Centinel Bank of Taos

Headquarters

512 Paseo Del Pueblo Sur
Taos, NM 87571
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.01% 1.05% →
1-Year CD 0.15% 1.05% →
2-Year CD 0.25% 1.11% →
5-Year CD 0.70% 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

Centinel Bank of Taos is an FDIC insured institution located in Taos, NM. It was founded in 1969 and has approximately $0.29 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 19904
Date Established 1969
Assets $ 290.68 million
Loans $ 103.89 million
Deposits $ 258.32 million
Capital $ 29.59 million
 

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

Deposit Rates - August 9, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.01% $2,500 $4,999 Learn More
Money Market
0.01% $2,500 $2,999 Learn More
Money Market
0.01% $10,000 $14,999 Learn More
Money Market
0.05% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.05% $10,000 $14,999 Learn More
3 Mo CD
0.05% $100,000 $199,999 Learn More
6 Mo CD
0.05% $10,000 $14,999 Learn More
6 Mo CD
0.05% $100,000 $199,999 Learn More
12 Mo CD
0.15% $10,000 $14,999 Learn More
12 Mo CD
0.15% $100,000 $199,999 Learn More
24 Mo CD
0.25% $10,000 $14,999 Learn More
24 Mo CD
0.25% $100,000 $199,999 Learn More
36 Mo CD
0.50% $10,000 $14,999 Learn More
36 Mo CD
0.50% $100,000 $199,999 Learn More
48 Mo CD
0.60% $10,000 $14,999 Learn More
48 Mo CD
0.60% $100,000 $199,999 Learn More
60 Mo CD
0.70% $10,000 $14,999 Learn More
60 Mo CD
0.70% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.01% $2,500 $3,499 Learn MoreShow Less

Loan Rates - August 9, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Centinel Bank of Taos

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
Rocket Mortgage
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
1Rate, Inc
NMLS ID: 1948084
License#: MC-7051
2.758% 2.690% 0.88 $2,244 $1,013 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
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info

Note to Centinel Bank of Taos
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Branches

Centinel Bank of Taos 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


Centinel Bank of Taos Locations


Financial Details

Centinel Bank of Taos Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Centinel Bank of Taos. 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
Centinel Bank of Taos U.S. Bank Average
2.29% 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, Centinel Bank of Taos had $714,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $29,589,000 in equity and $1,606,000 in loans loss reserves. That gives it a Texas Ratio of 2.29%.

Return on Equity
Centinel Bank of Taos U.S. Bank Average
21.42% 7.80%

Centinel Bank of Taos has a Return on Equity of 21.42% 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
Centinel Bank of Taos U.S. Bank Average
10.18% 12.68%

Centinel Bank of Taos has a Capitalization of 10.18% 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.

Centinel Bank of Taos Balance Sheet Analysis

As of March 31, 2020, Centinel Bank of Taos had assets of $290,680,000, loans of $103,885,000, and deposits of $258,322,000. 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 $ 32.38 million
Interest-bearing balances $ 30.43 million
Total securities $ 145.96 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 103.89 million
Loan loss allowance $ 1.61 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 6.87 million
     Total Assets $ 261.09 million
LIABILITIES
Total deposits $ 258.32 million
      Interest-bearing deposits $ 163.13 million
      Deposits held in domestic offices $ 258.32 million
      % insured (estimated) 62.23%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 2.77 million
      Total Liabilities $ 261.09 million
      Shareholders’ Equity $ 29.59 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 2.47 million
Total Interest Expense $ 0.10 million
Net interest income $ 2.38 million
Provision for loan and lease losses $ 0.02 million
Total non interest income $ 0.39 million
Total non interest expense $ 1.28 million
Pre-tax Net Operating Income $ 1.48 million

Bank Loan Profile?

The top three loan types in Centinel Bank of Taos’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Construction and Development Loans.

Compared to other banks in New Mexico, Centinel Bank of Taos has a significantly higher percent of 1-4 Family Residential Loans 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 47.88
Multifamily
Mortgages
0.57
Credit Card Loans 0.75
Consumer Auto Loans 0.71
Small Business Loans 0.00
Construction and Development Loans 10.60
Commercial Real Estate 22.60
Commercial and Industrial Loans 7.70
Farm Loans 0.00

Frequently Asked Questions About Centinel Bank Of Taos

Branches and Savings

Is Centinel Bank Of Taos FDIC insured?

Yes. It is covered under FDIC Certificate #19904.

Why does Centinel Bank Of Taos pay such low interest on savings accounts?

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

Why are Centinel Bank Of Taos CD rates not competitive?

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

Is Centinel Bank Of Taos a commercial bank?

Yes

Where are Centinel Bank Of Taos locations?

See branch locations nearby.

Is Centinel Bank Of Taos open on Saturdays?

Is Centinel Bank Of Taos open on Sundays?

What time does Centinel Bank Of Taos open?

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Are Centinel Bank Of Taos ATMs Open 24/7?

Do Centinel Bank Of Taos ATMs accept cash deposits?

Can Centinel Bank Of Taos customers use other ATMs?

Do Centinel Bank Of Taos branches have notaries?

Will Centinel Bank Of Taos notarize my document?

What address for Centinel Bank Of Taos should I put for incoming ACH transfers?

Will the Centinel Bank Of Taos branch print checks?

Do Centinel Bank Of Taos checks expire?

Does Centinel Bank Of Taos require US citizenship to open account?

Can Centinel Bank Of Taos close my account?

Does Centinel Bank Of Taos Report to credit bureaus?

Does Centinel Bank Of Taos Use Equifax?

What is Centinel Bank Of Taos's ACH Routing Number?

What is Centinel Bank Of Taos's SWIFT code?

Products

Does Centinel Bank Of Taos offer mortgages?

Compare mortgage rates here.

Does Centinel Bank Of Taos offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Centinel Bank Of Taos offer personal loans?

Compare personal loan rates here.

Does Centinel Bank Of Taos offer student loans?

Will Centinel Bank Of Taos cash a check?

Will Centinel Bank Of Taos redeem a savings bond?

Does Centinel Bank Of Taos cash savings bonds?

Will Centinel Bank Of Taos cash money orders?

Can Centinel Bank Of Taos issue a money order?

Does Centinel Bank Of Taos do currency exchange?

Background on The Bank

Who owns Centinel Bank Of Taos?

How long has Centinel Bank Of Taos been around?

Can Centinel Bank Of Taos transfer to other banks?

Does Centinel Bank Of Taos have quick pay?

Does Centinel Bank Of Taos accept rolled coins?

Will Centinel Bank Of Taos accept loose change?

Where is Centinel Bank Of Taos headquarters?

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