High Desert State Bank in Albuquerque, New Mexico (NM)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 25, 2010

High Desert State Bank in Albuquerque, New Mexico (NM)
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High Desert State Bank - Overview

General
FDIC Certificate #: 35279
Status: Inactive
Closing history: Absorption - Assisted
Acquiring institution: First American Bank (#2240)
Federal Reserve ID: 2799803
Date Established: August 16, 1999
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 77668
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: August 16, 1999
Last Structure Change Effective Date: June 25, 2010
Last Structure Change Process Date: June 26, 2010
Last Data Update: June 26, 2010
Data Source Date: April 05, 2012
Location
Address: 8110 Ventura St., Ne, Albuquerque, NM 87122
County: Bernalillo
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
Metropolitan Statistical Area (MSA): Albuquerque, NM (#200)
Core Based Statistical Area (CBSA): Albuquerque, NM (#10740)
CBSA Metro Statistical Area: Albuquerque, NM (#10740)
Financial Summary
Total assets: $80.3 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, 2009)

Dollar figures in thousands
17Total employees (full-time equivalent)
$82,455Total assets
$4,556Cash and due from depository institutions
$3,895Interest-bearing balances
$0Securities
$2,815Federal funds sold & reverse repurchase agreements
$59,636Net loans & leases
$3,458Loan loss allowance
$0Trading account assets
$3,007Bank premises and fixed assets
$9,414Other real estate owned
$0Goodwill and other intangibles
$1,077Life insurance assets
$3,027All other assets
$82,455Total liabilities and capital
$79,544Total liabilities
$79,445Total deposits
$75,274Interest-bearing deposits
$79,445Deposits held in domestic offices
96.48%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$99All other liabilities
$2,911Total equity capital
$2,911Total bank equity capital
$2,911Perpetual preferred stock
$0Common stock
$20Surplus
$8,950Undivided profits
Memoranda
$-6,059Noncurrent loans and leases
$9,052Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$18,510Earning assets
$0Long-term assets (5+ years)
$162Average Assets, year-to-date
$66,346Average Assets, quarterly
$3,192Volatile liabilities
$90,538Insider loans
$84,592FHLB advances
$32,649Loans and leases held for sale
$2,344Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$9,052Total unused commitments
$0Restructured Loans and leases
$894Derivatives

Income and Expense (December 31, 2009)

Dollar figures in thousands
$3,544Total interest income
$2,552Total interest expense
$992Net interest income
$3,150Provision for loan and lease losses
-$917Total noninterest income
$0Fiduciary activities
$15Service charges on deposit accounts
$0Trading account gains & fees
-$932Additional noninterest income
$4,359Total noninterest expense
$1,380Salaries and employee benefits
$307Premises and equipment expense
$2,672Additional noninterest expense
-$7,434Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$7,434Income before extraordinary items
$0Extraordinary gains - net
-$7,434Net income attributable to bank
$0Net charge-offs
-$7,434Cash dividends
$792Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2009)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.79%Yield on earning assets
3.45%Cost of funding earning assets
1.34%Net interest margin
-1.24%Noninterest income to earning assets
5.89%Noninterest expense to earning assets
-8.21%Net operating income to assets
-8.21%Return on assets (ROA)
-8.21%Pretax return on assets
-108.88%Return on equity (ROE)
-108.88%Retained earnings to average equity (YTD only)
1.19%Net charge-offs to loans
397.73%Credit loss provision to net charge-offs
-5.41%Efficiency ratio
5,812,000Assets per employee
4.85%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
5.48%Loss allowance to noncurrent loans
18.68%Noncurrent assets plus other real estate owned to assets
33.87%Noncurrent loans to loans
29.34%Net loans and leases to deposits
75.07%Net loans and leases to core deposits
127.44%Equity capital to assets
3.53%Core capital (leverage) ratio
3.47%Tier 1 risk-based capital ratio
4.22%Total risk-based capital ratio
Memoranda
$6Average assets
$90,538Average earning assets
$6,827Average equity
$73,949Average loans

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