New Mexico Bank & Trust

Headquarters

320 Gold Street, S.W.
Albuquerque, NM 87102
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.01% 1.05% →
1-Year CD 0.05% 0.95% →
2-Year CD 0.10% 1.05% →
5-Year CD 0.15% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

New Mexico Bank & Trust is an FDIC insured institution located in Albuquerque, NM. It was founded in 1998 and has approximately $1.68 billion in assets. Customers can open an account at one of its 18 branches.

FDIC Insured Yes
FDIC Certificate # 34726
Date Established 1998
Assets $ 1,675.10 million
Loans $ 1,086.88 million
Deposits $ 1,451.04 million
Capital $ 156.49 million
 

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

Deposit Rates - September 22, 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
0.01% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.03% $10,000 $14,999 Learn More
3 Mo CD
0.03% $100,000 $199,999 Learn More
6 Mo CD
0.03% $10,000 $14,999 Learn More
6 Mo CD
0.03% $100,000 $199,999 Learn More
12 Mo CD
0.05% $10,000 $14,999 Learn More
12 Mo CD
0.05% $100,000 $199,999 Learn More
18 Mo CD
0.07% $10,000 $14,999 Learn More
18 Mo CD
0.07% $100,000 $199,999 Learn More
24 Mo CD
0.10% $10,000 $14,999 Learn More
24 Mo CD
0.10% $100,000 $199,999 Learn More
36 Mo CD
0.15% $10,000 $14,999 Learn More
36 Mo CD
0.15% $100,000 $199,999 Learn More
48 Mo CD
0.15% $10,000 $14,999 Learn More
48 Mo CD
0.15% $100,000 $199,999 Learn More
60 Mo CD
0.15% $10,000 $14,999 Learn More
60 Mo CD
0.15% $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 - September 22, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for New Mexico Bank & Trust

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
4.114% 3.990% 1.00 $3,750 $1,193 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.816% 2.750% 0.88 $2,132 $1,021 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
See Table
2.990 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
3.500 %
$25,000 Learn More
More Info

Note to New Mexico Bank & Trust
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

New Mexico Bank & Trust 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


New Mexico Bank & Trust Locations


Financial Details

New Mexico Bank & Trust Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of New Mexico Bank & Trust. 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
New Mexico Bank & Trust U.S. Bank Average
3.02% 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, New Mexico Bank & Trust had $3,501,000 in non-current loans and $1,585,000 in owned real estate. To cover these potential losses it had $156,486,000 in equity and $12,111,000 in loans loss reserves. That gives it a Texas Ratio of 3.02%.

Return on Equity
New Mexico Bank & Trust U.S. Bank Average
10.03% 7.80%

New Mexico Bank & Trust has a Return on Equity of 10.03% 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
New Mexico Bank & Trust U.S. Bank Average
9.34% 12.68%

New Mexico Bank & Trust has a Capitalization of 9.34% 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.

New Mexico Bank & Trust Balance Sheet Analysis

As of March 31, 2020, New Mexico Bank & Trust had assets of $1,675,097,000, loans of $1,086,883,000, and deposits of $1,451,041,000. 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 $ 29.72 million
Interest-bearing balances $ 5.93 million
Total securities $ 478.41 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,086.88 million
Loan loss allowance $ 12.11 million
Trading account assets $ 2.37 million
Bank premises and fixed assets N.A.
Other real estate owned $ 1.59 million
Goodwill and other intangibles $ 11.01 million
All other assets $ 38.89 million
     Total Assets $ 1,518.61 million
LIABILITIES
Total deposits $ 1,451.04 million
      Interest-bearing deposits $ 850.07 million
      Deposits held in domestic offices $ 1,451.04 million
      % insured (estimated) 54.12%
Federal funds purchased and repurchase agreements $ 23.12 million
Trading liabilities $ 2.37 million
Other borrowed funds $ 35.59 million
Subordinated debt N.A.
All other liabilities $ 6.49 million
      Total Liabilities $ 1,518.61 million
      Shareholders’ Equity $ 156.49 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 16.72 million
Total Interest Expense $ 1.46 million
Net interest income $ 15.26 million
Provision for loan and lease losses $ 3.54 million
Total non interest income $ 2.58 million
Total non interest expense $ 9.59 million
Pre-tax Net Operating Income $ 4.71 million

Bank Loan Profile?

The top three loan types in New Mexico Bank & Trust’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Construction and Development Loans.

Compared to other banks in New Mexico, New Mexico Bank & Trust has a significantly higher percent of Small Business 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 11.43
Multifamily
Mortgages
5.31
Credit Card Loans 0.09
Consumer Auto Loans 0.25
Small Business Loans 11.12
Construction and Development Loans 12.07
Commercial Real Estate 39.55
Commercial and Industrial Loans 19.35
Farm Loans 0.98

Frequently Asked Questions About New Mexico Bank & Trust

Branches and Savings

Is New Mexico Bank & Trust FDIC insured?

Yes. It is covered under FDIC Certificate #34726.

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

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

Why are New Mexico Bank & Trust CD rates not competitive?

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

Is New Mexico Bank & Trust a commercial bank?

Yes

Where are New Mexico Bank & Trust locations?

See branch locations nearby.

Is New Mexico Bank & Trust open on Saturdays?

Is New Mexico Bank & Trust open on Sundays?

What time does New Mexico Bank & Trust open?

What time does New Mexico Bank & Trust close?

Are New Mexico Bank & Trust ATMs Open 24/7?

Do New Mexico Bank & Trust ATMs accept cash deposits?

Can New Mexico Bank & Trust customers use other ATMs?

Do New Mexico Bank & Trust branches have notaries?

Will New Mexico Bank & Trust notarize my document?

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

Will the New Mexico Bank & Trust branch print checks?

Do New Mexico Bank & Trust checks expire?

Does New Mexico Bank & Trust require US citizenship to open account?

Can New Mexico Bank & Trust close my account?

Does New Mexico Bank & Trust Report to credit bureaus?

Does New Mexico Bank & Trust Use Equifax?

What is New Mexico Bank & Trust's ACH Routing Number?

What is New Mexico Bank & Trust's SWIFT code?

Products

Does New Mexico Bank & Trust offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does New Mexico Bank & Trust offer personal loans?

Compare personal loan rates here.

Does New Mexico Bank & Trust offer student loans?

Will New Mexico Bank & Trust cash a check?

Will New Mexico Bank & Trust redeem a savings bond?

Does New Mexico Bank & Trust cash savings bonds?

Will New Mexico Bank & Trust cash money orders?

Can New Mexico Bank & Trust issue a money order?

Does New Mexico Bank & Trust do currency exchange?

Background on The Bank

Who owns New Mexico Bank & Trust?

How long has New Mexico Bank & Trust been around?

Can New Mexico Bank & Trust transfer to other banks?

Does New Mexico Bank & Trust have quick pay?

Does New Mexico Bank & Trust accept rolled coins?

Will New Mexico Bank & Trust accept loose change?

Where is New Mexico Bank & Trust headquarters?

Customer Reviews for New Mexico Bank & Trust

There are currently no comments for New Mexico Bank & Trust. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →