retained earnings to average equity (YTD only) 6.10%
Net charge-offs to loans 2.06%
Credit loss provision to net charge-offs 42.52%
Efficiency ratio0.87%
Assets per employee$74,013
Cash dividends to net income (YTD only)2.93%
Condition Ratios (%)
Loss allowance to loans 47.91%
Loss allowance to noncurrent loans 2.00%
Noncurrent assets plus other real estate owned to assets 115.96%
Noncurrent loans to loans 4.36%
Net loans and leases to deposits1.73%
Net loans and leases to core deposits 72.10%
Equity capital to assets 76.92%
Core capital (leverage) ratio 10.22%
Tier 1 risk-based capital ratio 8.74%
Total risk-based capital ratio 14.51%
Average assets$16
Average earning assets$181,527
Average equity $16,518
Average loans $168,243
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7 New Mexico Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
010953Community 1st Bank Las Vegas600 Douglas Ave, Las Vegas, NM 87701November 23, 1949Full Service Brick and Mortar
1239085Legion Park BranchSeventh Street And Legion Drive, Las Vegas, NM 87701September 13, 1973Full Service Brick and Mortar
2239086Motor Branch520 Douglas Avenue, Las Vegas, NM 87701May 07, 1984Limited Service Facility
3437152Mora BranchMain Street, Mora, NM 87732July 01, 2004Full Service Brick and Mortar
4457666Wagon Mound Branch801 Nolan, Wagon Mound, NM 87752October 23, 2006Full Service Brick and Mortar
5457667Roy Branch405 Chicosa, Roy, NM 87743October 23, 2006Full Service Brick and Mortar
6493115Santa Rosa Branch109 S. 4th Street, Santa Rosa, NM 88435October 24, 2008Full Service Brick and Mortar
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