New Mexico Bank & Trust

Our records indicate that this bank has been acquired by HTLF Bank.

Headquarters

320 Gold Ave Sw
Albuquerque, NM 87102
See all branch locations →

Notable Rates	APY	Vs.Others
Savings	N.A.	5.50% →
1-Year CD	N.A.	4.65% →
2-Year CD	N.A.	4.25% →
5-Year CD	N.A.	4.05% →
30-Year Mortgage	N.A.	4.91% →
15-Year Mortgage	N.A.	4.39% →
HELOC	N.A.	0.99% →

Overview
Climate
Financial Details
FAQs
Reviews

2024 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 $2.59 billion in assets. Customers can open an account at one of its 18 branches.


FDIC Insured	Yes
FDIC Certificate	# 34726
Date Established	1998
Assets	$ 2.59 billion
Loans	$ 1,284.59 million
Deposits	$ 2.37 billion
Capital	$ 180.80 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 - December 15, 2024

Your Current Location: Ohio, OH 43085

Loan Rates - December 15, 2024

Your Current Location: Ohio, OH 43085

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 - Ohio 30 Year Fixed Mortgage Rates 2024

Lender	APR	Rate (%)	Monthly Payment	Learn More
NMLS ID: 1835285	6.368%	6.250% 0.75 points $4,000 fees	$1,971	Learn More
NMLS ID: 1907	6.686%	6.500% 1.00 points $6,202 fees	$2,023	Learn More
NMLS ID: 1025894	6.716%	6.625% 0.75 points $3,023 fees	$2,049	Learn More
NMLS ID: 3030	7.212%	7.125% 0.88 points $2,800 fees	$2,156	Learn More

See More Mortgage Rates →

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
Conditions… Variable APR of Prime minus 1.01% in all states. Min loan amount $10,000. Max loan amount $200,000. 30-year term. Annual fee waived for the first year. See conditions for guarantee at thirdfederal.com. Third Federal rate are typically 20% lower than other leaders Guaranteed Lowest Rate No closing costs, prepayment penalties, or minimum draw requirements 10 year draw period
Rate See Table	Intro APR 7.750 % After Intro: 7.750 %	$25,000	Learn More More Info
A Guaranteed Rate HELOC is secured with your home as collateral, whereas personal loans and credit cards are not. To check the rates and terms you qualify for, we will conduct a soft credit pull that will not affect your credit score. However, if you continue and submit an application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit. Approval may be granted in five minutes but is ultimately subject to verification of income and employment, as well as verification that your property is in at least average condition with a property condition report. Five business day funding timeline assumes closing the loan with our remote online notary. Funding timelines may be longer for loans secured by properties located in counties that do not permit recording of e-signatures or that otherwise require an in-person closing. Guaranteed Rate Home Equity Line is an open-end product where the full loan amount (minus lender, broker, third party, and governement fees, as applicable) will be 100% drawn at the time of origination. The initial amount funded at origination will be based on a fixed rate; however, this product contains an additional draw feature. As the borrower repays the balance on the line, the borrower may make additional draws during the draw period. If the borrower elects to make an additional draw, the interest rate for that draw will be set as of the date of the draw and will be based on an Index, which is the Prime Rate published in the Wall Street Journal for the calendar month preceding the date of the additional draw, plus a fixed margin. Accordingly, the fixed rate for any additional draw may be higher than the fixed rate for the initial draw. Apply in 5 minutes, get your money in as fast as 5 days. Digital application experience. Funds directly to your bank account. No in-person appraisal needed.

See More Home Equity Rates →

Note to New Mexico Bank & Trust
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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:
Columbus,Ohio

New Mexico Bank & Trust Locations around zip code 43085

Branch	Distance	Map	View Lobby Hours
Ross Street Branch	1136.99	A	View Lobby Hours
Clovis Branch	1137.62	B	View Lobby Hours
Portales Branch	1149.21	C	View Lobby Hours
1549 Paseo De Peralta	1251.70	D	View Lobby Hours
St. Michael's Branch	1253.51	E	View Lobby Hours
Espanola Branch	1257.06	F	View Lobby Hours
Los Alamos Branch	1266.75	G	View Lobby Hours
Tierra Amarilla Office	1268.87	H	View Lobby Hours
Rio Rancho 2	1290.09	I	View Lobby Hours
Sierra Vista Branch	1291.36	J	View Lobby Hours
Louisiana Branch	1293.49	K	View Lobby Hours
Jefferson Branch	1293.76	L	View Lobby Hours
Rio Rancho Branch	1295.64	M	View Lobby Hours
4th And Candelaria	1297.11	N	View Lobby Hours
New Mexico Bank & Trust	1297.90	O	View Lobby Hours
Riverside Plaza Branch	1298.40	P	View Lobby Hours
Los Lunas Branch	1308.22	Q	View Lobby Hours

View Branches Nationwide →

Climate Policy and Initiatives

New Mexico Bank & Trust 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

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
1.72%	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, New Mexico Bank & Trust had $3,311,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $180,804,000 in equity and $11,503,000 in loans loss reserves. That gives it a Texas Ratio of 1.72%.

Return on Equity

New Mexico Bank & Trust	U.S. Bank Average
22.44%	10.46%

New Mexico Bank & Trust has a Return on Equity of 22.44% 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

New Mexico Bank & Trust	U.S. Bank Average
6.97%	10.84%

New Mexico Bank & Trust has a Capitalization of 6.97% 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.

New Mexico Bank & Trust Balance Sheet Analysis

As of June 30, 2023, New Mexico Bank & Trust had assets of $2,592,766,000, loans of $1,284,586,000, and deposits of $2,366,443,000. 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	$ 61.58 million
Interest-bearing balances	$ 11.51 million
Total securities	$ 1,056.14 million
Federal funds sold and reverse repurchase	$ 52.48 million
Net loans and leases	$ 1,284.59 million
Loan loss allowance	$ 11.50 million
Trading account assets	$ 5.77 million
Bank premises and fixed assets	N.A.
Other real estate owned	N.A.
Goodwill and other intangibles	$ 25.62 million
All other assets	$ 71.31 million
Total Assets	$ 2.41 billion

LIABILITIES
Total deposits	$ 2.37 billion
Interest-bearing deposits	$ 1,532.50 million
Deposits held in domestic offices	$ 2.37 billion
% insured (estimated)	55.79%
Federal funds purchased and repurchase agreements	$ 18.34 million
Trading liabilities	$ 5.77 million
Other borrowed funds	$ 4.71 million
Subordinated debt	N.A.
All other liabilities	$ 14.36 million
Total Liabilities	$ 2.41 billion
Shareholders’ Equity	$ 180.80 million

Summary Income Statement

June 30, 2024

INCOME AND EXPENSES
Total Interest Income	$ 57.46 million
Total Interest Expense	$ 12.73 million
Net interest income	$ 44.73 million
Provision for loan and lease losses	N.A.
Total non interest income	$ 7.13 million
Total non interest expense	$ 28.06 million
Pre-tax Net Operating Income	$ 20.90 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 Small Business Loans.

Compared to other banks in New Mexico, New Mexico Bank & Trust has a significantly higher percent of 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	9.12		✓
Multifamily Mortgages	3.81		✓
Credit Card Loans	0.08		✓
Consumer Auto Loans	0.22		✓
Small Business Loans	9.18		✓
Construction and Development Loans	8.44		✓
Commercial Real Estate	45.86			✓
Commercial and Industrial Loans	24.23		✓
Farm Loans	3.10		✓

Customer Reviews for New Mexico Bank & Trust

Vironika

July 16, 2021 |

I have been banking with New Mexico Bank & Trust. When I moved to Albuquerque I wanted to close my account because the banks are so far from where I have lived. My father talked me into keeping my account.. Over the years I hadn’t had issues with the bank so I never gave anymore thought to closing my account; until now.
I had to call and have three checks stopped. There is a charge for this and I didn’t have a problem paying that. While on the phone I was clear about what I needed and the customer service agent repeated the check numbers and information back to me, more than once. We were both very clear about the information. The agent also stated that there should be no issue but IF the checks go through, call them back and it will be fixed. At the end of the call I was so happy with how helpful and efficient my situation was handled that I asked if I could leave positive feedback for her with a supervisor. She tried to get someone but ultimately said she couldn’t get anyone on the phone for me and said she would note in her comments the time of the call so they could listen later.
The next day one of the checks went through and sent my account into the negative, which comes with the dreaded Insufficient Funds Fee. I sent a message through the NMB&T portal to let them know to look into that. I got the run around and finally was told by Lisa in the Clovis branch that it was my own problem (not in so many words). It is aggravating because the check was for $751. Next, my automatic payments for bills began going through, which sent my account further into the negative AND brought with that multiple Insufficient Funds Fees. I have finally changed all of my auto payments to my other bank.. But the damage has been done. Hundreds of dollars.. It’s true - companies do NOT reward loyalty. Unless maybe you’re a millionaire..

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