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Overview / Commentary
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 3,454th largest bank in the nation. It was established in 1934 and as of December of 2013, it had grown to 59 employees at 2 locations. BANK'34 has a A health rating.

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Data for Q4 2013

Institution Health


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, 2013 BANK'34 had $1.85 million in non-current loans and owned real-estate with $24.3 million in equity and loan loss allowances on hand to cover it. This gives BANK'34 a Texas Ratio of 7.61% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for BANK'34 decreased dramatically from 20.37% as of December 31, 2012 to 7.61% as of December 31, 2013, resulting in a positive change of 62.67%.This indicates that the balance sheet and financial strength for BANK'34 has improved dramatically in recent periods.

Deposit Growth


In the past year, BANK'34 has decreased its total deposits by -$12.41 million, resulting in -8.62% 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 below average.



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 $167.42 million in assets with $24.3 million in equity, resulting in a capitalization level of 14.51%, which is excellent.

Institution Statistics

FDIC Certificate #29087
Year Established1934
Primary RegulatorOCC
Assets and Liabilities
Assets$167.42 million
Loans$98.04 million
Deposits$131.49 million
Equity Capital$22.53 million
Loan Loss Allowance$1.77 million
Unbacked Noncurrent Loans$561,000
Real Estate Owned$1.29 million
Historic Data - December 2012
Assets$184.36 million
Equity Capital$24.32 million
Loan Loss Allowance$2.14 million
Unbacked Noncurrent Loans$561,000
Real Estate Owned$891,000
Profit Margin - Quarterly
Net Interest Margin3.56%
Return on Assets-0.37%
Return on Equity-2.81%
Interest Income$7.12 million

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