First New Mexico Bank of Silver City is headquartered in Silver City and is the 39th largest bank in the state of New Mexico. It is also the 4,749th largest bank in the nation. It was established in 1984 and as of March of 2014, it had grown to 22 employees at 2 locations. First New Mexico Bank of Silver City has a A health rating.
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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 of Silver City had $210,000 in non-current loans and owned real-estate with $11.49 million in equity and loan loss allowances on hand to cover it. This gives First New Mexico Bank of Silver City a Texas Ratio of 1.83% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for First New Mexico Bank of Silver City decreased dramatically from 4.38% as of March 31, 2013 to 1.83% as of March 31, 2014, resulting in a positive change of 58.27%.This indicates that the balance sheet and financial strength for First New Mexico Bank of Silver City has improved dramatically in recent periods.
In the past year, First New Mexico Bank of Silver City has increased its total deposits by $2.36 million, resulting in 2.8% 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 of Silver City has shown is above 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. First New Mexico Bank of Silver City has $99.38 million in assets with $11.49 million in equity, resulting in a capitalization level of 11.56%, which is excellent.
|FDIC Certificate #||24865|
|Assets and Liabilities|
|Equity Capital||$10.82 million|
|Loan Loss Allowance||$673,000|
|Real Estate Owned||$210,000|
|Historic Data - March 2013|
|Equity Capital||$9.94 million|
|Loan Loss Allowance||$679,000|
|Unbacked Noncurrent Loans||$0|
|Real Estate Owned||$40,000|
|Profit Margin - Quarterly|
|Net Interest Margin||3.72%|
|Return on Assets||1.18%|
|Return on Equity||10.94%|
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|First New Mexico Bank of Silver City Locations|
|First New Mexico Bank Of Silver City||1100 N. Hudson||Silver City, NM 88061|
|First New Mexico Bank Of Silver City||1928 Hwy 180 East||Silver City, NM 88061|