SUNWEST Bank of Albuquerque, National Association in Albuquerque, New Mexico (NM)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 15, 1997

  • SUNWEST Bank of Albuquerque, National Association in Albuquerque, New Mexico (NM)
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SUNWEST Bank of Albuquerque, National Association - Overview

  • General
  • FDIC Certificate #: 2234
    Status: Inactive
    Closing history: Participated in Absorption/Consolidation/Merger
    Acquiring institution: Bank of America, National Association (#15802)
    Federal Reserve ID: 404756
    Date Established: January 21, 1924
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 35 (Interstate: No)
    FDIC's unique #: 1485
    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: August 15, 1997
    Last Structure Change Process Date: September 03, 1997
    Last Data Update: September 03, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 303 Roma Avenue, N.W., Albuquerque, NM 87103
    County: Bernalillo
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Albuquerque
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Albuquerque, NM (#200)
    Core Based Statistical Area (CBSA): Albuquerque, NM (#10740)
    CBSA Metro Statistical Area: Albuquerque, NM (#10740)
  • History of Changes
  • Merger - Without Assistance
    Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $3,221.6 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $846Total assets
  • $2,240,707Cash and due from depository institutions
  • $127,610Interest-bearing balances
  • $0Securities
  • $891,328Federal funds sold & reverse repurchase agreements
  • $273,050Net loans & leases
  • $873,572Loan loss allowance
  • $24,362Trading account assets
  • $0Bank premises and fixed assets
  • $37,049Other real estate owned
  • $3,662Goodwill and other intangibles
  • $34,436Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $2,240,707Total liabilities
  • $2,065,051Total deposits
  • $1,644,480Interest-bearing deposits
  • $1,293,481Deposits held in domestic offices
  • 1644480.00%% insured (estimated)
  • $32Federal funds purchased & repurchase agreements
  • $406,531Trading liabilities
  • $0Other borrowed funds
  • $945Subordinated debt
  • $0All other liabilities
  • $13,095Total equity capital
  • $13,095Total bank equity capital
  • $175,656Perpetual preferred stock
  • $0Common stock
  • $50,000Surplus
  • $52,500Undivided profits
  • Memoranda
  • $73,156Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,721Income earned, not collected on loans
  • $6,035Earning assets
  • $2,037,950Long-term assets (5+ years)
  • $470,599Average Assets, year-to-date
  • $2,217,086Average Assets, quarterly
  • $2,237,703Volatile liabilities
  • $478,627Insider loans
  • $7,185FHLB advances
  • $0Loans and leases held for sale
  • $2,475Unused loan commitments
  • $285,559Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $176,793Total risk weighted assets
  • $1,205,539Total unused commitments
  • $0Restructured Loans and leases
  • $500,000Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $159,123Total interest expense
  • $69,266Net interest income
  • $89,857Provision for loan and lease losses
  • -$6,300Total noninterest income
  • $39,604Fiduciary activities
  • $7,267Service charges on deposit accounts
  • $11,494Trading account gains & fees
  • $0Additional noninterest income
  • $20,843Total noninterest expense
  • $65,537Salaries and employee benefits
  • $28,082Premises and equipment expense
  • $6,379Additional noninterest expense
  • $31,076Pre-tax net operating income
  • $70,224Securities gains (losses)
  • $45Applicable income taxes
  • $25,958Income before extraordinary items
  • $44,311Extraordinary gains - net
  • $0Net income attributable to bank
  • $44,311Net charge-offs
  • -$260Cash dividends
  • $42,170Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.86%Cost of funding earning assets
  • 3.42%Net interest margin
  • 4.44%Noninterest income to earning assets
  • 1.96%Noninterest expense to earning assets
  • 3.24%Net operating income to assets
  • 2.00%Return on assets (ROA)
  • 2.00%Pretax return on assets
  • 3.17%Return on equity (ROE)
  • 25.25%Retained earnings to average equity (YTD only)
  • 1.22%Net charge-offs to loans
  • -0.03%Credit loss provision to net charge-offs
  • 2423.08%Efficiency ratio
  • 50,623Assets per employee
  • 2.65%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 95.17%Loss allowance to loans
  • 2.71%Loss allowance to noncurrent loans
  • 654.72%Noncurrent assets plus other real estate owned to assets
  • 0.33%Noncurrent loans to loans
  • 0.41%Net loans and leases to deposits
  • 53.12%Net loans and leases to core deposits
  • 55.52%Equity capital to assets
  • 7.84%Core capital (leverage) ratio
  • 7.80%Tier 1 risk-based capital ratio
  • 14.67%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $2,217,086Average earning assets
  • $175,457Average equity
  • $2,023,345Average loans

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