FirstBank, Farmington, New Mexico in Farmington, New Mexico (NM)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 27, 1993

  • FirstBank, Farmington, New Mexico in Farmington, New Mexico (NM)
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FirstBank, Farmington, New Mexico - Overview

  • General
  • FDIC Certificate #: 19025
    Status: Inactive
    Closing history: Absorption - Without Assistance
    Acquiring institution: Bank of the Southwest (#2247)
    Federal Reserve ID: 963356
    Date Established: Febuary 03, 1964
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    FDIC's unique #: 12865
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: Febuary 03, 1964
    Last Structure Change Effective Date: August 27, 1993
    Last Structure Change Process Date: October 04, 1993
    Last Data Update: October 04, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 320 West Main Street, Farmington, NM 87401
    County: San Juan
    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): Farmington, NM (#22140)
    CBSA Metro Statistical Area: Farmington, NM (#22140)
  • Financial Summary
  • Total assets: $23.2 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $22Total assets
  • $25,005Cash and due from depository institutions
  • $2,982Interest-bearing balances
  • $0Securities
  • $5,461Federal funds sold & reverse repurchase agreements
  • $5,000Net loans & leases
  • $9,833Loan loss allowance
  • $436Trading account assets
  • $0Bank premises and fixed assets
  • $824Other real estate owned
  • $605Goodwill and other intangibles
  • $300Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $25,005Total liabilities
  • $23,150Total deposits
  • $23,043Interest-bearing deposits
  • $17,666Deposits held in domestic offices
  • 23043.00%% insured (estimated)
  • $92Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $107Total equity capital
  • $107Total bank equity capital
  • $1,855Perpetual preferred stock
  • $0Common stock
  • $752Surplus
  • $1,119Undivided profits
  • Memoranda
  • $-16Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $283Income earned, not collected on loans
  • $58Earning assets
  • $20,294Long-term assets (5+ years)
  • $466Average Assets, year-to-date
  • $28,285Average Assets, quarterly
  • $25,142Volatile liabilities
  • $2,954Insider loans
  • $186FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $491Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,855Total risk weighted assets
  • $13,178Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $1,983Total interest expense
  • $843Net interest income
  • $1,140Provision for loan and lease losses
  • $0Total noninterest income
  • $273Fiduciary activities
  • $0Service charges on deposit accounts
  • $208Trading account gains & fees
  • $0Additional noninterest income
  • $65Total noninterest expense
  • $1,431Salaries and employee benefits
  • $568Premises and equipment expense
  • $340Additional noninterest expense
  • $523Pre-tax net operating income
  • -$18Securities gains (losses)
  • $2Applicable income taxes
  • $0Income before extraordinary items
  • -$16Extraordinary gains - net
  • $0Net income attributable to bank
  • -$16Net charge-offs
  • $402Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.62%Cost of funding earning assets
  • 3.67%Net interest margin
  • 4.96%Noninterest income to earning assets
  • 1.19%Noninterest expense to earning assets
  • 6.22%Net operating income to assets
  • -0.06%Return on assets (ROA)
  • -0.06%Pretax return on assets
  • -0.06%Return on equity (ROE)
  • -0.88%Retained earnings to average equity (YTD only)
  • -0.88%Net charge-offs to loans
  • 2.97%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 101,274Assets per employee
  • 1.14%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.25%Loss allowance to noncurrent loans
  • 154.06%Noncurrent assets plus other real estate owned to assets
  • 3.55%Noncurrent loans to loans
  • 2.76%Net loans and leases to deposits
  • 42.67%Net loans and leases to core deposits
  • 48.95%Equity capital to assets
  • 7.42%Core capital (leverage) ratio
  • 7.40%Tier 1 risk-based capital ratio
  • 14.08%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $28,285Average earning assets
  • $1,813Average equity
  • $22,999Average loans

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