FDIC Certificate #: 32465 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Bank of America, National Association (#15802) Federal Reserve ID: 41076 Date Established: March 31, 1986 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) OTS Docket #: 8292 FDIC's unique #: 45299 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Savings Association Insurance Fund (SAIF) Insured commercial Banks: Yes FDIC Insured: Yes SAIF Insured: Yes State Chartered: No Date of Deposit Insurance: March 31, 1986 Last Structure Change Effective Date: January 15, 1998 Last Structure Change Process Date: Febuary 04, 1998 Last Data Update: Febuary 04, 1998 Data Source Date: April 05, 2012
Location
Address: 5290 Mcnutt Road, Suite 106, Santa Teresa, NM 88008 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: $113.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
47Total employees (full-time equivalent)
$113,859Total assets
$3,309Cash and due from depository institutions
$1,307Interest-bearing balances
$25,160Securities
$32,394Federal funds sold & reverse repurchase agreements
$42,170Net loans & leases
$1,370Loan loss allowance
$0Trading account assets
$1,332Bank premises and fixed assets
$412Other real estate owned
$6,809Goodwill and other intangibles
$0Life insurance assets
$2,273All other assets
$113,859Total liabilities and capital
$94,597Total liabilities
$93,836Total deposits
$87,365Interest-bearing deposits
$93,836Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$761All other liabilities
$19,262Total equity capital
$19,262Total bank equity capital
$19,262Perpetual preferred stock
$0Common stock
$400Surplus
$16,100Undivided profits
Memoranda
$2,762Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$3,253Earning assets
$76Long-term assets (5+ years)
$395Average Assets, year-to-date
$101,031Average Assets, quarterly
$12,602Volatile liabilities
$116,563Insider loans
$114,462FHLB advances
$17,141Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$696Total unused commitments
$0Restructured Loans and leases
$57,104Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$7,762Total interest income
$4,258Total interest expense
$3,504Net interest income
-$966Provision for loan and lease losses
$884Total noninterest income
$0Fiduciary activities
$255Service charges on deposit accounts
$0Trading account gains & fees
$629Additional noninterest income
$2,886Total noninterest expense
$1,421Salaries and employee benefits
$562Premises and equipment expense
$903Additional noninterest expense
$2,468Pre-tax net operating income
$0Securities gains (losses)
$856Applicable income taxes
$1,612Income before extraordinary items
$0Extraordinary gains - net
$1,612Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$741Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.54%Yield on earning assets
4.13%Cost of funding earning assets
3.40%Net interest margin
0.86%Noninterest income to earning assets
2.80%Noninterest expense to earning assets
1.38%Net operating income to assets
1.38%Return on assets (ROA)
2.12%Pretax return on assets
8.84%Return on equity (ROE)
8.84%Retained earnings to average equity (YTD only)
-1.42%Net charge-offs to loans
130.36%Credit loss provision to net charge-offs
0.00%Efficiency ratio
59,116Assets per employee
2.42%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.15%Loss allowance to noncurrent loans
42.11%Noncurrent assets plus other real estate owned to assets
3.22%Noncurrent loans to loans
7.47%Net loans and leases to deposits
44.94%Net loans and leases to core deposits
54.98%Equity capital to assets
16.92%Core capital (leverage) ratio
11.42%Tier 1 risk-based capital ratio
21.50%Total risk-based capital ratio
Memoranda
$23Average assets
$116,563Average earning assets
$18,238Average equity
$102,995Average loans
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