United New Mexico Bank in Gallup, New Mexico (NM)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 03, 1994

United New Mexico Bank in Gallup, New Mexico (NM)
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United New Mexico Bank - Overview

General
FDIC Certificate #: 13441
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wells Fargo Bank New Mexico, National Association (#2252)
Federal Reserve ID: 755654
Date Established: January 06, 1934
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
FDIC's unique #: 8463
Numeric code: 21
Regulator: FDIC
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: January 06, 1934
Last Structure Change Effective Date: October 03, 1994
Last Structure Change Process Date: October 19, 1994
Last Data Update: October 19, 1994
Data Source Date: April 05, 2012
Location
Address: 300 West Aztec Avenue, Gallup, NM 87301
County: Mckinley
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
Core Based Statistical Area (CBSA): Gallup, NM (#23700)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $66.5 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$36Total assets
$63,565Cash and due from depository institutions
$3,549Interest-bearing balances
$99Securities
$31,254Federal funds sold & reverse repurchase agreements
$650Net loans & leases
$24,913Loan loss allowance
$283Trading account assets
$0Bank premises and fixed assets
$2,009Other real estate owned
$47Goodwill and other intangibles
$1,143Life insurance assets
$0All other assets
$0Total liabilities and capital
$63,565Total liabilities
$59,325Total deposits
$58,602Interest-bearing deposits
$44,885Deposits held in domestic offices
58602.00%% insured (estimated)
$85Federal funds purchased & repurchase agreements
$530Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$193Total equity capital
$193Total bank equity capital
$4,240Perpetual preferred stock
$0Common stock
$1,470Surplus
$2,730Undivided profits
Memoranda
$40Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$23Income earned, not collected on loans
$156Earning assets
$56,916Long-term assets (5+ years)
$2,659Average Assets, year-to-date
$61,975Average Assets, quarterly
$63,453Volatile liabilities
$4,262Insider loans
$1,173FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,299Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,240Total risk weighted assets
$31,805Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$3,800Total interest expense
$1,269Net interest income
$2,531Provision for loan and lease losses
$9Total noninterest income
$768Fiduciary activities
$0Service charges on deposit accounts
$521Trading account gains & fees
$0Additional noninterest income
$247Total noninterest expense
$2,386Salaries and employee benefits
$942Premises and equipment expense
$386Additional noninterest expense
$1,058Pre-tax net operating income
$904Securities gains (losses)
$0Applicable income taxes
$284Income before extraordinary items
$620Extraordinary gains - net
-$2Net income attributable to bank
$618Net charge-offs
$32Cash dividends
$622Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
6.87%Cost of funding earning assets
2.29%Net interest margin
4.58%Noninterest income to earning assets
1.39%Noninterest expense to earning assets
4.31%Net operating income to assets
1.00%Return on assets (ROA)
1.00%Pretax return on assets
1.46%Return on equity (ROE)
14.48%Retained earnings to average equity (YTD only)
-0.09%Net charge-offs to loans
0.13%Credit loss provision to net charge-offs
28.13%Efficiency ratio
72,325Assets per employee
1.77%Cash dividends to net income (YTD only)
Condition Ratios (%)
100.65%Loss allowance to loans
1.12%Loss allowance to noncurrent loans
1230.43%Noncurrent assets plus other real estate owned to assets
0.11%Noncurrent loans to loans
0.09%Net loans and leases to deposits
42.51%Net loans and leases to core deposits
45.40%Equity capital to assets
6.67%Core capital (leverage) ratio
6.61%Tier 1 risk-based capital ratio
13.33%Total risk-based capital ratio
Memoranda
$14Average assets
$61,975Average earning assets
$4,267Average equity
$55,312Average loans

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