Four Corners Community Bank in Farmington, New Mexico (NM), CO
Overview, Financial Summary, Detailed Financial Reports, Branches


Four Corners Community Bank - Overview

  • General
  • FDIC Certificate #: 35441
    Status: Active
    Federal Reserve ID: 2855866
    Date Established: March 01, 2000
    WWW: http://www.thebankforme.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: Yes)
    OTS Docket #: 52524
    FDIC's unique #: 80040
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: March 01, 2000
    Last Structure Change Effective Date: August 25, 2007
    Last Structure Change Process Date: October 02, 2007
    Last Data Update: October 02, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 500 W. Main Street, Suite 101, 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)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $214.4 mil
    Equity capital: $22.1 mil
    Deposits held in domestic offices: $165.7 mil
    Return on assets (ROA): 2.01% ($4.3 mil)
    Quarterly return on assets: 2.56% ($5.5 mil)
    Return on Equity (ROE): 20.76% ($4.6 mil)
    Quarterly return on equity: 24.97% ($5.5 mil)
    Net income: $4.2 mil
    Quarterly Net income: $1.4 mil
    Pretax return on assets: 2.01% ($4,308.6 mil)
    Quarterly Pretax return on assets: 2.56% ($5,487.5 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
  • 49Total employees (full-time equivalent)
  • $214,356Total assets
  • $23,872Cash and due from depository institutions
  • $16,030Interest-bearing balances
  • $65,684Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $117,428Net loans & leases
  • $2,135Loan loss allowance
  • $0Trading account assets
  • $4,702Bank premises and fixed assets
  • $1,047Other real estate owned
  • $0Goodwill and other intangibles
  • $214,356Life insurance assets
  • $1,623All other assets
  • $192,231Total liabilities and capital
  • $165,723Total liabilities
  • $122,116Total deposits
  • $165,723Interest-bearing deposits
  • $79Deposits held in domestic offices
  • 25902.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $178Trading liabilities
  • $0Other borrowed funds
  • $428Subordinated debt
  • $22,125All other liabilities
  • $22,125Total equity capital
  • $22,125Total bank equity capital
  • $0Perpetual preferred stock
  • $3,305Common stock
  • $6,731Surplus
  • $12,089Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,308Income earned, not collected on loans
  • $0Earning assets
  • $878Long-term assets (5+ years)
  • $199,142Average Assets, year-to-date
  • $71,842Average Assets, quarterly
  • $209,862Volatile liabilities
  • $213,491Insider loans
  • $125,925FHLB advances
  • $212,141Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $21,626Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $11,994Restructured Loans and leases
  • $427Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,904Total interest income
  • $1,547Total interest expense
  • $8,357Net interest income
  • $1,000Provision for loan and lease losses
  • $760Total noninterest income
  • $0Fiduciary activities
  • $355Service charges on deposit accounts
  • $0Trading account gains & fees
  • $405Additional noninterest income
  • $4,373Total noninterest expense
  • $2,234Salaries and employee benefits
  • $572Premises and equipment expense
  • $1,567Additional noninterest expense
  • $3,744Pre-tax net operating income
  • $482Securities gains (losses)
  • $0Applicable income taxes
  • $4,226Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,226Net income attributable to bank
  • $0Net charge-offs
  • $4,226Cash dividends
  • $1,098Sale, conversion, retirement of capital stock, net
  • $1,771Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.03%Yield on earning assets
  • 0.79%Cost of funding earning assets
  • 4.25%Net interest margin
  • 0.39%Noninterest income to earning assets
  • 2.22%Noninterest expense to earning assets
  • 1.78%Net operating income to assets
  • 2.01%Return on assets (ROA)
  • 2.01%Pretax return on assets
  • 20.76%Return on equity (ROE)
  • 12.06%Retained earnings to average equity (YTD only)
  • 0.90%Net charge-offs to loans
  • 91.07%Credit loss provision to net charge-offs
  • 4.32%Efficiency ratio
  • 47,965Assets per employee
  • 4.37%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 41.91%Loss allowance to loans
  • 1.79%Loss allowance to noncurrent loans
  • 163.23%Noncurrent assets plus other real estate owned to assets
  • 1.10%Noncurrent loans to loans
  • 1.09%Net loans and leases to deposits
  • 70.86%Net loans and leases to core deposits
  • 89.85%Equity capital to assets
  • 10.32%Core capital (leverage) ratio
  • 10.19%Tier 1 risk-based capital ratio
  • 17.17%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $209,862Average earning assets
  • $20,355Average equity
  • $196,748Average loans

List of branches

  • 1 Colorado Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    417596Cortez Branch343 E. Main St., Cortez, CO 81321November 01, 1984Full Service Brick and Mortar
  • 4 New Mexico Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    080040Four Corners Community Bank500 W. Main Street, Suite 101, Farmington, NM 87401March 01, 2000Full Service Brick and Mortar
    135962820th Street Branch2811 E. 20th Street, Farmington, NM 87402April 02, 2001Full Service Brick and Mortar
    2438809East Main Street Branch5900 E. Main Street, Farmington, NM 87402March 01, 2005Full Service Brick and Mortar
    3451183Aztec Branch1301 W. Aztec Blvd., Aztec, NM 87410May 08, 2006Full Service Brick and Mortar

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