SUNWEST Bank of Grant County in Silver City, New Mexico (NM)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 15, 1997

SUNWEST Bank of Grant County in Silver City, New Mexico (NM)
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SUNWEST Bank of Grant County - Overview

General
FDIC Certificate #: 16505
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: SUNWEST Bank of Albuquerque, National Association (#2234)
Federal Reserve ID: 1009251
Date Established: November 06, 1946
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 2 (Interstate: No)
FDIC's unique #: 10663
Numeric code: 13
Regulator: FED
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: November 06, 1946
Last Structure Change Effective Date: August 15, 1997
Last Structure Change Process Date: September 02, 1997
Last Data Update: September 02, 1997
Data Source Date: April 05, 2012
Location
Address: 12th And Hudson Streets, Silver City, NM 88061
County: Grant
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
Core Based Statistical Area (CBSA): Silver City, NM (#43500)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $129.9 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)
$52Total assets
$105,682Cash and due from depository institutions
$2,369Interest-bearing balances
$0Securities
$57,532Federal funds sold & reverse repurchase agreements
$5,700Net loans & leases
$37,536Loan loss allowance
$942Trading account assets
$0Bank premises and fixed assets
$1,523Other real estate owned
$0Goodwill and other intangibles
$1,022Life insurance assets
$0All other assets
$0Total liabilities and capital
$105,682Total liabilities
$97,295Total deposits
$87,401Interest-bearing deposits
$77,464Deposits held in domestic offices
87401.00%% insured (estimated)
$92Federal funds purchased & repurchase agreements
$9,026Trading liabilities
$0Other borrowed funds
$180Subordinated debt
$0All other liabilities
$688Total equity capital
$688Total bank equity capital
$8,387Perpetual preferred stock
$0Common stock
$2,300Surplus
$2,300Undivided profits
Memoranda
$3,787Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$356Income earned, not collected on loans
$236Earning assets
$100,768Long-term assets (5+ years)
$26,492Average Assets, year-to-date
$106,264Average Assets, quarterly
$106,328Volatile liabilities
$14,217Insider loans
$837FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$4,043Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$8,292Total risk weighted assets
$45,145Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$8,165Total interest expense
$3,387Net interest income
$4,778Provision for loan and lease losses
$120Total noninterest income
$947Fiduciary activities
$0Service charges on deposit accounts
$572Trading account gains & fees
$0Additional noninterest income
$375Total noninterest expense
$2,703Salaries and employee benefits
$1,413Premises and equipment expense
$290Additional noninterest expense
$1,000Pre-tax net operating income
$2,902Securities gains (losses)
$0Applicable income taxes
$1,074Income before extraordinary items
$1,828Extraordinary gains - net
$0Net income attributable to bank
$1,828Net charge-offs
$92Cash dividends
$1,500Sale, 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
8.11%Cost of funding earning assets
3.36%Net interest margin
4.74%Noninterest income to earning assets
0.94%Noninterest expense to earning assets
2.68%Net operating income to assets
1.72%Return on assets (ROA)
1.72%Pretax return on assets
2.73%Return on equity (ROE)
22.44%Retained earnings to average equity (YTD only)
4.03%Net charge-offs to loans
0.23%Credit loss provision to net charge-offs
130.43%Efficiency ratio
47,214Assets per employee
2.03%Cash dividends to net income (YTD only)
Condition Ratios (%)
82.06%Loss allowance to loans
2.45%Loss allowance to noncurrent loans
264.61%Noncurrent assets plus other real estate owned to assets
0.34%Noncurrent loans to loans
0.93%Net loans and leases to deposits
42.95%Net loans and leases to core deposits
45.56%Equity capital to assets
7.94%Core capital (leverage) ratio
7.62%Tier 1 risk-based capital ratio
18.37%Total risk-based capital ratio
Memoranda
$20Average assets
$106,264Average earning assets
$8,145Average equity
$100,712Average loans

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