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Overview / Commentary
127 South Canyon Street
Carlsbad, NM 88220

Western Commerce Bank is headquartered in Carlsbad and is the 10st largest bank in the state of New Mexico. It is also the 1,576th largest bank in the nation. It was established in 1961 and as of March of 2014, it had grown to 97 employees at 12 locations. Western Commerce Bank 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 Commerce Bank had $5.03 million in non-current loans and owned real-estate with $34.15 million in equity and loan loss allowances on hand to cover it. This gives Western Commerce Bank a Texas Ratio of 14.73% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for Western Commerce Bank decreased dramatically from 22.28% as of March 31, 2013 to 14.73% as of March 31, 2014, resulting in a positive change of 33.88%.This indicates that the balance sheet and financial strength for Western Commerce Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Western Commerce Bank has increased its total deposits by $23.35 million, resulting in 6.35% 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 Commerce Bank has shown is excellent.

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 Commerce Bank has $427.51 million in assets with $34.15 million in equity, resulting in a capitalization level of 7.99%, which is below average.

Institution Statistics

Overall
FDIC Certificate #18389
Year Established1961
Employees97
Primary RegulatorFDIC
Assets and Liabilities
Assets$427.51 million
Loans$172.20 million
Deposits$391.11 million
Equity Capital$32.42 million
Loan Loss Allowance$1.73 million
Unbacked Noncurrent Loans$400,000
Real Estate Owned$4.63 million
Historic Data - March 2013
Assets$404.54 million
Equity Capital$31.55 million
Loan Loss Allowance$1.92 million
Unbacked Noncurrent Loans$400,000
Real Estate Owned$6.13 million
Profit Margin - Quarterly
Net Interest Margin3.53%
Return on Assets1.59%
Return on Equity19.85%
Interest Income$3.68 million
Rates

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Locations

Western Commerce Bank has 12 locations. Click to view all Western Commerce Bank locations.