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Overview / Commentary
140 East Motel Drive
Lordsburg, NM 88045

Western Bank (NM) is headquartered in Lordsburg and is the 29th largest bank in the state of New Mexico. It is also the 3,602nd largest bank in the nation. It was established in 1907 and as of March of 2014, it had grown to 52 employees at 5 locations. Western Bank (NM) has a B+ health rating.

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Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
B

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 (NM) had $3.51 million in non-current loans and owned real-estate with $21.23 million in equity and loan loss allowances on hand to cover it. This gives Western Bank (NM) a Texas Ratio of 16.53% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Western Bank (NM) experienced no significant changes from 17.80% as of March 31, 2013 to 16.53% as of March 31, 2014, resulting in a positive change of 7.11%.This indicates that the balance sheet and financial strength for Western Bank (NM) has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Western Bank (NM) has increased its total deposits by $8 million, resulting in 6.26% 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 (NM) has shown is excellent.

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. Western Bank (NM) has $157.61 million in assets with $21.23 million in equity, resulting in a capitalization level of 13.47%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #2249
Year Established1907
Employees52
Primary RegulatorFED
Assets and Liabilities
Assets$157.61 million
Loans$66.28 million
Deposits$135.77 million
Equity Capital$18.85 million
Loan Loss Allowance$2.39 million
Unbacked Noncurrent Loans$3.20 million
Real Estate Owned$309,000
Historic Data - March 2013
Assets$151.03 million
Equity Capital$18.36 million
Loan Loss Allowance$2.33 million
Unbacked Noncurrent Loans$3.20 million
Real Estate Owned$323,000
Profit Margin - Quarterly
Net Interest Margin3.91%
Return on Assets0.82%
Return on Equity6.87%
Interest Income$1.49 million
Rates

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Locations


Western Bank (NM) Locations
Bisbee Branch1 Main StreetBisbee, AZ 85603
Western Bank140 East Motel DriveLordsburg, NM 88045
Willcox Branch200 West Rex Allen DriveWillcox, AZ 85643
Silver City Branch333 Hwy 180 WestSilver City, NM 88061
Main Street Branch711 Main StreetLordsburg, NM 88045