FDIC Certificate #: 17314 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:State National Bank (#21724) Federal Reserve ID: 357058 Date Established: December 01, 1953 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) FDIC's unique #: 11327 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: April 01, 1954 Last Structure Change Effective Date: May 18, 2001 Last Structure Change Process Date: June 12, 2001 Last Data Update: June 12, 2001 Data Source Date: April 05, 2012
Location
Address: Highway 70, 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: $119.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
45Total employees (full-time equivalent)
$108,764Total assets
$5,069Cash and due from depository institutions
$0Interest-bearing balances
$27,283Securities
$25,915Federal funds sold & reverse repurchase agreements
$47,240Net loans & leases
$531Loan loss allowance
$0Trading account assets
$1,712Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,545All other assets
$108,764Total liabilities and capital
$100,800Total liabilities
$100,216Total deposits
$85,374Interest-bearing deposits
$100,216Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$584All other liabilities
$7,964Total equity capital
$7,964Total bank equity capital
$7,964Perpetual preferred stock
$0Common stock
$1,500Surplus
$2,213Undivided profits
Memoranda
$4,251Noncurrent loans and leases
$6,018Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$662Earning assets
$0Long-term assets (5+ years)
$442Average Assets, year-to-date
$100,438Average Assets, quarterly
$3,459Volatile liabilities
$112,774Insider loans
$113,226FHLB advances
$28,487Loans and leases held for sale
$570Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,018Total unused commitments
$64Restructured Loans and leases
$531Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$7,890Total interest income
$3,103Total interest expense
$4,787Net interest income
$83Provision for loan and lease losses
$940Total noninterest income
$0Fiduciary activities
$440Service charges on deposit accounts
$0Trading account gains & fees
$500Additional noninterest income
$3,380Total noninterest expense
$1,577Salaries and employee benefits
$559Premises and equipment expense
$1,244Additional noninterest expense
$2,264Pre-tax net operating income
$0Securities gains (losses)
$699Applicable income taxes
$1,565Income before extraordinary items
$0Extraordinary gains - net
$1,565Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$50Sale, conversion, retirement of capital stock, net
$641Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.63%Yield on earning assets
3.00%Cost of funding earning assets
4.63%Net interest margin
0.91%Noninterest income to earning assets
3.27%Noninterest expense to earning assets
1.39%Net operating income to assets
1.39%Return on assets (ROA)
2.01%Pretax return on assets
20.90%Return on equity (ROE)
12.34%Retained earnings to average equity (YTD only)
0.10%Net charge-offs to loans
166.00%Credit loss provision to net charge-offs
46.94%Efficiency ratio
59,019Assets per employee
2.42%Cash dividends to net income (YTD only)
Condition Ratios (%)
40.96%Loss allowance to loans
1.11%Loss allowance to noncurrent loans
80.21%Noncurrent assets plus other real estate owned to assets
0.61%Noncurrent loans to loans
1.39%Net loans and leases to deposits
47.14%Net loans and leases to core deposits
65.86%Equity capital to assets
7.32%Core capital (leverage) ratio
7.09%Tier 1 risk-based capital ratio
14.11%Total risk-based capital ratio
Memoranda
$15Average assets
$112,774Average earning assets
$7,487Average equity
$103,430Average loans
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