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


  • Grants State Bank in Grants, New Mexico (NM)
  • Show street view No street view available for this location

Grants State Bank - Overview

  • General
  • FDIC Certificate #: 16590
    Status: Active
    Federal Reserve ID: 763752
    Bank Holding Company (Regulatory Top Holder): First Bancorp. Of Durango, Inc. (RSSDID: 1838590, Location: Inverness, IL)
    Date Established: June 16, 1947
    WWW: http://www.grantsbank.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 #: 10735
    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: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: June 16, 1947
    Last Structure Change Effective Date: June 13, 2008
    Last Structure Change Process Date: June 17, 2008
    Last Data Update: June 17, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 824 West Santa Fe Avenue, Grants, NM 87020
    County: Cibola
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Albuquerque
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Grants, NM (#24380)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $123.3 mil
    Equity capital: $14.7 mil
    Deposits held in domestic offices: $108.1 mil
    Return on assets (ROA): 1.20% ($1.5 mil)
    Quarterly return on assets: 0.98% ($1.2 mil)
    Return on Equity (ROE): 10.38% ($1.6 mil)
    Quarterly return on equity: 8.10% ($1.2 mil)
    Net income: $1.4 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.20% ($1,480.0 mil)
    Quarterly Pretax return on assets: 0.98% ($1,208.7 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)
  • $123,332Total assets
  • $10,266Cash and due from depository institutions
  • $8,176Interest-bearing balances
  • $85,534Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $20,221Net loans & leases
  • $1,270Loan loss allowance
  • $0Trading account assets
  • $2,937Bank premises and fixed assets
  • $42Other real estate owned
  • $2,660Goodwill and other intangibles
  • $123,332Life insurance assets
  • $1,672All other assets
  • $108,600Total liabilities and capital
  • $108,072Total liabilities
  • $93,745Total deposits
  • $108,072Interest-bearing deposits
  • $76Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $528Subordinated debt
  • $14,732All other liabilities
  • $14,732Total equity capital
  • $14,732Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $8,592Surplus
  • $5,140Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $481Income earned, not collected on loans
  • $0Earning assets
  • $910Long-term assets (5+ years)
  • $113,931Average Assets, year-to-date
  • $43,775Average Assets, quarterly
  • $118,346Volatile liabilities
  • $121,719Insider loans
  • $58,391FHLB advances
  • $116,710Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $9,737Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $948Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,076Total interest income
  • $613Total interest expense
  • $3,463Net interest income
  • $240Provision for loan and lease losses
  • $1,348Total noninterest income
  • $0Fiduciary activities
  • $868Service charges on deposit accounts
  • $0Trading account gains & fees
  • $480Additional noninterest income
  • $3,146Total noninterest expense
  • $1,451Salaries and employee benefits
  • $404Premises and equipment expense
  • $1,291Additional noninterest expense
  • $1,425Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $1,425Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,425Net income attributable to bank
  • $0Net charge-offs
  • $1,425Cash dividends
  • -$13Sale, conversion, retirement of capital stock, net
  • $1,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.76%Yield on earning assets
  • 0.57%Cost of funding earning assets
  • 3.20%Net interest margin
  • 1.24%Noninterest income to earning assets
  • 2.90%Noninterest expense to earning assets
  • 1.20%Net operating income to assets
  • 1.20%Return on assets (ROA)
  • 1.20%Pretax return on assets
  • 10.38%Return on equity (ROE)
  • 3.10%Retained earnings to average equity (YTD only)
  • -0.06%Net charge-offs to loans
  • -1846.15%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 60,486Assets per employee
  • 3.98%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 70.18%Loss allowance to loans
  • 5.91%Loss allowance to noncurrent loans
  • 264.03%Noncurrent assets plus other real estate owned to assets
  • 0.42%Noncurrent loans to loans
  • 2.24%Net loans and leases to deposits
  • 18.71%Net loans and leases to core deposits
  • 19.14%Equity capital to assets
  • 11.94%Core capital (leverage) ratio
  • 8.34%Tier 1 risk-based capital ratio
  • 16.68%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $118,346Average earning assets
  • $13,724Average equity
  • $108,361Average loans

List of branches

  • 3 New Mexico Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010735Grants State Bank824 West Santa Fe Avenue, Grants, NM 87020June 16, 1947Full Service Brick and Mortar
    1238404Milan Branch609-611 Highway 66, Milan, NM 87021September 11, 1968Full Service Brick and Mortar
    2238405East Roosevelt Branch1015 East Roosevelt Street, Grants, NM 87020June 02, 1981Limited Service Facility

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

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Grants State Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents