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Overview / Commentary
505-425-7584
600 Douglas Ave
Las Vegas, NM 87701

Community 1st Bank Las Vegas is headquartered in Las Vegas and is the 30th largest bank in the state of New Mexico. It is also the 3,677th largest bank in the nation. It was established in 1949 and as of December of 2013, it had grown to 55 employees at 7 locations. Community 1st Bank Las Vegas has a D health rating.

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Health

Data for Q4 2013

Institution Health

D

Texas Ratio

GRADE:
F

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 Community 1st Bank Las Vegas had $17.09 million in non-current loans and owned real-estate with $14.54 million in equity and loan loss allowances on hand to cover it. This gives Community 1st Bank Las Vegas a Texas Ratio of 117.47% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C-

The Texas Ratio for Community 1st Bank Las Vegas increased slightly from 60.76% as of December 31, 2012 to 117.47% as of December 31, 2013, resulting in a negative change of 93.33%. This indicates that the balance sheet and financial strength for Community 1st Bank Las Vegas has declined slightly in recent periods.

Deposit Growth

GRADE:
F

In the past year, Community 1st Bank Las Vegas has decreased its total deposits by -$15.13 million, resulting in -10.07% 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 Community 1st Bank Las Vegas has shown is poor.

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. Community 1st Bank Las Vegas has $152.66 million in assets with $14.54 million in equity, resulting in a capitalization level of 9.53%, which is above average.

Institution Statistics

Overall
FDIC Certificate #16854
Year Established1949
Employees55
Primary RegulatorFDIC
Assets and Liabilities
Assets$152.66 million
Loans$87.39 million
Deposits$135.18 million
Equity Capital$12.08 million
Loan Loss Allowance$2.47 million
Unbacked Noncurrent Loans$9.36 million
Real Estate Owned$7.73 million
Historic Data - December 2012
Assets$170.17 million
Equity Capital$17.46 million
Loan Loss Allowance$1.90 million
Unbacked Noncurrent Loans$9.36 million
Real Estate Owned$5.15 million
Profit Margin - Quarterly
Net Interest Margin4.33%
Return on Assets-1.97%
Return on Equity-20.17%
Interest Income$7.12 million
Rates
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Community 1st Bank Las Vegas Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$250k-Money Market

Community 1st Bank Las Vegas Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$100k-NOW Checking

Community 1st Bank Las Vegas CD Rates

DetailsAPYMINMAXPRODUCT
1.45%$100k-5 Year CD
0.95%$100k-36 Month CD
0.68%$100k-2 Year CD
0.52%$100k-18 Month CD
0.38%$100k-1 Year CD
0.25%$100k-182 Day CD

Community 1st Bank Las Vegas IRA Rates

DetailsAPYMINMAXPRODUCT
1.45%$100k-5 Year IRA
0.95%$100k-36 Month IRA
0.68%$100k-2 Year IRA
0.52%$100k-18 Month IRA
0.38%$100k-1 Year IRA
0.25%$100k-182 Day IRA
Locations


Community 1st Bank Las Vegas Locations
Santa Rosa Branch109 S. 4th StreetSanta Rosa, NM 88435
Roy Branch405 ChicosaRoy, NM 87743
Motor Branch520 Douglas AvenueLas Vegas, NM 87701
Community 1st Bank Las Vegas600 Douglas AveLas Vegas, NM 87701
Wagon Mound Branch801 NolanWagon Mound, NM 87752
Mora BranchMain StreetMora, NM 87732
Legion Park BranchSeventh Street and Legion DriveLas Vegas, NM 87701