First New Mexico Bank of Silver City in Silver City, New Mexico (NM)
Overview, Financial Summary, Detailed Financial Reports, Branches

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

  • General
  • FDIC 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
    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
  • Location
  • Address: 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 Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 21Total employees (full-time equivalent)
  • $85,897Total assets
  • $14,369Cash and due from depository institutions
  • $12,201Interest-bearing balances
  • $34,092Securities
  • $2,500Federal funds sold & reverse repurchase agreements
  • $30,350Net loans & leases
  • $657Loan loss allowance
  • $0Trading account assets
  • $2,387Bank premises and fixed assets
  • $40Other real estate owned
  • $0Goodwill and other intangibles
  • $85,897Life insurance assets
  • $2,159All other assets
  • $76,714Total liabilities and capital
  • $75,255Total liabilities
  • $68,254Total deposits
  • $75,255Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,459Subordinated debt
  • $9,183All other liabilities
  • $9,183Total equity capital
  • $9,183Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $1,800Surplus
  • $6,883Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $711Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $694Income earned, not collected on loans
  • $0Earning assets
  • $643Long-term assets (5+ years)
  • $79,143Average Assets, year-to-date
  • $22,449Average Assets, quarterly
  • $84,696Volatile liabilities
  • $86,414Insider loans
  • $46,134FHLB advances
  • $86,414Loans and leases held for sale
  • $1,087Unused loan commitments
  • $1,087Tier 1 (core) risk-based capital
  • $9,183Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,238Restructured Loans and leases
  • $212Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,018Total interest income
  • $584Total interest expense
  • $3,434Net interest income
  • $95Provision for loan and lease losses
  • $448Total noninterest income
  • $0Fiduciary activities
  • $220Service charges on deposit accounts
  • $0Trading account gains & fees
  • $228Additional noninterest income
  • $2,466Total noninterest expense
  • $1,092Salaries and employee benefits
  • $299Premises and equipment expense
  • $1,075Additional noninterest expense
  • $1,321Pre-tax net operating income
  • $0Securities gains (losses)
  • $286Applicable income taxes
  • $1,035Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,035Net income attributable to bank
  • $0Net charge-offs
  • $1,035Cash dividends
  • $91Sale, conversion, retirement of capital stock, net
  • $576Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.18%Yield on earning assets
  • 0.75%Cost of funding earning assets
  • 4.43%Net interest margin
  • 0.58%Noninterest income to earning assets
  • 3.18%Noninterest expense to earning assets
  • 1.22%Net operating income to assets
  • 1.22%Return on assets (ROA)
  • 1.56%Pretax return on assets
  • 11.61%Return on equity (ROE)
  • 5.15%Retained earnings to average equity (YTD only)
  • 0.29%Net charge-offs to loans
  • 104.40%Credit loss provision to net charge-offs
  • 15.56%Efficiency ratio
  • 63,524Assets per employee
  • 4.09%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 55.65%Loss allowance to loans
  • 2.12%Loss allowance to noncurrent loans
  • 94.67%Noncurrent assets plus other real estate owned to assets
  • 0.85%Noncurrent loans to loans
  • 2.24%Net loans and leases to deposits
  • 40.33%Net loans and leases to core deposits
  • 40.88%Equity capital to assets
  • 10.69%Core capital (leverage) ratio
  • 10.63%Tier 1 risk-based capital ratio
  • 19.91%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $84,696Average earning assets
  • $8,915Average equity
  • $77,549Average loans

List of branches

  • 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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