New Mexico Bank & Trust Mortgage Rates, Fees & Info

Albuquerque, NM

LEI: 549300TFPNF5ZPLD8I74

Tax ID: 85-0451580

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 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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Originations

Origination Dollar Volume (All Markets)

$35,820,000

Employee count

154

Top 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%

New Mexico Bank & Trust's top markets include Albuquerque, Los Alamos, Santa Fe, Phoenix, and Alamogordo among others.

Their top states include:

New Mexico (FHA|USDA|VA)

Arizona (FHA|USDA|VA)

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.

SANDIA LABORATORY
Similarity Rank: 60

RIO GRANDE
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First American Bank
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SIRVA MORTGAGE, INC.
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Del Norte Credit Union
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Kirtland Federal Credit Union
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SANDIA AREA
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First Financial Credit Union
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BETTER MORTGAGE CORPORATION
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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

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	22	$25,630,000	$1,165,000	$0	0.00%
Refi	18	$9,810,000	$545,000	$0	0.00%
Other	3	$255,000	$85,000	$0	0.00%
Home Improvement	1	$125,000	$125,000	$0	0.00%

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

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	17	$945,000	$55,588	$0	0.00%
$100k-200k	9	$1,375,000	$152,778	$0	0.00%
$1MM+	7	$28,435,000	$4,062,143	$0	0.00%
$200k-400k	4	$1,060,000	$265,000	$0	0.00%
$400k-600k	4	$2,060,000	$515,000	$0	0.00%
$600k-1MM	3	$1,945,000	$648,333	$0	0.00%

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

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	8	$480,000	$60,000	$0	0.00%
$150k-250k	4	$1,160,000	$290,000	$0	0.00%
$250k+	4	$910,000	$227,500	$0	0.00%
$100k-150k	3	$1,275,000	$425,000	$0	0.00%
$50k-75k	2	$220,000	$110,000	$0	0.00%
$75k-100k	2	$90,000	$45,000	$0	0.00%

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

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
Not applicable	17	$30,135,000	$1,772,647	$0	0.00%
White	21	$3,295,000	$156,905	$0	0.00%
Not provided	6	$2,390,000	$398,333	$0	0.00%

Approval Rates

Total approvals of all applications
85.59%

New Mexico Bank & Trust has an average approval rate.

Pick Rate

Approvals leading to origination
75.00%

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

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Manufactured	3	$895,000	$298,333
Multifamily:Site-Built	7	$27,165,000	$3,880,714
Single Family (1-4 Units):Manufactured	6	$310,000	$51,667
Single Family (1-4 Units):Site-Built	28	$7,450,000	$266,071

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