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

Western Bank - Overview

  • General
  • FDIC Certificate #: 2249
    Status: Active
    Federal Reserve ID: 723653
    Bank Holding Company (Regulatory Top Holder): Lordsburg Financial Corporation (RSSDID: 1417454, Location: Lordsburg, NM)
    Date Established: September 29, 1907
    WWW: http://www.bootheelbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 4 (Domestic: 4, Interstate: Yes)
    OTS Docket #: 11384
    FDIC's unique #: 1496
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    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: 140 East Motel Drive, Lordsburg, NM 88045
    County: Hidalgo
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $146.5 mil
    Equity capital: $18.7 mil
    Deposits held in domestic offices: $123.0 mil
    Return on assets (ROA): 1.54% ($2.2 mil)
    Quarterly return on assets: 1.29% ($1.9 mil)
    Return on Equity (ROE): 12.03% ($2.3 mil)
    Quarterly return on equity: 10.04% ($1.9 mil)
    Net income: $2.1 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 1.54% ($2,255.7 mil)
    Quarterly Pretax return on assets: 1.29% ($1,889.5 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
  • 55Total employees (full-time equivalent)
  • $146,473Total assets
  • $21,639Cash and due from depository institutions
  • $18,803Interest-bearing balances
  • $41,024Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $75,266Net loans & leases
  • $2,194Loan loss allowance
  • $0Trading account assets
  • $4,324Bank premises and fixed assets
  • $813Other real estate owned
  • $0Goodwill and other intangibles
  • $146,474Life insurance assets
  • $3,407All other assets
  • $127,749Total liabilities and capital
  • $122,984Total liabilities
  • $90,950Total deposits
  • $122,984Interest-bearing deposits
  • $78Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,000Trading liabilities
  • $0Other borrowed funds
  • $765Subordinated debt
  • $18,725All other liabilities
  • $18,725Total equity capital
  • $18,725Total bank equity capital
  • $0Perpetual preferred stock
  • $452Common stock
  • $4,663Surplus
  • $13,610Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $353Income earned, not collected on loans
  • $75Earning assets
  • $1,062Long-term assets (5+ years)
  • $135,093Average Assets, year-to-date
  • $32,251Average Assets, quarterly
  • $136,385Volatile liabilities
  • $142,014Insider loans
  • $88,229FHLB advances
  • $142,993Loans and leases held for sale
  • $1,060Unused loan commitments
  • $1,060Tier 1 (core) risk-based capital
  • $17,145Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $10,006Restructured Loans and leases
  • $346Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,194Total interest income
  • $628Total interest expense
  • $6,566Net interest income
  • $590Provision for loan and lease losses
  • $1,218Total noninterest income
  • $0Fiduciary activities
  • $625Service charges on deposit accounts
  • $0Trading account gains & fees
  • $593Additional noninterest income
  • $5,087Total noninterest expense
  • $2,965Salaries and employee benefits
  • $725Premises and equipment expense
  • $1,397Additional noninterest expense
  • $2,107Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $2,107Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,107Net income attributable to bank
  • $0Net charge-offs
  • $2,107Cash dividends
  • $282Sale, conversion, retirement of capital stock, net
  • $1,390Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.70%Yield on earning assets
  • 0.50%Cost of funding earning assets
  • 5.21%Net interest margin
  • 0.97%Noninterest income to earning assets
  • 4.03%Noninterest expense to earning assets
  • 1.54%Net operating income to assets
  • 1.54%Return on assets (ROA)
  • 1.54%Pretax return on assets
  • 12.03%Return on equity (ROE)
  • 4.09%Retained earnings to average equity (YTD only)
  • 0.37%Net charge-offs to loans
  • 209.22%Credit loss provision to net charge-offs
  • 9.56%Efficiency ratio
  • 65,352Assets per employee
  • 2.66%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 65.97%Loss allowance to loans
  • 2.83%Loss allowance to noncurrent loans
  • 621.53%Noncurrent assets plus other real estate owned to assets
  • 0.80%Noncurrent loans to loans
  • 0.46%Net loans and leases to deposits
  • 61.20%Net loans and leases to core deposits
  • 67.13%Equity capital to assets
  • 12.78%Core capital (leverage) ratio
  • 11.99%Tier 1 risk-based capital ratio
  • 19.43%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $136,385Average earning assets
  • $17,511Average equity
  • $126,130Average loans

List of branches

  • 1 Arizona Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    4513438Willcox Branch200 West Rex Allen Drive, Willcox, AZ 85643October 01, 2010Full Service Brick and Mortar
  • 3 New Mexico Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01496Western Bank140 East Motel Drive, Lordsburg, NM 88045September 29, 1907Full Service Brick and Mortar
    1192196Main Street Branch711 Main Street, Lordsburg, NM 88045January 02, 1970Limited Service Facility
    3419665Silver City Branch333 Hwy 180 West, Silver City, NM 88061May 12, 2003Full Service Brick and Mortar

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