The Citizens Bank in Farmington, New Mexico (NM)

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The Citizens Bank
GeneralFDIC Certificate #: 1164
Status: Active
Federal Reserve ID: 961259
Bank Holding Company (Regulatory Top Holder): Employee Stock Bonus Trust For The Employees (RSSDID: 2749031, Location: Farmington, NM)
Date Established: January 01, 1905
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 6 (Domestic: 6, Interstate: No)
OTS Docket #: 9949
FDIC's unique #: 796
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: Yes
Asset Concentration Hierarchy: Mortgage Lending Specialization
Date of Deposit Insurance: July 01, 1934
Last Structure Change Effective Date: June 13, 2008
Last Structure Change Process Date: June 17, 2008
Last Data Update: June 17, 2008
Data Source Date: April 05, 2012
LocationAddress: 500 West Broadway, Farmington, NM 87401
County: San Juan
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): Farmington, NM (#22140)
CBSA Metro Statistical Area: Farmington, NM (#22140)
Financial SummaryTotal assets: $645.1 mil
Equity capital: $64.2 mil
Deposits held in domestic offices: $516.7 mil
Return on assets (ROA): 1.67% ($10.8 mil)
Quarterly return on assets: 1.84% ($11.9 mil)
Return on Equity (ROE): 17.45% ($11.2 mil)
Quarterly return on equity: 18.51% ($11.8 mil)
Net income: $10.2 mil
Quarterly Net income: $2.9 mil
Pretax return on assets: 1.67% ($10,772.6 mil)
Quarterly Pretax return on assets: 1.84% ($11,869.2 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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)
Total employees (full-time equivalent)132
Total assets$645,065
Cash and due from depository institutions$19,680
Interest-bearing balances$7,677
Federal funds sold & reverse repurchase agreements$5,500
Net loans & leases$194,021
Loan loss allowance $3,195
Trading account assets$0
Bank premises and fixed assets$5,472
Other real estate owned$926
Goodwill and other intangibles$0
All other assets$27,100
Life insurance assets$645,065
Total liabilities and capital$580,913
Total liabilities$516,674
Total deposits$386,596
Interest-bearing deposits$516,674
Deposits held in domestic offices$88
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$63,100
Other borrowed funds $0
Subordinated debt $1,139
All other liabilities $64,152
Total equity capital$64,152
Total bank equity capital$64,152
Perpetual preferred stock$0
Common stock$500
Undivided profits $48,506
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $571
Income earned, not collected on loans $1,976
Earning assets $0
Long-term assets (5+ years) $2,796
Average Assets, year-to-date $599,564
Average Assets, quarterly $290,355
Volatile liabilities $612,354
Insider loans $638,376
FHLB advances $285,187
Loans and leases held for sale $631,991
Unused loan commitments $19,450
Tier 1 (core) risk-based capital $475
Tier 2 risk-based capital $55,593
Total risk weighted assets $18,975
Total unused commitments $0
Restructured Loans and leases $45,345
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $24,718
Total interest expense $3,359
Net interest income $21,359
Provision for loan and lease losses $835
Total noninterest income $6,096
Fiduciary activities $0
Service charges on deposit accounts $3,579
Trading account gains & fees $0
Additional noninterest income $2,517
Total noninterest expense $14,256
Salaries and employee benefits $6,504
Premises and equipment expense $2,010
Additional noninterest expense $5,742
Pre-tax net operating income $12,364
Securities gains (losses) -$2,136
Applicable income taxes $0
Income before extraordinary items $10,228
Extraordinary gains - net $0
Net income attributable to bank $10,228
Net charge-offs $0
Cash dividends $10,228
Sale, conversion, retirement of capital stock, net $1,443
Net operating income $5,400
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.36%
Cost of funding earning assets 0.59%
Net interest margin 3.77%
Noninterest income to earning assets 1.08%
Noninterest expense to earning assets 2.52%
Net operating income to assets 2.02%
Return on assets (ROA) 1.67%
Pretax return on assets 1.67%
Return on equity (ROE) 17.45%
Retained earnings to average equity (YTD only) 8.24%
Net charge-offs to loans 0.70%
Credit loss provision to net charge-offs 57.87%
Efficiency ratio9.15%
Assets per employee$51,925
Cash dividends to net income (YTD only)4.89%
Condition Ratios (%)
Loss allowance to loans 52.80%
Loss allowance to noncurrent loans 1.62%
Noncurrent assets plus other real estate owned to assets 161.69%
Noncurrent loans to loans 0.45%
Net loans and leases to deposits1.00%
Net loans and leases to core deposits 37.55%
Equity capital to assets 43.65%
Core capital (leverage) ratio 9.95%
Tier 1 risk-based capital ratio 8.80%
Total risk-based capital ratio 19.49%
Average assets$21
Average earning assets$612,354
Average equity $58,624
Average loans $566,442
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6 New Mexico Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0796The Citizens Bank500 West Broadway, Farmington, NM 87401January 01, 1905Full Service Brick and Mortar
1187972Aztec Branch215 South Main Street, Aztec, NM 87410October 25, 1951Full Service Brick and Mortar
2187973Bloomfield Branch320 West Broadway, Bloomfield, NM 87413December 08, 1958Full Service Brick and Mortar
3187974The San Juan BranchEast 20th Street, Farmington, NM 87401June 25, 1975Full Service Brick and Mortar
6187977Smith's Store Branch20th And Butler, Farmington, NM 87401October 05, 1991Full Service Retail
7187978Animas Valley Branch4220 Hudson, Farmington, NM 87402Febuary 17, 1996Full Service Brick and Mortar
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