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Overview / Commentary
575-397-4511
1017 North Turner
Hobbs, NM 88241

Lea County State Bank is headquartered in Hobbs and is the 15st largest bank in the state of New Mexico. It is also the 2,334th largest bank in the nation. It was established in 1928 and as of December of 2013, it had grown to 59 employees at 3 locations. Lea County State Bank has a A health rating.

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Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

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 Lea County State Bank had $0 in non-current loans and owned real-estate with $24.48 million in equity and loan loss allowances on hand to cover it. This gives Lea County State Bank a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Deposit Growth

GRADE:
A+

In the past year, Lea County State Bank has increased its total deposits by $14.36 million, resulting in 6.23% 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 Lea County State Bank has shown is excellent.

Capitalization

GRADE:
C

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. Lea County State Bank has $274.28 million in assets with $24.48 million in equity, resulting in a capitalization level of 8.92%, which is average.

Institution Statistics

Overall
FDIC Certificate #12259
Year Established1928
Employees59
Primary RegulatorFDIC
Assets and Liabilities
Assets$274.28 million
Loans$38.65 million
Deposits$245.02 million
Equity Capital$23.91 million
Loan Loss Allowance$573,000
Real Estate Owned$0
Historic Data - December 2012
Assets$261.97 million
Equity Capital$27.35 million
Loan Loss Allowance$527,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin2.06%
Return on Assets0.85%
Return on Equity8.94%
Interest Income$5.60 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Lea County State Bank, we are a rate comparison website and can not provide official rates or promotions.

Lea County State Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$100-Savings

Lea County State Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.10%$100k-Money Market

Lea County State Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.02%$100-Preferred Plus
0.02%$100-Business Plus
0.02%$1k-Golden Value

Lea County State Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.81%$50k-5 Year CDARS CD
1.35%--60+ Month CD
0.91%$50k-3 Year CDARS CD
0.90%--48 - 59 Month CD
0.60%--36 - 47 Month CD
0.55%$50k-2 Year CDARS CD
0.55%--30 - 35 Month CD
0.50%--24 - 29 Month CD
0.25%$50k-1 Year CDARS CD
0.25%--18 - 23 Month CD
0.20%--12 - 17 Month CD
0.16%$50k-6 Month CDARS CD
0.10%$50k-3 Month CDARS CD
0.10%--120 - 149 Day CD
0.10%--150 - 179 Day CD
0.10%--180 - 364 Day CD
0.05%--60 - 89 Day CD
0.05%--90 - 119 Day CD

Lea County State Bank IRA Rates

DetailsAPYMINMAXPRODUCT
1.15%$100-60 Month IRA (Traditional,Roth)
0.90%$100-48 - 59 Month IRA (Traditional,Roth)
0.60%$100-36 - 47 Month IRA (Traditional,Roth)
0.50%$100-24 - 35 Month IRA (Traditional,Roth)
0.20%$100-12 - 23 Month IRA (Traditional,Roth)
0.15%$100-6 Month - 364 Day IRA (Traditional,Roth)
Locations


Lea County State Bank Locations
Lea County State Bank1017 North TurnerHobbs, NM 88241
Lovington Branch320 S. MainLovington, NM 88260
North Grimes Branch3927 North GrimesHobbs, NM 88240