Lea County State Bank
FDIC #12259
📍 Hobbs, New Mexico
Lea County State Bank is a commercial bank, state charter and fed member, supervised by the federal reserve (frb). established in 01/01/1928. With assets of $617.20 Million, it operates 3 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: March 6, 2023
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
March 6, 2023
Satisfactory
December 3, 2018
Satisfactory
February 1, 2015
Satisfactory
💰 Financial Strength
Total Assets$617.20 Million
Total Deposits$500.18 Million
Equity Capital$21.94 Million
Net Income$6.00 Million
📈 Performance
ROA1.35%
ROE30.77%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established01/01/1928
FDIC Cert12259
Holding CoLea County Bancshares Inc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday8:00 AM - 5:30 PM
Tuesday8:00 AM - 5:30 PM
Wednesday8:00 AM - 5:30 PM
Thursday8:00 AM - 5:30 PM
Friday8:00 AM - 5:30 PM
SaturdayClosed
SundayClosed
📜 Institutional History
2021
Relocation
Moved HQ to: 1017 North Turner, Hobbs, NM 88240.
1994
Relocation
Moved HQ to: 1017 North Turner, Hobbs, NM 88241.
1991
Relocation
Moved HQ to: 1017 North Turner Street, Hobbs, NM 88240.
1991
Name Change
Name became: Changed Institution Name To Lea County State Bank.
1983
Name Change
Name became: Changed Institution Name To First Interstate Bank Of Lea County.