Bank 1st

2900 Louisiana, N.E., South Building
Albuquerque, NM 87110

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 34554
Date Established 1997
Assets $0.06 billion
Loans $0.03 billion
Deposits $0.06 billion
Capital $0.00 billion

Bank 1st is an FDIC insured institution located in Albuquerque, NM. It was founded in 1997 and has approximately $0.06 billion in assets.

For a more detailed analysis of Bank 1st's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Bank 1st’s loan portfolio are Commercial Real Estate, Small Business Loans, and Commercial and Industrial Loans.

Compared to other banks in New Mexico, Bank 1st has a significantly higher percent of Small Business Loans, Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 8.38
Multifamily
Mortgages
1.71
Credit Card Loans 0.00
Consumer Auto Loans 0.02
Small Business Loans 31.10
Construction and Development Loans 5.02
Commercial Real Estate 69.73
Commercial and Industrial Loans 18.36
Farm Loans 0.00

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Bank 1st

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2018

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com NMLS#2890
NMLS ID: 2890
License#: MC-3098
4.325% 4.250% 0.50 $2,337 $1,230 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.125% 5.125% 0.00 $0 $1,362 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Flagstar Bank 5.490% $283.58 Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.990% $238.42 Learn More

Note to Bank 1st
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Branches

Bank 1st branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Bank 1st Locations

Financial Details

Bank 1st Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank 1st. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Bank 1st U.S. Bank Average
48.32% 8.32%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of September 30, 2017, Bank 1st had $571,000 in non-current loans and $1,596,000 in owned real estate. To cover these potential losses it had $3,479,000 in equity and $1,006,000 in loans loss reserves. That gives it a Texas Ratio of 48.32%.

Return on Equity
Bank 1st U.S. Bank Average
-13.76% 8.84%

Bank 1st has a Return on Equity of -13.76% versus the BestCashCow average of 8.84%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Bank 1st U.S. Bank Average
5.75% 12.21%

Bank 1st has a Capitalization of 5.75% versus the BestCashCow average of 12.21. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Bank 1st Balance Sheet Analysis

As of September 30, 2012, Bank 1st had assets of $60,525,000, loans of $28,554,000, and deposits of $56,889,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $0.00 billion
Interest-bearing balances $0.00 billion
Total securities $0.00 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.03 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.00 billion
LIABILITIES
Total deposits $0.06 billion
      Interest-bearing deposits $0.00 billion
      Deposits held in domestic offices $0.00 billion
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.00 billion
      Shareholders’ Equity $0.06 billion

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Frequently Asked Questions About Bank 1st

Branches and Savings

Is Bank 1st FDIC insured?

Yes. It is covered under FDIC Certificate #34554.

Why does Bank 1st pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Bank 1st CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Bank 1st a commercial bank?

Yes

Where are Bank 1st locations?

See branch locations nearby.

Is Bank 1st open on Saturdays?

Is Bank 1st open on Sundays?

What time does Bank 1st open?

What time does Bank 1st close?

Are Bank 1st ATMs Open 24/7?

Do Bank 1st ATMs accept cash deposits?

Can Bank 1st customers use other ATMs?

Do Bank 1st branches have notaries?

Will Bank 1st notarize my document?

What address for Bank 1st should I put for incoming ACH transfers?

Will the Bank 1st branch print checks?

Do Bank 1st checks expire?

Does Bank 1st require US citizenship to open account?

Can Bank 1st close my account?

Does Bank 1st Report to credit bureaus?

Does Bank 1st Use Equifax?

What is Bank 1st's ACH Routing Number?

What is Bank 1st's SWIFT code?

Products

Does Bank 1st offer mortgages?

Compare mortgage rates here.

Does Bank 1st offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank 1st offer personal loans?

Compare personal loan rates here.

Does Bank 1st offer student loans?

Will Bank 1st cash a check?

Will Bank 1st redeem a savings bond?

Does Bank 1st cash savings bonds?

Will Bank 1st cash money orders?

Can Bank 1st issue a money order?

Does Bank 1st do currency exchange?

Background on The Bank

Who owns Bank 1st?

How long has Bank 1st been around?

Can Bank 1st transfer to other banks?

Does Bank 1st have quick pay?

Does Bank 1st accept rolled coins?

Will Bank 1st accept loose change?

Where is Bank 1st headquarters?

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