BANK 34

Headquarters

500 10th Street
Alamogordo, NM 88310
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.15% 1.05% →
1-Year CD 0.75% 1.05% →
2-Year CD 1.01% 1.11% →
5-Year CD 1.25% 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

BANK 34 is an FDIC insured institution located in Alamogordo, NM. It was founded in 1934 and has approximately $0.41 billion in assets. Customers can open an account at one of its 5 branches.

FDIC Insured Yes
FDIC Certificate # 29087
Date Established 1934
Assets $ 407.85 million
Loans $ 309.44 million
Deposits $ 308.23 million
Capital $ 42.17 million
 

For a more detailed analysis of BANK 34's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - August 7, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.15% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.25% $10,000 $14,999 Learn More
Money Market
0.35% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.20% $10,000 $14,999 Learn More
3 Mo CD
0.20% $100,000 $199,999 Learn More
6 Mo CD
0.45% $10,000 $14,999 Learn More
6 Mo CD
0.45% $100,000 $199,999 Learn More
12 Mo CD
0.75% $10,000 $14,999 Learn More
12 Mo CD
0.75% $100,000 $199,999 Learn More
18 Mo CD
0.85% $10,000 $14,999 Learn More
18 Mo CD
0.85% $100,000 $199,999 Learn More
24 Mo CD
1.01% $10,000 $14,999 Learn More
24 Mo CD
1.01% $100,000 $199,999 Learn More
36 Mo CD
1.10% $10,000 $14,999 Learn More
36 Mo CD
1.10% $100,000 $199,999 Learn More
48 Mo CD
1.20% $10,000 $14,999 Learn More
48 Mo CD
1.20% $100,000 $199,999 Learn More
60 Mo CD
1.25% $10,000 $14,999 Learn More
60 Mo CD
1.25% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.02% $2,500 $3,499 Learn MoreShow Less

Loan Rates - August 7, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for BANK 34

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.914% 2.875% 0.50 $1,250 $1,038 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info

Note to BANK 34
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

BANK 34 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 34 Locations


Financial Details

BANK 34 Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of BANK 34. 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 34 U.S. Bank Average
7.48% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its 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 March 31, 2020, BANK 34 had $3,410,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $42,168,000 in equity and $3,397,000 in loans loss reserves. That gives it a Texas Ratio of 7.48%.

Return on Equity
BANK 34 U.S. Bank Average
3.05% 7.80%

BANK 34 has a Return on Equity of 3.05% versus the BestCashCow average of 7.80%. 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 34 U.S. Bank Average
10.34% 12.68%

BANK 34 has a Capitalization of 10.34% versus the BestCashCow average of 12.68. 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 34 Balance Sheet Analysis

As of March 31, 2020, BANK 34 had assets of $407,845,000, loans of $309,443,000, and deposits of $308,231,000. 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

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 5.16 million
Interest-bearing balances $ 2.40 million
Total securities $ 61.38 million
Federal funds sold and reverse repurchase $ 3.26 million
Net loans and leases $ 309.44 million
Loan loss allowance $ 3.40 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.20 million
All other assets $ 19.55 million
     Total Assets $ 365.68 million
LIABILITIES
Total deposits $ 308.23 million
      Interest-bearing deposits $ 249.83 million
      Deposits held in domestic offices $ 308.23 million
      % insured (estimated) 75.71%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 51.67 million
Subordinated debt N.A.
All other liabilities $ 5.77 million
      Total Liabilities $ 365.68 million
      Shareholders’ Equity $ 42.17 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 4.98 million
Total Interest Expense $ 1.20 million
Net interest income $ 3.79 million
Provision for loan and lease losses $ 0.47 million
Total non interest income $ 0.30 million
Total non interest expense $ 3.20 million
Pre-tax Net Operating Income $ 0.41 million

Bank Loan Profile?

The top three loan types in BANK 34’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Multifamily Mortgages.

Compared to other banks in New Mexico, BANK 34 has a significantly higher percent of Multifamily Mortgages, 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 15.90
Multifamily
Mortgages
14.52
Credit Card Loans 0.00
Consumer Auto Loans 0.02
Small Business Loans 0.00
Construction and Development Loans 6.20
Commercial Real Estate 55.14
Commercial and Industrial Loans 9.54
Farm Loans 0.00

Frequently Asked Questions About Bank 34

Branches and Savings

Is Bank 34 FDIC insured?

Yes. It is covered under FDIC Certificate #29087.

Why does Bank 34 pay such low interest on savings accounts?

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

Why are Bank 34 CD rates not competitive?

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

Is Bank 34 a commercial bank?

Yes

Where are Bank 34 locations?

See branch locations nearby.

Is Bank 34 open on Saturdays?

Is Bank 34 open on Sundays?

What time does Bank 34 open?

What time does Bank 34 close?

Are Bank 34 ATMs Open 24/7?

Do Bank 34 ATMs accept cash deposits?

Can Bank 34 customers use other ATMs?

Do Bank 34 branches have notaries?

Will Bank 34 notarize my document?

What address for Bank 34 should I put for incoming ACH transfers?

Will the Bank 34 branch print checks?

Do Bank 34 checks expire?

Does Bank 34 require US citizenship to open account?

Can Bank 34 close my account?

Does Bank 34 Report to credit bureaus?

Does Bank 34 Use Equifax?

What is Bank 34's ACH Routing Number?

What is Bank 34's SWIFT code?

Products

Does Bank 34 offer mortgages?

Compare mortgage rates here.

Does Bank 34 offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank 34 offer personal loans?

Compare personal loan rates here.

Does Bank 34 offer student loans?

Will Bank 34 cash a check?

Will Bank 34 redeem a savings bond?

Does Bank 34 cash savings bonds?

Will Bank 34 cash money orders?

Can Bank 34 issue a money order?

Does Bank 34 do currency exchange?

Background on The Bank

Who owns Bank 34?

How long has Bank 34 been around?

Can Bank 34 transfer to other banks?

Does Bank 34 have quick pay?

Does Bank 34 accept rolled coins?

Will Bank 34 accept loose change?

Where is Bank 34 headquarters?

Customer Reviews for BANK 34


  • October 11, 2017

    Our experience was the worst. Our mortgage loan officer was Kathy Funke. That lady was so messed up. She literally drained my savings account to a negative status that I had to take a personal loan from a family member to have enough money for closing. She delayed my closing so much that my builder charged me daily. She said she would pay for the late fees, and me not knowing the industry, took her word for it. When it came time to collect, she told me that she couldn't legally repay my fees. I was out thousands. I knew I had some debt, and continually asked if I needed to pay more off in order to get the house. Her answer was always, "No. It's fine." A week later, it changed and if I didn't want to lose the house, I had to cough up thousands. My wonderful Realtor found another financial institution that would take me from that point and finish the job. When I told Kathy at Bank 34, they kept me hanging on by telling me the closing disclosure paperwork was coming tomorrow morning. This happened several times, for over a week. I moved in to my house a month after I was supposed to due to the unprofessional and subpar loan officers this bank hires. It's as if they hire any Joe Blow off the street, give them a computer, and instantly they have a mortgage loan officer. Avoid using this company at all costs. I have a horrible interest rate, nothing in my bank accounts, and a very bitter taste in my mouth. Hindsight, I should have gone with a local household name. Never again. Heed my advice, and stay away! Learn from my mistake! My HUGE mistake.

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