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

This bank is inactive as of August 15, 1997

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

General
FDIC Certificate #: 2237
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: SUNWEST Bank of Albuquerque, National Association (#2234)
Federal Reserve ID: 207751
Date Established: April 01, 1892
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 4 (Interstate: No)
FDIC's unique #: 1488
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: 130 Park Avenue, Raton, NM 87740
County: Colfax
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
Financial Summary
Total assets: $93.6 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)
$39Total assets
$87,738Cash and due from depository institutions
$2,782Interest-bearing balances
$0Securities
$32,875Federal funds sold & reverse repurchase agreements
$9,000Net loans & leases
$40,028Loan loss allowance
$1,005Trading account assets
$0Bank premises and fixed assets
$1,954Other real estate owned
$0Goodwill and other intangibles
$1,099Life insurance assets
$0All other assets
$0Total liabilities and capital
$87,738Total liabilities
$80,602Total deposits
$75,096Interest-bearing deposits
$64,397Deposits held in domestic offices
75096.00%% insured (estimated)
$94Federal funds purchased & repurchase agreements
$4,874Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$632Total equity capital
$632Total bank equity capital
$7,136Perpetual preferred stock
$0Common stock
$2,250Surplus
$2,250Undivided profits
Memoranda
$2,636Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$110Income earned, not collected on loans
$395Earning assets
$81,903Long-term assets (5+ years)
$28,808Average Assets, year-to-date
$85,274Average Assets, quarterly
$87,602Volatile liabilities
$11,801Insider loans
$1,187FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$4,507Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$7,022Total risk weighted assets
$39,122Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$6,471Total interest expense
$2,755Net interest income
$3,716Provision for loan and lease losses
-$120Total noninterest income
$661Fiduciary activities
$0Service charges on deposit accounts
$464Trading account gains & fees
$0Additional noninterest income
$197Total noninterest expense
$2,486Salaries and employee benefits
$1,248Premises and equipment expense
$327Additional noninterest expense
$911Pre-tax net operating income
$2,011Securities gains (losses)
$0Applicable income taxes
$726Income before extraordinary items
$1,285Extraordinary gains - net
$0Net income attributable to bank
$1,285Net charge-offs
-$46Cash dividends
$1,200Sale, 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
8.13%Cost of funding earning assets
3.46%Net interest margin
4.67%Noninterest income to earning assets
0.83%Noninterest expense to earning assets
3.12%Net operating income to assets
1.51%Return on assets (ROA)
1.51%Pretax return on assets
2.36%Return on equity (ROE)
18.34%Retained earnings to average equity (YTD only)
1.21%Net charge-offs to loans
-0.11%Credit loss provision to net charge-offs
260.87%Efficiency ratio
56,797Assets per employee
2.25%Cash dividends to net income (YTD only)
Condition Ratios (%)
93.39%Loss allowance to loans
2.45%Loss allowance to noncurrent loans
913.64%Noncurrent assets plus other real estate owned to assets
0.13%Noncurrent loans to loans
0.27%Net loans and leases to deposits
53.30%Net loans and leases to core deposits
58.72%Equity capital to assets
8.13%Core capital (leverage) ratio
8.16%Tier 1 risk-based capital ratio
17.95%Total risk-based capital ratio
Memoranda
$19Average assets
$85,274Average earning assets
$7,005Average equity
$79,572Average loans

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