New Mexico Bank & Trust (merged into HTLF Bank)
New Mexico Bank & Trust reported total assets of $2.6 bn at Q2 2023, its last Call Report before it merged into HTLF Bank. The CET1 capital ratio at New Mexico Bank & Trust was 14.10%, and the uninsured share of New Mexico Bank & Trust was 44.27%. Source: FDIC Call Reports.
What sets New Mexico Bank & Trust apart
Nothing in the latest data sets New Mexico Bank & Trust apart from banks of its size: no ratio in the top or bottom tenth of its size group, no large rank move or year change, and no acquisition in the FDIC history since 2016. This page is kept out of search results until that changes.
How large is New Mexico Bank & Trust?
The balance sheet of New Mexico Bank & Trust at : assets $2.6 bn, deposits $2.4 bn, net loans $1.3 bn (loans equal to 54.28% of deposits). Securities make up 40.7% of total assets at New Mexico Bank & Trust. Since , when New Mexico Bank & Trust held $1.3 bn, its assets grew 98.7%. In the year to , deposits at New Mexico Bank & Trust fell 2.2% while its total assets fell 2.1%. At , New Mexico Bank & Trust employed 135 full-time equivalent staff across 20 offices, about $19.2 mn of assets per employee and $118.3 mn of deposits per office.
How much funding at New Mexico Bank & Trust is uninsured?
At New Mexico Bank & Trust, uninsured deposits (above the FDIC limit) made up 44.27% of domestic deposits at (-4.20 pp on a year earlier). In dollars, New Mexico Bank & Trust estimated $1.0 bn of uninsured deposits.
Key facts, Q2 2023
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $2.4 bn | $2.4 bn (Q2 2022) | |
| Net loans and leases | $1.3 bn | $1.4 bn (Q2 2022) | |
| Loan-to-deposit ratio | 54.28% | 56.32% (Q2 2022) | |
| Tier 1 leverage ratio | 9.12% | 7.70% (Q2 2022) | |
| Total risk-based capital ratio | 14.85% | 12.17% (Q2 2022) | |
| Net interest margin | 3.65% | 3.15% (Q2 2022) | |
| Return on assets (ROA) | 1.47% | 1.23% (Q2 2022) | |
| Efficiency ratio | 53.92% | 55.01% (Q2 2022) | |
| Unrealized gain/loss on held-to-maturity securities | Loss of $4.8 mn | Turned from a gain into a loss | |
| Unrealized gain/loss on available-for-sale securities | Loss of $89.8 mn | Narrowed by $2.3 mn | |
| Noncurrent loans to total loans | 0.26% | 0.43% (Q2 2022) | |
| Net charge-offs to average loans | 0.02% | 0.11% (Q2 2022) |
US rank of New Mexico Bank & Trust: 1 = highest unless marked 1 = lowest.
Balance sheet
New Mexico Bank & Trust: assets, deposits and loans
- Total assets $2.6bn
- Deposits $2.4bn
- Net loans $1.3bn
Capital and securities
The CET1 ratio of New Mexico Bank & Trust stood at 14.10% in , +2.72 pp year on year. Low and high at New Mexico Bank & Trust since : 10.04% () to 14.10% (). Equity capital of New Mexico Bank & Trust at : $180.8 mn, or 7.0% of total assets. New Mexico Bank & Trust also reported a total capital ratio of 14.85% for , and a tier 1 leverage ratio of 9.12%.
On held-to-maturity securities, New Mexico Bank & Trust carried an unrealized loss of $4.8 mn at , equal to 2.6% of equity capital. The loss turned from a gain into a loss over the year. Its deepest point: $8.1 mn in . The available-for-sale portfolio of New Mexico Bank & Trust showed an unrealized loss of $89.8 mn at ; the loss narrowed by $2.3 mn over the year.
New Mexico Bank & Trust: capital ratios
- Total capital 15%
- CET1 14%
- Tier 1 leverage 9.1%
New Mexico Bank & Trust: unrealized securities gains and losses
- Available for sale -$90mn
- Held to maturity -$5mn
Profitability and loan quality
For the year to , New Mexico Bank & Trust earned a return on equity of 22.44%; return on assets: 1.47%. Net interest margin at New Mexico Bank & Trust: 3.65%, +0.50 pp in a year. New Mexico Bank & Trust net income: $19.3 mn, up 20.1% year on year. The efficiency ratio of New Mexico Bank & Trust was 53.92%: about 54 cents cost per revenue dollar, against 57 cents at the median peer.
At , noncurrent loans were 0.26% of total loans at New Mexico Bank & Trust; net charge-offs: 0.02% of average loans. Gross loans and leases at New Mexico Bank & Trust: $1.3 bn at , against $1.4 bn at .
New Mexico Bank & Trust: profitability
- Return on equity 22%
- Net interest margin 3.7%
- Return on assets 1.5%
Peer group of New Mexico Bank & Trust
The peer group of New Mexico Bank & Trust is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 0 share the charter type of New Mexico Bank & Trust (state nonmember bank) and 0 have head offices in New Mexico. Against them, New Mexico Bank & Trust shows CET1 ratio 14.10% against a peer median of 11.95%, return on equity 22.44% against a peer median of 11.70% and uninsured deposit share 44.27% against a peer median of 32.10%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Old Plank Trail Community Bank | National bank | IL | $2.6 bn | 10.77% | 13.74% | 27.27% | |
| SouthEast Bank | State member bank | TN | $2.6 bn | 12.76% | 16.09% | 21.43% | |
| Quad City Bank and Trust Company | State member bank | IA | $2.6 bn | 11.70% | 9.66% | 41.56% | |
| New Mexico Bank & Trust | State nonmember bank | NM | $2.6 bn | 14.10% | 22.44% | 44.27% | |
| Horizon Bank, SSB | State-chartered stock savings bank | TX | $2.6 bn | 12.19% | 20.10% | 53.41% | |
| BankNewport | State member bank | RI | $2.6 bn | 13.02% | 3.50% | 21.93% | |
| Avidia Bank | State-chartered stock savings bank | MA | $2.6 bn | 10.22% | 7.35% | 36.94% | |
. FDIC Call Reports.
Last eight quarters
Two years at New Mexico Bank & Trust, to : assets $2.6 bn to $2.6 bn, deposits $2.2 bn to $2.4 bn, equity $229.7 mn to $180.8 mn. Staff 168 to 135.
| Metric | Q3 2021 | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $2.6 bn | $2.6 bn | $2.6 bn | $2.6 bn | $2.7 bn | $2.7 bn | $2.6 bn | $2.6 bn |
| Total deposits | $2.2 bn | $2.3 bn | $2.3 bn | $2.4 bn | $2.4 bn | $2.4 bn | $2.4 bn | $2.4 bn |
| Bank equity capital | $229.7 mn | $223.2 mn | $191.9 mn | $164.3 mn | $148.5 mn | $159.6 mn | $176.3 mn | $180.8 mn |
| CET1 ratio | 11.86% | 11.23% | 11.40% | 11.38% | 11.90% | 12.42% | 13.24% | 14.10% |
| Return on equity (ROE) | 15.16% | 14.02% | 15.52% | 16.66% | 19.93% | 22.06% | 24.22% | 22.44% |
| Uninsured share of domestic deposits | 48.18% | 50.31% | 48.72% | 48.47% | 49.89% | 51.03% | 44.89% | 44.27% |
| Full-time equivalent employees | 168 | 169 | 158 | 158 | 152 | 148 | 141 | 135 |
| Number of offices | 20 | 20 | 20 | 18 | 18 | 18 | 20 | 20 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of New Mexico Bank & Trust, oldest first; figures before and after each event are not like for like.
- . Merged into HTLF Bank (FDIC certificate 58458).
Questions and identifiers
What were the total assets of New Mexico Bank & Trust?
New Mexico Bank & Trust reported $2.6 bn at in its Call Report.
Is New Mexico Bank & Trust the same as its holding company?
No. This page covers New Mexico Bank & Trust, FDIC certificate 34726; HEARTLAND FINANCIAL USA INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is New Mexico Bank & Trust profitable?
New Mexico Bank & Trust reported net income of $19.3 mn for the year to ; annualized return on equity: 22.44%. So yes: New Mexico Bank & Trust made a profit over these months.
When is data for New Mexico Bank & Trust next updated?
New Mexico Bank & Trust no longer files Call Reports; its data ends at .
Where can I check the figures for New Mexico Bank & Trust?
In the FDIC BankFind Suite record for certificate 34726, and in the Call Reports of New Mexico Bank & Trust (RSSD ID 2649122) at the FFIEC Central Data Repository.