First National Bank of Chaves County in Roswell, New Mexico (NM)



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First National Bank of Chaves County
GeneralFDIC 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
LocationAddress: 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 SummaryTotal 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)
Total employees (full-time equivalent)21
Total assets$37,761
Cash and due from depository institutions$1,665
Interest-bearing balances$0
Securities$7,080
Federal funds sold & reverse repurchase agreements$1,150
Net loans & leases$26,540
Loan loss allowance $409
Trading account assets$0
Bank premises and fixed assets$177
Other real estate owned$44
Goodwill and other intangibles$0
All other assets$1,105
Life insurance assets$0
Total liabilities and capital$37,761
Total liabilities$34,602
Total deposits$34,385
Interest-bearing deposits$29,949
Deposits held in domestic offices$34,385
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $217
Total equity capital$3,159
Total bank equity capital$3,159
Perpetual preferred stock$3,159
Common stock$0
Surplus$950
Undivided profits $1,300
Memoranda
Noncurrent loans and leases $909
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $194
Long-term assets (5+ years) $0
Average Assets, year-to-date $164
Average Assets, quarterly $34,770
Volatile liabilities $4,645
Insider loans $36,932
FHLB advances $37,820
Loans and leases held for sale $10,854
Unused loan commitments $133
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $930
Restructured Loans and leases $0
Derivatives$27,368
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Income and Expense (December 31, 1997)
(Dollar figures in thousands)
Total interest income $3,275
Total interest expense $1,438
Net interest income $1,837
Provision for loan and lease losses $25
Total noninterest income $314
Fiduciary activities $0
Service charges on deposit accounts $210
Trading account gains & fees $0
Additional noninterest income $104
Total noninterest expense $1,523
Salaries and employee benefits $781
Premises and equipment expense $257
Additional noninterest expense $485
Pre-tax net operating income $603
Securities gains (losses) $1
Applicable income taxes $199
Income before extraordinary items $405
Extraordinary gains - net $0
Net income attributable to bank $405
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $126
Net operating income $0
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Performance and Condition Ratios (December 31, 1997)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets9.62%
Cost of funding earning assets 4.23%
Net interest margin 5.40%
Noninterest income to earning assets 0.92%
Noninterest expense to earning assets 4.48%
Net operating income to assets 1.09%
Return on assets (ROA) 1.10%
Pretax return on assets 1.64%
Return on equity (ROE) 13.82%
Retained earnings to average equity (YTD only) 13.82%
Net charge-offs to loans 0.48%
Credit loss provision to net charge-offs 19.84%
Efficiency ratio4.98%
Assets per employee$70,804
Cash dividends to net income (YTD only)1.80%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.52%
Noncurrent assets plus other real estate owned to assets 210.82%
Noncurrent loans to loans 0.63%
Net loans and leases to deposits0.72%
Net loans and leases to core deposits 77.18%
Equity capital to assets 112.79%
Core capital (leverage) ratio 8.37%
Tier 1 risk-based capital ratio 8.23%
Total risk-based capital ratio 11.50%
Memoranda
Average assets$13
Average earning assets$36,932
Average equity $2,931
Average loans $34,026
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