Sun World Federal Savings Bank in Alamogordo, New Mexico (NM)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 31, 1995

Sun World Federal Savings Bank in Alamogordo, New Mexico (NM)
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Sun World Federal Savings Bank - Overview

General
FDIC Certificate #: 31757
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Savings Bank (#32629)
Federal Reserve ID: 40976
Date Established: January 01, 1974
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 7428
FDIC's unique #: 44591
Numeric code: 33
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
State Chartered: No
Date of Deposit Insurance: Febuary 24, 1975
Last Structure Change Effective Date: December 31, 1995
Last Structure Change Process Date: January 31, 1996
Last Data Update: January 31, 1996
Data Source Date: April 05, 2012
Location
Address: Eighth & New York, Alamogordo, NM 88311
County: Otero
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
Core Based Statistical Area (CBSA): Alamogordo, NM (#10460)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $30.5 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$14Total assets
$26,709Cash and due from depository institutions
$197Interest-bearing balances
$119Securities
$6,507Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$18,608Loan loss allowance
$176Trading account assets
$0Bank premises and fixed assets
$595Other real estate owned
$48Goodwill and other intangibles
$637Life insurance assets
$117All other assets
$0Total liabilities and capital
$26,709Total liabilities
$24,924Total deposits
$21,025Interest-bearing deposits
$20,456Deposits held in domestic offices
21025.00%% insured (estimated)
$98Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$3,800Subordinated debt
$0All other liabilities
$99Total equity capital
$99Total bank equity capital
$1,785Perpetual preferred stock
$0Common stock
$600Surplus
$1,858Undivided profits
Memoranda
$-673Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$54Income earned, not collected on loans
$120Earning assets
$25,234Long-term assets (5+ years)
$0Average Assets, year-to-date
$25,747Average Assets, quarterly
$25,903Volatile liabilities
$5,914Insider loans
$131FHLB advances
$3,800Loans and leases held for sale
$0Unused loan commitments
$279Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,852Total risk weighted assets
$14,071Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$1,839Total interest expense
$909Net interest income
$930Provision for loan and lease losses
$0Total noninterest income
$90Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$90Total noninterest expense
$924Salaries and employee benefits
$483Premises and equipment expense
$251Additional noninterest expense
$190Pre-tax net operating income
$96Securities gains (losses)
$119Applicable income taxes
$76Income before extraordinary items
$139Extraordinary gains - net
$0Net income attributable to bank
$139Net charge-offs
$11Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.57%Cost of funding earning assets
3.74%Net interest margin
3.83%Noninterest income to earning assets
0.37%Noninterest expense to earning assets
3.81%Net operating income to assets
0.24%Return on assets (ROA)
0.54%Pretax return on assets
0.84%Return on equity (ROE)
7.55%Retained earnings to average equity (YTD only)
7.55%Net charge-offs to loans
0.06%Credit loss provision to net charge-offs
0.00%Efficiency ratio
88,627Assets per employee
1.91%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.94%Loss allowance to noncurrent loans
325.93%Noncurrent assets plus other real estate owned to assets
0.38%Noncurrent loans to loans
0.29%Net loans and leases to deposits
88.50%Net loans and leases to core deposits
98.40%Equity capital to assets
6.68%Core capital (leverage) ratio
6.92%Tier 1 risk-based capital ratio
13.16%Total risk-based capital ratio
Memoranda
$14Average assets
$25,747Average earning assets
$1,840Average equity
$24,280Average loans

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