FDIC Certificate #: 26491 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First National Bank (#17643) Federal Reserve ID: 485353 Date Established: December 16, 1985 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 #: 33159 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: December 16, 1985 Last Structure Change Effective Date: July 07, 2011 Last Structure Change Process Date: July 14, 2011 Last Data Update: July 14, 2011 Data Source Date: April 05, 2012
Location
Address: 451 Sudderth Drive, Ruidoso, NM 88345 County: Lincoln 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): Ruidoso, NM (#40760) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $52.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2010)
Dollar figures in thousands
19Total employees (full-time equivalent)
$58,281Total assets
$11,628Cash and due from depository institutions
$10,169Interest-bearing balances
$16,380Securities
$0Federal funds sold & reverse repurchase agreements
$27,874Net loans & leases
$480Loan loss allowance
$0Trading account assets
$1,572Bank premises and fixed assets
$18Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$809All other assets
$58,281Total liabilities and capital
$52,082Total liabilities
$49,320Total deposits
$38,061Interest-bearing deposits
$49,320Deposits held in domestic offices
79.35%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,572Other borrowed funds
$0Subordinated debt
$190All other liabilities
$6,199Total equity capital
$6,199Total bank equity capital
$6,199Perpetual preferred stock
$0Common stock
$700Surplus
$700Undivided profits
Memoranda
$4,799Noncurrent loans and leases
$2,918Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$716Earning assets
$0Long-term assets (5+ years)
$106Average Assets, year-to-date
$54,423Average Assets, quarterly
$16,318Volatile liabilities
$54,473Insider loans
$56,189FHLB advances
$10,664Loans and leases held for sale
$0Unused loan commitments
$2,572Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,918Total unused commitments
$0Restructured Loans and leases
$434Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$2,661Total interest income
$332Total interest expense
$2,329Net interest income
$205Provision for loan and lease losses
$472Total noninterest income
$0Fiduciary activities
$309Service charges on deposit accounts
$0Trading account gains & fees
$163Additional noninterest income
$2,103Total noninterest expense
$910Salaries and employee benefits
$233Premises and equipment expense
$960Additional noninterest expense
$493Pre-tax net operating income
$26Securities gains (losses)
$0Applicable income taxes
$519Income before extraordinary items
$0Extraordinary gains - net
$519Net income attributable to bank
$0Net charge-offs
$519Cash dividends
$103Sale, conversion, retirement of capital stock, net
$408Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.29%Yield on earning assets
0.66%Cost of funding earning assets
4.63%Net interest margin
0.94%Noninterest income to earning assets
4.18%Noninterest expense to earning assets
0.91%Net operating income to assets
0.95%Return on assets (ROA)
0.95%Pretax return on assets
8.12%Return on equity (ROE)
1.74%Retained earnings to average equity (YTD only)
0.35%Net charge-offs to loans
199.03%Credit loss provision to net charge-offs
6.78%Efficiency ratio
75,080Assets per employee
3.07%Cash dividends to net income (YTD only)
Condition Ratios (%)
78.61%Loss allowance to loans
1.69%Loss allowance to noncurrent loans
67.04%Noncurrent assets plus other real estate owned to assets
1.26%Noncurrent loans to loans
2.53%Net loans and leases to deposits
56.52%Net loans and leases to core deposits
69.85%Equity capital to assets
10.64%Core capital (leverage) ratio
11.03%Tier 1 risk-based capital ratio
18.21%Total risk-based capital ratio
Memoranda
$19Average assets
$54,473Average earning assets
$6,395Average equity
$50,259Average loans
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