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Overview / Commentary
320 West Texas Avenue
Artesia, NM 88210

Western Bank, Artesia, New Mexico is headquartered in Artesia and is the 24th largest bank in the state of New Mexico. It is also the 3,313st largest bank in the nation. It was established in 1948 and as of December of 2013, it had grown to 28 employees at 1 location. Western Bank, Artesia, New Mexico 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 Western Bank, Artesia, New Mexico had $1.37 million in non-current loans and owned real-estate with $15.33 million in equity and loan loss allowances on hand to cover it. This gives Western Bank, Artesia, New Mexico a Texas Ratio of 8.92% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B

The Texas Ratio for Western Bank, Artesia, New Mexico decreased slightly from 10.07% as of December 31, 2012 to 8.92% as of December 31, 2013, resulting in a positive change of 11.41%.This indicates that the balance sheet and financial strength for Western Bank, Artesia, New Mexico has improved slightly in recent periods.

Deposit Growth

GRADE:
D

In the past year, Western Bank, Artesia, New Mexico has decreased its total deposits by -$12.69 million, resulting in -7.23% 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, Artesia, New Mexico has shown is below average.

Capitalization

GRADE:
C

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, Artesia, New Mexico has $177.29 million in assets with $15.33 million in equity, resulting in a capitalization level of 8.65%, which is average.

Institution Statistics

Overall
FDIC Certificate #16720
Year Established1948
Employees28
Primary RegulatorFDIC
Assets and Liabilities
Assets$177.29 million
Loans$65.61 million
Deposits$162.81 million
Equity Capital$14.37 million
Loan Loss Allowance$965,000
Unbacked Noncurrent Loans$431,000
Real Estate Owned$936,000
Historic Data - December 2012
Assets$192.21 million
Equity Capital$16.58 million
Loan Loss Allowance$864,000
Unbacked Noncurrent Loans$431,000
Real Estate Owned$482,000
Profit Margin - Quarterly
Net Interest Margin3.4%
Return on Assets1.99%
Return on Equity23.39%
Interest Income$6.17 million
Rates

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Locations


Western Bank, Artesia, New Mexico Locations
Western Bank, Artesia, New Mexico320 West Texas AvenueArtesia, NM 88210