First American Bank in city_name, state_name - Detailed Financial Reports, Location

First American Bank in Artesia, New Mexico (NM)
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First American Bank - Overview

General
FDIC Certificate #: 2240
Status: Active
Federal Reserve ID: 771458
Bank Holding Company (Regulatory Top Holder): First Artesia Bancshares, Inc. (RSSDID: 1108967, Location: Artesia, NM)
Date Established: January 01, 1903
WWW: http://www.1streadyonline.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 14 (Domestic: 14, Interstate: No)
OTS Docket #: 9740
FDIC's unique #: 1490
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: January 01, 1934
Last Structure Change Effective Date: June 25, 2010
Last Structure Change Process Date: June 26, 2010
Last Data Update: June 26, 2010
Data Source Date: April 05, 2012
Location
Address: 303 W Main Street, 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
Participated in FDIC Assisted Absorption/Consolidation/Merger
Financial Summary
Total assets: $732.3 mil
Equity capital: $71.0 mil
Deposits held in domestic offices: $605.7 mil
Return on assets (ROA): 1.88% ($13.8 mil)
Quarterly return on assets: 1.98% ($14.5 mil)
Return on Equity (ROE): 20.30% ($14.4 mil)
Quarterly return on equity: 21.16% ($15.0 mil)
Net income: $13.2 mil
Quarterly Net income: $3.7 mil
Pretax return on assets: 1.88% ($13,766.4 mil)
Quarterly Pretax return on assets: 1.98% ($14,498.6 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
226Total employees (full-time equivalent)
$732,255Total assets
$69,232Cash and due from depository institutions
$52,457Interest-bearing balances
$195,524Securities
$0Federal funds sold & reverse repurchase agreements
$405,011Net loans & leases
$8,604Loan loss allowance
$0Trading account assets
$23,440Bank premises and fixed assets
$6,029Other real estate owned
$0Goodwill and other intangibles
$732,255Life insurance assets
$33,019All other assets
$661,215Total liabilities and capital
$605,694Total liabilities
$432,639Total deposits
$605,694Interest-bearing deposits
$74Deposits held in domestic offices
44205.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$2,708Trading liabilities
$0Other borrowed funds
$8,608Subordinated debt
$71,040All other liabilities
$71,040Total equity capital
$71,040Total bank equity capital
$0Perpetual preferred stock
$2,000Common stock
$42,900Surplus
$26,140Undivided profits
Memoranda
$0Noncurrent loans and leases
$10,278Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$10,671Income earned, not collected on loans
$0Earning assets
$2,807Long-term assets (5+ years)
$652,992Average Assets, year-to-date
$253,556Average Assets, quarterly
$704,539Volatile liabilities
$738,811Insider loans
$448,768FHLB advances
$758,240Loans and leases held for sale
$11,636Unused loan commitments
$10,899Tier 1 (core) risk-based capital
$64,506Tier 2 risk-based capital
$0Total risk weighted assets
$737Total unused commitments
$82,594Restructured Loans and leases
$11,620Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$33,782Total interest income
$3,205Total interest expense
$30,577Net interest income
$0Provision for loan and lease losses
$7,294Total noninterest income
$1,543Fiduciary activities
$2,122Service charges on deposit accounts
$0Trading account gains & fees
$3,629Additional noninterest income
$24,662Total noninterest expense
$13,555Salaries and employee benefits
$3,189Premises and equipment expense
$7,918Additional noninterest expense
$13,209Pre-tax net operating income
$3Securities gains (losses)
$0Applicable income taxes
$13,212Income before extraordinary items
$0Extraordinary gains - net
$13,212Net income attributable to bank
$0Net charge-offs
$13,212Cash dividends
$700Sale, conversion, retirement of capital stock, net
$7,084Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.41%Yield on earning assets
0.51%Cost of funding earning assets
4.90%Net interest margin
1.17%Noninterest income to earning assets
3.95%Noninterest expense to earning assets
1.87%Net operating income to assets
1.88%Return on assets (ROA)
1.88%Pretax return on assets
20.30%Return on equity (ROE)
9.41%Retained earnings to average equity (YTD only)
0.17%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
18.87%Efficiency ratio
65,121Assets per employee
3.24%Cash dividends to net income (YTD only)
Condition Ratios (%)
53.62%Loss allowance to loans
2.08%Loss allowance to noncurrent loans
80.63%Noncurrent assets plus other real estate owned to assets
2.28%Noncurrent loans to loans
2.58%Net loans and leases to deposits
66.87%Net loans and leases to core deposits
70.15%Equity capital to assets
9.70%Core capital (leverage) ratio
8.51%Tier 1 risk-based capital ratio
14.37%Total risk-based capital ratio
Memoranda
$16Average assets
$704,539Average earning assets
$65,090Average equity
$624,062Average 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
$599,372Managed Assets
1Number of Accounts
$231,367Personal trust and agency accounts
$159,265Employee benefit-defined contribution accounts
$208Employee benefit-defined benefit accounts
$0Other retirement accounts
$7,456Corporate trust and agency accounts
$0Investment management agency accounts
$62,313Other fiduciary accounts
$2,125Fiduciary accounts held in foreign offices
$0Non-managed Assets
433Number of Accounts
$0Personal trust and agency accounts
$6,244Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$368,005Other retirement accounts
$1,180Corporate trust and agency accounts
$39,077Other fiduciary accounts
$17,413Fiduciary accounts held in foreign offices

List of branches

14 New Mexico Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	1490	First American Bank	303 W Main Street, Artesia, NM 88210	January 01, 1903	Full Service Brick and Mortar
1	192155	Drive-In Branch	Third Street And Quay Avenue, Artesia, NM 88210	November 24, 1959	Limited Service Facility
2	192156	Fletc Branch	1300 West Richey Avenue, Building #106, Artesia, NM 88210	April 24, 1995	Limited Service Facility
3	192157	Hobbs Branch	600 West Bender, Hobbs, NM 88240	October 15, 1996	Limited Service Facility
4	192158	Mesilla Branch	1553 Avenida De Mesilla, Suite 225, Las Cruces, NM 88005	April 09, 1998	Full Service Brick and Mortar
5	192159	Roswell Branch	111 East Fifth St., Roswell, NM 88201	July 31, 1998	Full Service Brick and Mortar
7	192161	East Lohman Branch	2145 East Lohman Avenue, Las Cruces, NM 88004	August 02, 1999	Full Service Brick and Mortar
8	192162	Roswell-Berrendo Branch	3220 N Main St, Roswell, NM 88201	January 26, 2000	Full Service Brick and Mortar
9	423200	Alamogordo Branch	1300 North White Sands Boulevard, Alamogordo, NM 88310	November 03, 2003	Full Service Brick and Mortar
10	439330	Lovington Branch	19 West Washington, Lovington, NM 88260	Febuary 22, 2005	Full Service Brick and Mortar
11	451456	Hobbs Branch	1220 Joe Harvey Boulevard, Hobbs, NM 88240	April 24, 2006	Full Service Brick and Mortar
12	493090	Chaparral Branch	324 Mccombs, Chaparral, NM 88081	January 20, 2009	Full Service Brick and Mortar
13	77668	Albuquerque Branch	8110 Ventura St., Ne, Albuquerque, NM 87122	August 16, 1999	Full Service Brick and Mortar
14	445196	Rio Rancho Branch	3002 Southern Blvd., Se, Rio Rancho, NM 87124	October 17, 2005	Full Service Brick and Mortar

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

First American Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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

First American Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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