Century Bank Sante Fe New Mexico

Century  Bank Sante Fe New Mexico was founded in 1910.  The company took $10MM in tax payer funding which it won’t repay.

The bank has $520MM in assets with $56MM in equity.

The actual equity is $46MM when the tax payer funds are backed out.

The company has $17MM in problem loans.

Net income was $917K in FY10, how long will it take them to  pay back $10MM?

10 years if they are lucky.

They do have an impressive list of real estate for sale.

The bank doesn’t like to post it’s financial statements, don’t worry it is not that hard to find.

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