Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
575-437-9334
500 10th Street
Alamogordo, NM 88310

BANK'34 is headquartered in Alamogordo and is the 26th largest bank in the state of New Mexico. It is also the 3,415st largest bank in the nation. It was established in 1934 and as of June of 2014, it had grown to 65 employees at 2 locations. BANK'34 has a A health rating.

Related Posts



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



Health

Data for Q2 2014

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of June 30, 2014 BANK'34 had $1.28 million in non-current loans and owned real-estate with $23.59 million in equity and loan loss allowances on hand to cover it. This gives BANK'34 a Texas Ratio of 5.43% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for BANK'34 decreased dramatically from 8.52% as of June 30, 2013 to 5.43% as of June 30, 2014, resulting in a positive change of 36.27%.This indicates that the balance sheet and financial strength for BANK'34 has improved dramatically in recent periods.

Deposit Growth

GRADE:
C+

In the past year, BANK'34 has decreased its total deposits by $-859,000, resulting in -0.63% 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'34 has shown is average.

Capitalization

GRADE:
A+

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'34 has $168.34 million in assets with $23.59 million in equity, resulting in a capitalization level of 14.01%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #29087
Year Established1934
Employees65
Primary RegulatorOCC
Assets and Liabilities
Assets$168.34 million
Loans$101.28 million
Deposits$135.39 million
Equity Capital$21.94 million
Loan Loss Allowance$1.64 million
Unbacked Noncurrent Loans$443,000
Real Estate Owned$837,000
Historic Data - June 2013
Assets$174.60 million
Equity Capital$23.38 million
Loan Loss Allowance$1.82 million
Unbacked Noncurrent Loans$443,000
Real Estate Owned$1.39 million
Profit Margin - Quarterly
Return on Assets-0.61%
Return on Equity-4.58%
Interest Income$3.49 million
Rates

Sorry, we do not have rate data for BANK'34

Locations


BANK'34 Locations
Las Cruces Branch220 N. Telshor Blvd.Las Cruces, NM 88011
Bank'34500 10th StreetAlamogordo, NM 88310