First Security Bank of Southern New Mexico, National Association
First Security Bank of Southern New Mexico, National Association in Las Cruces, New Mexico (NM) Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of November 05, 1999
First Security Bank of Southern New Mexico, National Association in Las Cruces, New Mexico (NM)
First Security Bank of Southern New Mexico, National Association - Overview
General
FDIC Certificate #: 2248 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Security Bank of New Mexico, National Association (#2233) Federal Reserve ID: 652856 Date Established: April 25, 1905 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 13 (Interstate: No) OTS Docket #: 11302 FDIC's unique #: 1495 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: November 05, 1999 Last Structure Change Process Date: November 12, 1999 Last Data Update: November 12, 1999 Data Source Date: April 05, 2012
Location
Address: 500 South Main Street, Las Cruces, NM 88004 County: Dona Ana 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 Metropolitan Statistical Area (MSA): Las Cruces, NM (#4100) Core Based Statistical Area (CBSA): Las Cruces, NM (#29740) CBSA Metro Statistical Area: Las Cruces, NM (#29740)
Financial Summary
Total assets: $442.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
204Total employees (full-time equivalent)
$455,979Total assets
$26,624Cash and due from depository institutions
$0Interest-bearing balances
$94,897Securities
$34,700Federal funds sold & reverse repurchase agreements
$233,450Net loans & leases
$2,927Loan loss allowance
$0Trading account assets
$10,923Bank premises and fixed assets
$322Other real estate owned
$38,066Goodwill and other intangibles
$0Life insurance assets
$16,997All other assets
$455,979Total liabilities and capital
$370,449Total liabilities
$340,330Total deposits
$253,880Interest-bearing deposits
$340,330Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$18,602Other borrowed funds
$0Subordinated debt
$11,517All other liabilities
$85,530Total equity capital
$85,530Total bank equity capital
$85,530Perpetual preferred stock
$0Common stock
$1,000Surplus
$80,745Undivided profits
Memoranda
$3,785Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,769Earning assets
$273Long-term assets (5+ years)
$2,100Average Assets, year-to-date
$363,047Average Assets, quarterly
$123,425Volatile liabilities
$445,308Insider loans
$449,660FHLB advances
$35,703Loans and leases held for sale
$8,108Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$482Total risk weighted assets
$23,982Total unused commitments
$0Restructured Loans and leases
$258,060Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$27,357Total interest income
$9,880Total interest expense
$17,477Net interest income
$832Provision for loan and lease losses
$4,154Total noninterest income
$624Fiduciary activities
$1,730Service charges on deposit accounts
$0Trading account gains & fees
$1,800Additional noninterest income
$15,750Total noninterest expense
$8,818Salaries and employee benefits
$1,897Premises and equipment expense
$5,035Additional noninterest expense
$5,049Pre-tax net operating income
$21Securities gains (losses)
$1,611Applicable income taxes
$3,459Income before extraordinary items
$0Extraordinary gains - net
$3,459Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$832Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.50%Yield on earning assets
2.71%Cost of funding earning assets
4.79%Net interest margin
1.14%Noninterest income to earning assets
4.32%Noninterest expense to earning assets
0.77%Net operating income to assets
0.78%Return on assets (ROA)
1.14%Pretax return on assets
4.54%Return on equity (ROE)
4.54%Retained earnings to average equity (YTD only)
0.33%Net charge-offs to loans
100.00%Credit loss provision to net charge-offs
7.07%Efficiency ratio
62,443Assets per employee
2.24%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.24%Loss allowance to noncurrent loans
165.46%Noncurrent assets plus other real estate owned to assets
0.46%Noncurrent loans to loans
0.75%Net loans and leases to deposits
68.60%Net loans and leases to core deposits
75.85%Equity capital to assets
18.76%Core capital (leverage) ratio
11.53%Tier 1 risk-based capital ratio
18.27%Total risk-based capital ratio
Memoranda
$19Average assets
$445,308Average earning assets
$76,220Average equity
$364,818Average loans
Comment about this bank, ask questions, or add new information about it:
First Security Bank of Southern New Mexico, National Association
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First Security Bank of Southern New Mexico, National Association.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: