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First New Mexico Bank of Silver City

First New Mexico Bank of Silver City
Overview / Commentary
1928 Hwy 180 East
Silver City, NM 88061

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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Health

Data for Q1 2014

Institution Health

A
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. First New Mexico Bank of Silver City has a relatively low asset base.

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 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.

Texas Ratio Trend

GRADE:
A+

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.

Deposit Growth

GRADE:
B+

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.

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 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.

Institution Statistics

Overall
FDIC Certificate #24865
Year Established1984
Employees22
Primary RegulatorFDIC
Assets and Liabilities
Assets$99.39 million
Loans$32.91 million
Deposits$86.75 million
Equity Capital$10.82 million
Loan Loss Allowance$673,000
Real Estate Owned$210,000
Historic Data - March 2013
Assets$95.92 million
Equity Capital$9.94 million
Loan Loss Allowance$679,000
Unbacked Noncurrent Loans$0
Real Estate Owned$40,000
Profit Margin - Quarterly
Net Interest Margin3.72%
Return on Assets1.18%
Return on Equity10.94%
Interest Income$920,000
Rates

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Locations


First New Mexico Bank of Silver City Locations
First New Mexico Bank Of Silver City1100 N. HudsonSilver City, NM 88061
First New Mexico Bank Of Silver City1928 Hwy 180 EastSilver City, NM 88061