Four Corners Community Bank in city_name, state_name - Detailed Financial Reports, Location

Four Corners Community Bank in Farmington, New Mexico (NM), CO
Show street view No street view available for this location

Four Corners Community Bank routing number info

Other nearby banks
The Citizens Bank
Vectra Bank Colorado, National Association
Grants State Bank
Los Alamos National Bank
Valley National Bank
High Desert State Bank

Four Corners Community Bank - Overview

General
FDIC Certificate #: 35441
Status: Active
Federal Reserve ID: 2855866
Date Established: March 01, 2000
WWW: http://www.thebankforme.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Domestic: 5, Interstate: Yes)
OTS Docket #: 52524
FDIC's unique #: 80040
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: March 01, 2000
Last Structure Change Effective Date: August 25, 2007
Last Structure Change Process Date: October 02, 2007
Last Data Update: October 02, 2007
Data Source Date: April 05, 2012
Location
Address: 500 W. Main Street, Suite 101, Farmington, NM 87401
County: San Juan
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): Farmington, NM (#22140)
CBSA Metro Statistical Area: Farmington, NM (#22140)
History of Changes
Participated in Absorption/Consolidation/Merger
Financial Summary
Total assets: $214.4 mil
Equity capital: $22.1 mil
Deposits held in domestic offices: $165.7 mil
Return on assets (ROA): 2.01% ($4.3 mil)
Quarterly return on assets: 2.56% ($5.5 mil)
Return on Equity (ROE): 20.76% ($4.6 mil)
Quarterly return on equity: 24.97% ($5.5 mil)
Net income: $4.2 mil
Quarterly Net income: $1.4 mil
Pretax return on assets: 2.01% ($4,308.6 mil)
Quarterly Pretax return on assets: 2.56% ($5,487.5 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, 2011)

Dollar figures in thousands
49Total employees (full-time equivalent)
$214,356Total assets
$23,872Cash and due from depository institutions
$16,030Interest-bearing balances
$65,684Securities
$0Federal funds sold & reverse repurchase agreements
$117,428Net loans & leases
$2,135Loan loss allowance
$0Trading account assets
$4,702Bank premises and fixed assets
$1,047Other real estate owned
$0Goodwill and other intangibles
$214,356Life insurance assets
$1,623All other assets
$192,231Total liabilities and capital
$165,723Total liabilities
$122,116Total deposits
$165,723Interest-bearing deposits
$79Deposits held in domestic offices
25902.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$178Trading liabilities
$0Other borrowed funds
$428Subordinated debt
$22,125All other liabilities
$22,125Total equity capital
$22,125Total bank equity capital
$0Perpetual preferred stock
$3,305Common stock
$6,731Surplus
$12,089Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,308Income earned, not collected on loans
$0Earning assets
$878Long-term assets (5+ years)
$199,142Average Assets, year-to-date
$71,842Average Assets, quarterly
$209,862Volatile liabilities
$213,491Insider loans
$125,925FHLB advances
$212,141Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$21,626Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$11,994Restructured Loans and leases
$427Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$9,904Total interest income
$1,547Total interest expense
$8,357Net interest income
$1,000Provision for loan and lease losses
$760Total noninterest income
$0Fiduciary activities
$355Service charges on deposit accounts
$0Trading account gains & fees
$405Additional noninterest income
$4,373Total noninterest expense
$2,234Salaries and employee benefits
$572Premises and equipment expense
$1,567Additional noninterest expense
$3,744Pre-tax net operating income
$482Securities gains (losses)
$0Applicable income taxes
$4,226Income before extraordinary items
$0Extraordinary gains - net
$4,226Net income attributable to bank
$0Net charge-offs
$4,226Cash dividends
$1,098Sale, conversion, retirement of capital stock, net
$1,771Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.03%Yield on earning assets
0.79%Cost of funding earning assets
4.25%Net interest margin
0.39%Noninterest income to earning assets
2.22%Noninterest expense to earning assets
1.78%Net operating income to assets
2.01%Return on assets (ROA)
2.01%Pretax return on assets
20.76%Return on equity (ROE)
12.06%Retained earnings to average equity (YTD only)
0.90%Net charge-offs to loans
91.07%Credit loss provision to net charge-offs
4.32%Efficiency ratio
47,965Assets per employee
4.37%Cash dividends to net income (YTD only)
Condition Ratios (%)
41.91%Loss allowance to loans
1.79%Loss allowance to noncurrent loans
163.23%Noncurrent assets plus other real estate owned to assets
1.10%Noncurrent loans to loans
1.09%Net loans and leases to deposits
70.86%Net loans and leases to core deposits
89.85%Equity capital to assets
10.32%Core capital (leverage) ratio
10.19%Tier 1 risk-based capital ratio
17.17%Total risk-based capital ratio
Memoranda
$18Average assets
$209,862Average earning assets
$20,355Average equity
$196,748Average loans

List of branches

1 Colorado Branch as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
4	17596	Cortez Branch	343 E. Main St., Cortez, CO 81321	November 01, 1984	Full Service Brick and Mortar

4 New Mexico Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	80040	Four Corners Community Bank	500 W. Main Street, Suite 101, Farmington, NM 87401	March 01, 2000	Full Service Brick and Mortar
1	359628	20th Street Branch	2811 E. 20th Street, Farmington, NM 87402	April 02, 2001	Full Service Brick and Mortar
2	438809	East Main Street Branch	5900 E. Main Street, Farmington, NM 87402	March 01, 2005	Full Service Brick and Mortar
3	451183	Aztec Branch	1301 W. Aztec Blvd., Aztec, NM 87410	May 08, 2006	Full Service Brick and Mortar

Four Corners Community Bank in Farmington, New Mexico (NM), CO
Overview, Financial Summary, Detailed Financial Reports, Branches

Four Corners Community Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Four Corners Community Bank in Farmington, New Mexico (NM), COOverview, Financial Summary, Detailed Financial Reports, Branches

Four Corners Community Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Four Corners Community Bank in Farmington, New Mexico (NM), CO
Overview, Financial Summary, Detailed Financial Reports, Branches