The Bank of Clovis in Clovis, New Mexico (NM)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Bank of Clovis - Overview

  • General
  • FDIC Certificate #: 57022
    Status: Active
    Federal Reserve ID: 2948423
    Bank Holding Company (Regulatory Top Holder): Clovis Bancshares, Inc. (RSSDID: 3324387, Location: Clovis, NM)
    Date Established: October 16, 2000
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 294967
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: October 16, 2000
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 300 Main Street, Clovis, NM 88101
    County: Curry
    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
    Combined Statistical Area (CSA): Clovis-Portales, NM (#188)
    Core Based Statistical Area (CBSA): Clovis, NM (#17580)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $165.9 mil
    Equity capital: $20.2 mil
    Deposits held in domestic offices: $142.3 mil
    Return on assets (ROA): 0.75% ($1.2 mil)
    Quarterly return on assets: 0.70% ($1.2 mil)
    Return on Equity (ROE): 7.02% ($1.4 mil)
    Quarterly return on equity: 5.81% ($1.2 mil)
    Net income: $1.2 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.04% ($1,724.9 mil)
    Quarterly Pretax return on assets: 1.14% ($1,890.8 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 28Total employees (full-time equivalent)
  • $165,860Total assets
  • $17,672Cash and due from depository institutions
  • $12,072Interest-bearing balances
  • $72,742Securities
  • $150Federal funds sold & reverse repurchase agreements
  • $71,614Net loans & leases
  • $1,462Loan loss allowance
  • $0Trading account assets
  • $2,168Bank premises and fixed assets
  • $84Other real estate owned
  • $0Goodwill and other intangibles
  • $165,860Life insurance assets
  • $1,430All other assets
  • $145,656Total liabilities and capital
  • $142,289Total liabilities
  • $112,717Total deposits
  • $142,289Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 3195.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $172Subordinated debt
  • $20,204All other liabilities
  • $20,204Total equity capital
  • $20,204Total bank equity capital
  • $0Perpetual preferred stock
  • $3,569Common stock
  • $8,775Surplus
  • $7,860Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $926Income earned, not collected on loans
  • $0Earning assets
  • $893Long-term assets (5+ years)
  • $156,578Average Assets, year-to-date
  • $51,361Average Assets, quarterly
  • $156,227Volatile liabilities
  • $165,230Insider loans
  • $69,028FHLB advances
  • $167,165Loans and leases held for sale
  • $183Unused loan commitments
  • $55Tier 1 (core) risk-based capital
  • $19,140Tier 2 risk-based capital
  • $128Total risk weighted assets
  • $0Total unused commitments
  • $14,721Restructured Loans and leases
  • $274Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,667Total interest income
  • $1,705Total interest expense
  • $4,962Net interest income
  • $150Provision for loan and lease losses
  • $495Total noninterest income
  • $11Fiduciary activities
  • $247Service charges on deposit accounts
  • $0Trading account gains & fees
  • $237Additional noninterest income
  • $3,683Total noninterest expense
  • $1,992Salaries and employee benefits
  • $261Premises and equipment expense
  • $1,430Additional noninterest expense
  • $1,624Pre-tax net operating income
  • $0Securities gains (losses)
  • $445Applicable income taxes
  • $1,179Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,179Net income attributable to bank
  • $0Net charge-offs
  • $1,179Cash dividends
  • $95Sale, conversion, retirement of capital stock, net
  • $500Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.51%Yield on earning assets
  • 1.15%Cost of funding earning assets
  • 3.36%Net interest margin
  • 0.34%Noninterest income to earning assets
  • 2.49%Noninterest expense to earning assets
  • 0.75%Net operating income to assets
  • 0.75%Return on assets (ROA)
  • 1.04%Pretax return on assets
  • 7.02%Return on equity (ROE)
  • 4.04%Retained earnings to average equity (YTD only)
  • 0.13%Net charge-offs to loans
  • 157.89%Credit loss provision to net charge-offs
  • 18.67%Efficiency ratio
  • 67,491Assets per employee
  • 5.92%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 42.41%Loss allowance to loans
  • 2.00%Loss allowance to noncurrent loans
  • 157.88%Noncurrent assets plus other real estate owned to assets
  • 0.61%Noncurrent loans to loans
  • 1.27%Net loans and leases to deposits
  • 50.33%Net loans and leases to core deposits
  • 59.69%Equity capital to assets
  • 12.18%Core capital (leverage) ratio
  • 11.45%Tier 1 risk-based capital ratio
  • 27.73%Total risk-based capital ratio
  • Memoranda
  • $29Average assets
  • $156,227Average earning assets
  • $16,800Average equity
  • $147,747Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $6,868Managed Assets
  • 1Number of Accounts
  • $6,868Personal trust and agency accounts
  • $1,368Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $5,500Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 56Number of Accounts
  • $0Personal trust and agency accounts
  • $5,500Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 2 New Mexico Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0294967The Bank Of Clovis300 Main Street, Clovis, NM 88101October 16, 2000Full Service Brick and Mortar
    1431726North Prince Street Branch2211 North Prince Street, Clovis, NM 88101July 16, 2004Full Service Brick and Mortar

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