SUNWEST Bank of Clovis, National Association in Clovis, New Mexico (NM)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 15, 1997

  • SUNWEST Bank of Clovis, National Association in Clovis, New Mexico (NM)
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SUNWEST Bank of Clovis, National Association - Overview

  • General
  • FDIC Certificate #: 2243
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: SUNWEST Bank of Albuquerque, National Association (#2234)
    Federal Reserve ID: 639259
    Date Established: June 27, 1907
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 5 (Interstate: No)
    FDIC's unique #: 1492
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: August 15, 1997
    Last Structure Change Process Date: September 02, 1997
    Last Data Update: September 02, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 223 Main Street, Clovis, NM 88101
    County: Curry
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Albuquerque
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
    Combined Statistical Area (CSA): Clovis-Portales, NM (#188)
    Core Based Statistical Area (CBSA): Clovis, NM (#17580)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $189.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $92Total assets
  • $175,809Cash and due from depository institutions
  • $7,811Interest-bearing balances
  • $0Securities
  • $81,424Federal funds sold & reverse repurchase agreements
  • $5,965Net loans & leases
  • $75,560Loan loss allowance
  • $2,296Trading account assets
  • $0Bank premises and fixed assets
  • $2,400Other real estate owned
  • $70Goodwill and other intangibles
  • $2,579Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $175,809Total liabilities
  • $162,304Total deposits
  • $150,701Interest-bearing deposits
  • $124,404Deposits held in domestic offices
  • 150701.00%% insured (estimated)
  • $88Federal funds purchased & repurchase agreements
  • $10,434Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $1,169Total equity capital
  • $1,169Total bank equity capital
  • $13,505Perpetual preferred stock
  • $0Common stock
  • $2,500Surplus
  • $2,500Undivided profits
  • Memoranda
  • $8,505Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $570Income earned, not collected on loans
  • $887Earning assets
  • $162,949Long-term assets (5+ years)
  • $70,329Average Assets, year-to-date
  • $171,311Average Assets, quarterly
  • $175,401Volatile liabilities
  • $27,242Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $7,903Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $13,454Total risk weighted assets
  • $88,114Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $13,487Total interest expense
  • $5,699Net interest income
  • $7,788Provision for loan and lease losses
  • -$180Total noninterest income
  • $1,814Fiduciary activities
  • $0Service charges on deposit accounts
  • $1,151Trading account gains & fees
  • $0Additional noninterest income
  • $663Total noninterest expense
  • $5,126Salaries and employee benefits
  • $2,659Premises and equipment expense
  • $561Additional noninterest expense
  • $1,906Pre-tax net operating income
  • $4,656Securities gains (losses)
  • $0Applicable income taxes
  • $1,749Income before extraordinary items
  • $2,907Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,907Net charge-offs
  • $200Cash dividends
  • $2,150Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.51%Cost of funding earning assets
  • 3.59%Net interest margin
  • 4.91%Noninterest income to earning assets
  • 1.14%Noninterest expense to earning assets
  • 3.23%Net operating income to assets
  • 1.70%Return on assets (ROA)
  • 1.70%Pretax return on assets
  • 2.72%Return on equity (ROE)
  • 22.34%Retained earnings to average equity (YTD only)
  • 5.82%Net charge-offs to loans
  • 0.26%Credit loss provision to net charge-offs
  • -90.00%Efficiency ratio
  • 53,385Assets per employee
  • 1.91%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 73.96%Loss allowance to loans
  • 2.95%Loss allowance to noncurrent loans
  • 402.81%Noncurrent assets plus other real estate owned to assets
  • 0.36%Noncurrent loans to loans
  • 0.73%Net loans and leases to deposits
  • 50.14%Net loans and leases to core deposits
  • 56.43%Equity capital to assets
  • 7.68%Core capital (leverage) ratio
  • 7.62%Tier 1 risk-based capital ratio
  • 15.27%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $171,311Average earning assets
  • $13,011Average equity
  • $158,574Average loans

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