Lea County State Bank, Financial Information

Terms and Definitions

• Domestic deposits

  The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
• Equity capital

  Total equity capital (includes preferred and common stock, surplus and undivided profits).
• ROA

  Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
• ROE

  Return on equity, annualized net income as a percent of average equity on a consolidated basis.

Chartered on November 2, 1928, during the great oil boom days the original Lea County State Bank of Lovington played an important part in the early development of this area. Dedicated to the people of Lea County, the bank adopted their pioneer spirit, which would eventually make this part of New Mexico great.

As Hobbs began to grow, the bank’s main office was eventually moved there to more adequately accommodate its customers. The bank’s name was shortened to Lea County State Bank in April of 1938. The bank subsequently changed ownership in 1959 and became known as First Interstate Bank of Lea County in 1981.

In September 1991, the bank was purchased by a group of local investors. The name was officially changed to Lea County State Bank. Today, Lea County State Bank has come full circle with the return to its original name and philosophy of putting customer service first.

Main Office
1017 N Turner
Hobbs, NM 88240
Phone: (575) 397-4511
North Grimes
3927 N Grimes St,
Hobbs, NM 88240
Phone: (575) 397-4511

Lovington Office
320 S. Main,
Lovington, NM 88260
Phone: (575) 396-2825