Western Bank of Clovis is headquartered in Clovis and is the 43rd largest bank in the state of New Mexico. It is also the 5,889th largest bank in the nation. It was established in 1975 and as of June of 2014, it had grown to 13 employees at 2 locations. Western Bank of Clovis has a B+ health rating.
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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 June 30, 2014 Western Bank of Clovis had $311,000 in non-current loans and owned real-estate with $7.49 million in equity and loan loss allowances on hand to cover it. This gives Western Bank of Clovis a Texas Ratio of 4.15% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
In the past year, Western Bank of Clovis has decreased its total deposits by $-247,000, 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 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 of Clovis has $50.6 million in assets with $7.49 million in equity, resulting in a capitalization level of 14.80%, which is excellent.
|FDIC Certificate #||22059|
|Assets and Liabilities|
|Equity Capital||$6.92 million|
|Loan Loss Allowance||$571,000|
|Unbacked Noncurrent Loans||$298,000|
|Real Estate Owned||$13,000|
|Historic Data - June 2013|
|Equity Capital||$6.95 million|
|Loan Loss Allowance||$584,000|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Return on Assets||0.5%|
|Return on Equity||3.73%|
|Interest Income||$1.27 million|
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|Western Bank of Clovis Locations|
|Portales Branch||220 North Chicago Avenue||Portales, NM 88130|
|Western Bank Of Clovis||901 Pile Street||Clovis, NM 88101|