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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