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Overview / Commentary
230 South Alameda
Las Cruces, NM 88005

Western Heritage Bank is headquartered in Las Cruces and is the 42nd largest bank in the state of New Mexico. It is also the 5,513st largest bank in the nation. It was established in 2000 and as of March of 2014, it had grown to 49 employees at 2 locations. Western Heritage Bank 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 Heritage Bank 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 Heritage Bank had $891,000 in non-current loans and owned real-estate with $9.56 million in equity and loan loss allowances on hand to cover it. This gives Western Heritage Bank a Texas Ratio of 9.32% 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 Heritage Bank decreased slightly from 11.28% as of March 31, 2013 to 9.32% as of March 31, 2014, resulting in a positive change of 17.44%.This indicates that the balance sheet and financial strength for Western Heritage Bank has improved slightly in recent periods.

Deposit Growth

GRADE:
C+

In the past year, Western Heritage Bank has decreased its total deposits by $-163,000, resulting in -0.28% 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 Heritage Bank has shown is 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 Heritage Bank has $67.61 million in assets with $9.56 million in equity, resulting in a capitalization level of 14.15%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #35492
Year Established2000
Employees49
Primary RegulatorFDIC
Assets and Liabilities
Assets$67.62 million
Loans$43.68 million
Deposits$57.66 million
Equity Capital$8.49 million
Loan Loss Allowance$1.08 million
Unbacked Noncurrent Loans$891,000
Real Estate Owned$0
Historic Data - March 2013
Assets$66.54 million
Equity Capital$7.10 million
Loan Loss Allowance$1.11 million
Unbacked Noncurrent Loans$891,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.32%
Return on Assets-0.06%
Return on Equity-0.55%
Interest Income$615,000
Rates
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Western Heritage Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.31%$50-Savings Account

Western Heritage Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.20%$5k$100kMMDA Checking
0.10%$1k-NOW Account

Western Heritage Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.00%$1k-5 Year CD
0.95%$1k-3 Year CD
0.85%$1k-2 Year CD
0.60%$1k-1 Year CD
0.40%$1k-6 Month CD
0.25%$1k-3 Month CD

Western Heritage Bank IRA Rates

DetailsAPYMINMAXPRODUCT
1.25%$1k-3 Year IRA
1.00%$1k-2 Year IRA
0.75%$1k-18 Month IRA
0.50%$1k-1 Year IRA
Locations


Western Heritage Bank Locations
Maple Street Branch108 West Maple StreetDeming, NM 88030
Western Heritage Bank230 South AlamedaLas Cruces, NM 88005