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Overview / Commentary
575-374-8315
201 Main Street
Clayton, NM 88415

The First National Bank of New Mexico is headquartered in Clayton and is the 22nd largest bank in the state of New Mexico. It is also the 3,216st largest bank in the nation. It was established in 1964 and as of March of 2014, it had grown to 66 employees at 6 locations. The First National Bank of New Mexico has a A health rating.

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Health

Data for Q1 2014

Institution Health

A

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 The First National Bank of New Mexico had $1.14 million in non-current loans and owned real-estate with $18.04 million in equity and loan loss allowances on hand to cover it. This gives The First National Bank of New Mexico a Texas Ratio of 6.31% 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 The First National Bank of New Mexico increased slightly from 0.92% as of March 31, 2013 to 6.31% as of March 31, 2014, resulting in a negative change of 589.49%. This indicates that the balance sheet and financial strength for The First National Bank of New Mexico has declined slightly in recent periods.

Deposit Growth

GRADE:
A

In the past year, The First National Bank of New Mexico has increased its total deposits by $6.9 million, resulting in 4.27% 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 The First National Bank of New Mexico 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. The First National Bank of New Mexico has $186.67 million in assets with $18.04 million in equity, resulting in a capitalization level of 9.66%, which is above average.

Institution Statistics

Overall
FDIC Certificate #19027
Year Established1964
Employees66
Primary RegulatorOCC
Assets and Liabilities
Assets$186.67 million
Loans$120.76 million
Deposits$168.42 million
Equity Capital$16.72 million
Loan Loss Allowance$1.32 million
Unbacked Noncurrent Loans$1.14 million
Real Estate Owned$0
Historic Data - March 2013
Assets$180.43 million
Equity Capital$17.27 million
Loan Loss Allowance$1.31 million
Unbacked Noncurrent Loans$1.14 million
Real Estate Owned$39,000
Profit Margin - Quarterly
Net Interest Margin4.66%
Return on Assets1.05%
Return on Equity11.88%
Interest Income$2.07 million
Rates

Always verify rates and promotions with the bank or credit union. We are not The First National Bank of New Mexico, we are a rate comparison website and can not provide official rates or promotions.

The First National Bank of New Mexico Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$100-Savings Account

The First National Bank of New Mexico Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$100k-Money Market Account

The First National Bank of New Mexico Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.03%$1k-NOW Account

The First National Bank of New Mexico CD Rates

DetailsAPYMINMAXPRODUCT
0.35%$500-3 Year CD
0.30%$500-18 Month CD
0.30%$500-2 Year CD
0.25%$50k-182 Day CD
0.25%$10k-270 Day CD
0.20%$500-1 Year CD
0.15%$50k-91 Day CD

The First National Bank of New Mexico IRA Rates

DetailsAPYMINMAXPRODUCT
0.45%$500-2 Year IRA
0.25%$500-1 Year IRA
Locations


The First National Bank of New Mexico Locations
Angel Fire Branch1 First National PlaceAngel Fire, NM 87710
Tucumcari Branch101 East Tucumcari BoulevardTucumcari, NM 88401
Raton Branch1104 South Second StreetRaton, NM 87740
The First National Bank Of New Mexico201 Main StreetClayton, NM 88415
Santa Rosa Branch2458 Historic Route 66Santa Rosa, NM 88435
Logan Branch301 South US Highway 54Logan, NM 88426