Western Bank in Gallup, New Mexico (NM)
Table of contents:
| Western Bank | |
|---|---|
| General | FDIC Certificate #: 21467 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution: Bank of Colorado (#16980) Federal Reserve ID: 982151 Date Established: March 04, 1974 WWW: http://www.westernbankgallup.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 14847 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: March 04, 1974 Last Structure Change Effective Date: March 12, 2005 Last Structure Change Process Date: March 21, 2005 Last Data Update: March 21, 2005 Data Source Date: April 05, 2012 |
| Location | Address: 307 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: $110.4 mil |
| Assets and Liabilities (December 31, 2004) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 38 |
| Total assets | $110,363 |
| Cash and due from depository institutions | $4,957 |
| Interest-bearing balances | $0 |
| Securities | $45,021 |
| Federal funds sold & reverse repurchase agreements | $4,971 |
| Net loans & leases | $48,997 |
| Loan loss allowance | $848 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,817 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $3,260 |
| All other assets | $1,340 |
| Life insurance assets | $0 |
| Total liabilities and capital | $110,363 |
| Total liabilities | $99,605 |
| Total deposits | $86,250 |
| Interest-bearing deposits | $80,570 |
| Deposits held in domestic offices | $86,250 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $12,560 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $795 |
| Total equity capital | $10,758 |
| Total bank equity capital | $10,758 |
| Perpetual preferred stock | $10,758 |
| Common stock | $0 |
| Surplus | $500 |
| Undivided profits | $7,961 |
| Memoranda | |
| Noncurrent loans and leases | $2,297 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $4,908 |
| Income earned, not collected on loans | $0 |
| Earning assets | $240 |
| Long-term assets (5+ years) | $0 |
| Average Assets, year-to-date | $656 |
| Average Assets, quarterly | $98,989 |
| Volatile liabilities | $15,247 |
| Insider loans | $108,336 |
| FHLB advances | $108,715 |
| Loans and leases held for sale | $32,749 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $0 |
| Total risk weighted assets | $0 |
| Total unused commitments | $4,908 |
| Restructured Loans and leases | $0 |
| Derivatives | $761 |
| Income and Expense (December 31, 2004) (Dollar figures in thousands) | |
| Total interest income | $4,774 |
| Total interest expense | $1,060 |
| Net interest income | $3,714 |
| Provision for loan and lease losses | $10 |
| Total noninterest income | $777 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $618 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $159 |
| Total noninterest expense | $2,774 |
| Salaries and employee benefits | $1,222 |
| Premises and equipment expense | $364 |
| Additional noninterest expense | $1,188 |
| Pre-tax net operating income | $1,707 |
| Securities gains (losses) | $34 |
| Applicable income taxes | $505 |
| Income before extraordinary items | $1,236 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $1,236 |
| Net charge-offs | $0 |
| Cash dividends | $0 |
| Sale, conversion, retirement of capital stock, net | $9 |
| Net operating income | $400 |
| Performance and Condition Ratios (December 31, 2004) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.93% |
| Cost of funding earning assets | 1.10% |
| Net interest margin | 3.84% |
| Noninterest income to earning assets | 0.80% |
| Noninterest expense to earning assets | 2.87% |
| Net operating income to assets | 1.12% |
| Return on assets (ROA) | 1.14% |
| Pretax return on assets | 1.61% |
| Return on equity (ROE) | 11.59% |
| Retained earnings to average equity (YTD only) | 7.84% |
| Net charge-offs to loans | 0.02% |
| Credit loss provision to net charge-offs | 111.11% |
| Efficiency ratio | 190.78% |
| Assets per employee | $61,768 |
| Cash dividends to net income (YTD only) | 2.90% |
| Condition Ratios (%) | |
| Loss allowance to loans | 32.36% |
| Loss allowance to noncurrent loans | 1.70% |
| Noncurrent assets plus other real estate owned to assets | 353.33% |
| Noncurrent loans to loans | 0.22% |
| Net loans and leases to deposits | 0.48% |
| Net loans and leases to core deposits | 56.81% |
| Equity capital to assets | 74.17% |
| Core capital (leverage) ratio | 9.75% |
| Tier 1 risk-based capital ratio | 7.13% |
| Total risk-based capital ratio | 12.36% |
| Memoranda | |
| Average assets | $14 |
| Average earning assets | $108,336 |
| Average equity | $10,662 |
| Average loans | $96,758 |
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