New Mexico Bank & Trust Mortgage Rates, Fees & Info
Albuquerque, NMLEI: 549300TFPNF5ZPLD8I74
Tax ID: 85-0451580
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Mortgage Data
Bank Data
Review & Overview
New Mexico Bank & Trust is a smaller bank specializing in Home Purchase and Refi loans. New Mexico Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Albuquerque, Los Alamos, Santa Fe, Phoenix, and Alamogordo among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)New Mexico Bank & Trust has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.39% | 11/22/24 |
| 30 Year Cash-out Refi | 6.27% | 11/22/24 |
| 15 Year Conventional Purchase | 5.80% | 11/22/24 |
| 15 Year Conventional Refi | 5.97% | 11/22/24 |
| 15 Year Cash-out Refi | 5.97% | 11/22/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
New Mexico Bank & Trust Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
44Origination Dollar Volume (All Markets)
$35,820,000Employee count
154Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| ALBUQUERQUE, NM (FHA|USDA|VA) | 23 | $23,945,000 | $1,041,087 | $0 | 0.00% |
| Los Alamos, NM (FHA|USDA|VA) | 2 | $4,910,000 | $2,455,000 | $0 | 0.00% |
| SANTA FE, NM (FHA|USDA|VA) | 5 | $2,075,000 | $415,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $1,735,000 | $578,333 | $0 | 0.00% |
| Alamogordo, NM (FHA|USDA|VA) | 1 | $1,585,000 | $1,585,000 | $0 | 0.00% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $0 | 0.00% |
| Clovis, NM (FHA|USDA|VA) | 6 | $650,000 | $108,333 | $0 | 0.00% |
| Española, NM (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 0.00% |
| Portales, NM (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against New Mexico Bank & Trust based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 44 | $35,820,000 | $814,091 | $0 | 0.00% |
For 2019, New Mexico Bank & Trust's most frequently originated type of loan was Conventional, with 44 originations.
Loan Reason
For 2019, New Mexico Bank & Trust's most frequently cited loan purpose was Home Purchase, with 22 originations. The 2nd most popular reason was Refi, with 18 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 44 | $35,820,000 | $814,091 | $0 | 0.00% |
For 2019, New Mexico Bank & Trust's most frequently cited loan duration was Other, with 44 originations.
Loan Sizing
2019 saw New Mexico Bank & Trust place emphasis on $100,000 or less loans with 17 originations, totaling $945,000 in origination value.
Applicant Income
New Mexico Bank & Trust lent most frequently to those with incomes in the $50k or less range, with 8 originations. The second most popular income band? $150k-250k, with 4 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 44 | $35,820,000 | $814,091 | $0 | 0.00% |
New Mexico Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 44 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.59%
New Mexico Bank & Trust has an average approval rate.
Pick Rate
Approvals leading to origination75.00%
New Mexico Bank & Trust has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 44 | $35,820,000 | $814,091 |
Occupancy Type Mix
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| New Mexico Bank & Trust | 1475 Central Avenue Los Alamos, NM 87544 | Full Service B&M | $72,727 |
| New Mexico Bank & Trust | 1549 Paseo De Peralta Santa Fe, NM 87501 | Full Service B&M | $108,990 |
| New Mexico Bank & Trust | 1592 St. Michael's Drive Santa Fe, NM 87505 | Full Service B&M | $160,324 |
| New Mexico Bank & Trust | 1612 East Spruce Street Portales, NM 88130 | Full Service B&M | $18,579 |
| New Mexico Bank & Trust | 173-45 Us Highway 64 Tierra Amarilla, NM 87575 | Full Service B&M | $35,728 |
| New Mexico Bank & Trust | 1810 Main Street Nw Los Lunas, NM 87031 | Full Service B&M | $58,020 |
| New Mexico Bank & Trust | 2009 Ross Street Clovis, NM 88101 | Full Service B&M | $0 |
| New Mexico Bank & Trust | 2300 Louisiana Boulevard Ne Albuquerque, NM 87110 | Full Service B&M | $63,458 |
| New Mexico Bank & Trust | 320 Gold Street, S.W. Albuquerque, NM 87102 | Full Service B&M | $291,742 |
| New Mexico Bank & Trust | 3701 4th Street, Nw Albuquerque, NM 87107 | Full Service B&M | $34,298 |
| New Mexico Bank & Trust | 4001 Southern Blvd. S.E. Rio Rancho, NM 87124 | Full Service B&M | $123,601 |
| New Mexico Bank & Trust | 411 Carr Lane Espanola, NM 87532 | Full Service B&M | $33,738 |
| New Mexico Bank & Trust | 6201 Riverside Plaza Lane Nw, Albuquerque, NM 87120 | Full Service B&M | $37,736 |
| New Mexico Bank & Trust | 7021 Jefferson Ne Albuquerque, NM 87109 | Full Service B&M | $98,281 |
| New Mexico Bank & Trust | 709 Pile Street Clovis, NM 88101 | Full Service B&M | $122,225 |
| New Mexico Bank & Trust | 7830 Enchanted Hills Blvd Rio Rancho, NM 87124 | Full Service B&M | $30,463 |
| New Mexico Bank & Trust | 9500 Montgomery Boulevard Ne, Sierra Vista Shopping Center Albuquerque, NM 87111 | Full Service B&M | $56,394 |
For 2019, New Mexico Bank & Trust had 17 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $65,574 |
| Net interest income | $60,726 |
| Total noninterest income | $11,632 |
| Gross Fiduciary activities income | $2,363 |
| Service charges on deposit accounts | $3,813 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $5,456 |
| Pre-tax net operating income | $34,597 |
| Securities gains (or losses, -) | $1,866 |
| Income before extraordinary items | $28,173 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $28,173 |
| Minority interest net income | $0 |
| Net income | $28,173 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $26,698 |
New Mexico Bank & Trust's gross interest income from loans was $65,574,000.
New Mexico Bank & Trust's net interest income from loans was $60,726,000.
New Mexico Bank & Trust's fee based income from loans was $3,813,000.
New Mexico Bank & Trust's net income from loans was $28,173,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $4,848 |
| Provision for credit losses | $360 |
| Total noninterest expense | $37,401 |
| Salaries and employee benefits | $12,231 |
| Premises and equipment expense | $2,960 |
| Additional noninterest expense | $22,210 |
| Applicable income taxes | $8,290 |
| Net charge-offs | $137 |
| Cash dividends | $20,500 |
New Mexico Bank & Trust's interest expense for loans was $4,848,000.
New Mexico Bank & Trust's payroll and benefits expense were $12,231,000.
New Mexico Bank & Trust's property, plant and equipment expenses $2,960,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 0.0% |
| Real Estate loans | 0.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 0.0% |
| HELOC loans | 0.0% |
| All other family | 1.0% |
| Commercial & industrial loans | 0.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.5% |
| Other individual loans | 1.0% |
| Auto loans | 1.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $1,565,071 |
| Deposits held in domestic offices | $1,565,071 |
| Deposits by Individuals, partnerships, and corporations | $1,483,290 |
| Deposits by U.S. Government | $1 |
| Deposits by States and political subdivisions in the U.S. | $81,780 |
| Deposits by Commercial banks and other depository institutions in U.S. | $0 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $250,573 |
| Demand deposits | $134,960 |
| Nontransaction accounts | $1,314,498 |
| Money market deposit accounts (MMDAs) | $1,083,713 |
| Other savings deposits (excluding MMDAs) | $129,242 |
| Total time deposits | $101,543 |
| Total time and savings deposits | $1,430,111 |
| Noninterest-bearing deposits | $568,604 |
| Interest-bearing deposits | $996,467 |
| Retail deposits | $1,531,164 |
| IRAs and Keogh plan accounts | $15,268 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,763,037 |
| Cash & Balances due from depository institutions | $30,687 |
| Interest-bearing balances | $10,328 |
| Total securities | $487,420 |
| Federal funds sold & reverse repurchase | $108,050 |
| Net loans and leases | $1,066,253 |
| Loan and leases loss allowance | $9,318 |
| Trading account assets | $874 |
| Bank premises and fixed assets | $26,475 |
| Other real estate owned | $1,644 |
| Goodwill and other intangibles | $11,053 |
| All other assets | $30,581 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,763,037 |
| Total Liabilities | $1,601,655 |
| Total deposits | $1,565,071 |
| Interest-bearing deposits | $996,467 |
| Deposits held in domestic offices | $1,565,071 |
| % insured (estimated) | $48 |
| Federal funds purchased and repurchase agreements | $18,001 |
| Trading liabilities | $874 |
| Other borrowed funds | $7,379 |
| Subordinated debt | $0 |
| All other liabilities | $10,330 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $1,066,253 |
| Loan and leases loss allowance | $9,318 |
| Total loans and leases (domestic) | $1,075,571 |
| All real estate loans | $746,629 |
| Real estate loans in domestic offices | $746,629 |
| Construction and development loans | $120,370 |
| Residential 1-4 family construction | $18,931 |
| Other construction, all land development and other land | $101,439 |
| Loans secured by nonfarm nonresidential properties | $415,527 |
| Nonfarm nonresidential secured by owner-occupied properties | $200,765 |
| Commercial real estate & other non-farm, non-residential | $214,762 |
| Multifamily residential real estate | $55,296 |
| 1-4 family residential loans | $127,514 |
| Farmland loans | $27,922 |
| Loans held in foreign offices | $0 |
| Farm loans | $11,051 |
| Commercial and industrial loans | $208,624 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $7,084 |
| Credit card loans | $1,042 |
| Related Plans | $1,439 |
| Consumer Auto Loans | $2,636 |
| Other loans to individuals | $1,967 |
| All other loans & leases | $102,183 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $350 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $0 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $0 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
New Mexico Bank & Trust had $1,066,253,000 of loans outstanding in 2019. $746,629,000 of loans were in real estate loans. $120,370,000 of loans were in development loans. $55,296,000 of loans were in multifamily mortgage loans. $127,514,000 of loans were in 1-4 family mortgage loans. $11,051,000 of loans were in farm loans. $1,042,000 of loans were in credit card loans. $2,636,000 of loans were in the auto loan category.
Small Business Loans
| Categorization | # of Loans in Category | $ amount of loans (in 000's) | Average $/loan |
|---|---|---|---|
| Nonfarm, nonresidential loans - <$1MM | 437 | $116,764 | $267,195 |
| Nonfarm, nonresidential loans - <$100k | 80 | $2,658 | $33,225 |
| Nonfarm, nonresidential loans - $100-250k | 128 | $16,788 | $131,156 |
| Nonfarm, nonresidential loans - $250k-1MM | 229 | $97,318 | $424,969 |
| Commercial & Industrial, US addressed loans - <$1MM | 1,062 | $68,679 | $64,669 |
| Commercial & Industrial, US addressed loans - <$100k | 697 | $14,028 | $20,126 |
| Commercial & Industrial, US addressed loans - $100-250k | 186 | $13,305 | $71,532 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 179 | $41,346 | $230,983 |
| Farmland loans - <$1MM | 41 | $5,703 | $139,098 |
| Farmland loans - <$100k | 15 | $384 | $25,600 |
| Farmland loans - $100-250k | 12 | $938 | $78,167 |
| Farmland loans - $250k-1MM | 14 | $4,381 | $312,929 |
| Agriculture operations loans - <$1MM | 63 | $3,697 | $58,683 |
| Agriculture operations loans - <$100k | 29 | $688 | $23,724 |
| Agriculture operations loans - $100-250k | 18 | $673 | $37,389 |
| Agriculture operations loans - $250k-1MM | 16 | $2,336 | $146,000 |