First Bank of Grants, National Association - Overview
General
FDIC Certificate #: 17894 Status: Inactive Closing history: Consolidated - Without Assistance Acquiring institution:Wells Fargo Bank New Mexico, National Association (#2252) Federal Reserve ID: 761655 Date Established: August 01, 1958 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 2 (Interstate: No) FDIC's unique #: 11833 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: August 01, 1958 Last Structure Change Effective Date: Febuary 20, 1999 Last Structure Change Process Date: March 11, 1999 Last Data Update: March 11, 1999 Data Source Date: April 05, 2012
Location
Address: 201 North First Street, Grants, NM 87020 County: Cibola Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: San Francisco FDIC Field Office: Albuquerque Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: West Core Based Statistical Area (CBSA): Grants, NM (#24380) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $43.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
27Total employees (full-time equivalent)
$43,632Total assets
$4,285Cash and due from depository institutions
$0Interest-bearing balances
$4,925Securities
$18,500Federal funds sold & reverse repurchase agreements
$14,937Net loans & leases
$359Loan loss allowance
$0Trading account assets
$275Bank premises and fixed assets
$178Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$532All other assets
$43,632Total liabilities and capital
$40,222Total liabilities
$39,767Total deposits
$32,496Interest-bearing deposits
$39,767Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$455All other liabilities
$3,410Total equity capital
$3,410Total bank equity capital
$3,410Perpetual preferred stock
$0Common stock
$270Surplus
$1,730Undivided profits
Memoranda
$1,410Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$185Earning assets
$0Long-term assets (5+ years)
$113Average Assets, year-to-date
$38,362Average Assets, quarterly
$1,872Volatile liabilities
$44,393Insider loans
$42,475FHLB advances
$3,154Loans and leases held for sale
$25Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$474Total unused commitments
$0Restructured Loans and leases
$18,830Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$3,003Total interest income
$1,204Total interest expense
$1,799Net interest income
$177Provision for loan and lease losses
$410Total noninterest income
$0Fiduciary activities
$271Service charges on deposit accounts
$0Trading account gains & fees
$139Additional noninterest income
$2,311Total noninterest expense
$786Salaries and employee benefits
$188Premises and equipment expense
$1,337Additional noninterest expense
-$279Pre-tax net operating income
$0Securities gains (losses)
-$104Applicable income taxes
-$185Income before extraordinary items
$0Extraordinary gains - net
-$185Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$178Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.62%Yield on earning assets
3.06%Cost of funding earning assets
4.57%Net interest margin
1.04%Noninterest income to earning assets
5.87%Noninterest expense to earning assets
-0.42%Net operating income to assets
-0.42%Return on assets (ROA)
-0.65%Pretax return on assets
-5.45%Return on equity (ROE)
-5.45%Retained earnings to average equity (YTD only)
0.97%Net charge-offs to loans
99.44%Credit loss provision to net charge-offs
-0.57%Efficiency ratio
104,617Assets per employee
1.62%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.35%Loss allowance to noncurrent loans
194.05%Noncurrent assets plus other real estate owned to assets
0.83%Noncurrent loans to loans
1.21%Net loans and leases to deposits
37.56%Net loans and leases to core deposits
40.80%Equity capital to assets
7.82%Core capital (leverage) ratio
7.90%Tier 1 risk-based capital ratio
18.00%Total risk-based capital ratio
Memoranda
$19Average assets
$44,393Average earning assets
$3,396Average equity
$39,403Average loans
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