FDIC Certificate #: 29702 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Washington Federal (#28088) Federal Reserve ID: 408576 Date Established: January 01, 1920 WWW:http://www.1stfedbank.com Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 3916 FDIC's unique #: 42536 Numeric code: 33 Regulator: OTS 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: September 15, 1936 Last Structure Change Effective Date: Febuary 13, 2007 Last Structure Change Process Date: Febuary 22, 2007 Last Data Update: Febuary 22, 2007 Data Source Date: April 05, 2012
Location
Address: 300 N Pennsylvania Ave, Roswell, NM 88201 County: Chaves 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): Roswell, NM (#40740) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $545.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
170Total employees (full-time equivalent)
$545,168Total assets
$62,181Cash and due from depository institutions
$44,400Interest-bearing balances
$45,960Securities
$0Federal funds sold & reverse repurchase agreements
$410,106Net loans & leases
$3,150Loan loss allowance
$0Trading account assets
$13,443Bank premises and fixed assets
$101Other real estate owned
$5,446Goodwill and other intangibles
$0Life insurance assets
$7,931All other assets
$545,168Total liabilities and capital
$485,593Total liabilities
$386,106Total deposits
$316,742Interest-bearing deposits
$386,106Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$95,826Other borrowed funds
$0Subordinated debt
$3,661All other liabilities
$59,575Total equity capital
$59,575Total bank equity capital
$59,575Perpetual preferred stock
$0Common stock
$409Surplus
$27,816Undivided profits
Memoranda
$31,350Noncurrent loans and leases
$73,467Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$878Earning assets
$0Long-term assets (5+ years)
$2,196Average Assets, year-to-date
$500,466Average Assets, quarterly
$0Volatile liabilities
$550,643Insider loans
$546,112FHLB advances
$245,960Loans and leases held for sale
$622Unused loan commitments
$95,657Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$73,467Total unused commitments
$272Restructured Loans and leases
$3,150Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$36,220Total interest income
$12,676Total interest expense
$23,544Net interest income
$390Provision for loan and lease losses
$3,012Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$3,012Additional noninterest income
$16,615Total noninterest expense
$10,494Salaries and employee benefits
$3,409Premises and equipment expense
$2,712Additional noninterest expense
$9,551Pre-tax net operating income
$423Securities gains (losses)
$4,084Applicable income taxes
$5,890Income before extraordinary items
$0Extraordinary gains - net
$5,890Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$886Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.14%Yield on earning assets
2.50%Cost of funding earning assets
4.64%Net interest margin
0.59%Noninterest income to earning assets
3.27%Noninterest expense to earning assets
1.02%Net operating income to assets
1.07%Return on assets (ROA)
1.81%Pretax return on assets
10.43%Return on equity (ROE)
10.43%Retained earnings to average equity (YTD only)
0.21%Net charge-offs to loans
44.02%Credit loss provision to net charge-offs
11.22%Efficiency ratio
60,932Assets per employee
3.21%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.76%Loss allowance to noncurrent loans
358.77%Noncurrent assets plus other real estate owned to assets
0.18%Noncurrent loans to loans
0.21%Net loans and leases to deposits
106.22%Net loans and leases to core deposits
173.79%Equity capital to assets
10.93%Core capital (leverage) ratio
10.02%Tier 1 risk-based capital ratio
15.06%Total risk-based capital ratio
Memoranda
$16Average assets
$550,643Average earning assets
$56,446Average equity
$507,388Average loans
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