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Overview / Commentary
1096 Mechem Drive
Ruidoso, NM 88345

City Bank New Mexico is headquartered in Ruidoso and is the 36th largest bank in the state of New Mexico. It is also the 4,357th largest bank in the nation. It was established in 2001 and as of June of 2014, it had grown to 30 employees at 3 locations. City Bank New Mexico's money market rates are 14% higher than the national average, and it has a C+ health rating.

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Data for Q2 2014

Institution Health


Texas Ratio


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 City Bank New Mexico had $2.62 million in non-current loans and owned real-estate with $13.8 million in equity and loan loss allowances on hand to cover it. This gives City Bank New Mexico a Texas Ratio of 19.01% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for City Bank New Mexico increased slightly from 11.34% as of June 30, 2013 to 19.01% as of June 30, 2014, resulting in a negative change of 67.58%. This indicates that the balance sheet and financial strength for City Bank New Mexico has declined slightly in recent periods.

Deposit Growth


In the past year, City Bank New Mexico has decreased its total deposits by -$3.06 million, resulting in -2.92% 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 City Bank New Mexico 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. City Bank New Mexico has $114.62 million in assets with $13.8 million in equity, resulting in a capitalization level of 12.04%, which is excellent.

Institution Statistics

FDIC Certificate #57302
Year Established2001
Primary RegulatorFDIC
Assets and Liabilities
Assets$114.62 million
Loans$54.86 million
Deposits$101.49 million
Equity Capital$12.42 million
Loan Loss Allowance$1.38 million
Unbacked Noncurrent Loans$2.38 million
Real Estate Owned$239,000
Historic Data - June 2013
Assets$116.81 million
Equity Capital$11.71 million
Loan Loss Allowance$1.52 million
Unbacked Noncurrent Loans$2.38 million
Real Estate Owned$309,000
Profit Margin - Quarterly
Return on Assets0.69%
Return on Equity6.47%
Interest Income$2.15 million
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City Bank New Mexico Money Market Rates

0.50%$100k-Business Money Market
0.40%$100k-Money Market

City Bank New Mexico Checking Account Rates

0.85%-$150kReward Checking Best - Qualifying
0.60%$100k$150kRPM Checking
0.50%--Reward Plus Best - Qualifying
0.40%-$150kReward Checking Better - Qualifying
0.25%--Reward Plus Better - Qualifying
0.25%$1k-Business Interest Checking
0.10%$1k-Interest Checking
0.05%--Reward Checking - Non Qualifying
0.05%--Reward Plus - Non Qualifying

City Bank New Mexico Locations
City Bank New Mexico1096 Mechem DriveRuidoso, NM 88345
Gateway Branch143a El Paso RoadRuidoso, NM 88345
Midtown Branch1850 Sudderth DriveRuidoso, NM 88345