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Overview / Commentary
505-864-3301
19339 Highway 314
Belen, NM 87002

My Bank is headquartered in Belen and is the 27th largest bank in the state of New Mexico. It is also the 3,616st largest bank in the nation. It was established in 1992 and as of December of 2013, it had grown to 54 employees at 5 locations. My Bank has a B health rating.

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Health

Data for Q4 2013

Institution Health

B

Texas Ratio

GRADE:
C+

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 My Bank had $4.87 million in non-current loans and owned real-estate with $17.82 million in equity and loan loss allowances on hand to cover it. This gives My Bank a Texas Ratio of 27.31% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for My Bank decreased dramatically from 39.12% as of December 31, 2012 to 27.31% as of December 31, 2013, resulting in a positive change of 30.19%.This indicates that the balance sheet and financial strength for My Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
C-

In the past year, My Bank has decreased its total deposits by -$4.84 million, resulting in -3.4% 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 below 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. My Bank has $156.6 million in assets with $17.82 million in equity, resulting in a capitalization level of 11.38%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #33616
Year Established1992
Employees54
Primary RegulatorFED
Assets and Liabilities
Assets$156.60 million
Loans$75.33 million
Deposits$137.25 million
Equity Capital$15.61 million
Loan Loss Allowance$2.21 million
Unbacked Noncurrent Loans$2.19 million
Real Estate Owned$2.68 million
Historic Data - December 2012
Assets$164.13 million
Equity Capital$16.11 million
Loan Loss Allowance$2.21 million
Unbacked Noncurrent Loans$2.19 million
Real Estate Owned$3.90 million
Profit Margin - Quarterly
Net Interest Margin4.03%
Return on Assets0.26%
Return on Equity2.71%
Interest Income$6.56 million
Rates

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

My Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.20%$50-Christmas Club
0.20%$50-Vacation Club
0.08%$50k-Regular Savings
0.08%$50k-Minor Savings

My Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.15%$25k-Preferred Money Market

My Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$500-Prime Plus Checking
0.05%$500-Exceptional Checking
0.05%$500-Diamond Business Checking
0.05%$500-Platinum Business Checking

My Bank CD Rates

DetailsAPYMINMAXPRODUCT
0.90%$1k-5 Year CD
0.50%$1k-24 Month CD
0.50%$1k-30 Month CD
0.40%$1k-18 Month CD
0.25%$1k-12 Month CD
0.25%$50-Jump Start CD
0.15%$1k-6 Month CD
0.10%$1k-3 Month CD

My Bank IRA Rates

DetailsAPYMINMAXPRODUCT
0.90%$500-5 Year IRA
0.50%$500-2 Year IRA
0.25%$500-1 Year IRA
Locations


My Bank Locations
My Bank19339 Highway 314Belen, NM 87002
2199 Main Street2199 Main StLos Lunas, NM 87031
307 West Broadway Street Branch307 West Broadway StreetMountainair, NM 87036
394 Rio Communities Blvd Branch394 Rio Communities Blvd BranchBelen, NM 87002
6000 Montgomery Blvd Branch6000 Montgomery BlvdAlbuquerque, NM 87109