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

This bank is inactive as of August 15, 1997

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

  • General
  • FDIC Certificate #: 22709
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: SUNWEST Bank of Albuquerque, National Association (#2234)
    Federal Reserve ID: 831558
    Date Established: September 05, 1978
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Interstate: No)
    FDIC's unique #: 15851
    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: September 05, 1978
    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: 325 East Bender, Hobbs, NM 88240
    County: Lea
    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): Hobbs, NM (#26020)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $88.2 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)
  • $37Total assets
  • $78,119Cash and due from depository institutions
  • $3,864Interest-bearing balances
  • $0Securities
  • $37,526Federal funds sold & reverse repurchase agreements
  • $7,045Net loans & leases
  • $26,875Loan loss allowance
  • $837Trading account assets
  • $0Bank premises and fixed assets
  • $1,840Other real estate owned
  • $0Goodwill and other intangibles
  • $969Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $78,119Total liabilities
  • $71,611Total deposits
  • $70,721Interest-bearing deposits
  • $58,846Deposits held in domestic offices
  • 70721.00%% insured (estimated)
  • $98Federal funds purchased & repurchase agreements
  • $479Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $411Total equity capital
  • $411Total bank equity capital
  • $6,508Perpetual preferred stock
  • $0Common stock
  • $2,000Surplus
  • $2,000Undivided profits
  • Memoranda
  • $2,508Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $172Income earned, not collected on loans
  • $193Earning assets
  • $71,446Long-term assets (5+ years)
  • $21,172Average Assets, year-to-date
  • $78,573Average Assets, quarterly
  • $78,732Volatile liabilities
  • $5,343Insider loans
  • $961FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $2,101Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $6,562Total risk weighted assets
  • $33,208Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $5,556Total interest expense
  • $2,456Net interest income
  • $3,100Provision for loan and lease losses
  • $0Total noninterest income
  • $931Fiduciary activities
  • $0Service charges on deposit accounts
  • $798Trading account gains & fees
  • $0Additional noninterest income
  • $133Total noninterest expense
  • $2,296Salaries and employee benefits
  • $1,075Premises and equipment expense
  • $304Additional noninterest expense
  • $917Pre-tax net operating income
  • $1,735Securities gains (losses)
  • $1Applicable income taxes
  • $625Income before extraordinary items
  • $1,111Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,111Net charge-offs
  • $50Cash dividends
  • $940Sale, 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
  • 7.66%Cost of funding earning assets
  • 3.39%Net interest margin
  • 4.27%Noninterest income to earning assets
  • 1.28%Noninterest expense to earning assets
  • 3.17%Net operating income to assets
  • 1.41%Return on assets (ROA)
  • 1.41%Pretax return on assets
  • 2.21%Return on equity (ROE)
  • 17.46%Retained earnings to average equity (YTD only)
  • 2.69%Net charge-offs to loans
  • 0.17%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 56,959Assets per employee
  • 2.11%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 84.61%Loss allowance to loans
  • 3.02%Loss allowance to noncurrent loans
  • 486.63%Noncurrent assets plus other real estate owned to assets
  • 0.22%Noncurrent loans to loans
  • 0.62%Net loans and leases to deposits
  • 38.00%Net loans and leases to core deposits
  • 40.81%Equity capital to assets
  • 8.33%Core capital (leverage) ratio
  • 8.27%Tier 1 risk-based capital ratio
  • 19.76%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $78,573Average earning assets
  • $6,362Average equity
  • $72,527Average loans

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