Overview / Commentary
824 West Santa Fe Avenue
Grants, NM 87020

Bank of New Mexico is headquartered in Grants and is the 27th largest bank in the state of New Mexico. It is also the 3,413th largest bank in the nation. It was established in 1947 and as of March of 2018, it had grown to 40 employees at 4 locations. Bank of New Mexico has a B+ health rating.


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Health Grade Components

FDIC Certificate #16590
Year Established1947
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.11%
Return on Equity - YTD11.55%
Annual Interest Income$1.4MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$154.9MM$156.3MM
LoansQ1 2018vs Q1 2017$71.0MM$66.2MM
DepositsQ1 2018vs Q1 2017$140.0MM$140.4MM
Equity CapitalQ1 2018vs Q1 2017$14.3MM$15.4MM
Loan Loss AllowanceQ1 2018vs Q1 2017$1.3MM$948.00K
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$1.3MM$169.00K
Real Estate OwnedQ1 2018vs Q1 2017$0$0
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Always verify rates and promotions with the bank or credit union. We are not Bank of New Mexico; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Bank of New Mexico Savings Account Rates

0.10%--Keep It Simple Savings
0.10%--Pay Yourself First (PYF) Savings
0.10%--Learn to Save Youth Savings
0.10%$100-Savings Account
0.10%--SBA Savings

Bank of New Mexico Money Market Rates

0.30%*$100k*$100mLiquid Money Market Deposit Account
OTHER TIERS: 0.10% Up to $10k | 0.20% $10k - $50k | 0.25% $50k - $100k
0.30%*$500k*-High Yeild/High Balance Money Market Deposit Account (MMDA)
OTHER TIERS: 0.10% $2,500 - $500k
0.30%*$100k*-Money Market Deposit Account
OTHER TIERS: 0.10% $2,500 - $10k | 0.20% $10k - $50k | 0.25% $50k - $100k
0.30%*$100k*-SBA MMDA Personal
OTHER TIERS: 0.10% Up to $10k | 0.20% $10k - $50k | 0.25% $50k - $100k
0.30%*$100k*-MMDA Personal-Special
OTHER TIERS: 0.10% Up to $10k | 0.20% $10k - $50k | 0.25% $50k - $100k
0.15%*$50k*-SBA MMDA Business
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $50k

Bank of New Mexico Checking Account Rates

0.25%*$100k*$100mPremium Relationship Checking Account
OTHER TIERS: 0.10% Up to $25k | 0.20% $25k - $100k
0.25%*$100k*-Business Checking with Interest
OTHER TIERS: 0.10% Up to $25k | 0.20% $25k - $100k
0.15%*$50k*-SBA Interest Checking
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $50k
0.10%--Relationship Value Checking
0.10%--Banking on the Job Checking
0.10%$500-NOW Account - Personal
0.10%--Small Business/Non Profit Checking with Interest
0.10%--SBA Preferred Checking
0.10%--Senior Value Checking
0.05%$500-Golden Security Account

Bank of New Mexico CD Rates

1.50%*$100k*-60 Months CD
OTHER TIERS: 1.15% $1k - $10k | 1.20% $10k - $25k | 1.25% $25k - $50k | 1.35% $50k - $100k
1.15%*$100k*-48 Months CD
OTHER TIERS: 0.90% $1k - $10k | 0.95% $10k - $25k | 1.00% $25k - $50k | 1.05% $50k - $100k
0.85%*$100k*-36 Months CD
OTHER TIERS: 0.65% $1k - $10k | 0.70% $10k - $25k | 0.75% $25k - $50k | 0.80% $50k - $100k
0.60%*$100k*$100m24 Months CD
OTHER TIERS: 0.50% $1k - $25k | 0.55% $25k - $100k
0.55%*$100k*-18 Months CD
OTHER TIERS: 0.45% $1k - $25k | 0.50% $25k - $100k
0.45%*$100k*-12 Months CD
OTHER TIERS: 0.35% $1k - $25k | 0.40% $25k - $100k
0.35%*$100k*-183-364 Days CD
OTHER TIERS: 0.20% $1k - $25k | 0.30% $25k - $100k
0.30%*$100k*-91-182 Days CD
OTHER TIERS: 0.15% $1k - $10k | 0.20% $10k - $25k | 0.25% $25k - $100k
0.25%*$100k*$100m30-90 Days CD
OTHER TIERS: 0.10% $1k - $10k | 0.15% $10k - $25k | 0.20% $25k - $100k

Bank of New Mexico IRA Rates

0.95%*$75k*-36 Month IRA
OTHER TIERS: 0.75% $500 - $10k | 0.85% $10k - $75k
0.70%*$75k*-24 Month IRA
OTHER TIERS: 0.60% $500 - $10k | 0.65% $10k - $75k
0.55%*$75k*-12 Month IRA
OTHER TIERS: 0.45% $500 - $10k | 0.50% $10k - $75k
0.45%*$75k*-182 Day IRA
OTHER TIERS: 0.35% $500 - $10k | 0.40% $10k - $75k

Bank of New Mexico Locations
Milan Branch609 West Highway 66Milan, NM 87021
Grants State Bank824 West Santa Fe AvenueGrants, NM 87020
Gallup Branch1600 East Highway 66Gallup, NM 87301
Albuquerque Branch7401 Jefferson Street NortheastAlbuquerque, NM 87109

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