Western Commerce Bank
FDIC #18389
📍 Carlsbad, New Mexico
Western Commerce Bank is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in 06/03/1961. With assets of $759.56 Million, it operates 12 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: June 1, 2024
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
June 1, 2024
Satisfactory
April 1, 2021
Satisfactory
May 1, 2018
Satisfactory
💰 Financial Strength
Total Assets$759.56 Million
Total Deposits$690.27 Million
Equity Capital$64.32 Million
Net Income$16.99 Million
📈 Performance
ROA3.10%
ROE38.97%
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
Established06/03/1961
FDIC Cert18389
Holding CoWestern Com Bancshares Carlsbad
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeJuly 3, 2023
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday9:00 AM - 5:00 PM
Tuesday9:00 AM - 5:00 PM
Wednesday9:00 AM - 5:00 PM
Thursday9:00 AM - 5:00 PM
Friday9:00 AM - 5:00 PM
SaturdayClosed
SundayClosed
📜 Institutional History
2023
Merger / Acquisition
Acquired: Western Bank Of Clovis
1990
Name Change
Name became: Changed Institution Name To Western Commerce Bank.
1973
Name Change
Name became: Changed Institution Name To Commerce Bank And Trust.
1972
Name Change
Name became: Changed Institution Name To Commerce Bank And Trust.
1972
Relocation
Moved HQ to: 127 South Canyon Street, Carlsbad, NM 88220.