Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
505-880-1700
2424 Louisiana N.E., American Financial Center, Building 1
Albuquerque, NM 87110

Main Bank is headquartered in Albuquerque and is the 38th largest bank in the state of New Mexico. It is also the 4,535th largest bank in the nation. It was established in 1975 and as of December of 2013, it had grown to 31 employees at 1 location. Main Bank has a B+ health rating.

No reviews have been left for this bank yet. Be the first to review.



Health

Data for Q4 2013

Institution Health

B+

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 Main Bank had $1.15 million in non-current loans and owned real-estate with $13.12 million in equity and loan loss allowances on hand to cover it. This gives Main Bank a Texas Ratio of 8.80% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Main Bank experienced no significant changes from 8.41% as of December 31, 2012 to 8.80% as of December 31, 2013, resulting in a negative change of 4.55%. This indicates that the balance sheet and financial strength for Main Bank has had no significant changes in recent periods.

Deposit Growth

GRADE:
F

In the past year, Main Bank has decreased its total deposits by -$18.75 million, resulting in -16.36% 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 Main Bank has shown is poor.

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. Main Bank has $108.64 million in assets with $13.12 million in equity, resulting in a capitalization level of 12.07%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #22086
Year Established1975
Employees31
Primary RegulatorFDIC
Assets and Liabilities
Assets$108.64 million
Loans$72.03 million
Deposits$95.87 million
Equity Capital$12.44 million
Loan Loss Allowance$677,000
Unbacked Noncurrent Loans$827,000
Real Estate Owned$327,000
Historic Data - December 2012
Assets$126.70 million
Equity Capital$11.56 million
Loan Loss Allowance$632,000
Unbacked Noncurrent Loans$827,000
Real Estate Owned$575,000
Profit Margin - Quarterly
Net Interest Margin3.75%
Return on Assets1.31%
Return on Equity12.83%
Interest Income$4.50 million
Rates

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

Main Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.45%$5k-MainStream Savings Account
0.45%$5k-MainStream Savings Account II
0.45%$5k-MainStream Savings Account III
0.45%$2,500-MainStay Savings Account
0.17%$25k-Health Savings Account
0.10%$100-Personal Savings
0.10%$500-Basic Business Savings

Main Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.17%$50k$1mBusiness Main Money Account
0.07%$1k-Money Market Account

Main Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$1k-Now Personal Checking Account
0.05%$750-Basic Business Checking Plus Interest

Main Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.10%$1k-36 Month CD
0.70%$1k-24 Month CD
0.55%$1k-18 Month CD
0.40%$1k-12 Month CD
0.35%$1k-6 Month CD

Main Bank IRA Rates

DetailsAPYMINMAXPRODUCT
0.70%$500-24 Month IRA CD
0.40%$500-12 Month IRA CD
Locations


Main Bank Locations
Main Bank2424 Louisiana N.e., American Financial Center, Building 1Albuquerque, NM 87110