My Bank

My Bank is headquartered in Belen and is the 27^th largest bank in the state of New Mexico. It is also the 3,550^th largest bank in the nation. It was established in 1992 and as of March of 2012, it had grown to 56 employees at 5 locations. My Bank has a 3-star health rating.

My Bank Routing Number: 107006253

My Bank Checking Account Rates

My Bank Savings Account Rates

My Bank Money Market Rates

My Bank CD Rates

My Bank IRA Rates

Data for Q1 2012

Institution Statistics My Bank FDIC Certificate # 33616 BankRate Report View Year Established 1992 Employees 56 Primary Regulator FED Assets and Liabilities Assets $168.96 million Loans $84.44 million Deposits $145.18 million Equity Capital $15.68 million Loan Loss Allowance $2.19 million Unbacked Noncurrent Loans $5.37 million Real Estate Owned $3.22 million Historic Data - March 2011 Assets $161.69 million Equity Capital $15.23 million Loan Loss Allowance $1.95 million Unbacked Noncurrent Loans $5.11 million Real Estate Owned $1.88 million Profit Margin - Quarterly Net Interest Margin 4.17% Return on Assets 0.47% Return on Equity 4.97% Interest Income $1.83 million

Institution Health Overall Score: 3 out of 5 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 March 31, 2012 My Bank had $8.59 million in non-current loans and owned real-estate with $17.87 million in equity and loan loss allowances on hand to cover it. This gives My Bank a Texas Ratio of 48.06% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for My Bank increased slightly from 40.70% as of March 31, 2011 to 48.06% as of March 31, 2012, resulting in a negative change of 18.10%. This indicates that the balance sheet and financial strength for My Bank has declined slightly in recent periods. Deposit Growth In the past year, My Bank has increased its total deposits by $5.78 million, resulting in 4.15% 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 My Bank has shown is above average. Capitalization 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. My Bank has $168.96 million in assets with $17.87 million in equity, resulting in a capitalization level of 10.58%, which is above average.

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