SFR's story this week on Charter Bank—a followup to the post here—raises the issue of how local banks are faring and which, if any, might go under.

The figures below come from truly awesome bank tracker tool by the American University School of Communication's Investigative Reporting Workshop and MSNBC. Those web geniuses in turn got their data from what banks report to the Federal Deposit Insurance Corporation, and what credit unions report to the National Credit Union Administration. (If you're really a glutton for punishment, you can search the raw reports here and here. Here's a quick link to the bank tracker's list of all the banks in New Mexico, organized by city.)

Though the numbers in this post are all effective as of the institutions' Sept. 30 quarterly reports, the links should remain active with up-to-date-information.

The first number is what the AU bank trackers call the institutions' troubled asset ratio. It's a simple measure of a bank's health and is explained here. The higher the number, the more strain the bank is under. Based on this measure, four New Mexico-based banks are in pretty risky shape.

They are High Desert State Bank and Bank 1st, both of Albuquerque. Also, covered in SFR this week: Charter Bank of Santa Fe and First Community Bank of Taos.



An asterisk (*) means the bank or its parent company took money under the TARP bailout program. Click through to find out how much.



Banks based in Santa Fe

Century Bank* — 48.0 — $2.42 million

Charter Bank — 142.6 — $-57.67 million

Community Bank — 18.7 — $609,000

The First National Bank of Santa Fe — 9.4 — $8.4 million



Outside banks with branches in Santa Fe

IronStone Bank (Fort Myers, Fla.) — 17.2 — $-17.65  million

Wells Fargo Bank, Ltd * (Los Angeles, Calif.) — 0.0 — $-17.3 million

Bank of America (Charlotte, NC)* — 32.6 — $4.53 billion

State Street Bank and Trust Company (Boston, Mass.)* — 2.6 — $-2.39 billion

State Farm Bank, FSB (Bloomington, Ill.) — 8.9 — $-123.21 million

UBS Bank USA (Salt Lake City, Utah) — 0.1 — $149.7 million



Credit unions based in Santa Fe

Guadalupe — 21.6 — $1.25 million

Land Of Enchantment — 20.6 — $-161,173

New Mexico Correctional Employees — 30.3 — $10,752

Northern New Mexico School Employees — 9.5 — $-68,449

Permaculture — 19.6 — $91,762

State Employees — 11.3 — $3.68 million



Banks based in Albuquerque

Bank 1st — 212.2 — $-3.34 million

Bank of Albuquerque, NA — 10.8 — $4.02 million

DSRM National Bank — 0.0 — $48,000

High Desert State Bank — 295.3 — $-5.85 million

Main Bank — 30.9 — $161,000

New Mexico Bank & Trust* — 26.4 — $6.65 million

Sunrise Bank of Albuquerque — 88.7 — $-1.17 million

Union Savings Bank — 2.7 — $343,000



Other banks based in towns near Santa Fe

Valley National Bank (Espanola) — 61.7 — $542,000

Los Alamos National Bank* — 44.6 — $3.86 million

Centinel Bank of Taos —  4.9 — $2.18 million

First Community Bank (Taos)  — 95.0 — $-79.11 million

Community 1st Bank Las Vegas — 8.6 — $1.31 million

The Bank of Las Vegas — 0.4 — $3.37 million