First Bank of Grants, National Association in Grants, New Mexico (NM)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 20, 1999

  • First Bank of Grants, National Association in Grants, New Mexico (NM)
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First Bank of Grants, National Association - Overview

  • General
  • FDIC Certificate #: 17894
    Status: Inactive
    Closing history: Consolidated - Without Assistance
    Acquiring institution: Wells Fargo Bank New Mexico, National Association (#2252)
    Federal Reserve ID: 761655
    Date Established: August 01, 1958
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Interstate: No)
    FDIC's unique #: 11833
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: August 01, 1958
    Last Structure Change Effective Date: Febuary 20, 1999
    Last Structure Change Process Date: March 11, 1999
    Last Data Update: March 11, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 201 North First Street, Grants, NM 87020
    County: Cibola
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Albuquerque
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Grants, NM (#24380)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $43.6 mil

1992 - 1999 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, 1998)

  • Dollar figures in thousands
  • 27Total employees (full-time equivalent)
  • $43,632Total assets
  • $4,285Cash and due from depository institutions
  • $0Interest-bearing balances
  • $4,925Securities
  • $18,500Federal funds sold & reverse repurchase agreements
  • $14,937Net loans & leases
  • $359Loan loss allowance
  • $0Trading account assets
  • $275Bank premises and fixed assets
  • $178Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $532All other assets
  • $43,632Total liabilities and capital
  • $40,222Total liabilities
  • $39,767Total deposits
  • $32,496Interest-bearing deposits
  • $39,767Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $455All other liabilities
  • $3,410Total equity capital
  • $3,410Total bank equity capital
  • $3,410Perpetual preferred stock
  • $0Common stock
  • $270Surplus
  • $1,730Undivided profits
  • Memoranda
  • $1,410Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $185Earning assets
  • $0Long-term assets (5+ years)
  • $113Average Assets, year-to-date
  • $38,362Average Assets, quarterly
  • $1,872Volatile liabilities
  • $44,393Insider loans
  • $42,475FHLB advances
  • $3,154Loans and leases held for sale
  • $25Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $474Total unused commitments
  • $0Restructured Loans and leases
  • $18,830Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $3,003Total interest income
  • $1,204Total interest expense
  • $1,799Net interest income
  • $177Provision for loan and lease losses
  • $410Total noninterest income
  • $0Fiduciary activities
  • $271Service charges on deposit accounts
  • $0Trading account gains & fees
  • $139Additional noninterest income
  • $2,311Total noninterest expense
  • $786Salaries and employee benefits
  • $188Premises and equipment expense
  • $1,337Additional noninterest expense
  • -$279Pre-tax net operating income
  • $0Securities gains (losses)
  • -$104Applicable income taxes
  • -$185Income before extraordinary items
  • $0Extraordinary gains - net
  • -$185Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $178Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.62%Yield on earning assets
  • 3.06%Cost of funding earning assets
  • 4.57%Net interest margin
  • 1.04%Noninterest income to earning assets
  • 5.87%Noninterest expense to earning assets
  • -0.42%Net operating income to assets
  • -0.42%Return on assets (ROA)
  • -0.65%Pretax return on assets
  • -5.45%Return on equity (ROE)
  • -5.45%Retained earnings to average equity (YTD only)
  • 0.97%Net charge-offs to loans
  • 99.44%Credit loss provision to net charge-offs
  • -0.57%Efficiency ratio
  • 104,617Assets per employee
  • 1.62%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.35%Loss allowance to noncurrent loans
  • 194.05%Noncurrent assets plus other real estate owned to assets
  • 0.83%Noncurrent loans to loans
  • 1.21%Net loans and leases to deposits
  • 37.56%Net loans and leases to core deposits
  • 40.80%Equity capital to assets
  • 7.82%Core capital (leverage) ratio
  • 7.90%Tier 1 risk-based capital ratio
  • 18.00%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $44,393Average earning assets
  • $3,396Average equity
  • $39,403Average loans

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