Union Savings Bank in Albuquerque, New Mexico (NM)



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Union Savings Bank
GeneralFDIC Certificate #: 32329
Status: Active
Federal Reserve ID: 219576
Date Established: May 31, 1985
WWW: http://www.usbnm.com
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 1 (Domestic: 1, Interstate: No)
OTS Docket #: 8150
FDIC's unique #: 45163
Numeric code: 35
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: 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: May 31, 1985
Last Structure Change Effective Date: July 21, 2011
Last Structure Change Process Date: July 21, 2011
Last Data Update: July 21, 2011
Data Source Date: April 05, 2012
LocationAddress: 1500 Mercantile Ave, Ne, Albuquerque, NM 87107
County: Bernalillo
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
Metropolitan Statistical Area (MSA): Albuquerque, NM (#200)
Core Based Statistical Area (CBSA): Albuquerque, NM (#10740)
CBSA Metro Statistical Area: Albuquerque, NM (#10740)
History of ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $66.6 mil
Equity capital: $7.8 mil
Deposits held in domestic offices: $57.0 mil
Return on assets (ROA): 0.73% ($0.5 mil)
Quarterly return on assets: 0.81% ($0.5 mil)
Return on Equity (ROE): 6.86% ($0.5 mil)
Quarterly return on equity: 7.42% ($0.6 mil)
Net income: $0.5 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 1.22% ($812.1 mil)
Quarterly Pretax return on assets: 1.36% ($905.3 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)13
Total assets$66,568
Cash and due from depository institutions$8,269
Interest-bearing balances$8,051
Securities$20,528
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$34,431
Loan loss allowance $687
Trading account assets$0
Bank premises and fixed assets$751
Other real estate owned$1,347
Goodwill and other intangibles$0
All other assets$1,242
Life insurance assets$66,568
Total liabilities and capital$58,743
Total liabilities$57,012
Total deposits$48,194
Interest-bearing deposits$57,012
Deposits held in domestic offices$83
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$892
Other borrowed funds $0
Subordinated debt $839
All other liabilities $7,825
Total equity capital$7,825
Total bank equity capital$7,825
Perpetual preferred stock$0
Common stock$207
Surplus$3,773
Undivided profits $3,845
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $78
Earning assets $0
Long-term assets (5+ years) $207
Average Assets, year-to-date $63,010
Average Assets, quarterly $23,260
Volatile liabilities $70,115
Insider loans $70,833
FHLB advances $38,088
Loans and leases held for sale $69,395
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $7,384
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $2,223
Derivatives$25
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $3,133
Total interest expense $642
Net interest income $2,491
Provision for loan and lease losses -$75
Total noninterest income $158
Fiduciary activities $0
Service charges on deposit accounts $49
Trading account gains & fees $0
Additional noninterest income $109
Total noninterest expense $1,868
Salaries and employee benefits $894
Premises and equipment expense $185
Additional noninterest expense $789
Pre-tax net operating income $856
Securities gains (losses) $0
Applicable income taxes $343
Income before extraordinary items $513
Extraordinary gains - net $0
Net income attributable to bank $513
Net charge-offs $0
Cash dividends $513
Sale, conversion, retirement of capital stock, net $125
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.72%
Cost of funding earning assets 0.97%
Net interest margin 3.76%
Noninterest income to earning assets 0.24%
Noninterest expense to earning assets 2.82%
Net operating income to assets 0.73%
Return on assets (ROA) 0.73%
Pretax return on assets 1.22%
Return on equity (ROE) 6.86%
Retained earnings to average equity (YTD only) 6.86%
Net charge-offs to loans 0.33%
Credit loss provision to net charge-offs -60.00%
Efficiency ratio6.25%
Assets per employee$70,517
Cash dividends to net income (YTD only)5.12%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.96%
Noncurrent assets plus other real estate owned to assets 880.77%
Noncurrent loans to loans 2.14%
Net loans and leases to deposits0.22%
Net loans and leases to core deposits 60.39%
Equity capital to assets 103.36%
Core capital (leverage) ratio 11.75%
Tier 1 risk-based capital ratio 10.64%
Total risk-based capital ratio 19.39%
Memoranda
Average assets$21
Average earning assets$70,115
Average equity $7,473
Average loans $66,313
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1 New Mexico Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
045163Union Savings Bank1500 Mercantile Ave, Ne, Albuquerque, NM 87107May 31, 1985Full Service Brick and Mortar
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