United New Mexico Bank at Lea County in Hobbs, New Mexico (NM)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 03, 1994

United New Mexico Bank at Lea County in Hobbs, New Mexico (NM)
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United New Mexico Bank at Lea County - Overview

General
FDIC Certificate #: 26367
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wells Fargo Bank New Mexico, National Association (#2252)
Federal Reserve ID: 163455
Date Established: August 30, 1985
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Interstate: No)
FDIC's unique #: 32964
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: August 30, 1985
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: 200 East Broadway, Hobbs, NM 88240
County: Lea
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): Hobbs, NM (#26020)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $117.9 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)
$57Total assets
$127,560Cash and due from depository institutions
$6,437Interest-bearing balances
$99Securities
$56,728Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$60,360Loan loss allowance
$1,104Trading account assets
$0Bank premises and fixed assets
$1,654Other real estate owned
$60Goodwill and other intangibles
$2,232Life insurance assets
$89All other assets
$0Total liabilities and capital
$127,560Total liabilities
$119,787Total deposits
$115,923Interest-bearing deposits
$97,059Deposits held in domestic offices
115923.00%% insured (estimated)
$93Federal funds purchased & repurchase agreements
$3,576Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$288Total equity capital
$288Total bank equity capital
$7,773Perpetual preferred stock
$0Common stock
$4,500Surplus
$3,100Undivided profits
Memoranda
$173Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$198Income earned, not collected on loans
$314Earning assets
$117,187Long-term assets (5+ years)
$7,969Average Assets, year-to-date
$126,945Average Assets, quarterly
$127,046Volatile liabilities
$8,723Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$7,225Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$7,684Total risk weighted assets
$67,471Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$7,939Total interest expense
$3,041Net interest income
$4,898Provision for loan and lease losses
$0Total noninterest income
$1,017Fiduciary activities
$0Service charges on deposit accounts
$747Trading account gains & fees
$0Additional noninterest income
$270Total noninterest expense
$4,581Salaries and employee benefits
$1,610Premises and equipment expense
$870Additional noninterest expense
$2,101Pre-tax net operating income
$1,334Securities gains (losses)
$0Applicable income taxes
$414Income before extraordinary items
$920Extraordinary gains - net
-$42Net income attributable to bank
$878Net charge-offs
-$20Cash dividends
$1,464Sale, 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
6.77%Cost of funding earning assets
2.59%Net interest margin
4.18%Noninterest income to earning assets
0.87%Noninterest expense to earning assets
3.91%Net operating income to assets
0.72%Return on assets (ROA)
0.69%Pretax return on assets
1.02%Return on equity (ROE)
11.01%Retained earnings to average equity (YTD only)
-7.35%Net charge-offs to loans
-0.03%Credit loss provision to net charge-offs
0.00%Efficiency ratio
77,227Assets per employee
2.24%Cash dividends to net income (YTD only)
Condition Ratios (%)
166.74%Loss allowance to loans
1.80%Loss allowance to noncurrent loans
557.58%Noncurrent assets plus other real estate owned to assets
0.20%Noncurrent loans to loans
0.32%Net loans and leases to deposits
52.07%Net loans and leases to core deposits
54.49%Equity capital to assets
6.09%Core capital (leverage) ratio
6.05%Tier 1 risk-based capital ratio
11.39%Total risk-based capital ratio
Memoranda
$13Average assets
$126,945Average earning assets
$7,977Average equity
$117,263Average loans

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