Centinel Bank of Taos is headquartered in Taos and is the 16th largest bank in the state of New Mexico. It is also the 2,103rd largest bank in the nation. It was established in 1969 and as of June of 2022, it had grown to 50 employees at 2 locations. Centinel Bank of Taos' money market rates are 4X the national average, and it has an A health rating.
What it means to be a small town bank
I moved to Taos in the 00's and was looking for a good local branch to do my banking. I evaluated many of the banks in the area and I easily decided on Centinel. It's a small, family owned bank that hasn't been around that long but has made a big impact on the area. Nearly everyone I know has at least one account there. They have the best people in town behind their windows. It's always a pleasure to go in an do whatever banking I need because I get to see those friendly faces. They have implemented both online and mobile banking which is a must for me and it works for my needs. It's not the fanciest app, but it works. I do a lot of selling on the Internet and I've never had issues with transfers in or out. I haven't used their loan services, but I know my people in town have, and they are great to work with.
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 19904 |
| Year Established | 1969 |
| Employees | 50 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.73% |
| Return on Equity - YTD | 26.02% |
| Annual Interest Income | $5.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $386.1MM$379.2MM |
| Loans | Q2 2022vs Q2 2021 | $124.1MM$121.1MM |
| Deposits | Q2 2022vs Q2 2021 | $362.0MM$344.2MM |
| Equity Capital | Q2 2022vs Q2 2021 | $21.2MM$32.2MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $1.8MM$1.8MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $92.00K$19.00K |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$240.00K |