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

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

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with High Desert 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