First State Bank in city_name, state_name - Detailed Financial Reports, Location

First State Bank in Socorro, New Mexico (NM)
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First State Bank routing number info

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First State Bank - Overview

General
FDIC Certificate #: 16600
Status: Active
Federal Reserve ID: 497655
Bank Holding Company (Regulatory Top Holder): Bbs Corp. (RSSDID: 2049142, Location: Socorro, NM)
Date Established: July 01, 1947
WWW: http://www.socorrobanking.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
FDIC's unique #: 10743
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: July 01, 1947
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: 103 Manzanares Avenue, Socorro, NM 87801
County: Socorro
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
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $119.4 mil
Equity capital: $11.5 mil
Deposits held in domestic offices: $107.7 mil
Return on assets (ROA): 0.95% ($1.1 mil)
Quarterly return on assets: 0.98% ($1.2 mil)
Return on Equity (ROE): 10.43% ($1.1 mil)
Quarterly return on equity: 10.51% ($1.2 mil)
Net income: $1.1 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 1.37% ($1,635.5 mil)
Quarterly Pretax return on assets: 1.46% ($1,742.9 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
31Total employees (full-time equivalent)
$119,380Total assets
$8,153Cash and due from depository institutions
$4,997Interest-bearing balances
$93,067Securities
$273Federal funds sold & reverse repurchase agreements
$12,818Net loans & leases
$706Loan loss allowance
$0Trading account assets
$3,319Bank premises and fixed assets
$7Other real estate owned
$0Goodwill and other intangibles
$119,380Life insurance assets
$1,743All other assets
$107,881Total liabilities and capital
$107,707Total liabilities
$104,652Total deposits
$107,707Interest-bearing deposits
$50Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$174Subordinated debt
$11,499All other liabilities
$11,499Total equity capital
$11,499Total bank equity capital
$0Perpetual preferred stock
$1,150Common stock
$4,850Surplus
$5,499Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$172Income earned, not collected on loans
$0Earning assets
$1,199Long-term assets (5+ years)
$111,155Average Assets, year-to-date
$77,429Average Assets, quarterly
$121,261Volatile liabilities
$121,656Insider loans
$30,770FHLB advances
$122,347Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$11,474Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$2,013Restructured Loans and leases
$10Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$5,506Total interest income
$235Total interest expense
$5,271Net interest income
$30Provision for loan and lease losses
$650Total noninterest income
$0Fiduciary activities
$189Service charges on deposit accounts
$0Trading account gains & fees
$461Additional noninterest income
$4,227Total noninterest expense
$1,763Salaries and employee benefits
$810Premises and equipment expense
$1,654Additional noninterest expense
$1,664Pre-tax net operating income
$0Securities gains (losses)
$514Applicable income taxes
$1,150Income before extraordinary items
$0Extraordinary gains - net
$1,150Net income attributable to bank
$0Net charge-offs
$1,150Cash dividends
$22Sale, conversion, retirement of capital stock, net
$460Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.86%Yield on earning assets
0.21%Cost of funding earning assets
4.65%Net interest margin
0.57%Noninterest income to earning assets
3.73%Noninterest expense to earning assets
0.95%Net operating income to assets
0.95%Return on assets (ROA)
1.37%Pretax return on assets
10.43%Return on equity (ROE)
6.26%Retained earnings to average equity (YTD only)
0.15%Net charge-offs to loans
136.36%Credit loss provision to net charge-offs
77.00%Efficiency ratio
71,390Assets per employee
3.85%Cash dividends to net income (YTD only)
Condition Ratios (%)
40.00%Loss allowance to loans
5.22%Loss allowance to noncurrent loans
410.47%Noncurrent assets plus other real estate owned to assets
0.15%Noncurrent loans to loans
1.27%Net loans and leases to deposits
11.90%Net loans and leases to core deposits
12.78%Equity capital to assets
9.63%Core capital (leverage) ratio
9.38%Tier 1 risk-based capital ratio
37.29%Total risk-based capital ratio
Memoranda
$39Average assets
$121,261Average earning assets
$11,030Average equity
$113,303Average loans

List of branches

3 New Mexico Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	10743	First State Bank	103 Manzanares Avenue, Socorro, NM 87801	July 01, 1947	Full Service Brick and Mortar
1	238435	Reserve Branch	Main Street, Reserve, NM 87830	January 08, 1986	Limited Service Facility
2	238436	Motor Facility	200 California Street, Socorro, NM 87801	January 08, 1986	Limited Service Facility

First State Bank in Socorro, New Mexico (NM)
Overview, Financial Summary, Detailed Financial Reports, Branches

First State Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

First State Bank in Socorro, New Mexico (NM)Overview, Financial Summary, Detailed Financial Reports, Branches

First State Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

First State Bank in Socorro, New Mexico (NM)
Overview, Financial Summary, Detailed Financial Reports, Branches