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.
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.
Overall | |
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FDIC Certificate # | 19904 |
Year Established | 1969 |
Employees | 50 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 1.73% |
Return on Equity - YTD | 26.02% |
Annual Interest Income | $5.6MM |
Assets and Liabilities | ||
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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 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.20% | - | - | Minor Savings Account | |
0.20% | - | - | Simple Savings Account | |
0.20% | - | - | Health Savings Account (HSA) | |
0.20% | - | - | Enterprise Savings Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.20% | - | - | Personal NOW Checking | |
0.20% | - | - | Enterprise NOW Checking |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
3.33% | $1k | - | 182 Day CD | |
3.19% | $1k | - | 91 Day CD | |
3.14% | $1k | - | 1 Year CD | |
2.65% | $1k | - | 2 Year CD | |
2.35% | $1k | - | 3 Year CD | |
2.25% | $1k | - | 4 Year CD | |
2.05% | $1k | - | 5 Year CD |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
2.65% | $1k | - | 18 Month IRA CD | |
2.35% | $1k | - | 30 Month IRA CD | |
2.05% | $1k | - | 5 Year IRA CD |
Centinel Bank of Taos Locations | ||
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Centinel Bank Of Taos | 512 Paseo Del Pueblo Sur | Taos, NM 87571 |
Northside Branch | 707 Paseo Del Pueblo Norte | Taos, NM 87571 |