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

This bank is inactive as of August 15, 1997

  • SUNWEST Bank of Gallup in Gallup, New Mexico (NM)
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SUNWEST Bank of Gallup - Overview

  • General
  • FDIC Certificate #: 12257
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: SUNWEST Bank of Albuquerque, National Association (#2234)
    Federal Reserve ID: 758253
    Date Established: July 05, 1916
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Interstate: No)
    FDIC's unique #: 7792
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    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: Second And Aztec, Gallup, NM 87301
    County: Mckinley
    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
    Core Based Statistical Area (CBSA): Gallup, NM (#23700)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $172.9 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)
  • $97Total assets
  • $175,987Cash and due from depository institutions
  • $5,698Interest-bearing balances
  • $0Securities
  • $93,106Federal funds sold & reverse repurchase agreements
  • $30,124Net loans & leases
  • $41,667Loan loss allowance
  • $2,125Trading account assets
  • $0Bank premises and fixed assets
  • $3,607Other real estate owned
  • $41Goodwill and other intangibles
  • $1,744Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $175,987Total liabilities
  • $162,096Total deposits
  • $129,771Interest-bearing deposits
  • $104,137Deposits held in domestic offices
  • 129771.00%% insured (estimated)
  • $77Federal funds purchased & repurchase agreements
  • $30,653Trading liabilities
  • $0Other borrowed funds
  • $850Subordinated debt
  • $0All other liabilities
  • $822Total equity capital
  • $822Total bank equity capital
  • $13,891Perpetual preferred stock
  • $0Common stock
  • $2,000Surplus
  • $6,000Undivided profits
  • Memoranda
  • $5,891Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $580Income earned, not collected on loans
  • $255Earning assets
  • $164,897Long-term assets (5+ years)
  • $44,198Average Assets, year-to-date
  • $174,677Average Assets, quarterly
  • $174,687Volatile liabilities
  • $43,973Insider loans
  • $194FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $10,738Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $13,888Total risk weighted assets
  • $66,229Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $11,709Total interest expense
  • $5,131Net interest income
  • $6,578Provision for loan and lease losses
  • -$635Total noninterest income
  • $2,376Fiduciary activities
  • $0Service charges on deposit accounts
  • $1,852Trading account gains & fees
  • $0Additional noninterest income
  • $524Total noninterest expense
  • $5,573Salaries and employee benefits
  • $2,470Premises and equipment expense
  • $812Additional noninterest expense
  • $2,291Pre-tax net operating income
  • $4,016Securities gains (losses)
  • $0Applicable income taxes
  • $1,452Income before extraordinary items
  • $2,564Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,564Net charge-offs
  • -$339Cash dividends
  • $2,190Sale, 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
  • 7.29%Cost of funding earning assets
  • 3.19%Net interest margin
  • 4.10%Noninterest income to earning assets
  • 1.48%Noninterest expense to earning assets
  • 3.47%Net operating income to assets
  • 1.47%Return on assets (ROA)
  • 1.47%Pretax return on assets
  • 2.30%Return on equity (ROE)
  • 18.82%Retained earnings to average equity (YTD only)
  • 2.75%Net charge-offs to loans
  • -0.74%Credit loss provision to net charge-offs
  • 187.32%Efficiency ratio
  • 62,240Assets per employee
  • 1.81%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 85.41%Loss allowance to loans
  • 4.85%Loss allowance to noncurrent loans
  • 366.38%Noncurrent assets plus other real estate owned to assets
  • 0.35%Noncurrent loans to loans
  • 1.32%Net loans and leases to deposits
  • 32.11%Net loans and leases to core deposits
  • 35.52%Equity capital to assets
  • 7.89%Core capital (leverage) ratio
  • 7.88%Tier 1 risk-based capital ratio
  • 20.97%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $174,677Average earning assets
  • $13,621Average equity
  • $160,601Average loans

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