Centinel Bank of Taos is headquartered in Taos and is the 23rd largest bank in the state of New Mexico. It is also the 3,199th largest bank in the nation. It was established in 1969 and as of December of 2013, it had grown to 47 employees at 2 locations. Centinel Bank of Taos has a B+ health rating.
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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 Centinel Bank of Taos had $1.08 million in non-current loans and owned real-estate with $17.29 million in equity and loan loss allowances on hand to cover it. This gives Centinel Bank of Taos a Texas Ratio of 6.23% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Centinel Bank of Taos experienced no significant changes from 6.09% as of December 31, 2012 to 6.23% as of December 31, 2013, resulting in a negative change of 2.22%. This indicates that the balance sheet and financial strength for Centinel Bank of Taos has had no significant changes in recent periods.
In the past year, Centinel Bank of Taos has decreased its total deposits by $-728,000, resulting in -0.43% 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 Centinel Bank of Taos has shown is 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. Centinel Bank of Taos has $187.44 million in assets with $17.29 million in equity, resulting in a capitalization level of 9.22%, which is average.
|FDIC Certificate #||19904|
|Assets and Liabilities|
|Equity Capital||$15.76 million|
|Loan Loss Allowance||$1.53 million|
|Real Estate Owned||$1.08 million|
|Historic Data - December 2012|
|Equity Capital||$17.17 million|
|Loan Loss Allowance||$1.41 million|
|Real Estate Owned||$1.13 million|
|Profit Margin - Quarterly|
|Net Interest Margin||3.39%|
|Return on Assets||1.34%|
|Return on Equity||15.17%|
|Interest Income||$6.26 million|
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|0.05%||-||-||Personal NOW Checking|
|0.05%||-||-||Enterprise NOW Checking|
|0.70%||$1k||-||5 Year CD|
|0.40%||$1k||-||4 Year CD|
|0.30%||$1k||-||3 Year CD|
|0.25%||$1k||-||2 Year CD|
|0.20%||$1k||-||1 Year CD|
|0.05%||$1k||-||91 Day CD|
|0.05%||$1k||-||182 Day CD|
|1.25%||$1k||-||5 Year IRA CD (Traditional,Roth,SEP)|
|0.60%||$1k||-||30 Month IRA CD (Traditional,Roth,SEP)|
|0.50%||$1k||-||18 Month IRA CD (Traditional,Roth,SEP)|
|Centinel Bank of Taos Locations|
|Centinel Bank Of Taos||512 Paso Del Pueblo Sur||Taos, NM 87571|
|Northside Branch||707 Passeo Del Pueblo Norte||Taos, NM 87571|