First American Bank in Artesia, New Mexico (NM)
Overview, Financial Summary, Detailed Financial Reports, Branches


First American Bank - Overview

  • General
  • FDIC Certificate #: 2240
    Status: Active
    Federal Reserve ID: 771458
    Bank Holding Company (Regulatory Top Holder): First Artesia Bancshares, Inc. (RSSDID: 1108967, Location: Artesia, NM)
    Date Established: January 01, 1903
    WWW: http://www.1streadyonline.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 14 (Domestic: 14, Interstate: No)
    OTS Docket #: 9740
    FDIC's unique #: 1490
    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: January 01, 1934
    Last Structure Change Effective Date: June 25, 2010
    Last Structure Change Process Date: June 26, 2010
    Last Data Update: June 26, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 303 W Main Street, Artesia, NM 88210
    County: Eddy
    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): Carlsbad-Artesia, NM (#16100)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Participated in FDIC Assisted Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $732.3 mil
    Equity capital: $71.0 mil
    Deposits held in domestic offices: $605.7 mil
    Return on assets (ROA): 1.88% ($13.8 mil)
    Quarterly return on assets: 1.98% ($14.5 mil)
    Return on Equity (ROE): 20.30% ($14.4 mil)
    Quarterly return on equity: 21.16% ($15.0 mil)
    Net income: $13.2 mil
    Quarterly Net income: $3.7 mil
    Pretax return on assets: 1.88% ($13,766.4 mil)
    Quarterly Pretax return on assets: 1.98% ($14,498.6 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
  • 226Total employees (full-time equivalent)
  • $732,255Total assets
  • $69,232Cash and due from depository institutions
  • $52,457Interest-bearing balances
  • $195,524Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $405,011Net loans & leases
  • $8,604Loan loss allowance
  • $0Trading account assets
  • $23,440Bank premises and fixed assets
  • $6,029Other real estate owned
  • $0Goodwill and other intangibles
  • $732,255Life insurance assets
  • $33,019All other assets
  • $661,215Total liabilities and capital
  • $605,694Total liabilities
  • $432,639Total deposits
  • $605,694Interest-bearing deposits
  • $74Deposits held in domestic offices
  • 44205.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,708Trading liabilities
  • $0Other borrowed funds
  • $8,608Subordinated debt
  • $71,040All other liabilities
  • $71,040Total equity capital
  • $71,040Total bank equity capital
  • $0Perpetual preferred stock
  • $2,000Common stock
  • $42,900Surplus
  • $26,140Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $10,278Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $10,671Income earned, not collected on loans
  • $0Earning assets
  • $2,807Long-term assets (5+ years)
  • $652,992Average Assets, year-to-date
  • $253,556Average Assets, quarterly
  • $704,539Volatile liabilities
  • $738,811Insider loans
  • $448,768FHLB advances
  • $758,240Loans and leases held for sale
  • $11,636Unused loan commitments
  • $10,899Tier 1 (core) risk-based capital
  • $64,506Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $737Total unused commitments
  • $82,594Restructured Loans and leases
  • $11,620Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $33,782Total interest income
  • $3,205Total interest expense
  • $30,577Net interest income
  • $0Provision for loan and lease losses
  • $7,294Total noninterest income
  • $1,543Fiduciary activities
  • $2,122Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,629Additional noninterest income
  • $24,662Total noninterest expense
  • $13,555Salaries and employee benefits
  • $3,189Premises and equipment expense
  • $7,918Additional noninterest expense
  • $13,209Pre-tax net operating income
  • $3Securities gains (losses)
  • $0Applicable income taxes
  • $13,212Income before extraordinary items
  • $0Extraordinary gains - net
  • $13,212Net income attributable to bank
  • $0Net charge-offs
  • $13,212Cash dividends
  • $700Sale, conversion, retirement of capital stock, net
  • $7,084Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.41%Yield on earning assets
  • 0.51%Cost of funding earning assets
  • 4.90%Net interest margin
  • 1.17%Noninterest income to earning assets
  • 3.95%Noninterest expense to earning assets
  • 1.87%Net operating income to assets
  • 1.88%Return on assets (ROA)
  • 1.88%Pretax return on assets
  • 20.30%Return on equity (ROE)
  • 9.41%Retained earnings to average equity (YTD only)
  • 0.17%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 18.87%Efficiency ratio
  • 65,121Assets per employee
  • 3.24%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 53.62%Loss allowance to loans
  • 2.08%Loss allowance to noncurrent loans
  • 80.63%Noncurrent assets plus other real estate owned to assets
  • 2.28%Noncurrent loans to loans
  • 2.58%Net loans and leases to deposits
  • 66.87%Net loans and leases to core deposits
  • 70.15%Equity capital to assets
  • 9.70%Core capital (leverage) ratio
  • 8.51%Tier 1 risk-based capital ratio
  • 14.37%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $704,539Average earning assets
  • $65,090Average equity
  • $624,062Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $599,372Managed Assets
  • 1Number of Accounts
  • $231,367Personal trust and agency accounts
  • $159,265Employee benefit-defined contribution accounts
  • $208Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $7,456Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $62,313Other fiduciary accounts
  • $2,125Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 433Number of Accounts
  • $0Personal trust and agency accounts
  • $6,244Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $368,005Other retirement accounts
  • $1,180Corporate trust and agency accounts
  • $39,077Other fiduciary accounts
  • $17,413Fiduciary accounts held in foreign offices

List of branches

  • 14 New Mexico Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01490First American Bank303 W Main Street, Artesia, NM 88210January 01, 1903Full Service Brick and Mortar
    1192155Drive-In BranchThird Street And Quay Avenue, Artesia, NM 88210November 24, 1959Limited Service Facility
    2192156Fletc Branch1300 West Richey Avenue, Building #106, Artesia, NM 88210April 24, 1995Limited Service Facility
    3192157Hobbs Branch600 West Bender, Hobbs, NM 88240October 15, 1996Limited Service Facility
    4192158Mesilla Branch1553 Avenida De Mesilla, Suite 225, Las Cruces, NM 88005April 09, 1998Full Service Brick and Mortar
    5192159Roswell Branch111 East Fifth St., Roswell, NM 88201July 31, 1998Full Service Brick and Mortar
    7192161East Lohman Branch2145 East Lohman Avenue, Las Cruces, NM 88004August 02, 1999Full Service Brick and Mortar
    8192162Roswell-Berrendo Branch3220 N Main St, Roswell, NM 88201January 26, 2000Full Service Brick and Mortar
    9423200Alamogordo Branch1300 North White Sands Boulevard, Alamogordo, NM 88310November 03, 2003Full Service Brick and Mortar
    10439330Lovington Branch19 West Washington, Lovington, NM 88260Febuary 22, 2005Full Service Brick and Mortar
    11451456Hobbs Branch1220 Joe Harvey Boulevard, Hobbs, NM 88240April 24, 2006Full Service Brick and Mortar
    12493090Chaparral Branch324 Mccombs, Chaparral, NM 88081January 20, 2009Full Service Brick and Mortar
    1377668Albuquerque Branch8110 Ventura St., Ne, Albuquerque, NM 87122August 16, 1999Full Service Brick and Mortar
    14445196Rio Rancho Branch3002 Southern Blvd., Se, Rio Rancho, NM 87124October 17, 2005Full Service Brick and Mortar

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