Centinel Bank of Taos

Overview / Commentary
512 Paseo Del Pueblo Sur
Taos, NM 87571

Centinel Bank of Taos is headquartered in TAOS and is the 14th largest bank in the state of New Mexico. It is also the 2,024th largest bank in the nation. It was established in 1969 and as of September of 2023, it had grown to 54 employees at 2 locations. Centinel Bank of Taos' money market rates are 6X the national average, and it has a B+ health rating.

Reviews (1)

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.


Health Grade Components

FDIC Certificate #19904
Year Established1969
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.12%
Return on Equity - YTD46.33%
Annual Interest Income$11.2MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$405MM$387.9MM
LoansQ3 2023vs Q3 2022$140.1MM$131.2MM
DepositsQ3 2023vs Q3 2022$385.1MM$369.9MM
Equity CapitalQ3 2023vs Q3 2022$16.1MM$15MM
Loan Loss AllowanceQ3 2023vs Q3 2022$1.7MM$1.8MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$0$153K
Real Estate OwnedQ3 2023vs Q3 2022$0$0
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Always verify rates and promotions with the bank or credit union. We are not Centinel Bank of Taos; 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.

Centinel Bank of Taos Savings Account Rates

0.80%--Minor Savings Account
0.80%--Simple Savings Account
0.80%--Enterprise Savings Account
0.50%--Health Savings Account (HSA)

Centinel Bank of Taos Money Market Rates

2.52%*$1m*-Business Money Market Deposit Account (MMDA)
OTHER TIERS: 0.85% Up to $75k | 1.00% $75k - $250k | 1.96% $250k - $500k | 2.47% $500k - $1m
2.42%*$1m*-Personal Money Market Deposit Account (MMDA)
OTHER TIERS: 0.85% Up to $25k | 1.00% $25k - $75k | 1.36% $75k - $150k | 1.56% $150k - $250k | 2.02% $250k+ | 2.27% $500k - $1m

Centinel Bank of Taos Checking Account Rates

0.40%--Personal NOW Checking
0.40%--Enterprise NOW Checking

Centinel Bank of Taos CD Rates

4.70%$1k-1 Year CD
4.19%$1k-182 Day CD
3.80%$1k-91 Day CD
3.50%$1k-2 Year CD
3.10%$1k-5 Year CD
3.05%$1k-4 Year CD
3.00%$1k-3 Year CD

Centinel Bank of Taos IRA Rates

3.60%$1k-5 Year IRA CD
3.55%$1k-30 Month IRA CD
3.50%$1k-18 Month IRA CD

Centinel Bank of Taos Locations
Centinel Bank Of Taos512 Paseo Del Pueblo SurTaos, NM 87571
Northside Branch707 Paseo Del Pueblo NorteTaos, NM 87571

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