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


Western Commerce Bank - Overview

  • General
  • FDIC Certificate #: 18389
    Status: Active
    Federal Reserve ID: 169756
    Bank Holding Company (Regulatory Top Holder): Western Commerce Bancshares Of Carlsbad, Inc. (RSSDID: 1109227, Location: Carlsbad, NM)
    Date Established: June 03, 1961
    WWW: http://www.wcb.net
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 12 (Domestic: 12, Interstate: No)
    OTS Docket #: 9072
    FDIC's unique #: 12297
    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: June 03, 1961
    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: 127 South Canyon Street, Carlsbad, NM 88220
    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: $363.8 mil
    Equity capital: $33.3 mil
    Deposits held in domestic offices: $323.7 mil
    Return on assets (ROA): 2.06% ($7.5 mil)
    Quarterly return on assets: 1.85% ($6.7 mil)
    Return on Equity (ROE): 22.60% ($7.5 mil)
    Quarterly return on equity: 20.36% ($6.7 mil)
    Net income: $7.1 mil
    Quarterly Net income: $1.7 mil
    Pretax return on assets: 2.06% ($7,494.8 mil)
    Quarterly Pretax return on assets: 1.85% ($6,730.8 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
  • 98Total employees (full-time equivalent)
  • $363,825Total assets
  • $80,933Cash and due from depository institutions
  • $78,672Interest-bearing balances
  • $105,134Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $163,844Net loans & leases
  • $1,897Loan loss allowance
  • $0Trading account assets
  • $5,984Bank premises and fixed assets
  • $2,949Other real estate owned
  • $0Goodwill and other intangibles
  • $363,825Life insurance assets
  • $4,981All other assets
  • $330,538Total liabilities and capital
  • $323,702Total liabilities
  • $219,735Total deposits
  • $323,702Interest-bearing deposits
  • $73Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,686Trading liabilities
  • $0Other borrowed funds
  • $150Subordinated debt
  • $33,287All other liabilities
  • $33,287Total equity capital
  • $33,287Total bank equity capital
  • $0Perpetual preferred stock
  • $672Common stock
  • $9,905Surplus
  • $22,710Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,196Income earned, not collected on loans
  • $1,855Earning assets
  • $1,268Long-term assets (5+ years)
  • $347,650Average Assets, year-to-date
  • $156,480Average Assets, quarterly
  • $345,924Volatile liabilities
  • $357,628Insider loans
  • $187,707FHLB advances
  • $361,658Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $33,280Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $11,750Restructured Loans and leases
  • $55Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $15,494Total interest income
  • $1,194Total interest expense
  • $14,300Net interest income
  • $84Provision for loan and lease losses
  • $2,207Total noninterest income
  • $357Fiduciary activities
  • $1,015Service charges on deposit accounts
  • $0Trading account gains & fees
  • $835Additional noninterest income
  • $9,290Total noninterest expense
  • $4,966Salaries and employee benefits
  • $1,230Premises and equipment expense
  • $3,094Additional noninterest expense
  • $7,133Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $7,133Income before extraordinary items
  • $0Extraordinary gains - net
  • $7,133Net income attributable to bank
  • $0Net charge-offs
  • $7,133Cash dividends
  • $187Sale, conversion, retirement of capital stock, net
  • $6,804Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.69%Yield on earning assets
  • 0.36%Cost of funding earning assets
  • 4.33%Net interest margin
  • 0.67%Noninterest income to earning assets
  • 2.81%Noninterest expense to earning assets
  • 2.06%Net operating income to assets
  • 2.06%Return on assets (ROA)
  • 2.06%Pretax return on assets
  • 22.60%Return on equity (ROE)
  • 1.04%Retained earnings to average equity (YTD only)
  • 0.11%Net charge-offs to loans
  • 44.92%Credit loss provision to net charge-offs
  • 38.59%Efficiency ratio
  • 56,279Assets per employee
  • 3.71%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 95.39%Loss allowance to loans
  • 1.14%Loss allowance to noncurrent loans
  • 59.36%Noncurrent assets plus other real estate owned to assets
  • 1.69%Noncurrent loans to loans
  • 1.93%Net loans and leases to deposits
  • 50.62%Net loans and leases to core deposits
  • 58.02%Equity capital to assets
  • 9.15%Core capital (leverage) ratio
  • 9.20%Tier 1 risk-based capital ratio
  • 17.73%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $345,924Average earning assets
  • $31,563Average equity
  • $330,461Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $65,473Managed Assets
  • 1Number of Accounts
  • $32,163Personal trust and agency accounts
  • $31,068Employee benefit-defined contribution accounts
  • $1,095Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 182Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $33,310Other retirement accounts
  • $12,579Corporate trust and agency accounts
  • $1Other fiduciary accounts
  • $20,730Fiduciary accounts held in foreign offices

List of branches

  • 12 New Mexico Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012297Western Commerce Bank127 South Canyon Street, Carlsbad, NM 88220June 03, 1961Full Service Brick and Mortar
    1245184Loving Branch313 Cedar Street, Loving, NM 88256September 12, 1964Full Service Brick and Mortar
    3245186North Canal Branch501 North Canal Street, Carlsbad, NM 88220April 19, 1978Full Service Brick and Mortar
    4245187South Y Branch3010 National Parks Highway, Carlsbad, NM 88220December 06, 1982Full Service Brick and Mortar
    546269Security Branch212 North Canal, Carlsbad, NM 88220May 04, 1990Full Service Brick and Mortar
    610696Lovington Main Branch18 West Adams Street, Lovington, NM 88260Febuary 28, 1947Full Service Brick and Mortar
    7238290Tatum Branch102 South Avenue A, Tatum, NM 88267March 15, 1954Full Service Brick and Mortar
    8238291Hobbs Branch2224 North Turner Boulevard, Hobbs, NM 88240October 25, 1971Full Service Brick and Mortar
    9238292West Branch1003 West Avenue D, Lovington, NM 88260June 18, 1973Limited Service Facility
    11245189Albuquerque Branch1910 Wyoming Blvd Ne, Albuquerque, NM 87105December 09, 1996Full Service Brick and Mortar
    12484707Hobbs Downtown Office209 W. Taylor, Hobbs, NM 88240December 15, 2008Full Service Brick and Mortar
    13501270Grimes Branch3920 N. Grimes, Hobbs, NM 88240January 19, 2010Full Service Brick and Mortar

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