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Citizens Bank of Las Cruces

Citizens Bank of Las Cruces
Overview / Commentary
505 S. Main Street
Las Cruces, NM 88001

Citizens Bank of Las Cruces is headquartered in Las Cruces and is the 9th largest bank in the state of New Mexico. It is also the 1,530th largest bank in the nation. It was established in 1970 and as of December of 2013, it had grown to 104 employees at 6 locations. Citizens Bank of Las Cruces has a A health rating.

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Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

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 Citizens Bank of Las Cruces had $1.9 million in non-current loans and owned real-estate with $45.05 million in equity and loan loss allowances on hand to cover it. This gives Citizens Bank of Las Cruces a Texas Ratio of 4.21% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B

The Texas Ratio for Citizens Bank of Las Cruces decreased slightly from 4.69% as of December 31, 2012 to 4.21% as of December 31, 2013, resulting in a positive change of 10.32%.This indicates that the balance sheet and financial strength for Citizens Bank of Las Cruces has improved slightly in recent periods.

Deposit Growth

GRADE:
A

In the past year, Citizens Bank of Las Cruces has increased its total deposits by $16.98 million, resulting in 4.82% 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 Citizens Bank of Las Cruces has shown is excellent.

Capitalization

GRADE:
B+

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. Citizens Bank of Las Cruces has $435.23 million in assets with $45.05 million in equity, resulting in a capitalization level of 10.35%, which is above average.

Institution Statistics

Overall
FDIC Certificate #20161
Year Established1970
Employees104
Primary RegulatorFDIC
Assets and Liabilities
Assets$435.23 million
Loans$226.90 million
Deposits$369.02 million
Equity Capital$40.29 million
Loan Loss Allowance$4.76 million
Unbacked Noncurrent Loans$486,000
Real Estate Owned$1.41 million
Historic Data - December 2012
Assets$398.11 million
Equity Capital$41.67 million
Loan Loss Allowance$4.57 million
Unbacked Noncurrent Loans$486,000
Real Estate Owned$906,000
Profit Margin - Quarterly
Net Interest Margin4.35%
Return on Assets2.01%
Return on Equity19.88%
Interest Income$17.24 million
Rates

Sorry, we do not have rate data for Citizens Bank of Las Cruces

Locations


Citizens Bank of Las Cruces Locations
Truth Or Consequences Branch1920 N. Date StreetTruth Or Consequences, NM 87901
Country Club Branch2841 N Main StLas Cruces, NM 88001
Picacho Branch3030 W Picacho AveLas Cruces, NM 88007
University Telshor Branch3065 East University AvenueLas Cruces, NM 88011
Roadrunner Branch3991 East Lohman AveLas Cruces, NM 88011
Citizens Bank Of Las Cruces505 S. Main StreetLas Cruces, NM 88001