City Bank New Mexico

Headquarters

1096 Mechem Drive
Ruidoso, NM 88345
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.91% →
1-Year CD N.A. 0.85% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.61% →
15-Year Mortgage N.A. 2.31% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

City Bank New Mexico is an FDIC insured institution located in Ruidoso, NM. It was founded in 2001 and has approximately $0.11 billion in assets.

FDIC Insured Yes
FDIC Certificate # 57302
Date Established 2001
Assets $ 114.62 million
Loans $ 54.86 million
Deposits $ 101.49 million
Capital $ 12.42 million
 

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

Deposit Rates - December 2, 2020

Your Current Location: Connecticut, CT 06828

 

Loan Rates - December 2, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for City Bank New Mexico

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
First Internet Bank
NMLS ID: 424182
2.548% 2.500% 0.63 $1,572 $988 Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
2.583% 2.500% 0.88 $2,728 $988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
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People's United Bank, N.A.
People's United Bank, N.A.
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4.000 %
$0 Learn More
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Note to City Bank New Mexico
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Branches

City Bank New Mexico 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


City Bank New Mexico Locations


Financial Details

City Bank New Mexico Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of City Bank New Mexico. 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
City Bank New Mexico U.S. Bank Average
19.01% 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, City Bank New Mexico had $2,384,000 in non-current loans and $239,000 in owned real estate. To cover these potential losses it had $12,424,000 in equity and $1,376,000 in loans loss reserves. That gives it a Texas Ratio of 19.01%.

Return on Equity
City Bank New Mexico U.S. Bank Average
6.47% 7.80%

City Bank New Mexico has a Return on Equity of 6.47% 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
City Bank New Mexico U.S. Bank Average
10.84% 12.68%

City Bank New Mexico has a Capitalization of 10.84% 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.

City Bank New Mexico Balance Sheet Analysis

As of June 30, 2014, City Bank New Mexico had assets of $114,622,000, loans of $54,856,000, and deposits of $101,485,000. 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 N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 54.86 million
Loan loss allowance $ 1.38 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.24 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 101.49 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 114.62 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in City Bank New Mexico’s loan portfolio are Commercial Real Estate, Small Business Loans, and 1-4 Family Residential Loans.

Compared to other banks in New Mexico, City Bank New Mexico 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 20.84
Multifamily
Mortgages
1.36
Credit Card Loans 0.00
Consumer Auto Loans 0.73
Small Business Loans 29.97
Construction and Development Loans 8.34
Commercial Real Estate 58.03
Commercial and Industrial Loans 9.05
Farm Loans 0.01

Frequently Asked Questions About City Bank New Mexico

Branches and Savings

Is City Bank New Mexico FDIC insured?

Yes. It is covered under FDIC Certificate #57302.

Why does City Bank New Mexico pay such low interest on savings accounts?

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

Why are City Bank New Mexico CD rates not competitive?

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

Is City Bank New Mexico a commercial bank?

Yes

Where are City Bank New Mexico locations?

See branch locations nearby.

Is City Bank New Mexico open on Saturdays?

Is City Bank New Mexico open on Sundays?

What time does City Bank New Mexico open?

What time does City Bank New Mexico close?

Are City Bank New Mexico ATMs Open 24/7?

Do City Bank New Mexico ATMs accept cash deposits?

Can City Bank New Mexico customers use other ATMs?

Do City Bank New Mexico branches have notaries?

Will City Bank New Mexico notarize my document?

What address for City Bank New Mexico should I put for incoming ACH transfers?

Will the City Bank New Mexico branch print checks?

Do City Bank New Mexico checks expire?

Does City Bank New Mexico require US citizenship to open account?

Can City Bank New Mexico close my account?

Does City Bank New Mexico Report to credit bureaus?

Does City Bank New Mexico Use Equifax?

What is City Bank New Mexico's ACH Routing Number?

What is City Bank New Mexico's SWIFT code?

Products

Does City Bank New Mexico offer mortgages?

Compare mortgage rates here.

Does City Bank New Mexico offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does City Bank New Mexico offer personal loans?

Compare personal loan rates here.

Does City Bank New Mexico offer student loans?

Will City Bank New Mexico cash a check?

Will City Bank New Mexico redeem a savings bond?

Does City Bank New Mexico cash savings bonds?

Will City Bank New Mexico cash money orders?

Can City Bank New Mexico issue a money order?

Does City Bank New Mexico do currency exchange?

Background on The Bank

Who owns City Bank New Mexico?

How long has City Bank New Mexico been around?

Can City Bank New Mexico transfer to other banks?

Does City Bank New Mexico have quick pay?

Does City Bank New Mexico accept rolled coins?

Will City Bank New Mexico accept loose change?

Where is City Bank New Mexico headquarters?

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