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505-830-8100
320 Gold Street, S.W.
Albuquerque, NM 87102

New Mexico Bank & Trust serves the personal and business banking needs of the community. Their professional staff offers the highest level of service based on respect for the customer, banking expertise and the highest ethical standards.

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Reviews (1)

Customer Service Used To Be MUCH Better

I have had an account with NMB&T since 1997 or 98.  Until a few years ago it was an exceptionally good bank with great customer service.  I don't know what changed on their end but this relationship is slowly ending.  There have been several major errors in information that I received over the phone that cost me a lot of time and money. Then they started charging me a service fee to use my card, on top of what I pay for the other banks ATM.  They have no ATMs where I live, the closest is 60 miles.  Every time I use the card the fees are close to $5 now, or I can drive 60 miles.  Not only did they start charging the $1.50 but the initially did it twice for one transaction.  They really don't care anymore and I really don't see much point in having an account with them.  I have opened an account at NMEFCU.



Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
B+

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 New Mexico Bank & Trust had $13.76 million in non-current loans and owned real-estate with $101.58 million in equity and loan loss allowances on hand to cover it. This gives New Mexico Bank & Trust a Texas Ratio of 13.55% which is above 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 New Mexico Bank & Trust decreased dramatically from 20.30% as of December 31, 2012 to 13.55% as of December 31, 2013, resulting in a positive change of 33.26%.This indicates that the balance sheet and financial strength for New Mexico Bank & Trust has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, New Mexico Bank & Trust has increased its total deposits by $44.13 million, resulting in 6.12% 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 New Mexico Bank & Trust has shown is excellent.

Capitalization

GRADE:
B

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. New Mexico Bank & Trust has $1.03 billion in assets with $101.58 million in equity, resulting in a capitalization level of 9.84%, which is above average.

Institution Statistics

Overall
FDIC Certificate #34726
Year Established1998
Employees188
Primary RegulatorFDIC
Assets and Liabilities
Assets$1.03 billion
Loans$523.82 million
Deposits$765.57 million
Equity Capital$94.38 million
Loan Loss Allowance$7.20 million
Unbacked Noncurrent Loans$6.88 million
Real Estate Owned$6.88 million
Historic Data - December 2012
Assets$1.03 billion
Equity Capital$98.59 million
Loan Loss Allowance$6.84 million
Unbacked Noncurrent Loans$6.88 million
Real Estate Owned$10.69 million
Profit Margin - Quarterly
Net Interest Margin3.33%
Return on Assets0.9%
Return on Equity9.55%
Interest Income$35.30 million
Rates
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New Mexico Bank & Trust Checking Account Rates

DetailsAPYMINMAXPRODUCT
1.51%-$20kCash Rewards Checking
0.01%--Cash Rewards Checking

New Mexico Bank & Trust CD Rates

DetailsAPYMINMAXPRODUCT
0.95%$1k-60 Month CD
0.65%$1k-48 Month CD
0.45%$1k-36 Month CD
0.35%$1k-24 Month CD
0.25%$1k-18 Month CD
0.20%$1k-12 Month CD
0.15%$1k-6 Month CD
0.10%$1k-3 Month CD

New Mexico Bank & Trust IRA Rates

DetailsAPYMINMAXPRODUCT
1.00%$1k-60 Month IRA
0.70%$1k-48 Month IRA
0.50%$1k-36 Month IRA
0.40%$1k-24 Month IRA
0.30%$1k-18 Month IRA
0.25%$1k-12 Month IRA
0.15%$1k-6 Month IRA
0.10%$1k-3 Month IRA
Locations

New Mexico Bank & Trust has 16 locations. Click to view all New Mexico Bank & Trust locations.