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Overview / Commentary
103 Manzanares Avenue
Socorro, NM 87801

First State Bank (NM) is headquartered in Socorro and is the 35th largest bank in the state of New Mexico. It is also the 4,317st largest bank in the nation. It was established in 1947 and as of December of 2013, it had grown to 28 employees at 3 locations. First State Bank (NM) has a A health rating.

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Data for Q4 2013

Institution Health


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 December 31, 2013 First State Bank (NM) had $94,000 in non-current loans and owned real-estate with $13.72 million in equity and loan loss allowances on hand to cover it. This gives First State Bank (NM) a Texas Ratio of 0.69% 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 State Bank (NM) decreased dramatically from 1.36% as of December 31, 2012 to 0.69% as of December 31, 2013, resulting in a positive change of 49.56%.This indicates that the balance sheet and financial strength for First State Bank (NM) has improved dramatically in recent periods.

Deposit Growth


In the past year, First State Bank (NM) has increased its total deposits by $393,000, resulting in 0.37% 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 State Bank (NM) has shown is above 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 State Bank (NM) has $118.97 million in assets with $13.72 million in equity, resulting in a capitalization level of 11.53%, which is excellent.

Institution Statistics

FDIC Certificate #16600
Year Established1947
Primary RegulatorFDIC
Assets and Liabilities
Assets$118.97 million
Loans$9.22 million
Deposits$105.90 million
Equity Capital$12.88 million
Loan Loss Allowance$845,000
Unbacked Noncurrent Loans$85,000
Real Estate Owned$9,000
Historic Data - December 2012
Assets$117.91 million
Equity Capital$12.19 million
Loan Loss Allowance$768,000
Unbacked Noncurrent Loans$85,000
Real Estate Owned$89,000
Profit Margin - Quarterly
Net Interest Margin4.52%
Return on Assets0.85%
Return on Equity8.1%
Interest Income$4.87 million

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First State Bank (NM) Locations
First State Bank103 Manzanares AvenueSocorro, NM 87801
Motor Facility200 California StreetSocorro, NM 87801
Reserve BranchMain StreetReserve, NM 87830