Lea County State Bank in Hobbs, New Mexico (NM)
Overview, Financial Summary, Detailed Financial Reports, Branches


Lea County State Bank - Overview

  • General
  • FDIC Certificate #: 12259
    Status: Active
    Federal Reserve ID: 1015252
    Bank Holding Company (Regulatory Top Holder): Lea County Bancshares, Inc. (RSSDID: 2148586, Location: Hobbs, NM)
    Date Established: January 01, 1928
    WWW: http://www.onlinelcsb.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 12563
    FDIC's unique #: 7794
    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: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1017 North Turner, Hobbs, NM 88241
    County: Lea
    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
    Core Based Statistical Area (CBSA): Hobbs, NM (#26020)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $240.1 mil
    Equity capital: $24.4 mil
    Deposits held in domestic offices: $211.8 mil
    Return on assets (ROA): 1.43% ($3.4 mil)
    Quarterly return on assets: 0.42% ($1.0 mil)
    Return on Equity (ROE): 15.67% ($3.8 mil)
    Quarterly return on equity: 4.26% ($1.0 mil)
    Net income: $3.3 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.43% ($3,432.9 mil)
    Quarterly Pretax return on assets: 0.42% ($1,008.3 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
  • 56Total employees (full-time equivalent)
  • $240,066Total assets
  • $8,657Cash and due from depository institutions
  • $2,855Interest-bearing balances
  • $191,040Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $29,655Net loans & leases
  • $359Loan loss allowance
  • $0Trading account assets
  • $3,576Bank premises and fixed assets
  • $35Other real estate owned
  • $285Goodwill and other intangibles
  • $240,066Life insurance assets
  • $6,818All other assets
  • $215,667Total liabilities and capital
  • $211,790Total liabilities
  • $133,238Total deposits
  • $211,790Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 2911.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $966Subordinated debt
  • $24,399All other liabilities
  • $24,399Total equity capital
  • $24,399Total bank equity capital
  • $0Perpetual preferred stock
  • $2,431Common stock
  • $2,569Surplus
  • $19,399Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $878Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $530Income earned, not collected on loans
  • $306Earning assets
  • $1,599Long-term assets (5+ years)
  • $223,550Average Assets, year-to-date
  • $86,453Average Assets, quarterly
  • $230,087Volatile liabilities
  • $239,450Insider loans
  • $91,830FHLB advances
  • $235,078Loans and leases held for sale
  • $3,262Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $20,185Tier 2 risk-based capital
  • $3,262Total risk weighted assets
  • $0Total unused commitments
  • $8,731Restructured Loans and leases
  • $4,865Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,901Total interest income
  • $677Total interest expense
  • $6,224Net interest income
  • -$212Provision for loan and lease losses
  • $1,542Total noninterest income
  • $0Fiduciary activities
  • $374Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,168Additional noninterest income
  • $6,162Total noninterest expense
  • $2,933Salaries and employee benefits
  • $810Premises and equipment expense
  • $2,419Additional noninterest expense
  • $1,816Pre-tax net operating income
  • $1,480Securities gains (losses)
  • $0Applicable income taxes
  • $3,296Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,296Net income attributable to bank
  • $0Net charge-offs
  • $3,296Cash dividends
  • -$234Sale, conversion, retirement of capital stock, net
  • $720Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.23%Yield on earning assets
  • 0.32%Cost of funding earning assets
  • 2.92%Net interest margin
  • 0.72%Noninterest income to earning assets
  • 2.89%Noninterest expense to earning assets
  • 0.79%Net operating income to assets
  • 1.43%Return on assets (ROA)
  • 1.43%Pretax return on assets
  • 15.67%Return on equity (ROE)
  • 12.25%Retained earnings to average equity (YTD only)
  • -0.75%Net charge-offs to loans
  • 90.60%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 79,346Assets per employee
  • 4.29%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 21.84%Loss allowance to loans
  • 1.20%Loss allowance to noncurrent loans
  • 67.74%Noncurrent assets plus other real estate owned to assets
  • 0.24%Noncurrent loans to loans
  • 1.77%Net loans and leases to deposits
  • 14.00%Net loans and leases to core deposits
  • 15.10%Equity capital to assets
  • 10.16%Core capital (leverage) ratio
  • 8.59%Tier 1 risk-based capital ratio
  • 21.98%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $230,087Average earning assets
  • $21,030Average equity
  • $213,463Average loans

List of branches

  • 3 New Mexico Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07794Lea County State Bank1017 North Turner, Hobbs, NM 88241January 01, 1928Full Service Brick and Mortar
    5226777Lovington Branch320 S. Main, Lovington, NM 88260Febuary 01, 1935Full Service Brick and Mortar
    8226780North Grimes Branch3927 North Grimes, Hobbs, NM 88240Febuary 22, 1993Limited Service Facility

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