Applications / Mortgage Analytics / Lenders / New Mexico / Western Commerce Bank
Carlsbad, NM · State non-member bank · FDIC · $867 million assets · 108 loans in 2025
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108
loans originated, 2025
125
applications, 2025
4
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Western Commerce Bank is a home-purchase lender in New Mexico that grew by almost a quarter in 2025 and makes a larger share of government-backed loans than nearly all banks its size.
Home purchases made up 85.2% of its 108 loans in 2025. Its typical loan was $270,000, against $175,000 at similar lenders, state non-member banks making between half and twice as many loans. That is larger than at more than four in five of them, and up from $205,000 the year before.
Loans insured by the Federal Housing Administration (FHA) made up 11.1% of its lending; the typical similar lender made none. That is a higher share than at nearly all its peers. In 2020 the FHA share was 29.3%, so the bank has moved toward conventional loans since.
Its loans rose 24%, from 87 to 108, against 9% at similar lenders and 10% for the whole market. It ranks 19th of 353 lenders in non-metro New Mexico, its largest market. In 2025 it made its first loans in Wichita Falls, Shreveport and non-metro North Carolina.
Three in five of its loans, 60.2%, went to majority-minority neighborhoods, against 6.1% at similar lenders. Only 8.3% went to low- and moderate-income (LMI) borrowers, against 27.7%. Its larger loans and its focus on home purchases are possible reasons for the low LMI share; the communities it serves, for the high minority one.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Western Commerce Bank took 125 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 85.2% · Refinance 7.4% · Home improvement 3.7% · Other 3.7%
Conventional 87.0% · FHA 11.1% · VA 1.9% · of 108 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| New Mexico | 101 | 93.5% |
| Texas | 5 | 4.6% |
| Louisiana | 1 | 0.9% |
| North Carolina | 1 | 0.9% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Albuquerque | 3 |
| Lubbock | 2 |
| El Paso | 1 |
| Shreveport-Bossier City | 1 |
| Wichita Falls | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493001SP13TNR6TUJ97 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 169756 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 318389 | 1997–2017 |
Established 3 June 1961. Reported under HMDA 1997-2025.
Mergers, name changes, data editions and corrections: Western Commerce Bank's data.
Western Commerce Bank's data
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Western Commerce Bank and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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