Bank · FDIC insured
Lea County State Bank
A $738.3M bank headquartered in Hobbs, NM, with 3 branches in New Mexico. Best rates: CDs 2.43% and savings 0.15% APY.
Lea County State Bank Carrot Score
61
Carrot Score
Higher than 5% of U.S. banks and credit unions
#5 of 5 in Hobbs, NM metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Lea County State Bank
Originally chartered in 1928 as Lea County State Bank of Lovington, the bank moved its main office to Hobbs to serve customers as the area grew.
After operating as First Interstate Bank of Lea County from 1981, it was purchased by local investors in 1991 and restored its name as a locally owned bank in Lea County.
- Headquarters
- 1017 N Turner St, Hobbs, NM 88240
- FDIC certificate
- 12259 ↗
Branches
3 branches in New Mexico
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New Mexico
3 branches
- Lea County State BankMain office1017 N Turner St, Hobbs, NM 88240Directions
- North Grimes Branch3927 N Grimes St, Hobbs, NM 88240Directions
- Lovington Branch320 S Main Ave, Lovington, NM 88260Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 9.21% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 3.61% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 1.58% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $35 | $81 | — |
- CapitalLeverage ratio9.21%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent3.61%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets1.58%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$35Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Lea County State Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.