Wondering How Your New Mexico Bank Is Doing? Find Out Here
By Corey Pein on December 16th, 2009
http://banktracker.investigativereportingworkshop.org/banks/new-mexico/
Banks headquartered in Santa Fe, New Mexico
http://banktracker.investigativereportingworkshop.org/banks/new-mexico/santa-fe/
Century Bank*
48.0
$2,421,000
http://banktracker.investigativereportingworkshop.org/banks/new-mexico/santa-fe/century-bank/#
Charter Bank
142.6
$-57,669,000
http://banktracker.investigativereportingworkshop.org/banks/new-mexico/santa-fe/charter-bank/#
Community Bank
18.7
$609,000
http://banktracker.investigativereportingworkshop.org/banks/new-mexico/santa-fe/community-bank/
The First National Bank of Santa Fe
9.4
$8,401,000
OTHER BANKS W/ BRANCHES IN SANTA FE
IronStone Bank (FORT MYERS, FL)
17.2
$-17,654,000
http://banktracker.investigativereportingworkshop.org/banks/florida/fort-myers/ironstone-bank/
Wells Fargo Bank, Ltd.* (LOS ANGELES, CA
0.0
$-17,305,000
Bank of America, National Association (CHARLOTTE, NC*
32.6
$4,527,118,000
http://banktracker.investigativereportingworkshop.org/banks/north-carolina/charlotte/bank-of-america-national-association/
State Street Bank and Trust Company )BOSTON, MA*
2.6
$-2,390,310,000
http://banktracker.investigativereportingworkshop.org/banks/massachusetts/boston/state-street-bank-and-trust-company/
State Farm Bank, F.S.B., Bloomington, IL
8.9
$-123,209,000
http://banktracker.investigativereportingworkshop.org/banks/illinois/bloomington/state-farm-bank-fsb/#
UBS Bank USA
SALT LAKE CITY, UT
0.1
$149,703,000
http://banktracker.investigativereportingworkshop.org/banks/utah/salt-lake-city/ubs-bank-usa/
CREDIT UNIONS
Credit unions headquartered in Santa Fe, New Mexico
http://banktracker.investigativereportingworkshop.org/credit-unions/new-mexico/santa-fe/
Guadalupe
21.6
$1,251,712
http://banktracker.investigativereportingworkshop.org/credit-unions/new-mexico/santa-fe/guadalupe/
Land Of Enchantment
20.6
$-161,173
http://banktracker.investigativereportingworkshop.org/credit-unions/new-mexico/santa-fe/land-of-enchantment/
New Mexico Correctional Empl
30.3
$10,752
http://banktracker.investigativereportingworkshop.org/credit-unions/new-mexico/santa-fe/new-mexico-correctional-empl/
Northern New Mexico School Employee
9.5
$-68,449
http://banktracker.investigativereportingworkshop.org/credit-unions/new-mexico/santa-fe/northern-new-mexico-school-employee/
Permaculture
19.6
$91,762
http://banktracker.investigativereportingworkshop.org/credit-unions/new-mexico/santa-fe/permaculture/
State Employees
11.3
$3,678,104
http://banktracker.investigativereportingworkshop.org/credit-unions/new-mexico/santa-fe/state-employees/
Banks headquartered in Albuquerque, New Mexico
http://banktracker.investigativereportingworkshop.org/banks/new-mexico/albuquerque/
Bank 1st
212.2
$-3,337,000
http://banktracker.investigativereportingworkshop.org/banks/new-mexico/albuquerque/bank-1st/
Bank of Albuquerque, National Association
10.8
$4,017,000
http://banktracker.investigativereportingworkshop.org/banks/new-mexico/albuquerque/bank-of-albuquerque-national-association/
DSRM National Bank
0.0
$48,000
http://banktracker.investigativereportingworkshop.org/banks/new-mexico/albuquerque/dsrm-national-bank/#
High Desert State Bank
295.3
$-5,846,000
http://banktracker.investigativereportingworkshop.org/banks/new-mexico/albuquerque/high-desert-state-bank/
Main Bank
30.9
$161,000
http://banktracker.investigativereportingworkshop.org/banks/new-mexico/albuquerque/main-bank/
New Mexico Bank & Trust*
26.4
$6,645,000
http://banktracker.investigativereportingworkshop.org/banks/new-mexico/albuquerque/new-mexico-bank-and-trust/
SUNRISE BANK OF ALBUQUERQUE
88.7
$-1,173,000
http://banktracker.investigativereportingworkshop.org/banks/new-mexico/albuquerque/sunrise-bank-of-albuquerque/
Union Savings Bank
2.7
$343,000
http://banktracker.investigativereportingworkshop.org/banks/new-mexico/albuquerque/union-savings-bank/
Banks headquartered in Espanola, New Mexico
Valley National Bank
61.7
$542,000
http://banktracker.investigativereportingworkshop.org/banks/new-mexico/espanola/valley-national-bank/
Banks headquartered in Los Alamos, New Mexico
Los Alamos National Bank*
44.6
$3,862,000
http://banktracker.investigativereportingworkshop.org/banks/new-mexico/los-alamos/los-alamos-national-bank/#
Banks headquartered in Taos, New Mexico
http://banktracker.investigativereportingworkshop.org/banks/new-mexico/taos/
Centinel Bank of Taos
4.9
$2,184,000
http://banktracker.investigativereportingworkshop.org/banks/new-mexico/taos/centinel-bank-of-taos/
First Community Bank
95.0
$-79,109,000
http://banktracker.investigativereportingworkshop.org/banks/new-mexico/taos/first-community-bank/
Banks headquartered in Las Vegas, New Mexico
http://banktracker.investigativereportingworkshop.org/banks/new-mexico/las-vegas/
Community 1st Bank Las Vegas
8.6
$1,310,000
http://banktracker.investigativereportingworkshop.org/banks/new-mexico/las-vegas/community-1st-bank-las-vegas/
The Bank of Las Vegas
0.4
$3,369,000
http://banktracker.investigativereportingworkshop.org/banks/new-mexico/las-vegas/the-bank-of-las-vegas/
SFR’s story this week on Charter Bank—a followup to the post here—raises the issue of how local banks are faring and which, if any, might go under.
The figures below come from truly awesome bank tracker tool by the American University School of Communication’s Investigative Reporting Workshop and MSNBC. Those web geniuses in turn got their data from what banks report to the Federal Deposit Insurance Corporation, and what credit unions report to the National Credit Union Administration. (If you’re really a glutton for punishment, you can search the raw reports here and here. Here’s a quick link to the bank tracker’s list of all the banks in New Mexico, organized by city.)
Though the numbers in this post are all effective as of the institutions’ Sept. 30 quarterly reports, the links should remain active with up-to-date-information.
The first number is what the AU bank trackers call the institutions’ troubled asset ratio. It’s a simple measure of a bank’s health and is explained here. The higher the number, the more strain the bank is under. Based on this measure, four New Mexico-based banks are in pretty risky shape.
They are High Desert State Bank and Bank 1st, both of Albuquerque. Also, covered in SFR this week: Charter Bank of Santa Fe and First Community Bank of Taos.
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