Lea County State Bank
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Data as of · sourced from FFIEC call reports. How we update
Lea County State Bank is an FDIC-insured commercial bank headquartered in Hobbs, NM, established in 1928 (FDIC certificate 12259), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $738.3M, up 1.7% from Q2 2025, the 9th largest of 29 banks headquartered in New Mexico. Its CET1 capital ratio was 20.29% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 12259
- Headquarters
- Hobbs, NM
- Established
- 1928
- Total assets, Q2 2026
- $738.3M
- Assets vs Q2 2025
- +1.7%
- CET1 ratio, Q2 2026
- 20.29%
- Domestic offices
- 3 FDIC institution directory, current count
- Routing number
- 112201836
- Holding company
- LEA COUNTY BANCSHARES, INC.
- Asset rank in state
- 9th of 29 in New Mexico
Lea County State Bank, based in Hobbs, New Mexico, reported $738 million in assets at June 30, 2026, up 1.7% from a year earlier. It pays an average of 0.88% on its deposits and borrowings, about half the median of 1.80% for the 2,660 banks with $100 million to $1 billion in assets. It also holds commercial real estate loans equal to only 19% of its capital, a small fraction of the median of 1.2 times for banks its size.
Problem loans eased: loans on nonaccrual or 90 or more days past due, net of government guarantees, were 3.61% of loans, down from 5.23% a year earlier. Its $123 million commercial and industrial book is improving, with 6.16% past due or on nonaccrual, down from 9.32% a year earlier. Credit is the area to watch: it carries problem assets equal to 13.7% of the capital and reserves that would absorb them, 5.2 times the median of 2.6% for banks its size.
As of June 30, 2026, Lea County State Bank reported a CET1 capital ratio of 20.29%, a return on assets of 1.37%, a nonperforming-loan ratio of 3.61% and a Texas ratio of 13.71%. The figures come from its call report filed with the FFIEC.
Of the 29 banks headquartered in New Mexico, Lea County State Bank is the 9th largest by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 2.7% to $738.3M, loans rose 4.0% and deposits rose 2.8%. Commercial and industrial loans made up 52.9% of its total loans on June 30, 2026, its largest category; next came owner-occupied commercial real estate loans at 13.1%. The FDIC Summary of Deposits lists 3 offices for it, in Hobbs, NM and Lovington, NM; its Hobbs 2 offices book 89% of its branch deposits. Judged on its Q2 2026 call report, Lea County State Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 1017 N Turner St, Hobbs, NM 88240
- County
- Lea
- Metro Area
- Hobbs, NM
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Dallas (Region 13)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 11, Dallas
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 041
- Established
- January 1, 1928
- Former names
- First Interstate Bank of Lea County (1981-1991); New Mexico Bank and Trust Company (1975-1981); The New Mexico Bank and Trust Company (1974-1975)
- Domestic offices
- 3 FDIC institution directory, current count
- Employees (FTE)
- 86
- Domestic deposits
- $662.4M
- Allowance for credit losses
- $3.5M
- Net charge-offs (YTD)
- $752K
- Average total assets
- $756.3M
- Average total loans
- $227.7M
- Average interest-bearing deposits
- $466.8M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 12259
- Fed RSSD
- 1015252
- SEC CIK
- 1679694 → filed by LEA COUNTY BANCSHARES, INC.
- Website
- www.onlinelcsb.com →
- Parent Holding Company
- LEA COUNTY BANCSHARES, INC. (RSSD 2148586)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Lea County State Bank's total assets ran between $617.2M (Q3 2023) and $778.9M (Q3 2024), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$738.3M total assets against $725.7M; $680.5M total liabilities against $682.6M.
$229.5M net loans and leases against $226.2M; $662.4M total deposits against $667.2M.
$449.8M securities against $418.1M; $33.8M cash and balances due against $62.6M.
$8.5M total interest income against $8.7M; $1.5M total interest expense against $2.3M.
$7.0M net interest income against $6.4M.
$1.1M total noninterest income against $876K; $4.0M total noninterest expense against $3.9M.
$1.4M provision for credit losses against $837K.
$2.6M net income against $2.6M.
1.37% return on assets against 1.38%; 4.03% net interest margin against 3.65%.
20.29% CET1 capital ratio against 19.99%; 9.21% tier 1 leverage ratio against 8.60%.
Inside the full Lea County State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Nonperforming loans (nonaccrual loans plus loans 90 or more days past due) exceed 3% of total loans. BankRegReports band at 3% of total loans.
Lea County State Bank rankings
Its closest position to the top of a national ranking is 370 of 3,640, for Texas Ratio; its furthest is 1,584 of 3,611, for ROA.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 1.21% (Q4 2024) to 1.85% (Q1 2025) and its net interest margin ran from 3.57% (Q4 2024) to 4.14% (Q4 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 20.29% | 1.37% | 3.61% | 13.71% | 4.03% |
| Q1 2026 | 21.06% | 1.68% | 4.31% | 17.05% | 3.94% |
| Q4 2025 | 20.77% | 1.29% | 4.01% | 15.58% | 4.14% |
| Q3 2025 | 20.03% | 1.70% | 5.53% | 24.39% | 3.81% |
| Q2 2025 | 19.99% | 1.38% | 5.53% | 26.27% | 3.65% |
| Q1 2025 | 20.40% | 1.85% | 1.20% | 6.26% | 3.86% |
| Q4 2024 | 20.09% | 1.21% | 1.16% | 6.30% | 3.57% |
| Q3 2024 | 20.40% | 1.74% | 0.81% | 3.80% | 3.64% |
Swipe the table sideways to see every column.
Branch Network
View all 3 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Lea County State Bank (main office) | Hobbs , NM | 88240 | $590.7M |
| Lovington Branch | Lovington , NM | 88260 | $71.7M |
| North Grimes Branch | Hobbs , NM | 88240 | $0 |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 1.4% of deposits in NM, rank 18 of 55 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 2 loans, $750K approved, $375K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Lea County State Bank
What are Lea County State Bank's total assets?
As of the Q2 2026 filing, Lea County State Bank reported total assets of $738.3 million in its FFIEC call report.
Where is Lea County State Bank headquartered?
It is headquartered in Hobbs, NM, United States.
When was Lea County State Bank founded?
It was established in 1928, per the FDIC institution directory.
Is Lea County State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #12259). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Lea County State Bank?
Lea County State Bank's primary federal regulator is the Federal Reserve.
What is Lea County State Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 20.29% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Lea County State Bank operate?
It operates 3 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Lea County State Bank's Texas Ratio?
Its Texas Ratio is 13.71% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was Lea County State Bank previously called?
The charter now named Lea County State Bank has also operated as First Interstate Bank of Lea County (1981-1991), New Mexico Bank and Trust Company (1975-1981), The New Mexico Bank and Trust Company (1974-1975), per FDIC structure-change records.
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