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First New Mexico Bank, Las Cruces

First New Mexico Bank, Las Cruces
Overview / Commentary
3000 East Lohman Avenue
Las Cruces, NM 88011

First New Mexico Bank, Las Cruces is headquartered in Las Cruces and is the 37th largest bank in the state of New Mexico. It is also the 4,440th largest bank in the nation. It was established in 2008 and as of March of 2014, it had grown to 28 employees at 2 locations. First New Mexico Bank, Las Cruces has a A health rating.

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Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

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 March 31, 2014 First New Mexico Bank, Las Cruces had $299,000 in non-current loans and owned real-estate with $15.44 million in equity and loan loss allowances on hand to cover it. This gives First New Mexico Bank, Las Cruces a Texas Ratio of 1.94% 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 First New Mexico Bank, Las Cruces decreased dramatically from 4.04% as of March 31, 2013 to 1.94% as of March 31, 2014, resulting in a positive change of 52.06%.This indicates that the balance sheet and financial strength for First New Mexico Bank, Las Cruces has improved dramatically in recent periods.

Deposit Growth

GRADE:
C

In the past year, First New Mexico Bank, Las Cruces has decreased its total deposits by -$1.36 million, resulting in -1.39% 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 First New Mexico Bank, Las Cruces has shown is average.

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. First New Mexico Bank, Las Cruces has $112.91 million in assets with $15.44 million in equity, resulting in a capitalization level of 13.68%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #58745
Year Established2008
Employees28
Primary RegulatorFDIC
Assets and Liabilities
Assets$112.91 million
Loans$50.13 million
Deposits$96.81 million
Equity Capital$14.05 million
Loan Loss Allowance$1.39 million
Unbacked Noncurrent Loans$121,000
Real Estate Owned$178,000
Historic Data - March 2013
Assets$113.51 million
Equity Capital$13.36 million
Loan Loss Allowance$1.39 million
Unbacked Noncurrent Loans$121,000
Real Estate Owned$451,000
Profit Margin - Quarterly
Net Interest Margin4.54%
Return on Assets1.24%
Return on Equity9.86%
Interest Income$1.25 million
Rates

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Locations


First New Mexico Bank, Las Cruces Locations
First New Mexico Bank, Las Cruces3000 East Lohman AvenueLas Cruces, NM 88011
Anthony Branch455 Landers Rd.Anthony, NM 88021