During the corresponding time, Alamogordo Financial Corp recorded a revenue increase by 43.79 % year on year, sequentially revenue grew by 22.67 %. While revenue at the Alamogordo Financial Corp's corporate clients
Alamogordo Financial's Comment on Sales, Marketing and Customers
Bank 34 operates four full-service banking centers, one each in Otero and Dona
Ana Counties, New Mexico and two in Maricopa County, Arizona. We also operate
loan production offices in El Paso, Texas (El Paso County), Albuquerque, New Mexico
(Bernalillo County), Scottsdale, Arizona (Maricopa County), Tucson, Arizona (Pima
County), Kirkland, Washington (King County), Puyallup, Washington (Pierce County)
and Medford, Oregon (Jackson County). The following describes the market areas
of our banking centers.
Arizona. The Arizona economy is expanding at a steady pace and faster than the
national average. The Phoenix metropolitan statistical area (MSA) economy, which
includes Maricopa County, expanded at faster rate than the nation in 2015 and
has done so since mid-2011. The Phoenix MSA accounted for nearly 90% of the net
job growth statewide. According to the University of Arizona’s Economic
and Business Research Center, population and household growth in Maricopa County
is expected to continue this growth for the next five years. Maricopa County’s
unemployment rate decreased to 5.7% as of August 2015 from 6.8% as of August 2014
and is below the state average of 6.8%. According to the same report, the economic
forecast calls for economic growth in the Phoenix MSA to strengthen during the
next two years, with job growth reaching 2.9% in 2017. Due to the speed of recovery
in the housing market, Maricopa County offers a more favorable lending environment
than our New Mexico counties. Maricopa County has had steadily decreasing vacancy
rates in multi-family, industrial, office and retail properties. Since 2010, according
to the National Association of Realtors, Maricopa County has shown the fastest
housing recovery and the highest growth in median sales price of single family
homes among our market counties. In addition, during 2015, housing permits in
the Phoenix MSA increased by over 40%, which was the best year for single-family
housing permits in the area since 2007.
New Mexico. Despite currently ranking as the seventh most favorable tax state
for operating a business, New Mexico’s employment growth has ranked among
the lowest nationally since 2009, largely due to an above average loss of government
transfer and subsidy programs. The trend showed some signs of reversing in 2015,
with job growth increasing 1.4% in 2015. Nearly 65% of new jobs created during
2015 were in health care, and the growth in health care jobs was fairly evenly
distributed in both metropolitan and rural areas of the state. According to the
University of New Mexico’s Bureau of Business & Economic Research, ,the
overall New Mexico employment growth forecast is 1.2% per year between 2016 and
2020, led by healthcare and educational services and, secondarily, by the combined
contributions of leisure and hospitality, professional and technical services,
retail and wholesale trade, and construction.
Alamogordo Financial’s Comment on Sales, Marketing and Customers
Bank 34 operates four full-service banking centers, one each in Otero and Dona
Ana Counties, New Mexico and two in Maricopa County, Arizona. We also operate
loan production offices in El Paso, Texas (El Paso County), Albuquerque, New Mexico
(Bernalillo County), Scottsdale, Arizona (Maricopa County), Tucson, Arizona (Pima
County), Kirkland, Washington (King County), Puyallup, Washington (Pierce County)
and Medford, Oregon (Jackson County). The following describes the market areas
of our banking centers.
Arizona. The Arizona economy is expanding at a steady pace and faster than the
national average. The Phoenix metropolitan statistical area (MSA) economy, which
includes Maricopa County, expanded at faster rate than the nation in 2015 and
has done so since mid-2011. The Phoenix MSA accounted for nearly 90% of the net
job growth statewide. According to the University of Arizona’s Economic
and Business Research Center, population and household growth in Maricopa County
is expected to continue this growth for the next five years. Maricopa County’s
unemployment rate decreased to 5.7% as of August 2015 from 6.8% as of August 2014
and is below the state average of 6.8%. According to the same report, the economic
forecast calls for economic growth in the Phoenix MSA to strengthen during the
next two years, with job growth reaching 2.9% in 2017. Due to the speed of recovery
in the housing market, Maricopa County offers a more favorable lending environment
than our New Mexico counties. Maricopa County has had steadily decreasing vacancy
rates in multi-family, industrial, office and retail properties. Since 2010, according
to the National Association of Realtors, Maricopa County has shown the fastest
housing recovery and the highest growth in median sales price of single family
homes among our market counties. In addition, during 2015, housing permits in
the Phoenix MSA increased by over 40%, which was the best year for single-family
housing permits in the area since 2007.
New Mexico. Despite currently ranking as the seventh most favorable tax state
for operating a business, New Mexico’s employment growth has ranked among
the lowest nationally since 2009, largely due to an above average loss of government
transfer and subsidy programs. The trend showed some signs of reversing in 2015,
with job growth increasing 1.4% in 2015. Nearly 65% of new jobs created during
2015 were in health care, and the growth in health care jobs was fairly evenly
distributed in both metropolitan and rural areas of the state. According to the
University of New Mexico’s Bureau of Business & Economic Research, ,the
overall New Mexico employment growth forecast is 1.2% per year between 2016 and
2020, led by healthcare and educational services and, secondarily, by the combined
contributions of leisure and hospitality, professional and technical services,
retail and wholesale trade, and construction.
Sources:
Alamogordo Financial Corp’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Alamogordo Financial Corp’s corporate clients.
For your research, we’ve provided 9 tables on Alamogordo Financial Corp corporate clients.
You can find them in the navigation menu under Customers & Markets.
To download the tables, please subscribe.
Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com
Disclaimer: Information provided by CSIMarket.com is for informational purposes only and does not constitute investment advice, recommendation, or solicitation to buy or sell any security.
