# WESTERN HERITAGE BANK
LAS CRUCES, NM · FDIC certificate 35492 · asset band $300M-1B · latest filing 2023-12 · stopped filing (departed)

**Verdict on the desk:** this could be *fortress*. Composite score 1 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $326.9M | |
| Deposits | $281.0M | |
| Loans and leases | $252.8M | |
| Total equity | $37.0M | |
| Loans / deposits | 88.91% (p68 of band) | 80.89% |
| Liquid assets / assets | 19.52% (p30 of band) | |
| Uninsured deposits / deposits | 42.89% (p91 of band) | 25.41% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 1.53% (p24 of band) | |
| FHLB advances / assets | 1.53% | |
| Tier 1 leverage | 11.94% (p76 of band) | 10.29% |
| Unrealized securities loss / equity | -1.65% (p91 of band) | -17.38% |
| AOCI / equity | 0.57% (p19 of band) | |
| ROA (annualized) | 1.46% (p76 of band) | 1.01% |
| Net interest margin | 4.88% (p95 of band) | 3.46% |
| Efficiency ratio | 60.77% (p35 of band) | |
| Noncurrent loans | 0.00% (p11 of band) | 0.24% |
| Net charge-offs (annualized) | -0.04% (p5 of band) | |
| Reserve coverage of noncurrent | 37025.00% | |
| Real estate % of loans | 67% | |
| Construction % of loans | 107.40% (p82 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | -2.5% | |
| Employees | 63 | |

## Flags firing in the latest filing

- **construction >100% equity** (`conc_construction`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 1 | liquid assets <10% |  |
| 2011-09 | 2 | losing money, expense ratio p90 | liquid assets <10% |
| 2011-12 | 2 | capital falling | expense ratio p90 |
| 2012-03 | 0 |  | losing money, capital falling |
| 2012-06 | 0 |  |  |
| 2012-09 | 3 | loans exceed deposits, reserve under noncurrent, deposits shrinking |  |
| 2012-12 | 3 |  |  |
| 2013-03 | 2 | assets shrinking | loans exceed deposits, reserve under noncurrent |
| 2013-06 | 3 | reserve under noncurrent |  |
| 2013-09 | 1 |  | deposits shrinking, reserve under noncurrent |
| 2013-12 | 2 | deposits shrinking |  |
| 2014-03 | 2 | losing money, expense ratio p90 | assets shrinking, deposits shrinking |
| 2014-06 | 1 | liquid assets <10% | losing money, expense ratio p90 |
| 2014-09 | 1 | capital falling | liquid assets <10% |
| 2014-12 | 0 |  | capital falling |
| 2015-03 | 6 | loans exceed deposits, wholesale funding >15%, losing money, expense ratio p90, charge-offs p90, uninsured deposits leaving |  |
| 2015-06 | 4 | capital falling | losing money, expense ratio p90, uninsured deposits leaving |
| 2015-09 | 0 |  | loans exceed deposits, wholesale funding >15%, charge-offs p90, capital falling |
| 2015-12 | 0 |  |  |
| 2016-03 | 3 | losing money, expense ratio p90, charge-offs p90 |  |
| 2016-06 | 3 | assets shrinking | charge-offs p90 |
| 2016-09 | 2 |  | assets shrinking |
| 2016-12 | 6 | brokered >10%, wholesale funding >15%, deposits shrinking, assets shrinking |  |
| 2017-03 | 5 |  | wholesale funding >15% |
| 2017-06 | 4 |  | assets shrinking |
| 2017-09 | 1 |  | losing money, brokered >10%, deposits shrinking |
| 2017-12 | 2 | capital falling |  |
| 2018-03 | 2 |  |  |
| 2018-06 | 1 |  | capital falling |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 | capital falling | expense ratio p90 |
| 2019-03 | 1 |  |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 0 |  | capital falling |
| 2020-06 | 0 |  |  |
| 2020-09 | 2 | capital falling, construction >100% equity |  |
| 2020-12 | 1 |  | capital falling |
| 2021-03 | 1 |  |  |
| 2021-06 | 1 |  |  |
| 2021-09 | 1 |  |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 2 | capital falling |  |
| 2022-06 | 1 |  | construction >100% equity |
| 2022-09 | 2 | construction >100% equity |  |
| 2022-12 | 1 |  | capital falling |
| 2023-03 | 0 |  | construction >100% equity |
| 2023-06 | 0 |  |  |
| 2023-09 | 0 |  |  |
| 2023-12 | 1 | construction >100% equity |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2024-03-12 [Nusenda Credit Union takes over El Paso's Western Heritage Bank branches as sale completed - El Paso Times](https://news.google.com/rss/articles/CBMi6gFBVV95cUxNX2FxNzlJRUdrd1QxYVU3Y1dPWlJodDI2MWEzVkNoMTBVd2dHejYyRnRoekFpT3dkLTR4RGZIZVpsVEZQcUhBcXhRUWhOSGlSdWg0bnlYSXpHaUNZbzZ3S3lXd0kxdEplNW5STkd5ZXN6Rm1lZE5KQVpfN2ZEM1JabFMwUC1TTHJKVTJfQi1FLUYzd2RpRGI4ZnZsdXBIamRTeFdsY3RaX3JwWlVMcUcxLUkzQVM4VWtuNlE3R3pkOV9aUE12YjVtTGpKakpncEoxaFl1QjNGTHk5am5FOFhHWkU0RE1VNUxkU3c?oc=5) · El Paso Times
- 2023-06-07 [New Mexico credit union to buy Western Heritage Bank - Banking Dive](https://news.google.com/rss/articles/CBMiswFBVV95cUxNYl91WUg1eE9kczM1U2pzU2RwUGdXYS0zdXNSMjhhN0ltSzgwQ0IzNm5ob3FFd0NfRm5oSUtyd1pfSXhMa1FLNWhydHZqLWVnSWhTQmFHUVItMUhYVHV4aG9fZmk0MmtyaXlRa05CLWRqSnVMdTA3Q2h1Y1oyTDNCSUlWTFdRQmVDVEFoN0g1N0FPRkpFSXNWdVhWZFRBdDY1a0o2aU5QVjFNVjNSVGtPQ3JGaw?oc=5) · Banking Dive
- 2023-06-06 [Nusenda Credit Union to acquire Western Heritage Bank - KRQE](https://news.google.com/rss/articles/CBMilgFBVV95cUxPX21NQkp3SE90YVdHcG9NQllyckZYUWRwRk1BbDF2bVlyMWZ0dWV5dzZGTHM0RmRUZWxQT3dFa0kzc0J2WDA1VXZRTEZQWk5NRjNkbUtESUctaTdVT1hCeFVhOURPLWJMT0NOb1NpWEtDaWxhMUJuSVY2LWoteGtWdzdKenNkb19raXZuMkhWb1JPXzI0TVHSAZsBQVVfeXFMTlFqU3MxbTRSbnNoOHJwakowVWtrT0g3WGkyZGs0dGZaRkM2Nk1nVnB3bXJMR2FIRXRpbUR6V19WQVN6bDFfOEwyMWRQN1lnMUJkYzBfc092dzRZZjRvbW9JV18zeGZDcnJWMHhtaWNhdWlfellSQVR4SldsclAxb0dKbkFqcFlpZVpjWkY5VmpDbnk1VnJ1SVY1Z1E?oc=5) · KRQE
- 2024-03-12 [Nusenda Credit Union completes acquisition of Western Heritage Bank - KOB 4](https://news.google.com/rss/articles/CBMioAFBVV95cUxPMDcwbkJqY0xZOUg2dzBLS1FQeGE5ZjktRTRzQ2ZsZUtTLTN3STh6T3FPMmJZWWpmdGF5alk4c0FJWFdCcWZGQkxybkhUajJfZlVtTmlSZzBTNjRtYkZnTE9RckJPUnZZZHNvUXJpeC1yc1ptRzBBdUQ4a1V2cWZ2bGh6akptdlJ5aVJBQ0lfWnI5eUJ3dFMxVzg0MlJxa0p2?oc=5) · KOB 4
- 2023-06-06 [Nusenda to acquire Western Heritage Bank, expand to Texas - The Business Journals](https://news.google.com/rss/articles/CBMirgFBVV95cUxObXdkaEl2a05CYmg2cEVTYUp0MzNPcUF6TjZNXzNROVdxdEctdnFrMkVNbEd0d2pqZ2p1cExmVUkwNEdrZXM4VjF5ZlhGdi10N3BsV0hDUzF2NFhRT0tTS2ktRnFMMlVIbzl3VkdDZmJhOUtsYk5WRWxsS01iR3A2TDFfa1JiM1JRYlRiaFljVHlNVEpmOEpheTJqS0NlaEZVS2VsOUtGRzVGYWFuZHc?oc=5) · The Business Journals
- 2023-06-07 [Nusenda Credit Union acquiring Las Cruces-based Western Heritage Bank by 2024 - Las Cruces Sun-News](https://news.google.com/rss/articles/CBMiggJBVV95cUxQTjRMeWpHZW0ySlBJTktSM0VrUEx4cE9oSVoyV1VORDZOd3Q2N1ZiYlM2MDlzVXhhQVR6QjZEUE8xbUNnZTI3ZnlkRzBUdml6bXEwU0xSOTVDV0QwZVhmd1VoeVluczNCQ0Y0LXNLZENYZGxKN2tSbGRWblZOdFp0MS10RkhRN1FTdmxxbTdLOTBKT3hTRkFwSTdVc1JLSXdvRHRIbGhjY0VoQy1BN240MWdnT2JTbVpIakptSzA5eUg1elBwMDR5NWNXR2V3MU5IamdNTUh6TlNFVGRaZ2FvS3E0aWhibENfTjQ2VjFoMlpFb0pIdVpsZzhHaHRIUEJGZkE?oc=5) · Las Cruces Sun-News
- 2017-06-06 [Western Heritage Bank Announces Expanded Las Cruces Board of Directors - KRWG Public Media](https://news.google.com/rss/articles/CBMisAFBVV95cUxPSDM4RVJSNTlWS0VzRWNJRXVGTFY5QXlud0FzYldhVlY4N2x0NEtJV1VLMnlxODJnRngtUElYc3VqTi10XzlkMEt4ODhUdFhqZU1tN3BxR3pxeDAtZDZOc3hYdmV1SXAtNTMyS0V3RXptZTRpdzU4aDNoenMxR2R5TURyNnJ6dTJvWktYS2VsaG1tRURob2M2VzF2cGtWelBpUjR3bGxGOU5LajNhemRubQ?oc=5) · KRWG Public Media
- 2023-06-06 [Nusenda Credit Union buying bank in New Mexico - American Banker](https://news.google.com/rss/articles/CBMiuAFBVV95cUxQaWJYdUZqdEVUTTNDd1lCSTVkRVo4N2NnY1JzTDNRRHdxcXh5eDZCbWhuY1BCc2tvUXFZSFBhMExPQ2NyWFlnX0xSYUJON0Joc2tXMUVKRHpyR3V4WDhoMWpkZ1FrZlA2dGRfTFpLam9YTG83ZmtYbEZmQm1GV09WcUl2UFZaTl9odHZ1RmExSjVWZENvVVY0NUZFUzRGblp5RWEyY24taUpIdkFFTk5Ed2JJeENwR1Vq?oc=5) · American Banker

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=35492 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/36.json (key "35492", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide