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

  • Grants State Bank in Grants, New Mexico (NM)
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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
    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

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