Citizens Bank of Las Cruces
Headquarters
505 S Main St
Las Cruces, NM 88001
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2024 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 $1.01 billion in assets. Customers can open an account at one of its 6 branches.
| FDIC Insured | Yes |
| FDIC Certificate | # 20161 |
| Date Established | 1970 |
| Assets | $ 1,005.16 million |
| Loans | $ 686.66 million |
| Deposits | $ 904.33 million |
| Capital | $ 93.79 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 - November 23, 2024
Your Current Location: Ohio, OH 43085
Loan Rates - November 23, 2024
Your Current Location: Ohio, OH 43085
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 - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Monthly Payment |
Learn More |
|---|---|---|---|---|
NMLS ID: 1025894 |
6.956% |
6.875% 0.63 points $2,642 fees |
$2,103 | Learn More |
NMLS ID: 3030 |
7.225% |
7.125% 1.00 points $3,200 fees |
$2,156 | Learn More |
NMLS ID: 491986 |
points fees |
Learn More | ||
NMLS ID: 1907 |
points fees |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR
7.240 %
After Intro: 7.240 % |
$0 |
Learn More
More Info |
Achieve Loans See Table |
Intro APR
10.625 %
After Intro: 10.625 % |
$0 |
Learn More
More Info |
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:
Columbus,Ohio
Citizens Bank of Las Cruces Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 1364.35 | A | View Lobby Hours | |
| 1364.86 | B | View Lobby Hours | |
| 1365.98 | C | View Lobby Hours | |
| 1366.78 | D | View Lobby Hours | |
| 1367.91 | E | View Lobby Hours | |
| 1368.77 | F | View Lobby Hours |
Climate Policy and Initiatives
Citizens Bank of Las Cruces 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
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% | 4.48% |
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 June 30, 2024, Citizens Bank of Las Cruces had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $93,791,000 in equity and $9,734,000 in loans loss reserves. That gives it a Texas Ratio of 0%.
Return on Equity
| Citizens Bank of Las Cruces | U.S. Bank Average |
|---|---|
| 22.76% | 10.46% |
Citizens Bank of Las Cruces has a Return on Equity of 22.76% versus the BestCashCow average of 10.46%. 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 |
|---|---|
| 9.33% | 10.84% |
Citizens Bank of Las Cruces has a Capitalization of 9.33% versus the BestCashCow average of 10.84. 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 June 30, 2024, Citizens Bank of Las Cruces had assets of $1,005,163,000, loans of $686,655,000, and deposits of $904,332,000. 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
June 30, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 35.60 million |
| Interest-bearing balances | $ 25.95 million |
| Total securities | $ 246.75 million |
| Federal funds sold and reverse repurchase | N.A. |
| Net loans and leases | $ 686.66 million |
| Loan loss allowance | $ 9.73 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 | $ 18.08 million |
| Total Assets | $ 911.37 million |
| LIABILITIES | |
|---|---|
| Total deposits | $ 904.33 million |
| Interest-bearing deposits | $ 615.61 million |
| Deposits held in domestic offices | $ 904.33 million |
| % insured (estimated) | 60.52% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | N.A. |
| Other borrowed funds | N.A. |
| Subordinated debt | N.A. |
| All other liabilities | $ 4.83 million |
| Total Liabilities | $ 911.37 million |
| Shareholders’ Equity | $ 93.79 million |
Summary Income Statement
June 30, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 26.52 million |
| Total Interest Expense | $ 6.72 million |
| Net interest income | $ 19.80 million |
| Provision for loan and lease losses | $ 0.32 million |
| Total non interest income | $ 2.71 million |
| Total non interest expense | $ 11.90 million |
| Pre-tax Net Operating Income | $ 8.97 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 | 6.81 | ✓ | ||
| Multifamily Mortgages |
6.95 | ✓ | ||
| Credit Card Loans | 0.10 | ✓ | ||
| Consumer Auto Loans | 0.10 | ✓ | ||
| Small Business Loans | 5.94 | ✓ | ||
| Construction and Development Loans | 17.69 | ✓ | ||
| Commercial Real Estate | 30.53 | ✓ | ||
| Commercial and Industrial Loans | 14.29 | ✓ | ||
| Farm Loans | 0.09 | ✓ | ||
Customer Reviews for Citizens Bank of Las Cruces
badbusiness
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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