Citizens Bank of Las Cruces

Headquarters

505 S. Main Street
Las Cruces, NM 88001
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.03% 1.40% →
1-Year CD 0.60% 1.15% →
2-Year CD 0.85% 1.26% →
5-Year CD 1.10% 1.60% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Citizens Bank of Las Cruces is an FDIC insured institution located in Las Cruces, NM. It was founded in 1970 and has approximately $0.61 billion in assets. Customers can open an account at one of its 6 branches.

FDIC Insured Yes
FDIC Certificate # 20161
Date Established 1970
Assets $ 613.54 million
Loans $ 430.66 million
Deposits $ 541.44 million
Capital $ 66.51 million
 

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

Deposit Rates - July 5, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.03% $100 - Learn More
Money Market
0.05% $100 $24,999 Learn More
Money Market
0.05% $25,000 $49,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.15% $1,000 $99,999 Learn More
3 Mo CD
0.20% $100,000 - Learn More
6 Mo CD
0.35% $1,000 $99,999 Learn More
6 Mo CD
0.40% $100,000 - Learn More
12 Mo CD
0.55% $1,000 $99,999 Learn More
12 Mo CD
0.60% $100,000 - Learn More
24 Mo CD
0.80% $1,000 $99,999 Learn More
Special: 24 Mo CD
0.70% $5,000 - Learn More
24 Mo CD
0.85% $100,000 - Learn More
36 Mo CD
0.95% $1,000 $99,999 Learn More
36 Mo CD
1.00% $100,000 - Learn More
60 Mo CD
1.05% $1,000 $99,999 Learn More
60 Mo CD
1.10% $100,000 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.60% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.80% $200 - Learn MoreShow Less

Loan Rates - July 5, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Citizens Bank of Las Cruces

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




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.039% 3.000% 0.50 $1,250 $1,055 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to Citizens Bank of Las Cruces
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Branches

Citizens Bank of Las Cruces 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:
Fairfield,Connecticut


Citizens Bank of Las Cruces Locations


Financial Details

Citizens Bank of Las Cruces Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Citizens Bank of Las Cruces. 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
Citizens Bank of Las Cruces U.S. Bank Average
0.92% 6.51%

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 December 31, 2019, Citizens Bank of Las Cruces had $573,000 in non-current loans and $110,000 in owned real estate. To cover these potential losses it had $66,508,000 in equity and $7,816,000 in loans loss reserves. That gives it a Texas Ratio of 0.92%.

Return on Equity
Citizens Bank of Las Cruces U.S. Bank Average
22.16% 9.41%

Citizens Bank of Las Cruces has a Return on Equity of 22.16% versus the BestCashCow average of 9.41%. 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
Citizens Bank of Las Cruces U.S. Bank Average
10.84% 12.82%

Citizens Bank of Las Cruces has a Capitalization of 10.84% versus the BestCashCow average of 12.82. 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.

Citizens Bank of Las Cruces Balance Sheet Analysis

As of December 31, 2019, Citizens Bank of Las Cruces had assets of $613,543,000, loans of $430,661,000, and deposits of $541,444,000. 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

December 31, 2019
ASSETS
Cash & Balances due from depository institutions $ 37.33 million
Interest-bearing balances $ 27.23 million
Total securities $ 119.34 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 430.66 million
Loan loss allowance $ 7.82 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.11 million
Goodwill and other intangibles N.A.
All other assets $ 13.49 million
     Total Assets $ 547.04 million
LIABILITIES
Total deposits $ 541.44 million
      Interest-bearing deposits $ 368.04 million
      Deposits held in domestic offices $ 541.44 million
      % insured (estimated) 66.79%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 5.59 million
      Total Liabilities $ 547.04 million
      Shareholders’ Equity $ 66.51 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 27.27 million
Total Interest Expense $ 2.09 million
Net interest income $ 25.18 million
Provision for loan and lease losses $ 0.72 million
Total non interest income $ 6.71 million
Total non interest expense $ 17.53 million
Pre-tax Net Operating Income $ 13.64 million

Bank Loan Profile?

The top three loan types in Citizens Bank of Las Cruces’s loan portfolio are Commercial Real Estate, Construction and Development Loans, and Commercial and Industrial Loans.

Compared to other banks in New Mexico, Citizens Bank of Las Cruces has a significantly higher percent of Multifamily Mortgages, Construction and Development 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 13.08
Multifamily
Mortgages
10.40
Credit Card Loans 0.19
Consumer Auto Loans 0.41
Small Business Loans 6.65
Construction and Development Loans 19.79
Commercial Real Estate 39.29
Commercial and Industrial Loans 17.04
Farm Loans 0.54

Frequently Asked Questions About Citizens Bank Of Las Cruces

Branches and Savings

Is Citizens Bank Of Las Cruces FDIC insured?

Yes. It is covered under FDIC Certificate #20161.

Why does Citizens Bank Of Las Cruces pay such low interest on savings accounts?

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

Why are Citizens Bank Of Las Cruces CD rates not competitive?

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

Is Citizens Bank Of Las Cruces a commercial bank?

Yes

Where are Citizens Bank Of Las Cruces locations?

See branch locations nearby.

Is Citizens Bank Of Las Cruces open on Saturdays?

Is Citizens Bank Of Las Cruces open on Sundays?

What time does Citizens Bank Of Las Cruces open?

What time does Citizens Bank Of Las Cruces close?

Are Citizens Bank Of Las Cruces ATMs Open 24/7?

Do Citizens Bank Of Las Cruces ATMs accept cash deposits?

Can Citizens Bank Of Las Cruces customers use other ATMs?

Do Citizens Bank Of Las Cruces branches have notaries?

Will Citizens Bank Of Las Cruces notarize my document?

What address for Citizens Bank Of Las Cruces should I put for incoming ACH transfers?

Will the Citizens Bank Of Las Cruces branch print checks?

Do Citizens Bank Of Las Cruces checks expire?

Does Citizens Bank Of Las Cruces require US citizenship to open account?

Can Citizens Bank Of Las Cruces close my account?

Does Citizens Bank Of Las Cruces Report to credit bureaus?

Does Citizens Bank Of Las Cruces Use Equifax?

What is Citizens Bank Of Las Cruces's ACH Routing Number?

What is Citizens Bank Of Las Cruces's SWIFT code?

Products

Does Citizens Bank Of Las Cruces offer mortgages?

Compare mortgage rates here.

Does Citizens Bank Of Las Cruces offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Citizens Bank Of Las Cruces offer personal loans?

Compare personal loan rates here.

Does Citizens Bank Of Las Cruces offer student loans?

Will Citizens Bank Of Las Cruces cash a check?

Will Citizens Bank Of Las Cruces redeem a savings bond?

Does Citizens Bank Of Las Cruces cash savings bonds?

Will Citizens Bank Of Las Cruces cash money orders?

Can Citizens Bank Of Las Cruces issue a money order?

Does Citizens Bank Of Las Cruces do currency exchange?

Background on The Bank

Who owns Citizens Bank Of Las Cruces?

How long has Citizens Bank Of Las Cruces been around?

Can Citizens Bank Of Las Cruces transfer to other banks?

Does Citizens Bank Of Las Cruces have quick pay?

Does Citizens Bank Of Las Cruces accept rolled coins?

Will Citizens Bank Of Las Cruces accept loose change?

Where is Citizens Bank Of Las Cruces headquarters?

Customer Reviews for Citizens Bank of Las Cruces


  • February 26, 2020 |

    Recently closed my accounts with Citizens. Front line tellers very discourteous. Most of my transactions were deposits however, each check I tried to deposit required 2nd and supervisor approval. Not asking for any funds returned to me just a basic deposit. On more then one occasion the supervisor was called to actually make a face to face acknowledgement before approving my check deposit. It seems to me that the response/service provided to me was different then the other customers standing beside me in line. Hope that has nothing to do with my darker skin complexion, but can not figure out a different reason. When I complained to the bank manager about how I felt about the services provided me, my complaint was dismissed and I was told the matter would be discussed with the teller. I received no other response. I received the same type of service from the teller at my next visit to the main branch. Again I was the last customer to be waited on requiring the same 2nd supervisor approval. I closed my accounts right after this experience and hope if you consider this bank that you be aware of the different treatment/service you may be provided especially if you are a person of color. It has been said that when they show you who they are a person or a business, believe them the first time. This is not a bank I could ever do business with, hope you look at their reviews and the history of this banks services to minority customers, African Americans.

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