First Community Bank in Taos, New Mexico (NM)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 28, 2011

  • First Community Bank in Taos, New Mexico (NM)
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First Community Bank - Overview

  • General
  • FDIC Certificate #: 12261
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: U.S. Bank National Association (#6548)
    Federal Reserve ID: 236751
    Date Established: January 01, 1922
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 38 (Interstate: No)
    OTS Docket #: 11720
    FDIC's unique #: 7796
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: January 28, 2011
    Last Structure Change Process Date: January 31, 2011
    Last Data Update: January 31, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 120 West Plaza, Taos, NM 87571
    County: Taos
    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): Taos, NM (#45340)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $2,188.2 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, 2010)

  • Dollar figures in thousands
  • 479Total employees (full-time equivalent)
  • $2,188,154Total assets
  • $249,758Cash and due from depository institutions
  • $214,470Interest-bearing balances
  • $386,448Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,423,860Net loans & leases
  • $113,706Loan loss allowance
  • $0Trading account assets
  • $29,846Bank premises and fixed assets
  • $41,941Other real estate owned
  • $4,356Goodwill and other intangibles
  • $11,442Life insurance assets
  • $51,945All other assets
  • $2,188,154Total liabilities and capital
  • $2,153,625Total liabilities
  • $1,847,851Total deposits
  • $1,508,235Interest-bearing deposits
  • $1,847,851Deposits held in domestic offices
  • 99.00%% insured (estimated)
  • $24,638Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $264,347Other borrowed funds
  • $0Subordinated debt
  • $16,789All other liabilities
  • $34,529Total equity capital
  • $34,529Total bank equity capital
  • $34,529Perpetual preferred stock
  • $0Common stock
  • $2,250Surplus
  • $248,408Undivided profits
  • Memoranda
  • $-216,129Noncurrent loans and leases
  • $105,893Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $264,305Earning assets
  • $2,891Long-term assets (5+ years)
  • $5,779Average Assets, year-to-date
  • $2,024,778Average Assets, quarterly
  • $361,777Volatile liabilities
  • $2,542,937Insider loans
  • $2,250,376FHLB advances
  • $862,022Loans and leases held for sale
  • $7,123Unused loan commitments
  • $264,347Tier 1 (core) risk-based capital
  • $10,098Tier 2 risk-based capital
  • $4,605Total risk weighted assets
  • $105,893Total unused commitments
  • $11,408Restructured Loans and leases
  • $19,879Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $100,735Total interest income
  • $30,636Total interest expense
  • $70,099Net interest income
  • $101,700Provision for loan and lease losses
  • -$3,699Total noninterest income
  • $0Fiduciary activities
  • $9,206Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$12,905Additional noninterest income
  • $85,538Total noninterest expense
  • $29,566Salaries and employee benefits
  • $14,702Premises and equipment expense
  • $41,270Additional noninterest expense
  • -$120,838Pre-tax net operating income
  • $6,964Securities gains (losses)
  • $754Applicable income taxes
  • -$114,628Income before extraordinary items
  • $0Extraordinary gains - net
  • -$114,628Net income attributable to bank
  • $0Net charge-offs
  • -$114,628Cash dividends
  • $116,885Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.29%Yield on earning assets
  • 1.30%Cost of funding earning assets
  • 2.98%Net interest margin
  • -0.16%Noninterest income to earning assets
  • 3.64%Noninterest expense to earning assets
  • -4.78%Net operating income to assets
  • -4.51%Return on assets (ROA)
  • -4.48%Pretax return on assets
  • -131.84%Return on equity (ROE)
  • -131.84%Retained earnings to average equity (YTD only)
  • 6.60%Net charge-offs to loans
  • 87.01%Credit loss provision to net charge-offs
  • -0.16%Efficiency ratio
  • 127,247Assets per employee
  • 4.57%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 7.40%Loss allowance to noncurrent loans
  • 43.02%Noncurrent assets plus other real estate owned to assets
  • 14.00%Noncurrent loans to loans
  • 17.19%Net loans and leases to deposits
  • 77.05%Net loans and leases to core deposits
  • 114.68%Equity capital to assets
  • 1.58%Core capital (leverage) ratio
  • 1.19%Tier 1 risk-based capital ratio
  • 1.78%Total risk-based capital ratio
  • Memoranda
  • $3Average assets
  • $2,542,937Average earning assets
  • $86,944Average equity
  • $2,348,870Average loans

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