Lea County State Bank


Overview / Commentary
575-397-4511
1017 N Turner St
Hobbs, NM 88240

Lea County State Bank is headquartered in HOBBS and is the 9th largest bank in the state of New Mexico. It is also the 1,390th largest bank in the nation. It was established in 1928 and as of December of 2024, it had grown to 88 employees at 3 locations. Lea County State Bank has a B+ health rating.

Reviews

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Health
B+

Health Grade Components

Overall
FDIC Certificate #12259
Year Established1928
Employees88
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.91%
Return on Equity - YTD33.65%
Annual Interest Income$36.8MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$688.2MM$666.8MM
LoansQ4 2024vs Q4 2023$229.2MM$240.7MM
DepositsQ4 2024vs Q4 2023$629.9MM$539.1MM
Equity CapitalQ4 2024vs Q4 2023$40.8MM$36.3MM
Loan Loss AllowanceQ4 2024vs Q4 2023$1.8MM$1.9MM
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$2.7MM$981K
Real Estate OwnedQ4 2024vs Q4 2023$0$0
Rates

Rates for Lea County State Bank are currently being reviewed.

Locations


Lea County State Bank Locations
Lea County State Bank1017 North TurnerHobbs, NM 88240
Lovington Branch320 S. MainLovington, NM 88260
North Grimes Branch3927 North GrimesHobbs, NM 88240

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