First National Bank (NM) is headquartered in Alamogordo and is the 11st largest bank in the state of New Mexico. It is also the 2,029th largest bank in the nation. It was established in 1956 and as of December of 2013, it had grown to 114 employees at 8 locations. First National Bank (NM) has a A health rating.
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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, 2013 First National Bank (NM) had $183,000 in non-current loans and owned real-estate with $33.9 million in equity and loan loss allowances on hand to cover it. This gives First National Bank (NM) a Texas Ratio of 0.54% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for First National Bank (NM) decreased dramatically from 2.34% as of December 31, 2012 to 0.54% as of December 31, 2013, resulting in a positive change of 76.90%.This indicates that the balance sheet and financial strength for First National Bank (NM) has improved dramatically in recent periods.
In the past year, First National Bank (NM) has decreased its total deposits by -$2.28 million, resulting in -0.78% 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 National Bank (NM) has shown is average.
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 National Bank (NM) has $320.65 million in assets with $33.9 million in equity, resulting in a capitalization level of 10.57%, which is above average.
|FDIC Certificate #||17643|
|Assets and Liabilities|
|Equity Capital||$31.77 million|
|Loan Loss Allowance||$2.13 million|
|Unbacked Noncurrent Loans||$92,000|
|Real Estate Owned||$91,000|
|Historic Data - December 2012|
|Equity Capital||$38.42 million|
|Loan Loss Allowance||$1.64 million|
|Unbacked Noncurrent Loans||$92,000|
|Real Estate Owned||$717,000|
|Profit Margin - Quarterly|
|Net Interest Margin||3.82%|
|Return on Assets||1.6%|
|Return on Equity||14.87%|
|Interest Income||$12.10 million|
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|0.29%||$1k||-||No Penalty IRA|
|0.15%||$100||-||Personal Savings Account|
|0.14%||$50k||-||Money Market Checking Account|
|0.04%||$2,500||-||NOW Account Account|
|1.05%||$100||-||60 Month CD|
|0.90%||$100||-||48-59 Month CD|
|0.65%||$100||-||36-47 Month CD|
|0.58%||$100||-||30-35 Month CD|
|0.43%||$2,500||-||30 Month Bump CD|
|0.40%||$100||-||18-29 Month CD|
|0.23%||$100||-||12-17 Month CD|
|0.14%||$100||-||180-364 Day CD|
|0.65%||$500||-||36 Month IRA|
|0.65%||$500||-||36 Month Roth IRA|
|0.40%||$500||-||18 Month IRA|
|0.40%||$500||-||18 Month Roth IRA|
|0.23%||$500||-||12 Month IRA|
|0.23%||$500||-||12 Month Roth IRA|
|First National Bank (NM) Locations|
|Upper Canyon Branch||100 Main Road||Ruidoso, NM 88345|
|Tularosa Branch||206 Central Avenue||Tularosa, NM 88352|
|North Branch||3101 North White Sands Boulevard||Alamogordo, NM 88310|
|First National Bank||414 Tenth Street||Alamogordo, NM 88310|
|Ruidoso Branch||451 Sudderth Drive||Ruidoso, NM 88345|
|First Street Branch||804 First Street||Alamogordo, NM 88310|
|Artesia Branch||908 West Main Street||Artesia, NM 88211|
|Cloudcroft Branch||North Burro Avenue||Cloudcroft, NM 88317|