The First National Bank of Farmington in city_name, state_name

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

General
FDIC Certificate #: 2236
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wells Fargo Bank New Mexico, National Association (#2252)
Federal Reserve ID: 968052
Date Established: January 01, 1902
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 10 (Interstate: No)
OTS Docket #: 9748
FDIC's unique #: 1487
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 18, 2000
Last Structure Change Process Date: May 04, 2000
Last Data Update: May 04, 2000
Data Source Date: April 05, 2012
Location
Address: 100 East Broadway, Farmington, NM 87401
County: San Juan
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: San Francisco
FDIC Field Office: Albuquerque
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Core Based Statistical Area (CBSA): Farmington, NM (#22140)
CBSA Metro Statistical Area: Farmington, NM (#22140)
Financial Summary
Total assets: $572.3 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 1999)

Dollar figures in thousands
170Total employees (full-time equivalent)
$572,318Total assets
$29,712Cash and due from depository institutions
$1,082Interest-bearing balances
$239,049Securities
$1,798Federal funds sold & reverse repurchase agreements
$275,552Net loans & leases
$6,045Loan loss allowance
$0Trading account assets
$5,967Bank premises and fixed assets
$303Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$19,937All other assets
$572,318Total liabilities and capital
$527,301Total liabilities
$378,823Total deposits
$350,586Interest-bearing deposits
$378,823Deposits held in domestic offices
0.00%% insured (estimated)
$96,423Federal funds purchased & repurchase agreements
$0Trading liabilities
$46,746Other borrowed funds
$0Subordinated debt
$5,309All other liabilities
$45,017Total equity capital
$45,017Total bank equity capital
$45,017Perpetual preferred stock
$0Common stock
$6,000Surplus
$6,000Undivided profits
Memoranda
$33,017Noncurrent loans and leases
$80,769Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,828Earning assets
$0Long-term assets (5+ years)
$1,853Average Assets, year-to-date
$517,481Average Assets, quarterly
$172,937Volatile liabilities
$654,774Insider loans
$602,139FHLB advances
$198,314Loans and leases held for sale
$6,277Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$165Total risk weighted assets
$80,769Total unused commitments
$3,038Restructured Loans and leases
$4,478Derivatives

Income and Expense (December 31, 1999)

Dollar figures in thousands
$43,059Total interest income
$21,406Total interest expense
$21,653Net interest income
-$800Provision for loan and lease losses
$4,804Total noninterest income
$348Fiduciary activities
$2,642Service charges on deposit accounts
$0Trading account gains & fees
$1,814Additional noninterest income
$15,283Total noninterest expense
$6,192Salaries and employee benefits
$1,534Premises and equipment expense
$7,557Additional noninterest expense
$11,974Pre-tax net operating income
$4Securities gains (losses)
$3,101Applicable income taxes
$8,877Income before extraordinary items
$0Extraordinary gains - net
$8,877Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$296Sale, conversion, retirement of capital stock, net
$13,500Net operating income

Performance and Condition Ratios (December 31, 1999)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.60%Yield on earning assets
3.78%Cost of funding earning assets
3.82%Net interest margin
0.85%Noninterest income to earning assets
2.70%Noninterest expense to earning assets
1.36%Net operating income to assets
1.36%Return on assets (ROA)
1.83%Pretax return on assets
16.87%Return on equity (ROE)
-8.78%Retained earnings to average equity (YTD only)
0.10%Net charge-offs to loans
-270.27%Credit loss provision to net charge-offs
37.75%Efficiency ratio
57,765Assets per employee
3.37%Cash dividends to net income (YTD only)
Condition Ratios (%)
152.08%Loss allowance to loans
2.15%Loss allowance to noncurrent loans
330.69%Noncurrent assets plus other real estate owned to assets
0.37%Noncurrent loans to loans
0.65%Net loans and leases to deposits
72.74%Net loans and leases to core deposits
98.23%Equity capital to assets
7.87%Core capital (leverage) ratio
7.98%Tier 1 risk-based capital ratio
13.69%Total risk-based capital ratio
Memoranda
$15Average assets
$654,774Average earning assets
$52,631Average equity
$566,860Average loans

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

The First National Bank of Farmington - Overview

Assets and Liabilities (December 31, 1999)

Income and Expense (December 31, 1999)

Performance and Condition Ratios (December 31, 1999)

Comment about this bank, ask questions, or add new information about it:

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

The First National Bank of Farmington - Overview

Assets and Liabilities (December 31, 1999)

Income and Expense (December 31, 1999)

Performance and Condition Ratios (December 31, 1999)

Comment about this bank, ask questions, or add new information about it:

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