The First National Bank of Belen in Belen, New Mexico (NM)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 10, 1995

The First National Bank of Belen in Belen, New Mexico (NM)
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The First National Bank of Belen - Overview

General
FDIC Certificate #: 2235
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wells Fargo Bank New Mexico, National Association (#2252)
Federal Reserve ID: 435853
Date Established: January 28, 1903
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 6 (Interstate: No)
FDIC's unique #: 1486
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: March 10, 1995
Last Structure Change Process Date: March 22, 1995
Last Data Update: March 22, 1995
Data Source Date: April 05, 2012
Location
Address: 101 South Main Street, Belen, NM 87002
County: Valencia
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
Metropolitan Statistical Area (MSA): Albuquerque, NM (#200)
Core Based Statistical Area (CBSA): Albuquerque, NM (#10740)
CBSA Metro Statistical Area: Albuquerque, NM (#10740)
Financial Summary
Total assets: $216.8 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$115Total assets
$216,808Cash and due from depository institutions
$7,623Interest-bearing balances
$0Securities
$84,170Federal funds sold & reverse repurchase agreements
$45,000Net loans & leases
$71,145Loan loss allowance
$3,317Trading account assets
$0Bank premises and fixed assets
$1,619Other real estate owned
$489Goodwill and other intangibles
$6,762Life insurance assets
$0All other assets
$0Total liabilities and capital
$216,808Total liabilities
$202,432Total deposits
$199,362Interest-bearing deposits
$168,685Deposits held in domestic offices
199362.00%% insured (estimated)
$88Federal funds purchased & repurchase agreements
$360Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$2,710Total equity capital
$2,710Total bank equity capital
$14,376Perpetual preferred stock
$0Common stock
$1,000Surplus
$3,000Undivided profits
Memoranda
$10,376Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,266Income earned, not collected on loans
$523Earning assets
$200,315Long-term assets (5+ years)
$47,516Average Assets, year-to-date
$215,537Average Assets, quarterly
$217,346Volatile liabilities
$11,227Insider loans
$732FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$4,077Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$14,239Total risk weighted assets
$95,962Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$15,243Total interest expense
$5,476Net interest income
$9,767Provision for loan and lease losses
$0Total noninterest income
$2,076Fiduciary activities
$0Service charges on deposit accounts
$1,426Trading account gains & fees
$0Additional noninterest income
$650Total noninterest expense
$13,869Salaries and employee benefits
$3,629Premises and equipment expense
$1,606Additional noninterest expense
$8,634Pre-tax net operating income
-$2,026Securities gains (losses)
-$2,858Applicable income taxes
-$1,948Income before extraordinary items
-$2,936Extraordinary gains - net
$0Net income attributable to bank
-$2,936Net charge-offs
-$1,169Cash dividends
$1,050Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.66%Cost of funding earning assets
2.75%Net interest margin
4.91%Noninterest income to earning assets
1.04%Noninterest expense to earning assets
6.97%Net operating income to assets
-0.51%Return on assets (ROA)
-1.36%Pretax return on assets
-2.27%Return on equity (ROE)
-16.32%Retained earnings to average equity (YTD only)
-22.16%Net charge-offs to loans
-1.48%Credit loss provision to net charge-offs
0.00%Efficiency ratio
117,107Assets per employee
1.89%Cash dividends to net income (YTD only)
Condition Ratios (%)
-35.76%Loss allowance to loans
4.45%Loss allowance to noncurrent loans
262.01%Noncurrent assets plus other real estate owned to assets
0.81%Noncurrent loans to loans
1.70%Net loans and leases to deposits
35.69%Net loans and leases to core deposits
37.74%Equity capital to assets
6.63%Core capital (leverage) ratio
6.46%Tier 1 risk-based capital ratio
14.84%Total risk-based capital ratio
Memoranda
$16Average assets
$215,537Average earning assets
$17,987Average equity
$199,024Average loans

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