First Security Bank of New Mexico, National Association in city_name, state_name

First Security Bank of New Mexico, National Association in Albuquerque, New Mexico (NM)
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First Security Bank of New Mexico, National Association - Overview

General
FDIC Certificate #: 2233
Status: Inactive
Closing history: Office Sold
Acquiring institution: Bank of the West (#3514)
Federal Reserve ID: 554455
Date Established: October 23, 1933
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 53 (Interstate: No)
FDIC's unique #: 1484
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: January 01, 1934
Last Structure Change Effective Date: Febuary 16, 2001
Last Structure Change Process Date: March 15, 2001
Last Data Update: March 15, 2001
Data Source Date: April 05, 2012
Location
Address: 40 First Plaza, Albuquerque, NM 87103
County: Bernalillo
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
Metropolitan Statistical Area (MSA): Albuquerque, NM (#200)
Core Based Statistical Area (CBSA): Albuquerque, NM (#10740)
CBSA Metro Statistical Area: Albuquerque, NM (#10740)
History of Changes
Absorption - Without Assistance
Office Sold
Financial Summary
Total assets: $2,212.0 mil

1992 - 1999 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, 2000)

Dollar figures in thousands
445Total employees (full-time equivalent)
$2,211,982Total assets
$168,891Cash and due from depository institutions
$254Interest-bearing balances
$448,585Securities
$504,400Federal funds sold & reverse repurchase agreements
$965,133Net loans & leases
$21,396Loan loss allowance
$0Trading account assets
$27,571Bank premises and fixed assets
$958Other real estate owned
$33,172Goodwill and other intangibles
$0Life insurance assets
$63,272All other assets
$2,211,982Total liabilities and capital
$1,982,564Total liabilities
$1,652,751Total deposits
$1,291,457Interest-bearing deposits
$1,652,751Deposits held in domestic offices
0.00%% insured (estimated)
$261,965Federal funds purchased & repurchase agreements
$0Trading liabilities
$13,869Other borrowed funds
$0Subordinated debt
$53,979All other liabilities
$229,418Total equity capital
$229,418Total bank equity capital
$229,418Perpetual preferred stock
$0Common stock
$6,875Surplus
$96,877Undivided profits
Memoranda
$125,666Noncurrent loans and leases
$400,350Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$7,203Earning assets
$121Long-term assets (5+ years)
$8,800Average Assets, year-to-date
$1,918,372Average Assets, quarterly
$255,325Volatile liabilities
$2,614,295Insider loans
$2,320,762FHLB advances
$386,630Loans and leases held for sale
$485Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$400,350Total unused commitments
$0Restructured Loans and leases
$20,580Derivatives

Income and Expense (December 31, 2000)

Dollar figures in thousands
$193,851Total interest income
$103,547Total interest expense
$90,304Net interest income
$15,600Provision for loan and lease losses
$23,259Total noninterest income
$3,419Fiduciary activities
$11,881Service charges on deposit accounts
$0Trading account gains & fees
$7,959Additional noninterest income
$73,916Total noninterest expense
$18,751Salaries and employee benefits
$7,291Premises and equipment expense
$47,874Additional noninterest expense
$24,047Pre-tax net operating income
-$40,382Securities gains (losses)
-$6,213Applicable income taxes
-$10,122Income before extraordinary items
$0Extraordinary gains - net
-$10,122Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$15,600Sale, conversion, retirement of capital stock, net
$3,715Net operating income

Performance and Condition Ratios (December 31, 2000)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.45%Yield on earning assets
4.52%Cost of funding earning assets
3.94%Net interest margin
1.01%Noninterest income to earning assets
3.22%Noninterest expense to earning assets
0.60%Net operating income to assets
-0.39%Return on assets (ROA)
-0.62%Pretax return on assets
-4.66%Return on equity (ROE)
-6.37%Retained earnings to average equity (YTD only)
1.21%Net charge-offs to loans
100.00%Credit loss provision to net charge-offs
2.54%Efficiency ratio
65,062Assets per employee
4.97%Cash dividends to net income (YTD only)
Condition Ratios (%)
-36.70%Loss allowance to loans
2.17%Loss allowance to noncurrent loans
297.04%Noncurrent assets plus other real estate owned to assets
0.37%Noncurrent loans to loans
0.73%Net loans and leases to deposits
58.40%Net loans and leases to core deposits
63.03%Equity capital to assets
10.37%Core capital (leverage) ratio
8.78%Tier 1 risk-based capital ratio
11.93%Total risk-based capital ratio
Memoranda
$13Average assets
$2,614,295Average earning assets
$217,212Average equity
$2,292,967Average loans

First Security Bank of New Mexico, National Association in Albuquerque, New Mexico (NM)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Security Bank of New Mexico, National Association - Overview

Assets and Liabilities (December 31, 2000)

Income and Expense (December 31, 2000)

Performance and Condition Ratios (December 31, 2000)

Comment about this bank, ask questions, or add new information about it:

First Security Bank of New Mexico, National Association in Albuquerque, New Mexico (NM)Overview, Financial Summary, Detailed Financial Reports, Branches

First Security Bank of New Mexico, National Association - Overview

Assets and Liabilities (December 31, 2000)

Income and Expense (December 31, 2000)

Performance and Condition Ratios (December 31, 2000)

Comment about this bank, ask questions, or add new information about it:

First Security Bank of New Mexico, National Association in Albuquerque, New Mexico (NM)
Overview, Financial Summary, Detailed Financial Reports, Branches