FDIC Certificate #: 26370 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Security Bank of Southern New Mexico, National Association (#2248) Federal Reserve ID: 659659 Date Established: September 12, 1985 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) FDIC's unique #: 32967 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: September 12, 1985 Last Structure Change Effective Date: July 01, 1998 Last Structure Change Process Date: July 22, 1998 Last Data Update: July 22, 1998 Data Source Date: April 05, 2012
Location
Address: 1901 North Main Street, Roswell, NM 88201 County: Chaves 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): Roswell, NM (#40740) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $39.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
21Total employees (full-time equivalent)
$37,761Total assets
$1,665Cash and due from depository institutions
$0Interest-bearing balances
$7,080Securities
$1,150Federal funds sold & reverse repurchase agreements
$26,540Net loans & leases
$409Loan loss allowance
$0Trading account assets
$177Bank premises and fixed assets
$44Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,105All other assets
$37,761Total liabilities and capital
$34,602Total liabilities
$34,385Total deposits
$29,949Interest-bearing deposits
$34,385Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$217All other liabilities
$3,159Total equity capital
$3,159Total bank equity capital
$3,159Perpetual preferred stock
$0Common stock
$950Surplus
$1,300Undivided profits
Memoranda
$909Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$194Earning assets
$0Long-term assets (5+ years)
$164Average Assets, year-to-date
$34,770Average Assets, quarterly
$4,645Volatile liabilities
$36,932Insider loans
$37,820FHLB advances
$10,854Loans and leases held for sale
$133Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$930Total unused commitments
$0Restructured Loans and leases
$27,368Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$3,275Total interest income
$1,438Total interest expense
$1,837Net interest income
$25Provision for loan and lease losses
$314Total noninterest income
$0Fiduciary activities
$210Service charges on deposit accounts
$0Trading account gains & fees
$104Additional noninterest income
$1,523Total noninterest expense
$781Salaries and employee benefits
$257Premises and equipment expense
$485Additional noninterest expense
$603Pre-tax net operating income
$1Securities gains (losses)
$199Applicable income taxes
$405Income before extraordinary items
$0Extraordinary gains - net
$405Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$126Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.62%Yield on earning assets
4.23%Cost of funding earning assets
5.40%Net interest margin
0.92%Noninterest income to earning assets
4.48%Noninterest expense to earning assets
1.09%Net operating income to assets
1.10%Return on assets (ROA)
1.64%Pretax return on assets
13.82%Return on equity (ROE)
13.82%Retained earnings to average equity (YTD only)
0.48%Net charge-offs to loans
19.84%Credit loss provision to net charge-offs
4.98%Efficiency ratio
70,804Assets per employee
1.80%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.52%Loss allowance to noncurrent loans
210.82%Noncurrent assets plus other real estate owned to assets
0.63%Noncurrent loans to loans
0.72%Net loans and leases to deposits
77.18%Net loans and leases to core deposits
112.79%Equity capital to assets
8.37%Core capital (leverage) ratio
8.23%Tier 1 risk-based capital ratio
11.50%Total risk-based capital ratio
Memoranda
$13Average assets
$36,932Average earning assets
$2,931Average equity
$34,026Average loans
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