Western Heritage Bank in Las Cruces, New Mexico (NM)
Overview, Financial Summary, Detailed Financial Reports, Branches


Western Heritage Bank - Overview

  • General
  • FDIC Certificate #: 35492
    Status: Active
    Federal Reserve ID: 2883971
    Bank Holding Company (Regulatory Top Holder): New Mexico First Financial, Inc. (RSSDID: 2883962, Location: Las Cruces, NM)
    Date Established: October 02, 2000
    WWW: http://www.westernheritagebank.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)
    FDIC's unique #: 80576
    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: October 02, 2000
    Last Structure Change Effective Date: November 22, 2011
    Last Structure Change Process Date: December 02, 2011
    Last Data Update: December 02, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 230 South Alameda, Las Cruces, NM 88005
    County: Dona Ana
    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
    Metropolitan Statistical Area (MSA): Las Cruces, NM (#4100)
    Core Based Statistical Area (CBSA): Las Cruces, NM (#29740)
    CBSA Metro Statistical Area: Las Cruces, NM (#29740)
  • Financial Summary
  • Total assets: $73.6 mil
    Equity capital: $5.6 mil
    Deposits held in domestic offices: $67.4 mil
    Return on assets (ROA): -0.22% (-$0.2 mil)
    Quarterly return on assets: 2.97% ($2.2 mil)
    Return on Equity (ROE): -2.45% (-$0.1 mil)
    Quarterly return on equity: 40.17% ($2.4 mil)
    Net income: -$0.1 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: -0.22% (-$161.9 mil)
    Quarterly Pretax return on assets: 2.97% ($2,185.3 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
  • 40Total employees (full-time equivalent)
  • $73,579Total assets
  • $4,115Cash and due from depository institutions
  • $1,988Interest-bearing balances
  • $259Securities
  • $3,321Federal funds sold & reverse repurchase agreements
  • $61,934Net loans & leases
  • $1,324Loan loss allowance
  • $0Trading account assets
  • $2,816Bank premises and fixed assets
  • $0Other real estate owned
  • $34Goodwill and other intangibles
  • $73,579Life insurance assets
  • $1,100All other assets
  • $67,916Total liabilities and capital
  • $67,444Total liabilities
  • $57,334Total deposits
  • $67,444Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $472Subordinated debt
  • $5,663All other liabilities
  • $5,565Total equity capital
  • $5,565Total bank equity capital
  • $0Perpetual preferred stock
  • $1,200Common stock
  • $8,690Surplus
  • $-4,325Undivided profits
  • Memoranda
  • $98Noncurrent loans and leases
  • $10,002Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $652Income earned, not collected on loans
  • $0Earning assets
  • $401Long-term assets (5+ years)
  • $67,502Average Assets, year-to-date
  • $15,876Average Assets, quarterly
  • $61,462Volatile liabilities
  • $71,849Insider loans
  • $62,020FHLB advances
  • $71,448Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $5,531Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,003Restructured Loans and leases
  • $206Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,450Total interest income
  • $472Total interest expense
  • $2,978Net interest income
  • $785Provision for loan and lease losses
  • $1,556Total noninterest income
  • $0Fiduciary activities
  • $82Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,474Additional noninterest income
  • $3,948Total noninterest expense
  • $1,940Salaries and employee benefits
  • $404Premises and equipment expense
  • $1,604Additional noninterest expense
  • -$199Pre-tax net operating income
  • $135Securities gains (losses)
  • $0Applicable income taxes
  • -$64Income before extraordinary items
  • $0Extraordinary gains - net
  • -$136Net income attributable to bank
  • $72Net charge-offs
  • -$64Cash dividends
  • $79Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.17%Yield on earning assets
  • 0.84%Cost of funding earning assets
  • 5.32%Net interest margin
  • 2.78%Noninterest income to earning assets
  • 7.06%Noninterest expense to earning assets
  • -0.32%Net operating income to assets
  • -0.22%Return on assets (ROA)
  • -0.22%Pretax return on assets
  • -2.45%Return on equity (ROE)
  • -2.45%Retained earnings to average equity (YTD only)
  • 0.17%Net charge-offs to loans
  • 993.67%Credit loss provision to net charge-offs
  • 7.42%Efficiency ratio
  • 87,075Assets per employee
  • 1.84%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.09%Loss allowance to noncurrent loans
  • 203.07%Noncurrent assets plus other real estate owned to assets
  • 0.89%Noncurrent loans to loans
  • 1.03%Net loans and leases to deposits
  • 91.83%Net loans and leases to core deposits
  • 97.65%Equity capital to assets
  • 7.56%Core capital (leverage) ratio
  • 7.74%Tier 1 risk-based capital ratio
  • 8.92%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $61,462Average earning assets
  • $5,558Average equity
  • $55,955Average loans

List of branches

  • 2 New Mexico Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    080576Western Heritage Bank230 South Alameda, Las Cruces, NM 88005October 02, 2000Full Service Brick and Mortar
    2507380Maple Street Branch108 West Maple Street, Deming, NM 88030April 12, 2010Full Service Brick and Mortar

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