Bank 34 Mortgage Rates, Fees & Info
Alamogordo, NMLEI: 549300U708IU68HOIF33
Tax ID: 85-0142558
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Bank Data
Review & Overview
Bank 34 is a smaller bank specializing in various types of mortgages.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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
0Origination Dollar Volume (All Markets)
$0Employee count
66Similar Lenders
We use machine learning to identify the top lenders compared against Bank 34 based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
People's Community Federal Credit Union
Similarity Rank: 86
Similarity Rank: 86
GECU
Similarity Rank: 124
Similarity Rank: 124
SANDIA LABORATORY
Similarity Rank: 180
Similarity Rank: 180
The Riddell National Bank
Similarity Rank: 252
Similarity Rank: 252
Mutual Savings Bank
Similarity Rank: 264
Similarity Rank: 264
EVOLVE
Similarity Rank: 272
Similarity Rank: 272
First Credit Union
Similarity Rank: 378
Similarity Rank: 378
EL PASO AREA TEACHERS
Similarity Rank: 510
Similarity Rank: 510
Independent Federal Credit Union
Similarity Rank: 560
Similarity Rank: 560
Del Norte Credit Union
Similarity Rank: 624
Similarity Rank: 624
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Bank 34 | 14155 North 83rd Avenue, Suite 117 Peoria, AZ 85381 | Full Service B&M | $43,789 |
| Bank 34 | 14850 N. Scottsdale Rd., Ste 100 Scottsdale, AZ 85254 | Full Service B&M | $205,751 |
| Bank 34 | 220 N. Telshor Blvd. Las Cruces, NM 88011 | Full Service B&M | $66,613 |
| Bank 34 | 500 10th Street Alamogordo, NM 88310 | Full Service B&M | $99,100 |
For 2021, Bank 34 had 4 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $20,722 |
| Net interest income | $19,050 |
| Total noninterest income | $1,444 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $147 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $1,297 |
| Pre-tax net operating income | $4,620 |
| Securities gains (or losses, -) | $202 |
| Income before extraordinary items | $3,817 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $3,817 |
| Minority interest net income | $0 |
| Net income | $3,817 |
| Sale, conversion, retirement of capital stock, net | $386 |
| Net operating income | $3,657 |
Bank 34's gross interest income from loans was $20,722,000.
Bank 34's net interest income from loans was $19,050,000.
Bank 34's fee based income from loans was $147,000.
Bank 34's net income from loans was $3,817,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,672 |
| Provision for credit losses | $500 |
| Total noninterest expense | $15,374 |
| Salaries and employee benefits | $9,545 |
| Premises and equipment expense | $1,325 |
| Additional noninterest expense | $4,504 |
| Applicable income taxes | $1,005 |
| Net charge-offs | $-7 |
| Cash dividends | $0 |
Bank 34's interest expense for loans was $1,672,000.
Bank 34's payroll and benefits expense were $9,545,000.
Bank 34's property, plant and equipment expenses $1,325,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 1.0% |
| 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 | 0.0% |
| Commercial & industrial loans | 9.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.0% |
| Other individual loans | 0.0% |
| Auto loans | 0.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $443,622 |
| Deposits held in domestic offices | $443,622 |
| Deposits by Individuals, partnerships, and corporations | $408,225 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $31,195 |
| Deposits by Commercial banks and other depository institutions in U.S. | $4,202 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $149,799 |
| Demand deposits | $145,437 |
| Nontransaction accounts | $293,823 |
| Money market deposit accounts (MMDAs) | $222,465 |
| Other savings deposits (excluding MMDAs) | $16,809 |
| Total time deposits | $54,549 |
| Total time and savings deposits | $298,185 |
| Noninterest-bearing deposits | $105,777 |
| Interest-bearing deposits | $337,845 |
| Retail deposits | $431,609 |
| IRAs and Keogh plan accounts | $7,578 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $526,729 |
| Cash & Balances due from depository institutions | $6,905 |
| Interest-bearing balances | $3,875 |
| Total securities | $73,282 |
| Federal funds sold & reverse repurchase | $8,270 |
| Net loans and leases | $410,296 |
| Loan and leases loss allowance | $5,328 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $8,392 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $60 |
| All other assets | $19,524 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $526,729 |
| Total Liabilities | $469,244 |
| Total deposits | $443,622 |
| Interest-bearing deposits | $337,845 |
| Deposits held in domestic offices | $443,622 |
| % insured (estimated) | $68 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $20,600 |
| Subordinated debt | $0 |
| All other liabilities | $5,022 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $410,296 |
| Loan and leases loss allowance | $5,328 |
| Total loans and leases (domestic) | $415,624 |
| All real estate loans | $373,680 |
| Real estate loans in domestic offices | $373,680 |
| Construction and development loans | $39,605 |
| Residential 1-4 family construction | $2,742 |
| Other construction, all land development and other land | $36,863 |
| Loans secured by nonfarm nonresidential properties | $236,870 |
| Nonfarm nonresidential secured by owner-occupied properties | $53,422 |
| Commercial real estate & other non-farm, non-residential | $183,448 |
| Multifamily residential real estate | $52,254 |
| 1-4 family residential loans | $44,951 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $43,232 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $115 |
| Credit card loans | $0 |
| Related Plans | $10 |
| Consumer Auto Loans | $38 |
| Other loans to individuals | $67 |
| All other loans & leases | $0 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $0 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $1,188 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $64 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
Bank 34 had $410,296,000 of loans outstanding in 2021. $373,680,000 of loans were in real estate loans. $39,605,000 of loans were in development loans. $52,254,000 of loans were in multifamily mortgage loans. $44,951,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $38,000 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 | 158 | $53,474 | $338,443 |
| Nonfarm, nonresidential loans - <$100k | 18 | $826 | $45,889 |
| Nonfarm, nonresidential loans - $100-250k | 37 | $4,690 | $126,757 |
| Nonfarm, nonresidential loans - $250k-1MM | 103 | $47,958 | $465,612 |
| Commercial & Industrial, US addressed loans - <$1MM | 152 | $24,057 | $158,270 |
| Commercial & Industrial, US addressed loans - <$100k | 46 | $1,286 | $27,957 |
| Commercial & Industrial, US addressed loans - $100-250k | 38 | $3,930 | $103,421 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 68 | $18,841 | $277,074 |