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Overview / Commentary
824 West Santa Fe Avenue
Grants, NM 87020

Grants State Bank is headquartered in Grants and is the 34th largest bank in the state of New Mexico. It is also the 4,294th largest bank in the nation. It was established in 1947 and as of December of 2013, it had grown to 30 employees at 3 locations. Grants State Bank has a B+ health rating.

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Data for Q4 2013

Institution Health


Texas Ratio


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 Grants State Bank had $564,000 in non-current loans and owned real-estate with $15.04 million in equity and loan loss allowances on hand to cover it. This gives Grants State Bank a Texas Ratio of 3.75% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Grants State Bank experienced no significant changes from 3.83% as of December 31, 2012 to 3.75% as of December 31, 2013, resulting in a positive change of 1.99%.This indicates that the balance sheet and financial strength for Grants State Bank has had no significant changes in recent periods.

Deposit Growth


In the past year, Grants State Bank has decreased its total deposits by -$11.82 million, resulting in -10.1% 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 Grants State Bank has shown is poor.



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. Grants State Bank has $119.93 million in assets with $15.04 million in equity, resulting in a capitalization level of 12.54%, which is excellent.

Institution Statistics

FDIC Certificate #16590
Year Established1947
Primary RegulatorFDIC
Assets and Liabilities
Assets$119.93 million
Loans$20.32 million
Deposits$105.22 million
Equity Capital$14.23 million
Loan Loss Allowance$803,000
Unbacked Noncurrent Loans$523,000
Real Estate Owned$41,000
Historic Data - December 2012
Assets$132.62 million
Equity Capital$15.10 million
Loan Loss Allowance$1.31 million
Unbacked Noncurrent Loans$523,000
Real Estate Owned$42,000
Profit Margin - Quarterly
Net Interest Margin3.02%
Return on Assets1.17%
Return on Equity10.25%
Interest Income$3.93 million

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Grants State Bank Savings Account Rates

0.05%--Keep It Simple Savings
0.05%--Pay Yourself First (PYF) Savings
0.05%--Learn to Save Youth Savings
0.05%$100-Savings Account

Grants State Bank Money Market Rates

0.20%$100k$100mLiquid Money Market Deposit Account
0.20%$500k-High Yeild/High Balance Money Market Deposit Account (MMDA)
0.20%$100k-Money Market Deposit Account

Grants State Bank Checking Account Rates

0.15%$100k$100mPremium Relationship Checking Account
0.15%$100k-Business Checking with Interest
0.05%--Relationship Value Checking
0.05%--Banking on the Job Checking
0.05%$500-Personal NOW Account
0.05%$500-Golden Security Account
0.05%--Small Business/Non Profit Checking with Interest

Grants State Bank CD Rates

1.00%$100k-48 Month CD
0.75%$100k-36 Month CD
0.50%$100k$100m24 Month CD
0.45%$100k-18 Month CD
0.35%$100k-12 Month CD
0.25%$100k-183-364 Day CD
0.20%$100k-91-182 Day CD
0.15%$100k$100m30-90 Day CD

Grants State Bank IRA Rates

0.85%$75k-36 Month IRA
0.60%$75k-24 Month IRA
0.45%$75k-12 Month IRA
0.35%$75k-182 Day IRA

Grants State Bank Locations
East Roosevelt Branch1015 East Roosevelt StreetGrants, NM 87020
Milan Branch609-611 Highway 66Milan, NM 87021
Grants State Bank824 West Santa Fe AvenueGrants, NM 87020