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575-746-8000
303 W Main Street
Artesia, NM 88210

First American Bank is headquartered in Artesia and is the 5th largest bank in the state of New Mexico. It is also the 766th largest bank in the nation. It was established in 1903 and as of March of 2014, it had grown to 239 employees at 16 locations. First American Bank has a B+ health rating.

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Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
A

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 First American Bank had $7.81 million in non-current loans and owned real-estate with $85.08 million in equity and loan loss allowances on hand to cover it. This gives First American Bank a Texas Ratio of 9.18% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for First American Bank experienced no significant changes from 9.80% as of March 31, 2013 to 9.18% as of March 31, 2014, resulting in a positive change of 6.35%.This indicates that the balance sheet and financial strength for First American Bank has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, First American Bank has increased its total deposits by $55 million, resulting in 7.76% 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.

Capitalization

GRADE:
B

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 $883.62 million in assets with $85.08 million in equity, resulting in a capitalization level of 9.63%, which is above average.

Institution Statistics

Overall
FDIC Certificate #2240
Year Established1903
Employees239
Primary RegulatorFDIC
Assets and Liabilities
Assets$883.62 million
Loans$416.88 million
Deposits$763.66 million
Equity Capital$76.58 million
Loan Loss Allowance$8.50 million
Unbacked Noncurrent Loans$6.71 million
Real Estate Owned$1.10 million
Historic Data - March 2013
Assets$827.85 million
Equity Capital$76.05 million
Loan Loss Allowance$8.58 million
Unbacked Noncurrent Loans$6.71 million
Real Estate Owned$1.09 million
Profit Margin - Quarterly
Net Interest Margin3.94%
Return on Assets1.19%
Return on Equity13.56%
Interest Income$8.21 million
Rates

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Locations

First American Bank has 16 locations. Click to view all First American Bank locations.