The Bank of the Southwest National Association - Overview
General
FDIC Certificate #: 24338 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Wells Fargo Bank West, National Association (#3011) Federal Reserve ID: 1830017 Date Established: January 19, 1983 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 3 (Interstate: No) OTS Docket #: 9561 FDIC's unique #: 16931 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 19, 1983 Last Structure Change Effective Date: August 10, 1998 Last Structure Change Process Date: August 25, 1998 Last Data Update: August 25, 1998 Data Source Date: April 05, 2012
Location
Address: 530 San Juan, Pagosa Springs, CO 81147 County: Archuleta Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Kansas City FDIC Field Office: Denver Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western
Financial Summary
Total assets: $83.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
43Total employees (full-time equivalent)
$83,086Total assets
$9,820Cash and due from depository institutions
$3,000Interest-bearing balances
$10,270Securities
$11,900Federal funds sold & reverse repurchase agreements
$47,361Net loans & leases
$1,169Loan loss allowance
$0Trading account assets
$2,065Bank premises and fixed assets
$4Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,666All other assets
$83,086Total liabilities and capital
$77,569Total liabilities
$75,810Total deposits
$64,015Interest-bearing deposits
$75,810Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,759All other liabilities
$5,517Total equity capital
$5,517Total bank equity capital
$5,517Perpetual preferred stock
$0Common stock
$550Surplus
$1,650Undivided profits
Memoranda
$3,317Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$390Average Assets, year-to-date
$72,531Average Assets, quarterly
$24,813Volatile liabilities
$78,139Insider loans
$83,574FHLB advances
$13,594Loans and leases held for sale
$313Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,923Total unused commitments
$0Restructured Loans and leases
$61,223Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$6,471Total interest income
$2,660Total interest expense
$3,811Net interest income
$911Provision for loan and lease losses
$817Total noninterest income
$0Fiduciary activities
$336Service charges on deposit accounts
$0Trading account gains & fees
$481Additional noninterest income
$5,050Total noninterest expense
$1,544Salaries and employee benefits
$503Premises and equipment expense
$3,003Additional noninterest expense
-$1,333Pre-tax net operating income
-$26Securities gains (losses)
-$629Applicable income taxes
-$730Income before extraordinary items
$0Extraordinary gains - net
-$730Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$30Sale, conversion, retirement of capital stock, net
$50Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.24%Yield on earning assets
3.80%Cost of funding earning assets
5.44%Net interest margin
1.17%Noninterest income to earning assets
7.21%Noninterest expense to earning assets
-0.91%Net operating income to assets
-0.93%Return on assets (ROA)
-1.74%Pretax return on assets
-13.99%Return on equity (ROE)
-14.94%Retained earnings to average equity (YTD only)
0.06%Net charge-offs to loans
3036.67%Credit loss provision to net charge-offs
-14.07%Efficiency ratio
109,118Assets per employee
1.93%Cash dividends to net income (YTD only)
Condition Ratios (%)
-6.85%Loss allowance to loans
2.41%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
62.47%Net loans and leases to core deposits
76.12%Equity capital to assets
6.64%Core capital (leverage) ratio
6.78%Tier 1 risk-based capital ratio
8.95%Total risk-based capital ratio
Memoranda
$10Average assets
$78,139Average earning assets
$5,220Average equity
$70,018Average loans
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