Western Bank in city_name, state_name - Detailed Financial Reports, Location

Western Bank in Lordsburg, New Mexico (NM), AZ
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Western Bank routing number info

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Western Bank - Overview

General
FDIC Certificate #: 2249
Status: Active
Federal Reserve ID: 723653
Bank Holding Company (Regulatory Top Holder): Lordsburg Financial Corporation (RSSDID: 1417454, Location: Lordsburg, NM)
Date Established: September 29, 1907
WWW: http://www.bootheelbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 4 (Domestic: 4, Interstate: Yes)
OTS Docket #: 11384
FDIC's unique #: 1496
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Agricultural lending institution: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
Location
Address: 140 East Motel Drive, Lordsburg, NM 88045
County: Hidalgo
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
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $146.5 mil
Equity capital: $18.7 mil
Deposits held in domestic offices: $123.0 mil
Return on assets (ROA): 1.54% ($2.2 mil)
Quarterly return on assets: 1.29% ($1.9 mil)
Return on Equity (ROE): 12.03% ($2.3 mil)
Quarterly return on equity: 10.04% ($1.9 mil)
Net income: $2.1 mil
Quarterly Net income: $0.5 mil
Pretax return on assets: 1.54% ($2,255.7 mil)
Quarterly Pretax return on assets: 1.29% ($1,889.5 mil)

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

2000 - 2011 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, 2011)

Dollar figures in thousands
55Total employees (full-time equivalent)
$146,473Total assets
$21,639Cash and due from depository institutions
$18,803Interest-bearing balances
$41,024Securities
$0Federal funds sold & reverse repurchase agreements
$75,266Net loans & leases
$2,194Loan loss allowance
$0Trading account assets
$4,324Bank premises and fixed assets
$813Other real estate owned
$0Goodwill and other intangibles
$146,474Life insurance assets
$3,407All other assets
$127,749Total liabilities and capital
$122,984Total liabilities
$90,950Total deposits
$122,984Interest-bearing deposits
$78Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$4,000Trading liabilities
$0Other borrowed funds
$765Subordinated debt
$18,725All other liabilities
$18,725Total equity capital
$18,725Total bank equity capital
$0Perpetual preferred stock
$452Common stock
$4,663Surplus
$13,610Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$353Income earned, not collected on loans
$75Earning assets
$1,062Long-term assets (5+ years)
$135,093Average Assets, year-to-date
$32,251Average Assets, quarterly
$136,385Volatile liabilities
$142,014Insider loans
$88,229FHLB advances
$142,993Loans and leases held for sale
$1,060Unused loan commitments
$1,060Tier 1 (core) risk-based capital
$17,145Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$10,006Restructured Loans and leases
$346Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$7,194Total interest income
$628Total interest expense
$6,566Net interest income
$590Provision for loan and lease losses
$1,218Total noninterest income
$0Fiduciary activities
$625Service charges on deposit accounts
$0Trading account gains & fees
$593Additional noninterest income
$5,087Total noninterest expense
$2,965Salaries and employee benefits
$725Premises and equipment expense
$1,397Additional noninterest expense
$2,107Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$2,107Income before extraordinary items
$0Extraordinary gains - net
$2,107Net income attributable to bank
$0Net charge-offs
$2,107Cash dividends
$282Sale, conversion, retirement of capital stock, net
$1,390Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.70%Yield on earning assets
0.50%Cost of funding earning assets
5.21%Net interest margin
0.97%Noninterest income to earning assets
4.03%Noninterest expense to earning assets
1.54%Net operating income to assets
1.54%Return on assets (ROA)
1.54%Pretax return on assets
12.03%Return on equity (ROE)
4.09%Retained earnings to average equity (YTD only)
0.37%Net charge-offs to loans
209.22%Credit loss provision to net charge-offs
9.56%Efficiency ratio
65,352Assets per employee
2.66%Cash dividends to net income (YTD only)
Condition Ratios (%)
65.97%Loss allowance to loans
2.83%Loss allowance to noncurrent loans
621.53%Noncurrent assets plus other real estate owned to assets
0.80%Noncurrent loans to loans
0.46%Net loans and leases to deposits
61.20%Net loans and leases to core deposits
67.13%Equity capital to assets
12.78%Core capital (leverage) ratio
11.99%Tier 1 risk-based capital ratio
19.43%Total risk-based capital ratio
Memoranda
$21Average assets
$136,385Average earning assets
$17,511Average equity
$126,130Average loans

List of branches

1 Arizona Branch as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
4	513438	Willcox Branch	200 West Rex Allen Drive, Willcox, AZ 85643	October 01, 2010	Full Service Brick and Mortar

3 New Mexico Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	1496	Western Bank	140 East Motel Drive, Lordsburg, NM 88045	September 29, 1907	Full Service Brick and Mortar
1	192196	Main Street Branch	711 Main Street, Lordsburg, NM 88045	January 02, 1970	Limited Service Facility
3	419665	Silver City Branch	333 Hwy 180 West, Silver City, NM 88061	May 12, 2003	Full Service Brick and Mortar

Western Bank in Lordsburg, New Mexico (NM), AZ
Overview, Financial Summary, Detailed Financial Reports, Branches

Western Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

Western Bank in Lordsburg, New Mexico (NM), AZOverview, Financial Summary, Detailed Financial Reports, Branches

Western Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

Western Bank in Lordsburg, New Mexico (NM), AZ
Overview, Financial Summary, Detailed Financial Reports, Branches