First New Mexico Bank of Silver City in Silver City, New Mexico (NM)



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First New Mexico Bank of Silver City routing number info

Table of contents:
First New Mexico Bank of Silver City
GeneralFDIC Certificate #: 24865
Status: Active
Federal Reserve ID: 495558
Bank Holding Company (Regulatory Top Holder): First New Mexico Financial Corporation (RSSDID: 1107830, Location: Deming, NM)
Date Established: January 04, 1984
WWW: http://www.fnmbsc.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
FDIC's unique #: 17241
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: No
Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
Date of Deposit Insurance: January 04, 1984
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 1928 Hwy 180 East, Silver City, NM 88061
County: Grant
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): Silver City, NM (#43500)
CBSA Micro Statistical Area: Yes
History of ChangesChange in Location
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $85.9 mil
Equity capital: $9.2 mil
Deposits held in domestic offices: $75.3 mil
Return on assets (ROA): 1.22% ($1.0 mil)
Quarterly return on assets: 1.40% ($1.2 mil)
Return on Equity (ROE): 11.61% ($1.0 mil)
Quarterly return on equity: 13.33% ($1.2 mil)
Net income: $1.0 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 1.56% ($1,340.0 mil)
Quarterly Pretax return on assets: 1.62% ($1,391.5 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)
Total employees (full-time equivalent)21
Total assets$85,897
Cash and due from depository institutions$14,369
Interest-bearing balances$12,201
Securities$34,092
Federal funds sold & reverse repurchase agreements$2,500
Net loans & leases$30,350
Loan loss allowance $657
Trading account assets$0
Bank premises and fixed assets$2,387
Other real estate owned$40
Goodwill and other intangibles$0
All other assets$2,159
Life insurance assets$85,897
Total liabilities and capital$76,714
Total liabilities$75,255
Total deposits$68,254
Interest-bearing deposits$75,255
Deposits held in domestic offices$96
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $1,459
All other liabilities $9,183
Total equity capital$9,183
Total bank equity capital$9,183
Perpetual preferred stock$0
Common stock$500
Surplus$1,800
Undivided profits $6,883
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $711
Income earned, not collected on loans $694
Earning assets $0
Long-term assets (5+ years) $643
Average Assets, year-to-date $79,143
Average Assets, quarterly $22,449
Volatile liabilities $84,696
Insider loans $86,414
FHLB advances $46,134
Loans and leases held for sale $86,414
Unused loan commitments $1,087
Tier 1 (core) risk-based capital $1,087
Tier 2 risk-based capital $9,183
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $1,238
Derivatives$212
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,018
Total interest expense $584
Net interest income $3,434
Provision for loan and lease losses $95
Total noninterest income $448
Fiduciary activities $0
Service charges on deposit accounts $220
Trading account gains & fees $0
Additional noninterest income $228
Total noninterest expense $2,466
Salaries and employee benefits $1,092
Premises and equipment expense $299
Additional noninterest expense $1,075
Pre-tax net operating income $1,321
Securities gains (losses) $0
Applicable income taxes $286
Income before extraordinary items $1,035
Extraordinary gains - net $0
Net income attributable to bank $1,035
Net charge-offs $0
Cash dividends $1,035
Sale, conversion, retirement of capital stock, net $91
Net operating income $576
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.18%
Cost of funding earning assets 0.75%
Net interest margin 4.43%
Noninterest income to earning assets 0.58%
Noninterest expense to earning assets 3.18%
Net operating income to assets 1.22%
Return on assets (ROA) 1.22%
Pretax return on assets 1.56%
Return on equity (ROE) 11.61%
Retained earnings to average equity (YTD only) 5.15%
Net charge-offs to loans 0.29%
Credit loss provision to net charge-offs 104.40%
Efficiency ratio15.56%
Assets per employee$63,524
Cash dividends to net income (YTD only)4.09%
Condition Ratios (%)
Loss allowance to loans 55.65%
Loss allowance to noncurrent loans 2.12%
Noncurrent assets plus other real estate owned to assets 94.67%
Noncurrent loans to loans 0.85%
Net loans and leases to deposits2.24%
Net loans and leases to core deposits 40.33%
Equity capital to assets 40.88%
Core capital (leverage) ratio 10.69%
Tier 1 risk-based capital ratio 10.63%
Total risk-based capital ratio 19.91%
Memoranda
Average assets$21
Average earning assets$84,696
Average equity $8,915
Average loans $77,549
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2 New Mexico Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
017241First New Mexico Bank Of Silver City1928 Hwy 180 East, Silver City, NM 88061January 04, 1984Full Service Brick and Mortar
3501276First New Mexico Bank Of Silver City1100 N. Hudson, Silver City, NM 88061December 28, 2009Full Service Brick and Mortar
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