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Overview / Commentary
414 Tenth Street
Alamogordo, NM 88310

First National Bank (NM) is headquartered in Alamogordo and is the 12st largest bank in the state of New Mexico. It is also the 2,068th largest bank in the nation. It was established in 1956 and as of March of 2014, it had grown to 111 employees at 8 locations. First National Bank (NM) has a A health rating.

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Data for Q1 2014

Institution Health


Texas Ratio


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 National Bank (NM) had $319,000 in non-current loans and owned real-estate with $35.75 million in equity and loan loss allowances on hand to cover it. This gives First National Bank (NM) a Texas Ratio of 0.89% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for First National Bank (NM) decreased dramatically from 2.36% as of March 31, 2013 to 0.89% as of March 31, 2014, resulting in a positive change of 62.20%.This indicates that the balance sheet and financial strength for First National Bank (NM) has improved dramatically in recent periods.

Deposit Growth


In the past year, First National Bank (NM) has decreased its total deposits by -$8.36 million, resulting in -2.86% 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 below 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 $317.99 million in assets with $35.75 million in equity, resulting in a capitalization level of 11.24%, which is excellent.

Institution Statistics

FDIC Certificate #17643
Year Established1956
Primary RegulatorOCC
Assets and Liabilities
Assets$317.99 million
Loans$130.02 million
Deposits$283.59 million
Equity Capital$33.63 million
Loan Loss Allowance$2.12 million
Unbacked Noncurrent Loans$228,000
Real Estate Owned$91,000
Historic Data - March 2013
Assets$330.78 million
Equity Capital$38.06 million
Loan Loss Allowance$1.68 million
Unbacked Noncurrent Loans$228,000
Real Estate Owned$717,000
Profit Margin - Quarterly
Net Interest Margin4.02%
Return on Assets1.5%
Return on Equity14.62%
Interest Income$3.09 million

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First National Bank (NM) Savings Account Rates

0.29%$1k-No Penalty IRA
0.15%$100-Personal Savings Account

First National Bank (NM) Money Market Rates

0.14%$50k-Money Market Checking Account

First National Bank (NM) Checking Account Rates

0.04%$2,500-NOW Account Account

First National Bank (NM) CD Rates

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

First National Bank (NM) IRA Rates

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 Branch100 Main RoadRuidoso, NM 88345
Tularosa Branch206 Central AvenueTularosa, NM 88352
North Branch3101 North White Sands BoulevardAlamogordo, NM 88310
First National Bank414 Tenth StreetAlamogordo, NM 88310
Ruidoso Branch451 Sudderth DriveRuidoso, NM 88345
First Street Branch804 First StreetAlamogordo, NM 88310
Artesia Branch908 West Main StreetArtesia, NM 88211
Cloudcroft BranchNorth Burro AvenueCloudcroft, NM 88317