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

This bank is inactive as of August 15, 1997

SUNWEST Bank of Las Cruces, National Association in Las Cruces, New Mexico (NM)
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SUNWEST Bank of Las Cruces, National Association - Overview

General
FDIC Certificate #: 22315
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: SUNWEST Bank of Albuquerque, National Association (#2234)
Federal Reserve ID: 226154
Date Established: August 09, 1976
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 #: 15524
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: August 09, 1976
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: 250 West Amador, Las Cruces, NM 88001
County: Dona Ana
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
Metropolitan Statistical Area (MSA): Las Cruces, NM (#4100)
Core Based Statistical Area (CBSA): Las Cruces, NM (#29740)
CBSA Metro Statistical Area: Las Cruces, NM (#29740)
Financial Summary
Total assets: $100.4 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)
$51Total assets
$92,411Cash and due from depository institutions
$5,387Interest-bearing balances
$0Securities
$43,379Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$40,890Loan loss allowance
$836Trading account assets
$0Bank premises and fixed assets
$1,576Other real estate owned
$25Goodwill and other intangibles
$1,154Life insurance assets
$0All other assets
$0Total liabilities and capital
$92,411Total liabilities
$84,810Total deposits
$79,684Interest-bearing deposits
$64,591Deposits held in domestic offices
79684.00%% insured (estimated)
$91Federal funds purchased & repurchase agreements
$4,651Trading liabilities
$0Other borrowed funds
$10Subordinated debt
$0All other liabilities
$465Total equity capital
$465Total bank equity capital
$7,601Perpetual preferred stock
$0Common stock
$2,000Surplus
$2,000Undivided profits
Memoranda
$3,601Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$666Income earned, not collected on loans
$250Earning assets
$84,269Long-term assets (5+ years)
$35,506Average Assets, year-to-date
$97,955Average Assets, quarterly
$93,262Volatile liabilities
$11,723Insider loans
$1,391FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$5,138Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$7,719Total risk weighted assets
$44,375Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$7,208Total interest expense
$3,031Net interest income
$4,177Provision for loan and lease losses
-$230Total noninterest income
$844Fiduciary activities
$0Service charges on deposit accounts
$625Trading account gains & fees
$0Additional noninterest income
$219Total noninterest expense
$2,828Salaries and employee benefits
$1,345Premises and equipment expense
$367Additional noninterest expense
$1,116Pre-tax net operating income
$2,423Securities gains (losses)
$0Applicable income taxes
$889Income before extraordinary items
$1,534Extraordinary gains - net
$0Net income attributable to bank
$1,534Net charge-offs
$45Cash dividends
$1,190Sale, 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
8.00%Cost of funding earning assets
3.37%Net interest margin
4.64%Noninterest income to earning assets
0.94%Noninterest expense to earning assets
3.14%Net operating income to assets
1.57%Return on assets (ROA)
1.57%Pretax return on assets
2.47%Return on equity (ROE)
20.64%Retained earnings to average equity (YTD only)
4.63%Net charge-offs to loans
0.10%Credit loss provision to net charge-offs
-511.11%Efficiency ratio
56,323Assets per employee
1.81%Cash dividends to net income (YTD only)
Condition Ratios (%)
77.57%Loss allowance to loans
2.00%Loss allowance to noncurrent loans
125.53%Noncurrent assets plus other real estate owned to assets
0.75%Noncurrent loans to loans
1.60%Net loans and leases to deposits
51.32%Net loans and leases to core deposits
56.31%Equity capital to assets
8.23%Core capital (leverage) ratio
8.31%Tier 1 risk-based capital ratio
17.40%Total risk-based capital ratio
Memoranda
$19Average assets
$97,955Average earning assets
$7,434Average equity
$90,053Average loans

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