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)
  • Show street view No street view available for this location

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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