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Overview / Commentary
500 Ninth Street
Alamogordo, NM 88310

Western Bank (22525) is headquartered in Alamogordo and is the 41st largest bank in the state of New Mexico. It is also the 5,465th largest bank in the nation. It was established in 1977 and as of March of 2014, it had grown to 29 employees at 2 locations. Western Bank (22525) has a B health rating.

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Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Western Bank (22525) has a relatively low asset base.

Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Western Bank (22525) had $1.14 million in non-current loans and owned real-estate with $10.33 million in equity and loan loss allowances on hand to cover it. This gives Western Bank (22525) a Texas Ratio of 11.03% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Western Bank (22525) decreased slightly from 15.34% as of March 31, 2013 to 11.03% as of March 31, 2014, resulting in a positive change of 28.07%.This indicates that the balance sheet and financial strength for Western Bank (22525) has improved slightly in recent periods.

Deposit Growth


In the past year, Western Bank (22525) has decreased its total deposits by $-1,000,000, resulting in -2% 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 Western Bank (22525) has shown is average.



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. Western Bank (22525) has $69.27 million in assets with $10.33 million in equity, resulting in a capitalization level of 14.92%, which is excellent.

Institution Statistics

FDIC Certificate #22525
Year Established1977
Primary RegulatorFDIC
Assets and Liabilities
Assets$69.27 million
Loans$33.79 million
Deposits$48.94 million
Equity Capital$9.88 million
Loan Loss Allowance$449,000
Unbacked Noncurrent Loans$277,000
Real Estate Owned$863,000
Historic Data - March 2013
Assets$70.23 million
Equity Capital$9.72 million
Loan Loss Allowance$486,000
Unbacked Noncurrent Loans$277,000
Real Estate Owned$1.46 million
Profit Margin - Quarterly
Return on Assets0.52%
Return on Equity3.61%
Interest Income$805,000

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Western Bank (22525) Locations
Tularosa Branch201 Saint Francis DriveTularosa, NM 88352
Western Bank500 Ninth StreetAlamogordo, NM 88310