Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
575-258-2265
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 4,380th largest bank in the nation. It was established in 2001 and as of December of 2013, it had grown to 29 employees at 3 locations. City Bank New Mexico's money market rates are 14% higher than the national average, and it boasts a A+ health rating.

Related Posts



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



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 City Bank New Mexico had $919,000 in non-current loans and owned real-estate with $13.51 million in equity and loan loss allowances on hand to cover it. This gives City Bank New Mexico a Texas Ratio of 6.80% 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 City Bank New Mexico decreased dramatically from 10.64% as of December 31, 2012 to 6.80% as of December 31, 2013, resulting in a positive change of 36.05%.This indicates that the balance sheet and financial strength for City Bank New Mexico has improved dramatically in recent periods.

Deposit Growth

GRADE:
A

In the past year, City Bank New Mexico has increased its total deposits by $4.82 million, resulting in 4.91% 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 excellent.

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. City Bank New Mexico has $115.78 million in assets with $13.51 million in equity, resulting in a capitalization level of 11.67%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #57302
Year Established2001
Employees29
Primary RegulatorFDIC
Assets and Liabilities
Assets$115.78 million
Loans$57.31 million
Deposits$103.16 million
Equity Capital$12.13 million
Loan Loss Allowance$1.38 million
Unbacked Noncurrent Loans$634,000
Real Estate Owned$285,000
Historic Data - December 2012
Assets$111.19 million
Equity Capital$12.05 million
Loan Loss Allowance$1.51 million
Unbacked Noncurrent Loans$634,000
Real Estate Owned$407,000
Profit Margin - Quarterly
Net Interest Margin3.85%
Return on Assets0.82%
Return on Equity7.85%
Interest Income$4.46 million
Rates
Skip to rates for:

Always verify rates and promotions with the bank or credit union. We are not City Bank New Mexico, we are a rate comparison website and can not provide official rates or promotions.

City Bank New Mexico Money Market Rates

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

City Bank New Mexico Checking Account Rates

DetailsAPYMINMAXPRODUCT
1.26%-$150kReward Checking Best
0.75%$100k$150kRPM Checking
0.75%--Reward Plus Best
0.25%$1k-Interest Checking
0.25%--Reward Checking Better
0.25%--Reward Plus Better
0.25%$1k-Business Interest Checking
0.05%--Reward Checking Best
0.05%--Reward Plus Best
Locations


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