First American Bank

First American Bank Locations
303 W Main Street
Artesia, NM 88210
(575) 746-8000
www.1streadyonline.com

FDIC

First American Bank is headquartered in Artesia and is the 4th largest bank in the state of New Mexico. It is also the 791st largest bank in the nation. It was established in 1903 and as of December of 2012, it had grown to 237 employees at 16 locations. First American Bank has a 5-star health rating.

Related Posts

First American Bank in NM Still Offering 5% Reward Checking Account (Forum) - 2/12/2010

For some reason First American Bank is not listing its reward checking rate on its website. I just called and confirmed that the top rate is still 5% APY for balances up to $25K as of 2/12/10. Branches are located in several New Mexico cities. Refer to th

3.00% Reward Checking Account at First American Bank in New Mexico - Local Only - 8/31/2009

First American Bank is offering a reward checking account called First Rewards Checking. The account has the following rates and features if certain monthly requirements are met:5.00% APY on balances up to $25,0000.20% on portion of balance over...


Data for Q4 2012


Institution Statistics


First American Bank
FDIC Certificate #2240
BankRate ReportView
Year Established1903
Employees237
Primary RegulatorFDIC

Assets and Liabilities

Assets$838.43 million
Loans$411.87 million
Deposits$706.48 million
Equity Capital$76.09 million
Loan Loss Allowance$8.77 million
Unbacked Noncurrent Loans$4.93 million
Real Estate Owned$720,000

Historic Data - December 2011

Assets$732.26 million
Equity Capital$71.04 million
Loan Loss Allowance$8.60 million
Unbacked Noncurrent Loans$7.98 million
Real Estate Owned$2.83 million

Profit Margin - Quarterly

Net Interest Margin4.45%
Return on Assets1.74%
Return on Equity18.72%
Interest Income$33.79 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 First American Bank had $5.65 million in non-current loans and owned real-estate with $84.86 million in equity and loan loss allowances on hand to cover it. This gives First American Bank a Texas Ratio of 6.66% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for First American Bank decreased significantly from 12.55% as of December 31, 2011 to 6.66% as of December 31, 2012, resulting in a positive change of 46.93%.This indicates that the balance sheet and financial strength for First American Bank has improved significantly in recent periods.
Deposit Growth5
In the past year, First American Bank has increased its total deposits by $100.78 million, resulting in 16.64% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth First American Bank has shown is excellent.
Capitalization4
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. First American Bank has $838.42 million in assets with $84.86 million in equity, resulting in a capitalization level of 10.12%, which is above average.
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