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Overview / Commentary
575-769-9000
300 Main Street
Clovis, NM 88101

The Bank of Clovis is headquartered in Clovis and is the 22nd largest bank in the state of New Mexico. It is also the 3,198th largest bank in the nation. It was established in 2000 and as of December of 2013, it had grown to 27 employees at 2 locations. The Bank of Clovis has a B+ health rating.

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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 The Bank of Clovis had $874,000 in non-current loans and owned real-estate with $21.86 million in equity and loan loss allowances on hand to cover it. This gives The Bank of Clovis a Texas Ratio of 4.00% 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 The Bank of Clovis experienced no significant changes from 4.29% as of December 31, 2012 to 4.00% as of December 31, 2013, resulting in a positive change of 6.81%.This indicates that the balance sheet and financial strength for The Bank of Clovis has had no significant changes in recent periods.

Deposit Growth

GRADE:
C-

In the past year, The Bank of Clovis has decreased its total deposits by -$5.3 million, resulting in -3.5% 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 The Bank of Clovis 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. The Bank of Clovis has $187.55 million in assets with $21.86 million in equity, resulting in a capitalization level of 11.66%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #57022
Year Established2000
Employees27
Primary RegulatorFDIC
Assets and Liabilities
Assets$187.55 million
Loans$88.09 million
Deposits$146.15 million
Equity Capital$20.92 million
Loan Loss Allowance$945,000
Unbacked Noncurrent Loans$543,000
Real Estate Owned$331,000
Historic Data - December 2012
Assets$177.90 million
Equity Capital$20.83 million
Loan Loss Allowance$1.08 million
Unbacked Noncurrent Loans$543,000
Real Estate Owned$458,000
Profit Margin - Quarterly
Net Interest Margin3.58%
Return on Assets0.96%
Return on Equity8.22%
Interest Income$7.05 million
Rates

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

The Bank of Clovis Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$50-Saving Account

The Bank of Clovis Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$50-Money Market Account

The Bank of Clovis Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$50-Interest Checking

The Bank of Clovis CD Rates

DetailsAPYMINMAXPRODUCT
1.76%$5k-5 Year CD
1.00%$5k-3 Year CD
0.50%$5k-2 Year CD
0.40%$5k-1 Year CD
0.35%$5k-6 Month CD

The Bank of Clovis IRA Rates

DetailsAPYMINMAXPRODUCT
1.87%$100-5 Year IRA
1.11%$100-3 Year IRA
0.60%$100-2 Year IRA
0.50%$100-1 Year IRA
0.45%$100-6 Month IRA
Locations


The Bank of Clovis Locations
North Prince Street Branch2211 North Prince StreetClovis, NM 88101
The Bank Of Clovis300 Main StreetClovis, NM 88101