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

  • Western Bank, Artesia, New Mexico in Artesia, New Mexico (NM)
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Western Bank, Artesia, New Mexico - Overview

  • General
  • FDIC Certificate #: 16720
    Status: Active
    Federal Reserve ID: 709554
    Bank Holding Company (Regulatory Top Holder): Western Bancshares Of New Mexico,inc. (RSSDID: 1065453, Location: Artesia, NM)
    Date Established: August 02, 1948
    WWW: http://www.wbartesia.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 10168
    FDIC's unique #: 10842
    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: Commercial Lending Specialization
    Date of Deposit Insurance: August 02, 1948
    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: 320 West Texas Avenue, Artesia, NM 88210
    County: Eddy
    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): Carlsbad-Artesia, NM (#16100)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $149.9 mil
    Equity capital: $16.0 mil
    Deposits held in domestic offices: $133.8 mil
    Return on assets (ROA): 1.95% ($2.9 mil)
    Quarterly return on assets: 0.91% ($1.4 mil)
    Return on Equity (ROE): 19.85% ($3.2 mil)
    Quarterly return on equity: 8.64% ($1.4 mil)
    Net income: $3.1 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.95% ($2,923.4 mil)
    Quarterly Pretax return on assets: 0.91% ($1,364.3 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
  • 27Total employees (full-time equivalent)
  • $149,918Total assets
  • $8,049Cash and due from depository institutions
  • $2,039Interest-bearing balances
  • $50,283Securities
  • $10,630Federal funds sold & reverse repurchase agreements
  • $75,980Net loans & leases
  • $790Loan loss allowance
  • $0Trading account assets
  • $2,151Bank premises and fixed assets
  • $1,378Other real estate owned
  • $0Goodwill and other intangibles
  • $149,918Life insurance assets
  • $1,447All other assets
  • $133,965Total liabilities and capital
  • $133,829Total liabilities
  • $75,036Total deposits
  • $133,829Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $136Subordinated debt
  • $15,953All other liabilities
  • $15,953Total equity capital
  • $15,953Total bank equity capital
  • $0Perpetual preferred stock
  • $900Common stock
  • $4,850Surplus
  • $10,203Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $671Income earned, not collected on loans
  • $0Earning assets
  • $950Long-term assets (5+ years)
  • $138,932Average Assets, year-to-date
  • $48,393Average Assets, quarterly
  • $157,424Volatile liabilities
  • $153,546Insider loans
  • $94,088FHLB advances
  • $155,296Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $14,403Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $14,068Restructured Loans and leases
  • $5,409Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,849Total interest income
  • $703Total interest expense
  • $6,146Net interest income
  • $120Provision for loan and lease losses
  • $576Total noninterest income
  • $0Fiduciary activities
  • $464Service charges on deposit accounts
  • $0Trading account gains & fees
  • $112Additional noninterest income
  • $3,534Total noninterest expense
  • $1,662Salaries and employee benefits
  • $350Premises and equipment expense
  • $1,522Additional noninterest expense
  • $3,068Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $3,068Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,068Net income attributable to bank
  • $0Net charge-offs
  • $3,068Cash dividends
  • $54Sale, conversion, retirement of capital stock, net
  • $2,500Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.66%Yield on earning assets
  • 0.48%Cost of funding earning assets
  • 4.18%Net interest margin
  • 0.39%Noninterest income to earning assets
  • 2.40%Noninterest expense to earning assets
  • 1.95%Net operating income to assets
  • 1.95%Return on assets (ROA)
  • 1.95%Pretax return on assets
  • 19.85%Return on equity (ROE)
  • 3.67%Retained earnings to average equity (YTD only)
  • 0.07%Net charge-offs to loans
  • 222.22%Credit loss provision to net charge-offs
  • 59.04%Efficiency ratio
  • 52,574Assets per employee
  • 5.55%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 81.49%Loss allowance to loans
  • 1.03%Loss allowance to noncurrent loans
  • 117.73%Noncurrent assets plus other real estate owned to assets
  • 1.37%Noncurrent loans to loans
  • 0.87%Net loans and leases to deposits
  • 56.77%Net loans and leases to core deposits
  • 61.55%Equity capital to assets
  • 10.64%Core capital (leverage) ratio
  • 9.27%Tier 1 risk-based capital ratio
  • 15.31%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $157,424Average earning assets
  • $15,458Average equity
  • $146,994Average loans

List of branches

  • 1 New Mexico Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010842Western Bank, Artesia, New Mexico320 West Texas Avenue, Artesia, NM 88210August 02, 1948Full Service Brick and Mortar

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