SUNWEST Bank of Sandoval County, National Association in Rio Rancho, New Mexico (NM)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 1994

  • SUNWEST Bank of Sandoval County, National Association in Rio Rancho, New Mexico (NM)
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SUNWEST Bank of Sandoval County, National Association - Overview

  • General
  • FDIC Certificate #: 25810
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: SUNWEST Bank of Albuquerque, National Association (#2234)
    Federal Reserve ID: 211655
    Date Established: November 19, 1984
    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 #: 32040
    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: November 19, 1984
    Last Structure Change Effective Date: January 01, 1994
    Last Structure Change Process Date: January 06, 1994
    Last Data Update: January 06, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 3101 Southern Boulevard, S.E., Rio Rancho, NM 87124
    County: Sandoval
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Albuquerque
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Albuquerque, NM (#200)
    Core Based Statistical Area (CBSA): Albuquerque, NM (#10740)
    CBSA Metro Statistical Area: Albuquerque, NM (#10740)
  • Financial Summary
  • Total assets: $62.2 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $33Total assets
  • $62,190Cash and due from depository institutions
  • $7,560Interest-bearing balances
  • $0Securities
  • $26,280Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $26,052Loan loss allowance
  • $478Trading account assets
  • $0Bank premises and fixed assets
  • $1,868Other real estate owned
  • $0Goodwill and other intangibles
  • $430Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $62,190Total liabilities
  • $57,267Total deposits
  • $56,878Interest-bearing deposits
  • $47,850Deposits held in domestic offices
  • 56878.00%% insured (estimated)
  • $95Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $389Total equity capital
  • $389Total bank equity capital
  • $4,923Perpetual preferred stock
  • $0Common stock
  • $1,250Surplus
  • $1,250Undivided profits
  • Memoranda
  • $2,423Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $232Income earned, not collected on loans
  • $194Earning assets
  • $52,332Long-term assets (5+ years)
  • $18,762Average Assets, year-to-date
  • $61,543Average Assets, quarterly
  • $63,024Volatile liabilities
  • $3,134Insider loans
  • $74FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $3,194Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $4,860Total risk weighted assets
  • $29,403Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $4,237Total interest expense
  • $1,642Net interest income
  • $2,595Provision for loan and lease losses
  • $135Total noninterest income
  • $572Fiduciary activities
  • $0Service charges on deposit accounts
  • $361Trading account gains & fees
  • $0Additional noninterest income
  • $211Total noninterest expense
  • $1,861Salaries and employee benefits
  • $884Premises and equipment expense
  • $192Additional noninterest expense
  • $785Pre-tax net operating income
  • $1,171Securities gains (losses)
  • $0Applicable income taxes
  • $430Income before extraordinary items
  • $741Extraordinary gains - net
  • $0Net income attributable to bank
  • $741Net charge-offs
  • $143Cash dividends
  • $285Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.77%Cost of funding earning assets
  • 3.01%Net interest margin
  • 4.76%Noninterest income to earning assets
  • 1.05%Noninterest expense to earning assets
  • 3.41%Net operating income to assets
  • 1.20%Return on assets (ROA)
  • 1.20%Pretax return on assets
  • 1.90%Return on equity (ROE)
  • 16.06%Retained earnings to average equity (YTD only)
  • 9.89%Net charge-offs to loans
  • 0.54%Credit loss provision to net charge-offs
  • 94.41%Efficiency ratio
  • 58,762Assets per employee
  • 1.88%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 38.46%Loss allowance to loans
  • 1.80%Loss allowance to noncurrent loans
  • 206.03%Noncurrent assets plus other real estate owned to assets
  • 0.37%Noncurrent loans to loans
  • 0.87%Net loans and leases to deposits
  • 45.80%Net loans and leases to core deposits
  • 48.47%Equity capital to assets
  • 7.92%Core capital (leverage) ratio
  • 7.79%Tier 1 risk-based capital ratio
  • 16.53%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $61,543Average earning assets
  • $4,613Average equity
  • $54,550Average loans

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