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

This bank is inactive as of August 15, 1997

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

General
FDIC Certificate #: 22709
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: SUNWEST Bank of Albuquerque, National Association (#2234)
Federal Reserve ID: 831558
Date Established: September 05, 1978
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 2 (Interstate: No)
FDIC's unique #: 15851
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: September 05, 1978
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: 325 East Bender, Hobbs, NM 88240
County: Lea
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): Hobbs, NM (#26020)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $88.2 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)
$37Total assets
$78,119Cash and due from depository institutions
$3,864Interest-bearing balances
$0Securities
$37,526Federal funds sold & reverse repurchase agreements
$7,045Net loans & leases
$26,875Loan loss allowance
$837Trading account assets
$0Bank premises and fixed assets
$1,840Other real estate owned
$0Goodwill and other intangibles
$969Life insurance assets
$0All other assets
$0Total liabilities and capital
$78,119Total liabilities
$71,611Total deposits
$70,721Interest-bearing deposits
$58,846Deposits held in domestic offices
70721.00%% insured (estimated)
$98Federal funds purchased & repurchase agreements
$479Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$411Total equity capital
$411Total bank equity capital
$6,508Perpetual preferred stock
$0Common stock
$2,000Surplus
$2,000Undivided profits
Memoranda
$2,508Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$172Income earned, not collected on loans
$193Earning assets
$71,446Long-term assets (5+ years)
$21,172Average Assets, year-to-date
$78,573Average Assets, quarterly
$78,732Volatile liabilities
$5,343Insider loans
$961FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,101Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$6,562Total risk weighted assets
$33,208Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$5,556Total interest expense
$2,456Net interest income
$3,100Provision for loan and lease losses
$0Total noninterest income
$931Fiduciary activities
$0Service charges on deposit accounts
$798Trading account gains & fees
$0Additional noninterest income
$133Total noninterest expense
$2,296Salaries and employee benefits
$1,075Premises and equipment expense
$304Additional noninterest expense
$917Pre-tax net operating income
$1,735Securities gains (losses)
$1Applicable income taxes
$625Income before extraordinary items
$1,111Extraordinary gains - net
$0Net income attributable to bank
$1,111Net charge-offs
$50Cash dividends
$940Sale, 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
7.66%Cost of funding earning assets
3.39%Net interest margin
4.27%Noninterest income to earning assets
1.28%Noninterest expense to earning assets
3.17%Net operating income to assets
1.41%Return on assets (ROA)
1.41%Pretax return on assets
2.21%Return on equity (ROE)
17.46%Retained earnings to average equity (YTD only)
2.69%Net charge-offs to loans
0.17%Credit loss provision to net charge-offs
0.00%Efficiency ratio
56,959Assets per employee
2.11%Cash dividends to net income (YTD only)
Condition Ratios (%)
84.61%Loss allowance to loans
3.02%Loss allowance to noncurrent loans
486.63%Noncurrent assets plus other real estate owned to assets
0.22%Noncurrent loans to loans
0.62%Net loans and leases to deposits
38.00%Net loans and leases to core deposits
40.81%Equity capital to assets
8.33%Core capital (leverage) ratio
8.27%Tier 1 risk-based capital ratio
19.76%Total risk-based capital ratio
Memoranda
$21Average assets
$78,573Average earning assets
$6,362Average equity
$72,527Average loans

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