Bank 1st

Bank 1st is headquartered in Albuquerque and is the 43^rd largest bank in the state of New Mexico. It is also the 5,720^th largest bank in the nation. It was established in 1997 and as of December of 2011, it had grown to 14 employees at 1 location. Bank 1st's money market rates are 36% higher than the national average, but it has a 2-star health rating.

Bank 1st Routing Number: 107006486

Bank 1st Money Market Rates

Bank 1st CD Rates

Data for Q4 2011

Institution Statistics Bank 1st FDIC Certificate # 34554 BankRate Report View Year Established 1997 Employees 14 Primary Regulator FDIC Assets and Liabilities Assets $71.82 million Loans $32.88 million Deposits $68.12 million Equity Capital $3.51 million Loan Loss Allowance $1.25 million Unbacked Noncurrent Loans $288,000 Real Estate Owned $3.02 million Historic Data - December 2010 Assets $75.66 million Equity Capital $3.52 million Loan Loss Allowance $1.56 million Unbacked Noncurrent Loans $1.15 million Real Estate Owned $3.94 million Profit Margin - Quarterly Net Interest Margin 3.39% Return on Assets -0.31% Return on Equity -6.14% Interest Income $2.95 million

Institution Health Overall Score: 2 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Bank 1st had $3.3 million in non-current loans and owned real-estate with $4.76 million in equity and loan loss allowances on hand to cover it. This gives Bank 1st a Texas Ratio of 69.36% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Bank 1st decreased slightly from 100.10% as of December 31, 2010 to 69.36% as of December 31, 2011, resulting in a positive change of 30.71%.This indicates that the balance sheet and financial strength for Bank 1st has improved slightly in recent periods. Deposit Growth In the past year, Bank 1st has decreased its total deposits by -$3.68 million, resulting in -5.13% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Bank 1st has shown is poor. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Bank 1st has $71.82 million in assets with $4.76 million in equity, resulting in a capitalization level of 6.63%, which is below average.

No reviews have been left for this bank yet. Be the first to review.