Western Bank in Gallup, New Mexico (NM)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 12, 2005

Western Bank in Gallup, New Mexico (NM)
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Western Bank - Overview

General
FDIC Certificate #: 21467
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Bank of Colorado (#16980)
Federal Reserve ID: 982151
Date Established: March 04, 1974
WWW: http://www.westernbankgallup.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 14847
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: March 04, 1974
Last Structure Change Effective Date: March 12, 2005
Last Structure Change Process Date: March 21, 2005
Last Data Update: March 21, 2005
Data Source Date: April 05, 2012
Location
Address: 307 West Aztec Avenue, Gallup, NM 87301
County: Mckinley
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): Gallup, NM (#23700)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $110.4 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, 2004)

Dollar figures in thousands
38Total employees (full-time equivalent)
$110,363Total assets
$4,957Cash and due from depository institutions
$0Interest-bearing balances
$45,021Securities
$4,971Federal funds sold & reverse repurchase agreements
$48,997Net loans & leases
$848Loan loss allowance
$0Trading account assets
$1,817Bank premises and fixed assets
$0Other real estate owned
$3,260Goodwill and other intangibles
$0Life insurance assets
$1,340All other assets
$110,363Total liabilities and capital
$99,605Total liabilities
$86,250Total deposits
$80,570Interest-bearing deposits
$86,250Deposits held in domestic offices
0.00%% insured (estimated)
$12,560Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$795All other liabilities
$10,758Total equity capital
$10,758Total bank equity capital
$10,758Perpetual preferred stock
$0Common stock
$500Surplus
$7,961Undivided profits
Memoranda
$2,297Noncurrent loans and leases
$4,908Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$240Earning assets
$0Long-term assets (5+ years)
$656Average Assets, year-to-date
$98,989Average Assets, quarterly
$15,247Volatile liabilities
$108,336Insider loans
$108,715FHLB advances
$32,749Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,908Total unused commitments
$0Restructured Loans and leases
$761Derivatives

Income and Expense (December 31, 2004)

Dollar figures in thousands
$4,774Total interest income
$1,060Total interest expense
$3,714Net interest income
$10Provision for loan and lease losses
$777Total noninterest income
$0Fiduciary activities
$618Service charges on deposit accounts
$0Trading account gains & fees
$159Additional noninterest income
$2,774Total noninterest expense
$1,222Salaries and employee benefits
$364Premises and equipment expense
$1,188Additional noninterest expense
$1,707Pre-tax net operating income
$34Securities gains (losses)
$505Applicable income taxes
$1,236Income before extraordinary items
$0Extraordinary gains - net
$1,236Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$9Sale, conversion, retirement of capital stock, net
$400Net operating income

Performance and Condition Ratios (December 31, 2004)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.93%Yield on earning assets
1.10%Cost of funding earning assets
3.84%Net interest margin
0.80%Noninterest income to earning assets
2.87%Noninterest expense to earning assets
1.12%Net operating income to assets
1.14%Return on assets (ROA)
1.61%Pretax return on assets
11.59%Return on equity (ROE)
7.84%Retained earnings to average equity (YTD only)
0.02%Net charge-offs to loans
111.11%Credit loss provision to net charge-offs
190.78%Efficiency ratio
61,768Assets per employee
2.90%Cash dividends to net income (YTD only)
Condition Ratios (%)
32.36%Loss allowance to loans
1.70%Loss allowance to noncurrent loans
353.33%Noncurrent assets plus other real estate owned to assets
0.22%Noncurrent loans to loans
0.48%Net loans and leases to deposits
56.81%Net loans and leases to core deposits
74.17%Equity capital to assets
9.75%Core capital (leverage) ratio
7.13%Tier 1 risk-based capital ratio
12.36%Total risk-based capital ratio
Memoranda
$14Average assets
$108,336Average earning assets
$10,662Average equity
$96,758Average loans

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