Moderators:
Search This Board: 
Created: 08/19/2009 06:15:38 PM - Followers: 14 - Board type: Free - Posts Today: 0

http://www.fcbnm.com
Corporate Profile:  http://www.snl.com/irweblinkx/corporateprofile.aspx?iid=100565

First State Bancorporation (NASDAQ: FSNM) is New Mexico's largest locally managed bank holding company. Through its wholly owned subsidiary First Community Bank, (formerly First State Bank, N.M.), its strategy is to provide a business culture that offers individualized customer service. First Community's flexible approach, which combines direct access to decision makers, the latest in technology, a wide menu of product offerings, and increasingly convenient branch locations, has allowed First Community Bank to profitably capture market share.

History: First State Bank was founded in Taos, New Mexico in 1922 and has continually served the Taos market. First State Bancorporation was founded in 1988 to acquire First State Bank. National Bank of Albuquerque was merged into First State Bank in 1991. First State made its initial public offering in November of 1993. In December of 1993, First State entered the Santa Fe market with the acquisition of First State Bank of Santa Fe. In October 2002, First State acquired First Community Industrial Bank (FCIB) with operations in Colorado and Utah and FCIB was merged into First State Bank. 

In December 2005, the name First State Bank N.M. was officially changed to First Community Bank to better reflect the bank's business practices. The logo was also retooled in each market to provide a consistent name and image across all markets.

In January 2006, First State Bancorporation acquired New Mexico Financial Corporation and its wholly owned subsidiary, Ranchers Banks and Access Anytime Bancorp, Inc. and its wholly owned subsidiary, AccessBank.

On March 1, 2007, First State completed the acquisition and merger of Front Range Capital Corporation and its subsidary, Heritage Bank ("Front Range").

Operations: First Community Bank currently operates 36 New Mexico branches in Albuquerque, Belen, Bernalillo, Los Lunas, Moriarty, Placitas, Pojoaque, Rio Rancho, Grants, Gallup, Las Cruces, Portales, Santa Fe and Taos; and 4 Arizona branches in Phoenix and Sun City.

First State Bancorporation expects to continue pursuing this aggressive growth strategy through a combination of internal growth and de novo branch openings within the existing four state footprint. First Community has grown from total assets of $173 million, total loans of $121 million, and total deposits of $150 million at December 31, 1993, to total assets of $3.5 billion, total loans of $2.6 billion, and total deposits of $2.6 billion as of March 31, 2008.

Commitment to Community: Widely recognized for its continued commitment to its customers and communities, First Community Bank takes pride in its role as a socially responsible corporate citizen. First Community Bank actively supports community activities through both financial contributions and volunteer hours given by its officers, directors and employees. First Community Bank counts education facilities, business organizations, healthcare facilities, children's charities, and arts organizations among the many groups which it supports.

Our Vision
By developing strong personal relationships, to be the preferred independent community bank in the markets we serve.

Our Belief
By valuing our employees and empowering them at every level, we will provide our customers exceptional, personal service--better access to decision makers, fast useful information, and solutions tailored to their individual needs.

Our Values

Integrity
Being honest and sincere. Taking responsibility and following through with commitments.

Trust
Presuming the best and empowering one another.

Respect
Treating each other with consideration.

Communication
Speaking and listening openly, honestly and completely.

Collaboration
Being flexible and valuing others' input. Working together to achieve success for all.

Our Motto
Not Your Typical Bankers, Not Your Typical Bank

(And be sure to HAVE FUN!)

Our Position Statement on Discrimination
Our Board of Directors is committed to ensuring fair lending in our bank. Applications are considered without regard to race, sex or other prohibited bases. Excluding any segment of society from fundamental economic opportunities, such as home ownership and equal access to credit, is illegal.

Learn More About Us
Read the tale about First Community Bank; our history, our spirit, and our commitment to the community.

July 9th, 2009:  8K

Notice the bold text (60 days)- that's from the date July 2nd making 60 days later approx the first of September. Soooooo, anytime between now and then we might see another 8K or PR hopefully approving their submission.

On July 2, 2009, First State Bancorporation (the "Company") and its subsidiary bank, First Community Bank ("Bank"), executed a written agreement ("Agreement") with the Federal Reserve Bank of Kansas City and the New Mexico Financial Institutions Division (collectively, the "Regulators"). The Agreement is based on findings of the Regulators identified in an examination of the Bank and the Company during January and February of 2009. Several of the provisions in the Agreement are similar to an informal agreement entered into by the Company and the Bank in September 2008.

Under the terms of the Agreement, the Company and or the Bank agreed, among other things, to engage an independent consultant acceptable to the Regulators to assess the Bank's management and staffing needs, assess the qualifications and performance of all officers of the Bank, and assess the current structure and compositions of the Bank's board of directors and its committees. In addition, within 60 days of the Agreement, the Company and or the Bank will submit a written plan to strengthen lending and credit risk management practices and improve the Bank's position regarding past due loans, problem loans, classified loans, and other real estate owned; maintain sufficient capital at the Bank, holding company and the consolidated level; improve the Bank's earnings and overall condition; and improve management of the Bank's liquidity position, funds management process, and interest rate risk management.

 

 


FSNM fundie links:
http://www.finviz.com/quote.ashx?t=fsnm
http://www.j3sg.com/Reports/Stock-Insider/Generate.php?DV=yes&tickerLookUp=FSNM
http://finance.yahoo.com/q/ks?s=FSNM
http://quicktake.morningstar.com/stocknet/industrysnapshot.aspx?Country=USA&Symbol=fsnm&36838

http://data.cnbc.com/quotes/FSNM/

FSNM institutional and insider buying activities:

Institutional
http://www.mffais.com/fsnm
http://206.222.29.162/institution/subject.jsp?subject=0000897861&company=FSNM
http://data.cnbc.com/quotes/FSNM/tab/8

Insiders
http://www.secform4.com/insider-trading/897861.htm
http://www.insidercow.com/history/company.jsp?company=fsnm




 

First State Bancorporation
$ 0.40
FSNM
-0.04
 
Short Interest (Shares Short)
433,100
 
Days To Cover (Short Interest Ratio)
1.5
 
Short Percent of Float
2.19 %
 
Short Interest - Prior
241,000
 
Short % Increase / Decrease
79.71 %
 
Short Squeeze Ranking™
-2
 
% From 52-Wk High ($ 2.79 )
-597.50 %
 
% From 52-Wk Low ($ 0.43 )
-8.25 %
 
% From 200-Day MA ($ 1.28 )
-220.00 %
 
% From 50-Day MA ($ 0.82 )
-105.00 %
 
Price % Change (52-Week)
-64.80 %
 
Shares Float
19,763,952
 
Total Shares Outstanding
20,668,729
 
% Owned by Insiders
4.20 %
 
% Owned by Institutions
44.80 %
 
Market Cap.
$ 8,267,492
Trading Volume - Today
224,305
 
Trading Volume - Average
280,500
 
Trading Volume - Today vs. Average
79.97 %
 
Earnings Per Share
-5.82
 
PE Ratio
 
Record Date
2009-NovB
 
Sector
Financial
 
Industry
Regional - Southwest Banks
 
Exchange
NAS

Confirmed with I/R on August 20, 2009 (thanks plastipunk):
A/S 50,000,000
O/S 20,608,000 as of June 30th, 2009

An approx. 1.7 million buy back which brought the O/S to its current level

HOLDINGS SUMMARY

Shareholders

Large Block Owners 141
Total Number of Shares Held 14.6M
% Change in Ownership 0%
% Shares Owned 89%

Top Shareholders

Institutions
49 Holders, 35.3% owned of O/S, $14,907,475 Value
Mutual Funds
43 Holders, 12.8% owned of O/S, $4,383,120 Value
Other Major Holders
49 Holders, 35.3% owned of O/S, $14,907,475 Value

 

SHAREHOLDERS CONCENTRATION

Top Institutional Holders

Concentration of Current % Held
Top 10 Institutions: Ownership by top 10 institutions Top 20 Institutions: Ownership by top 20 institutions Top 50 Institutions: Ownership by top 50 institutions All:  
Low
Avg. Turnover Rating
 
The Banc Funds ...
1.3M
$2,457,382 +16% 6.2%
Low
Philadelphia ...
892.2K
$1,721,958 +11% 4.3%
High
Dimensional Fund ...
806.8K
$1,557,062 +10% 3.9%
Low
Diamond Hill ...
723.7K
$1,396,809 +9% 3.5%
Moderate
Vanguard Group, Inc.
612.0K
$1,181,116 +8% 3.0%
Low
North Star Asset ...
563.4K
$1,087,333 +7% 2.7%
Low
Barclays Global ...
488.1K
$942,037 +6% 2.4%
Low
Luther King ...
351.4K
$678,185 +4% 1.7%
Low
Bridgeway ...
272.2K
$525,346 +3% 1.3%
Moderate
Stanford (Michael R)
271.1K
$585,481 +3% 1.3%
Low

Top Mutual Fund Holders

Percentage of Outstanding Shares per Holdings Style
Index 8.0%
GARP 3.2%
Specialty 0.0%
Yield 0.0%
 
Low
Avg. Turnover Rating
Diamond Hill ...
618.0K
$1,192,644 +8% 3.0%
GARP
Vanguard Total ...
286.8K
$398,588 +4% 1.4%
Index
Vanguard ...
283.4K
$393,863 +3% 1.4%
Index
Vanguard ...
226.0K
$314,207 +3% 1.1%
Index
DFA U.S. Micro ...
179.3K
$387,366 +2% 0.9%
Index
DFA U.S. Small ...
168.5K
$363,962 +2% 0.8%
Index
Vanguard ...
153.3K
$213,129 +2% 0.7%
Index
DFA U.S. Small ...
114.6K
$247,642 +1% 0.6%
Index
Bridgeway ...
63.3K
$87,998 +1% 0.3%
Index
iShares Russell ...
42.2K
$69,625 +1% 0.2%

Shares Float 18,610,000
Total Shares Outstanding

20,621,271

 

CHARTS

6 month Daily

2 year Weekly

[chart]stockcharts.com/c-sc/sc?s=fsnm&p=W&yr=0&mn=24&dy=0&i=p93834726544&r=3658[/chart]

PlusOneCoin Top Posts Free PlusOneCoin
No plusone'd posts yet. Be the first!
Post Subject
#1305 FSNMQ revoked: Renee 03/19/2014 09:37:14 AM
#1304 FSNMQ 0.0039 nice buys 0.0021x0.0039, not much holding AOuvier 04/05/2013 02:00:21 PM
#1303 FSNMQ 0.011x0.002, 0.002 tap, after nice hits @ AOuvier 03/18/2013 12:54:41 PM
#1302 FSNMQ 0.002 10K hits 3x times + a AOuvier 12/21/2012 03:45:20 PM
#1301 FSNMQ 0.0007x0.0033, +14.29% 0.0008 gone. AOuvier 12/07/2012 01:11:33 PM
#1300 That's a shame to hear that New Mexico's JJL 02/01/2011 09:14:00 AM
#1299 I had hopes for this bank a couple Entangled Proton 01/31/2011 10:41:41 PM
#1298 Admiral, Do you think there still may be some JJL 01/31/2011 09:55:22 PM
#1297 First State Bancorporation's Bank Subsidiary Closed by New Entangled Proton 01/31/2011 02:40:39 PM
#1296 The most recent annual report, and if applicable, Lucky_Charm$ 01/31/2011 11:49:51 AM
#1295 Anyone know news today ? Yoda0629 01/31/2011 10:22:14 AM
#1294 Monday, July 26, 2010 mlkrborn 08/04/2010 12:35:49 PM
#1293 FSNM: EARNINGS REPORT: JULY 29 '10 mlkrborn 08/04/2010 12:29:21 PM
#1292 kick myself for not picking some up at tombrady12nh 08/02/2010 11:24:02 AM
#1290 Lets see how Monday goes. Komando Robot 06/19/2010 04:14:50 AM
#1289 Sorry, but this stock is dead, IMO! julian83 06/10/2010 04:34:08 PM
#1288 appears someone likes the news. I'm not tombrady12nh 06/10/2010 09:55:23 AM
#1287 News out tombrady12nh 06/09/2010 08:55:20 PM
#1286 Mr. X, tombrady12nh 06/07/2010 10:17:46 AM
#1285 anybody attend the shareholder meeting??? Any news or announcements? dumchit 06/04/2010 02:06:27 PM
#1284 Problem is they will be delisted unless they buzzbomb 06/01/2010 02:17:55 PM
#1283 This Mgt team needs to act, now IMO tombrady12nh 05/27/2010 11:02:10 AM
#1282 Look as FSNM's chart it set up for dumchit 05/24/2010 12:33:57 PM
#1281 How long is the "Blackout" period? I tombrady12nh 05/24/2010 09:19:48 AM
#1280 Wbhat is being done to keep from being delisted? dumchit 05/24/2010 09:03:32 AM
#1279 Questions I will ask should I attend the knm_2 05/23/2010 06:02:52 PM
#1278 tombrady did you sell on the last run? knm_2 05/19/2010 08:47:12 PM
#1277 Best to stay away. IMO, they could be liketotravel 05/18/2010 11:55:55 AM
#1276 Is this great for a re-entry? Or stay julian83 05/18/2010 10:51:49 AM
#1275 First State restates earnings, boosts loan reserve liketotravel 05/17/2010 10:02:18 PM
#1274 :) nice job tombrady12nh 04/29/2010 04:31:03 PM
#1273 I am glad that i sold last friday julian83 04/29/2010 11:38:58 AM
#1272 fingers crossed-a merger here is still possible. IMO tombrady12nh 04/28/2010 12:16:49 PM
#1271 someone dumped, guess we should have sold at tombrady12nh 04/28/2010 12:02:24 PM
#1270 no worries here Tony, I see some positives tombrady12nh 04/26/2010 12:17:21 PM
#1269 I read the earnings report and it isn't Tony Jeletonev 04/26/2010 12:08:11 PM
#1268 it doesnt exactly matter now/due to the massive -ABC- 04/26/2010 11:42:26 AM
#1267 Hi Tom..what to expect from FSNM today?..Hmm..earnings..I hope Tony Jeletonev 04/26/2010 09:27:16 AM
#1266 :) tombrady12nh 04/24/2010 11:41:28 AM
#1265 Have a great weekend everyone tombrady12nh 04/24/2010 11:41:08 AM
#1264 gotta love JW being here! VERY GOOD SIGN tombrady12nh 04/24/2010 11:40:48 AM
#1263 GO FSNM tombrady12nh 04/24/2010 11:40:19 AM
#1262 JW-Go Play somewhere else, nobody likes you. tombrady12nh 04/24/2010 11:39:31 AM
#1258 Exhibit 23 JohnnyWinter 04/23/2010 06:45:22 PM
#1257 I think that FSNM will surprize many people Tony Jeletonev 04/23/2010 01:29:01 PM
#1256 I´m out!! But good luck to all who julian83 04/23/2010 01:28:17 PM
#1255 got in today. lol. hope I did not meffi 04/23/2010 01:22:23 PM
#1254 me too bro, let's hold hands and jump! tombrady12nh 04/23/2010 01:10:04 PM
#1253 me too bro, let's hold hand and jump! tombrady12nh 04/23/2010 01:10:01 PM
#1252 I'm holding here Tony Jeletonev 04/23/2010 01:08:07 PM
Post Subject