2024 Overview
General Bank Information
Lea County State Bank is an FDIC insured institution located in Hobbs, NM. It was founded in 1928 and has approximately $0.67 billion in assets. Customers can open an account at one of its 3 branches.
| FDIC Insured | Yes |
| FDIC Certificate | # 12259 |
| Date Established | 1928 |
| Assets | $ 666.80 million |
| Loans | $ 240.71 million |
| Deposits | $ 539.14 million |
| Capital | $ 36.29 million |
For a more detailed analysis of Lea County State Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - April 26, 2024
Your Current Location: Ohio, OH 43085
Loan Rates - April 26, 2024
Your Current Location: Ohio, OH 43085
| Refinance Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 15 Year Fixed Conforming See Amortization Table |
6.71% | 6.63% | $2,809.58 | |
| 20 Year Fixed Conforming See Amortization Table |
7.07% | 8.50% | $2,777.03 | |
| 30 Year Fixed Conforming See Amortization Table |
7.17% | 7.13% | $2,155.90 |
| Purchase Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 15 Year Fixed Conforming See Amortization Table |
6.71% | 6.63% | $2,809.58 | |
| 20 Year Fixed Conforming See Amortization Table |
7.07% | 7.00% | $2,480.96 | |
| 30 Year Fixed Conforming See Amortization Table |
7.17% | 7.13% | $2,155.90 | |
Compare with 7.018% APR and 6.875% 30-Year Fixed RATE from Tomo Mortgage, LLC.
See All Mortgage Rates |
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Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.
Branches
Lea County State Bank 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:
Columbus,Ohio
Climate Policy and Initiatives
Lea County State Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
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Financial Details
Lea County State Bank Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Lea County State Bank. 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
| Lea County State Bank | U.S. Bank Average |
|---|---|
| 2.57% | 3.96% |
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, 2024, Lea County State Bank had $981,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $36,294,000 in equity and $1,940,000 in loans loss reserves. That gives it a Texas Ratio of 2.57%.
Return on Equity
| Lea County State Bank | U.S. Bank Average |
|---|---|
| 27.15% | 12.20% |
Lea County State Bank has a Return on Equity of 27.15% versus the BestCashCow average of 12.20%. 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
| Lea County State Bank | U.S. Bank Average |
|---|---|
| 5.44% | 10.76% |
Lea County State Bank has a Capitalization of 5.44% versus the BestCashCow average of 10.76. 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.
Lea County State Bank Balance Sheet Analysis
As of December 31, 2023, Lea County State Bank had assets of $666,801,000, loans of $240,706,000, and deposits of $539,144,000. 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, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 23.11 million |
| Interest-bearing balances | $ 15.34 million |
| Total securities | $ 382.77 million |
| Federal funds sold and reverse repurchase | N.A. |
| Net loans and leases | $ 240.71 million |
| Loan loss allowance | $ 1.94 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | N.A. |
| Goodwill and other intangibles | $ 0.29 million |
| All other assets | $ 15.01 million |
| Total Assets | $ 630.51 million |
| LIABILITIES | |
|---|---|
| Total deposits | $ 539.14 million |
| Interest-bearing deposits | $ 380.46 million |
| Deposits held in domestic offices | $ 539.14 million |
| % insured (estimated) | 66.55% |
| Federal funds purchased and repurchase agreements | $ 8.99 million |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 35.85 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 2.00 million |
| Total Liabilities | $ 630.51 million |
| Shareholders’ Equity | $ 36.29 million |
Summary Income Statement
December 31, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 26.63 million |
| Total Interest Expense | $ 7.72 million |
| Net interest income | $ 18.91 million |
| Provision for loan and lease losses | $ 0.36 million |
| Total non interest income | $ 3.03 million |
| Total non interest expense | $ 13.05 million |
| Pre-tax Net Operating Income | $ 2.47 million |
Bank Loan Profile?
The top three loan types in Lea County State Bank’s loan portfolio are Commercial and Industrial Loans, Commercial Real Estate, and 1-4 Family Residential Loans.
Compared to other banks in New Mexico, Lea County State Bank has a significantly higher percent of Commercial and Industrial 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 | 7.10 | ✓ | ||
| Multifamily Mortgages |
0.00 | ✓ | ||
| Credit Card Loans | 0.14 | ✓ | ||
| Consumer Auto Loans | 0.16 | ✓ | ||
| Small Business Loans | 5.08 | ✓ | ||
| Construction and Development Loans | 2.05 | ✓ | ||
| Commercial Real Estate | 16.10 | ✓ | ||
| Commercial and Industrial Loans | 39.90 | ✓ | ||
| Farm Loans | 1.25 | ✓ | ||
Customer Reviews for Lea County State Bank
Dinah T
April 18, 2023 |
Worst bank ever!!!!!! If your an independent and not a commercial customer they don’t take care of you…..my family has been with LCSB for years and of course it is mostly commercial with my family members now in saying that I went in independent only having ssdi anyone on ssi or ssdi knows it takes forever to get direct deposits going or cancelled….. in saying that we the people do not get much money too live on…. And because we are not part of high class money making end of accounts they literally treat you like crap!!! But watch how they are when someone with money goes in red carpet royalty all the way!!! Circumstances change LCSB you never know who will have large amounts of money to invest or a lotto win etc…. So the toes they step on now maybe the butt they kiss tomorrow!!! It shouldn’t matter if it’s one dollar or a million the customer service sucks plus it’s really great going inside and the tellers are grouped up chatting amongst themselves and your the only one in line and wait 15 minutes until they decide to serve you!!!! All I can say is I pray my family and friends that bank here will go somewhere else but because of how hard it is to get direct deposits and money moved it takes a while…
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