First National Bank of Clovis in Clovis, New Mexico (NM)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 2000

First National Bank of Clovis in Clovis, New Mexico (NM)
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First National Bank of Clovis - Overview

General
FDIC Certificate #: 2250
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: New Mexico Bank & Trust (#34726)
Federal Reserve ID: 786359
Date Established: November 27, 1906
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 4 (Interstate: No)
FDIC's unique #: 1497
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: January 01, 1934
Last Structure Change Effective Date: January 01, 2000
Last Structure Change Process Date: Febuary 09, 2000
Last Data Update: Febuary 09, 2000
Data Source Date: April 05, 2012
Location
Address: 709 Pile Street, Clovis, NM 88101
County: Curry
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
Combined Statistical Area (CSA): Clovis-Portales, NM (#188)
Core Based Statistical Area (CBSA): Clovis, NM (#17580)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $120.1 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, 1999)

Dollar figures in thousands
48Total employees (full-time equivalent)
$120,116Total assets
$9,837Cash and due from depository institutions
$0Interest-bearing balances
$16,805Securities
$23,130Federal funds sold & reverse repurchase agreements
$66,463Net loans & leases
$1,142Loan loss allowance
$0Trading account assets
$1,886Bank premises and fixed assets
$279Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,716All other assets
$120,116Total liabilities and capital
$109,081Total liabilities
$97,536Total deposits
$76,308Interest-bearing deposits
$97,536Deposits held in domestic offices
0.00%% insured (estimated)
$10,894Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$651All other liabilities
$11,035Total equity capital
$11,035Total bank equity capital
$11,035Perpetual preferred stock
$0Common stock
$2,050Surplus
$2,050Undivided profits
Memoranda
$6,935Noncurrent loans and leases
$7,476Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$548Earning assets
$0Long-term assets (5+ years)
$1,366Average Assets, year-to-date
$106,398Average Assets, quarterly
$3,797Volatile liabilities
$116,552Insider loans
$119,716FHLB advances
$25,129Loans and leases held for sale
$331Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$7,476Total unused commitments
$272Restructured Loans and leases
$959Derivatives

Income and Expense (December 31, 1999)

Dollar figures in thousands
$8,654Total interest income
$3,095Total interest expense
$5,559Net interest income
$1,222Provision for loan and lease losses
$406Total noninterest income
$1Fiduciary activities
$192Service charges on deposit accounts
$0Trading account gains & fees
$213Additional noninterest income
$2,774Total noninterest expense
$1,763Salaries and employee benefits
$356Premises and equipment expense
$655Additional noninterest expense
$1,969Pre-tax net operating income
$0Securities gains (losses)
$615Applicable income taxes
$1,354Income before extraordinary items
$0Extraordinary gains - net
$1,354Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,484Sale, conversion, retirement of capital stock, net
$564Net operating income

Performance and Condition Ratios (December 31, 1999)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.35%Yield on earning assets
2.98%Cost of funding earning assets
5.36%Net interest margin
0.39%Noninterest income to earning assets
2.68%Noninterest expense to earning assets
1.16%Net operating income to assets
1.16%Return on assets (ROA)
1.69%Pretax return on assets
12.71%Return on equity (ROE)
7.41%Retained earnings to average equity (YTD only)
2.12%Net charge-offs to loans
82.35%Credit loss provision to net charge-offs
2.15%Efficiency ratio
46,505Assets per employee
2.50%Cash dividends to net income (YTD only)
Condition Ratios (%)
41.65%Loss allowance to loans
1.69%Loss allowance to noncurrent loans
208.39%Noncurrent assets plus other real estate owned to assets
0.69%Noncurrent loans to loans
0.81%Net loans and leases to deposits
68.14%Net loans and leases to core deposits
79.79%Equity capital to assets
9.19%Core capital (leverage) ratio
9.00%Tier 1 risk-based capital ratio
14.45%Total risk-based capital ratio
Memoranda
$16Average assets
$116,552Average earning assets
$10,657Average equity
$103,694Average loans

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