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


Western Bank of Clovis - Overview

  • General
  • FDIC Certificate #: 22059
    Status: Active
    Federal Reserve ID: 640554
    Bank Holding Company (Regulatory Top Holder): Western Bancshares Of Clovis, Inc. (RSSDID: 1135301, Location: Carlsbad, NM)
    Date Established: July 07, 1975
    WWW: http://www.wbclovis.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 10609
    FDIC's unique #: 15311
    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: Commercial Lending Specialization
    Date of Deposit Insurance: July 07, 1975
    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: 901 Pile Street, Clovis, NM 88101
    County: Curry
    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
    Combined Statistical Area (CSA): Clovis-Portales, NM (#188)
    Core Based Statistical Area (CBSA): Clovis, NM (#17580)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $52.0 mil
    Equity capital: $6.3 mil
    Deposits held in domestic offices: $39.1 mil
    Return on assets (ROA): 1.05% ($0.5 mil)
    Quarterly return on assets: 0.94% ($0.5 mil)
    Return on Equity (ROE): 8.59% ($0.5 mil)
    Quarterly return on equity: 7.58% ($0.5 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.68% ($874.3 mil)
    Quarterly Pretax return on assets: 1.63% ($848.3 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
  • 17Total employees (full-time equivalent)
  • $52,040Total assets
  • $7,079Cash and due from depository institutions
  • $3,131Interest-bearing balances
  • $9,614Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $33,388Net loans & leases
  • $579Loan loss allowance
  • $0Trading account assets
  • $930Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $52,040Life insurance assets
  • $1,029All other assets
  • $45,739Total liabilities and capital
  • $39,095Total liabilities
  • $33,503Total deposits
  • $39,095Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,484Trading liabilities
  • $0Other borrowed funds
  • $160Subordinated debt
  • $6,301All other liabilities
  • $6,301Total equity capital
  • $6,301Total bank equity capital
  • $0Perpetual preferred stock
  • $410Common stock
  • $2,040Surplus
  • $3,851Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $355Long-term assets (5+ years)
  • $46,133Average Assets, year-to-date
  • $25,875Average Assets, quarterly
  • $52,575Volatile liabilities
  • $52,410Insider loans
  • $42,892FHLB advances
  • $52,377Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,301Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,567Restructured Loans and leases
  • $1,083Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,986Total interest income
  • $535Total interest expense
  • $2,451Net interest income
  • $0Provision for loan and lease losses
  • $116Total noninterest income
  • $0Fiduciary activities
  • $73Service charges on deposit accounts
  • $0Trading account gains & fees
  • $43Additional noninterest income
  • $1,686Total noninterest expense
  • $652Salaries and employee benefits
  • $241Premises and equipment expense
  • $793Additional noninterest expense
  • $881Pre-tax net operating income
  • $0Securities gains (losses)
  • $327Applicable income taxes
  • $554Income before extraordinary items
  • $0Extraordinary gains - net
  • $554Net income attributable to bank
  • $0Net charge-offs
  • $554Cash dividends
  • $4Sale, conversion, retirement of capital stock, net
  • $540Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.14%Yield on earning assets
  • 1.10%Cost of funding earning assets
  • 5.04%Net interest margin
  • 0.24%Noninterest income to earning assets
  • 3.47%Noninterest expense to earning assets
  • 1.05%Net operating income to assets
  • 1.05%Return on assets (ROA)
  • 1.68%Pretax return on assets
  • 8.59%Return on equity (ROE)
  • 0.22%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 220.25%Efficiency ratio
  • 65,680Assets per employee
  • 3.06%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 97.47%Loss allowance to loans
  • 1.70%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 85.40%Net loans and leases to core deposits
  • 92.79%Equity capital to assets
  • 12.11%Core capital (leverage) ratio
  • 12.03%Tier 1 risk-based capital ratio
  • 14.69%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $52,575Average earning assets
  • $6,451Average equity
  • $48,651Average loans

List of branches

  • 2 New Mexico Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    015311Western Bank Of Clovis901 Pile Street, Clovis, NM 88101July 07, 1975Full Service Brick and Mortar
    1254004Portales Branch203 South Main Avenue, Portales, NM 88130October 02, 1995Full Service Brick and Mortar

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