The Citizens Bank in Farmington, New Mexico (NM)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Citizens Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Summary
  • Total 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
  • 132Total employees (full-time equivalent)
  • $645,065Total assets
  • $19,680Cash and due from depository institutions
  • $7,677Interest-bearing balances
  • $392,366Securities
  • $5,500Federal funds sold & reverse repurchase agreements
  • $194,021Net loans & leases
  • $3,195Loan loss allowance
  • $0Trading account assets
  • $5,472Bank premises and fixed assets
  • $926Other real estate owned
  • $0Goodwill and other intangibles
  • $645,065Life insurance assets
  • $27,100All other assets
  • $580,913Total liabilities and capital
  • $516,674Total liabilities
  • $386,596Total deposits
  • $516,674Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $63,100Trading liabilities
  • $0Other borrowed funds
  • $1,139Subordinated debt
  • $64,152All other liabilities
  • $64,152Total equity capital
  • $64,152Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $15,146Surplus
  • $48,506Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $571Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,976Income earned, not collected on loans
  • $0Earning assets
  • $2,796Long-term assets (5+ years)
  • $599,564Average Assets, year-to-date
  • $290,355Average Assets, quarterly
  • $612,354Volatile liabilities
  • $638,376Insider loans
  • $285,187FHLB advances
  • $631,991Loans and leases held for sale
  • $19,450Unused loan commitments
  • $475Tier 1 (core) risk-based capital
  • $55,593Tier 2 risk-based capital
  • $18,975Total risk weighted assets
  • $0Total unused commitments
  • $45,345Restructured Loans and leases
  • $12,247Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $24,718Total interest income
  • $3,359Total interest expense
  • $21,359Net interest income
  • $835Provision for loan and lease losses
  • $6,096Total noninterest income
  • $0Fiduciary activities
  • $3,579Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,517Additional noninterest income
  • $14,256Total noninterest expense
  • $6,504Salaries and employee benefits
  • $2,010Premises and equipment expense
  • $5,742Additional noninterest expense
  • $12,364Pre-tax net operating income
  • -$2,136Securities gains (losses)
  • $0Applicable income taxes
  • $10,228Income before extraordinary items
  • $0Extraordinary gains - net
  • $10,228Net income attributable to bank
  • $0Net charge-offs
  • $10,228Cash dividends
  • $1,443Sale, conversion, retirement of capital stock, net
  • $5,400Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.36%Yield on earning assets
  • 0.59%Cost of funding earning assets
  • 3.77%Net interest margin
  • 1.08%Noninterest income to earning assets
  • 2.52%Noninterest expense to earning assets
  • 2.02%Net operating income to assets
  • 1.67%Return on assets (ROA)
  • 1.67%Pretax return on assets
  • 17.45%Return on equity (ROE)
  • 8.24%Retained earnings to average equity (YTD only)
  • 0.70%Net charge-offs to loans
  • 57.87%Credit loss provision to net charge-offs
  • 9.15%Efficiency ratio
  • 51,925Assets per employee
  • 4.89%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 52.80%Loss allowance to loans
  • 1.62%Loss allowance to noncurrent loans
  • 161.69%Noncurrent assets plus other real estate owned to assets
  • 0.45%Noncurrent loans to loans
  • 1.00%Net loans and leases to deposits
  • 37.55%Net loans and leases to core deposits
  • 43.65%Equity capital to assets
  • 9.95%Core capital (leverage) ratio
  • 8.80%Tier 1 risk-based capital ratio
  • 19.49%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $612,354Average earning assets
  • $58,624Average equity
  • $566,442Average loans

List of branches

  • 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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