New Mexico Bank & Trust is headquartered in ALBUQUERQUE and is the largest bank in the state of New Mexico. It is also the 437th largest bank in the nation. It was established in 1998 and as of March of 2023, it had grown to 141 employees at 21 locations. New Mexico Bank & Trust has a B health rating.
Customer Service Used To Be MUCH Better
I have had an account with NMB&T since 1997 or 98. Until a few years ago it was an exceptionally good bank with great customer service. I don't know what changed on their end but this relationship is slowly ending. There have been several major errors in information that I received over the phone that cost me a lot of time and money. Then they started charging me a service fee to use my card, on top of what I pay for the other banks ATM. They have no ATMs where I live, the closest is 60 miles. Every time I use the card the fees are close to $5 now, or I can drive 60 miles. Not only did they start charging the $1.50 but the initially did it twice for one transaction. They really don't care anymore and I really don't see much point in having an account with them. I have opened an account at NMEFCU.
Data as of Q1 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 34726 |
| Year Established | 1998 |
| Employees | 141 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.53% |
| Return on Equity - YTD | 24.22% |
| Annual Interest Income | $28.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2023vs Q1 2022 | $2.63B$2.58B |
| Loans | Q1 2023vs Q1 2022 | $1.31B$1.37B |
| Deposits | Q1 2023vs Q1 2022 | $2.36B$2.33B |
| Equity Capital | Q1 2023vs Q1 2022 | $176.3MM$191.9MM |
| Loan Loss Allowance | Q1 2023vs Q1 2022 | $11.9MM$12.1MM |
| Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $5.2MM$4.5MM |
| Real Estate Owned | Q1 2023vs Q1 2022 | $1.2MM$1.7MM |
