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Overview / Commentary
901 Pile Street
Clovis, NM 88101

Western Bank of Clovis is headquartered in Clovis and is the 43rd largest bank in the state of New Mexico. It is also the 5,927th largest bank in the nation. It was established in 1975 and as of March of 2014, it had grown to 13 employees at 2 locations. Western Bank of Clovis has a B+ health rating.

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Health

Data for Q1 2014

Institution Health

B+
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 of Clovis has a relatively low asset base.

Texas Ratio

GRADE:
A+

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 of Clovis had $313,000 in non-current loans and owned real-estate with $7.44 million in equity and loan loss allowances on hand to cover it. This gives Western Bank of Clovis a Texas Ratio of 4.21% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Deposit Growth

GRADE:
B

In the past year, Western Bank of Clovis has increased its total deposits by $248,000, resulting in 0.66% 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 of Clovis has shown is above 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. Western Bank of Clovis has $51.5 million in assets with $7.44 million in equity, resulting in a capitalization level of 14.45%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #22059
Year Established1975
Employees13
Primary RegulatorFDIC
Assets and Liabilities
Assets$51.50 million
Loans$31.47 million
Deposits$37.76 million
Equity Capital$6.87 million
Loan Loss Allowance$571,000
Unbacked Noncurrent Loans$313,000
Real Estate Owned$0
Historic Data - March 2013
Assets$52.13 million
Equity Capital$6.82 million
Loan Loss Allowance$584,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin5.02%
Return on Assets0.64%
Return on Equity4.86%
Interest Income$663,000
Rates

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Locations


Western Bank of Clovis Locations
Portales Branch220 North Chicago AvenuePortales, NM 88130
Western Bank Of Clovis901 Pile StreetClovis, NM 88101