FDIC Certificate #: 59030 Status: Inactive Closing history: Office Sold Acquiring institution:Beal Bank, SSB (#32574) Federal Reserve ID: 4041579 Date Established: January 22, 2010 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 7 (Interstate: No) OTS Docket #: 18136 FDIC's unique #: 500728 Numeric code: 33 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: January 22, 2010 Last Structure Change Effective Date: October 14, 2011 Last Structure Change Process Date: October 26, 2011 Last Data Update: October 26, 2011 Data Source Date: April 05, 2012
Location
Address: 4400 Osuna Road, Ne, Albuquerque, NM 87109 County: Bernalillo 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): Albuquerque, NM (#200) Core Based Statistical Area (CBSA): Albuquerque, NM (#10740) CBSA Metro Statistical Area: Albuquerque, NM (#10740)
History of Changes
Absorption - Without Assistance
Office Sold
Financial Summary
Total assets: $706.0 mil
Assets and Liabilities (December 31, 2010)
Dollar figures in thousands
74Total employees (full-time equivalent)
$768,998Total assets
$119,217Cash and due from depository institutions
$115,933Interest-bearing balances
$19,971Securities
$0Federal funds sold & reverse repurchase agreements
$551,446Net loans & leases
$8,383Loan loss allowance
$0Trading account assets
$7,205Bank premises and fixed assets
$24,546Other real estate owned
$48Goodwill and other intangibles
$0Life insurance assets
$46,565All other assets
$768,998Total liabilities and capital
$589,691Total liabilities
$292,016Total deposits
$274,607Interest-bearing deposits
$292,016Deposits held in domestic offices
98.59%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$271,797Other borrowed funds
$0Subordinated debt
$25,878All other liabilities
$179,307Total equity capital
$179,307Total bank equity capital
$179,307Perpetual preferred stock
$0Common stock
$97,500Surplus
$0Undivided profits
Memoranda
$81,807Noncurrent loans and leases
$15,103Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$128,089Earning assets
$127,817Long-term assets (5+ years)
$87Average Assets, year-to-date
$687,350Average Assets, quarterly
$0Volatile liabilities
$863,742Insider loans
$813,905FHLB advances
$388,620Loans and leases held for sale
$0Unused loan commitments
$271,797Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$15,103Total unused commitments
$0Restructured Loans and leases
$3,259Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$42,235Total interest income
$16,315Total interest expense
$25,920Net interest income
$8,383Provision for loan and lease losses
$55,206Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$55,206Additional noninterest income
$58,727Total noninterest expense
$8,166Salaries and employee benefits
$2,463Premises and equipment expense
$48,098Additional noninterest expense
$14,016Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$14,016Income before extraordinary items
$67,789Extraordinary gains - net
$81,805Net income attributable to bank
$0Net charge-offs
$81,805Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.61%Yield on earning assets
2.17%Cost of funding earning assets
3.44%Net interest margin
7.33%Noninterest income to earning assets
7.80%Noninterest expense to earning assets
1.62%Net operating income to assets
9.47%Return on assets (ROA)
9.47%Pretax return on assets
42.10%Return on equity (ROE)
42.10%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
72,382Assets per employee
10.39%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.50%Loss allowance to noncurrent loans
6.54%Noncurrent assets plus other real estate owned to assets
19.85%Noncurrent loans to loans
22.88%Net loans and leases to deposits
188.84%Net loans and leases to core deposits
314.76%Equity capital to assets
23.32%Core capital (leverage) ratio
23.32%Tier 1 risk-based capital ratio
70.16%Total risk-based capital ratio
Memoranda
$71Average assets
$863,742Average earning assets
$194,291Average equity
$753,075Average loans
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