Western Bank in Alamogordo, New Mexico (NM)

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Western Bank
GeneralFDIC Certificate #: 22525
Status: Active
Federal Reserve ID: 156952
Bank Holding Company (Regulatory Top Holder): Western Bancshares Of Alamogordo, Inc. (RSSDID: 1137631, Location: Carlsbad, NM)
Date Established: September 19, 1977
WWW: http://www.wbalamo.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
OTS Docket #: 9361
FDIC's unique #: 15710
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: No
Asset Concentration Hierarchy: All Other Specialization < 1 Billion
Date of Deposit Insurance: September 19, 1977
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
LocationAddress: 500 Ninth Street, Alamogordo, NM 88310
County: Otero
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): Alamogordo, NM (#10460)
CBSA Micro Statistical Area: Yes
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $73.4 mil
Equity capital: $9.5 mil
Deposits held in domestic offices: $52.0 mil
Return on assets (ROA): 0.59% ($0.4 mil)
Quarterly return on assets: 0.69% ($0.5 mil)
Return on Equity (ROE): 4.56% ($0.5 mil)
Quarterly return on equity: 5.32% ($0.5 mil)
Net income: $0.4 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.91% ($668.2 mil)
Quarterly Pretax return on assets: 1.14% ($837.1 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)31
Total assets$73,432
Cash and due from depository institutions$14,127
Interest-bearing balances$9,900
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$36,278
Loan loss allowance $436
Trading account assets$0
Bank premises and fixed assets$1,684
Other real estate owned$2,298
Goodwill and other intangibles$0
All other assets$1,589
Life insurance assets$73,432
Total liabilities and capital$63,921
Total liabilities$52,029
Total deposits$43,929
Interest-bearing deposits$52,029
Deposits held in domestic offices$86
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$11,678
Other borrowed funds $0
Subordinated debt $214
All other liabilities $9,511
Total equity capital$9,511
Total bank equity capital$9,511
Perpetual preferred stock$0
Common stock$634
Undivided profits $5,586
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 $29
Earning assets $0
Long-term assets (5+ years) $463
Average Assets, year-to-date $63,634
Average Assets, quarterly $30,539
Volatile liabilities $72,394
Insider loans $72,923
FHLB advances $32,004
Loans and leases held for sale $72,677
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $9,497
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $3,523
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $3,791
Total interest expense $601
Net interest income $3,190
Provision for loan and lease losses $0
Total noninterest income $459
Fiduciary activities $0
Service charges on deposit accounts $330
Trading account gains & fees $0
Additional noninterest income $129
Total noninterest expense $2,993
Salaries and employee benefits $1,151
Premises and equipment expense $316
Additional noninterest expense $1,526
Pre-tax net operating income $656
Securities gains (losses) $0
Applicable income taxes $228
Income before extraordinary items $428
Extraordinary gains - net $0
Net income attributable to bank $428
Net charge-offs $0
Cash dividends $428
Sale, conversion, retirement of capital stock, net $136
Net operating income $201
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.89%
Cost of funding earning assets 0.93%
Net interest margin 4.96%
Noninterest income to earning assets 0.71%
Noninterest expense to earning assets 4.65%
Net operating income to assets 0.59%
Return on assets (ROA) 0.59%
Pretax return on assets 0.91%
Return on equity (ROE) 4.56%
Retained earnings to average equity (YTD only) 2.42%
Net charge-offs to loans 0.36%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio4.82%
Assets per employee$82,022
Cash dividends to net income (YTD only)2.37%
Condition Ratios (%)
Loss allowance to loans 46.96%
Loss allowance to noncurrent loans 1.19%
Noncurrent assets plus other real estate owned to assets 1503.45%
Noncurrent loans to loans 3.17%
Net loans and leases to deposits0.08%
Net loans and leases to core deposits 69.73%
Equity capital to assets 78.64%
Core capital (leverage) ratio 12.95%
Tier 1 risk-based capital ratio 13.07%
Total risk-based capital ratio 29.67%
Average assets$31
Average earning assets$72,394
Average equity $9,380
Average loans $64,325
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3 New Mexico Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
015710Western Bank500 Ninth Street, Alamogordo, NM 88310September 19, 1977Full Service Brick and Mortar
1254836Tularosa Branch201 Saint Francis Drive, Tularosa, NM 88352November 21, 1997Full Service Brick and Mortar
2254837Cloudcroft Branch505 Burro Ave Suite 106, Cloudcroft, NM 88317May 27, 1998Full Service Brick and Mortar
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