First New Mexico Bank of Silver City

First New Mexico Bank of Silver City is headquartered in Silver City and is the 39^th largest bank in the state of New Mexico. It is also the 5,204^th largest bank in the nation. It was established in 1984 and as of March of 2012, it had grown to 22 employees at 2 locations. First New Mexico Bank of Silver City has a 5-star health rating.

First New Mexico Bank of Silver City Routing Number: 112205340

Data for Q1 2012

Institution Statistics First New Mexico Bank of Silver City FDIC Certificate # 24865 BankRate Report View Year Established 1984 Employees 22 Primary Regulator FDIC Assets and Liabilities Assets $90.52 million Loans $29.50 million Deposits $79.80 million Equity Capital $9.30 million Loan Loss Allowance $664,000 Unbacked Noncurrent Loans $558,000 Real Estate Owned $40,000 Historic Data - March 2011 Assets $85.83 million Equity Capital $8.78 million Loan Loss Allowance $661,000 Unbacked Noncurrent Loans $588,000 Real Estate Owned $40,000 Profit Margin - Quarterly Net Interest Margin 4.28% Return on Assets 1.11% Return on Equity 10.6% Interest Income $960,000

Institution Health Overall Score: 5 out of 5 Texas Ratio 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 March 31, 2012 First New Mexico Bank of Silver City had $598,000 in non-current loans and owned real-estate with $9.97 million in equity and loan loss allowances on hand to cover it. This gives First New Mexico Bank of Silver City a Texas Ratio of 6.00% 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 New Mexico Bank of Silver City held steady from 6.65% as of March 31, 2011 to 6.00% as of March 31, 2012, resulting in a positive change of 9.79%.This indicates that the balance sheet and financial strength for First New Mexico Bank of Silver City has held steady in recent periods. Deposit Growth In the past year, First New Mexico Bank of Silver City has increased its total deposits by $4.13 million, resulting in 5.46% 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 New Mexico Bank of Silver City has shown is excellent. Capitalization 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 New Mexico Bank of Silver City has $90.52 million in assets with $9.97 million in equity, resulting in a capitalization level of 11.01%, which is above average.

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