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Bank of Belen, The

Belen, NM · Cert 33616

FDIC · 5 branches

Q3 2018

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2018, the quarter ended September 30, 2018, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Bank of Belen, The

Belen, NM · Cert 33616

FDIC · 5 branches

Q3 2018

$157.1MAssets
$79.3MLoans
$136.5MDeposits
$19.2MEquity
Loan mix
96%RE $64.1M2%C&I $1.3M2%Consumer $1.3MQ3 2017Q3 2018
Deposit mix
71%Interest-bearing $97.5M29%Noninterest $39.1MQ3 2017Q3 2018

NIM

3.92%Q3 ’164.00%Q3 ’174.27%Q3 ’18+4%+8%

Non-interest income vs. expense

3.39%Q3 ’163.41%Q3 ’173.63%Q3 ’18+3%+2%

Market Position · Albuquerque, NM · 2018 SOD (annual) · 0.9% share · #11 of 23 inst. · $0.1B of $14.5B

15.9% Valencia
20.3% Torrance
0.1% Bernalillo

Executive Summary

  • Earnings: ROA of 1.12%, up 32 bps year over year; NIM at 4.15%.
  • Asset quality: problem loans at 1.13% of loans (-58 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 12.82%, up 98 bps from a year ago.
  • Funding: loans stand at 58.06% of deposits as of Q3 2018.

Financial Results

Return on Assets (YTD, annualized)

1.12%+32 bps YoY

Net Interest Margin (YTD, annualized)

4.15%+31 bps YoY

Efficiency Ratio (YTD, annualized)

71.91%-273 bps YoY

Tier 1 Leverage Ratio

12.82%+98 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2017Q4 2017Q1 2018Q2 2018Q3 2018YoY ΔTrend
Earnings
Return on Assets0.79%0.59%0.95%0.92%1.12%+32 bps
Return on Equity6.97%5.16%8.12%7.83%9.40%+243 bps
Net Interest Margin3.84%3.84%4.05%4.06%4.15%+31 bps
Efficiency Ratio74.64%74.98%74.46%75.09%71.91%-273 bps
Non-Interest Burden2.68%2.70%2.82%2.86%2.73%+5 bps
Growth
Asset Growth (YoY)-0.95%-2.09%-4.48%-4.21%-4.83%-388 bps
Loan Growth (YoY)15.97%10.59%-0.25%-0.50%-9.76%-2,573 bps
Deposit Growth (YoY)-2.46%-3.13%-5.44%-4.03%-3.54%-108 bps
Asset Quality
Nonperforming Loans / Loans1.70%1.60%1.73%1.71%1.13%-58 bps
Net Charge-Offs / Loans-0.02%-0.02%-0.02%-0.01%-0.01%+2 bps
Allowance / Loans2.37%2.44%2.61%2.63%2.63%+26 bps
Allowance Coverage of NPLs1.4x1.5x1.5x1.5x2.3x+0.9x
Capital
Tier 1 Leverage Ratio11.84%11.43%12.06%12.36%12.82%+98 bps
Total Risk-Based Capital20.80%21.00%22.35%22.13%22.84%+204 bps
Equity / Assets11.60%11.52%11.76%11.97%12.24%+65 bps
Liquidity & Funding
Loans / Deposits62.06%61.02%58.29%58.26%58.06%-400 bps
Liquid Assets / Assets7.66%7.76%9.30%7.83%8.89%+123 bps
CRE / Total Capitaln/an/an/an/an/an/an/a