FDIC Certificate #: 13300 Status: Inactive Closing history: Corrections Acquiring institution:The First National Bank of New Mexico (#19027) Federal Reserve ID: 655455 Date Established: January 08, 1920 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 2 (Interstate: No) OTS Docket #: 10932 FDIC's unique #: 8408 Numeric code: 13 Regulator: FED 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: April 26, 1999 Last Structure Change Process Date: May 11, 1999 Last Data Update: May 11, 1999 Data Source Date: April 05, 2012
Location
Address: 102 East Main, Tucumcari, NM 88426 County: Quay 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
Absorption - Assisted
Corrections
Financial Summary
Total assets: $17.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
17Total employees (full-time equivalent)
$17,251Total assets
$3,213Cash and due from depository institutions
$567Interest-bearing balances
$1,736Securities
$0Federal funds sold & reverse repurchase agreements
$11,215Net loans & leases
$271Loan loss allowance
$0Trading account assets
$519Bank premises and fixed assets
$29Other real estate owned
$83Goodwill and other intangibles
$0Life insurance assets
$456All other assets
$17,251Total liabilities and capital
$16,840Total liabilities
$16,708Total deposits
$13,790Interest-bearing deposits
$16,708Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$44Other borrowed funds
$33Subordinated debt
$55All other liabilities
$411Total equity capital
$411Total bank equity capital
$411Perpetual preferred stock
$0Common stock
$23Surplus
$1,168Undivided profits
Memoranda
$-780Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$716Earning assets
$352Long-term assets (5+ years)
$240Average Assets, year-to-date
$13,518Average Assets, quarterly
$561Volatile liabilities
$16,355Insider loans
$17,046FHLB advances
$1,064Loans and leases held for sale
$77Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$540Total unused commitments
$0Restructured Loans and leases
$11,459Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$1,433Total interest income
$609Total interest expense
$824Net interest income
$248Provision for loan and lease losses
$244Total noninterest income
$0Fiduciary activities
$81Service charges on deposit accounts
$0Trading account gains & fees
$163Additional noninterest income
$1,631Total noninterest expense
$590Salaries and employee benefits
$148Premises and equipment expense
$893Additional noninterest expense
-$811Pre-tax net operating income
$0Securities gains (losses)
-$12Applicable income taxes
-$799Income before extraordinary items
$0Extraordinary gains - net
-$799Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$243Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
11.84%Yield on earning assets
5.03%Cost of funding earning assets
6.81%Net interest margin
2.02%Noninterest income to earning assets
13.48%Noninterest expense to earning assets
-4.89%Net operating income to assets
-4.89%Return on assets (ROA)
-4.96%Pretax return on assets
-102.28%Return on equity (ROE)
-102.28%Retained earnings to average equity (YTD only)
2.55%Net charge-offs to loans
102.06%Credit loss provision to net charge-offs
-2.32%Efficiency ratio
148,315Assets per employee
1.01%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.36%Loss allowance to noncurrent loans
37.85%Noncurrent assets plus other real estate owned to assets
4.32%Noncurrent loans to loans
6.23%Net loans and leases to deposits
67.12%Net loans and leases to core deposits
71.50%Equity capital to assets
2.38%Core capital (leverage) ratio
2.21%Tier 1 risk-based capital ratio
3.32%Total risk-based capital ratio
Memoranda
$5Average assets
$16,355Average earning assets
$781Average equity
$12,103Average loans
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