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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 5,527th largest bank in the nation. It was established in 2000 and as of December of 2013, it had grown to 50 employees at 2 locations. Western Heritage Bank has a B health rating.

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Health

Data for Q4 2013

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:
B+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Western Heritage Bank had $999,000 in non-current loans and owned real-estate with $8.58 million in equity and loan loss allowances on hand to cover it. This gives Western Heritage Bank a Texas Ratio of 11.65% which is above average. 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 14.32% as of December 31, 2012 to 11.65% as of December 31, 2013, resulting in a positive change of 18.66%.This indicates that the balance sheet and financial strength for Western Heritage Bank has improved slightly in recent periods.

Deposit Growth

GRADE:
D

In the past year, Western Heritage Bank has decreased its total deposits by -$3.51 million, resulting in -5.57% 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 below 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 $68.34 million in assets with $8.58 million in equity, resulting in a capitalization level of 12.55%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #35492
Year Established2000
Employees50
Primary RegulatorFDIC
Assets and Liabilities
Assets$68.34 million
Loans$38.21 million
Deposits$59.48 million
Equity Capital$7.50 million
Loan Loss Allowance$1.08 million
Unbacked Noncurrent Loans$999,000
Real Estate Owned$0
Historic Data - December 2012
Assets$78.49 million
Equity Capital$6.78 million
Loan Loss Allowance$1.08 million
Unbacked Noncurrent Loans$999,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.97%
Return on Assets1.02%
Return on Equity9.95%
Interest Income$2.90 million
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