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Overview / Commentary
1-888-912-BANK
2101 Mountain Road Suite B
Albuquerque, NM 87104

The First National Bank of Santa Fe is headquartered in Albuquerque and is the 2nd largest bank in the state of New Mexico. It is also the 406th largest bank in the nation. It was established in 1870 and as of December of 2013, it had grown to 374 employees at 30 locations. The First National Bank of Santa Fe has a B health rating.

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Health

Data for Q4 2013

Institution Health

B

Texas Ratio

GRADE:
C

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 The First National Bank of Santa Fe had $83.96 million in non-current loans and owned real-estate with $268.6 million in equity and loan loss allowances on hand to cover it. This gives The First National Bank of Santa Fe a Texas Ratio of 31.26% which is average. 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 Santa Fe increased slightly from 7.17% as of December 31, 2012 to 31.26% as of December 31, 2013, resulting in a negative change of 335.84%. This indicates that the balance sheet and financial strength for The First National Bank of Santa Fe has declined slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, The First National Bank of Santa Fe has increased its total deposits by $730.76 million, resulting in 105.3% 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 Santa Fe has shown is excellent.

Capitalization

GRADE:
A+

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 Santa Fe has $1.7 billion in assets with $268.6 million in equity, resulting in a capitalization level of 15.77%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #2239
Year Established1870
Employees374
Primary RegulatorOCC
Assets and Liabilities
Assets$1.70 billion
Loans$883.25 million
Deposits$1.42 billion
Equity Capital$262.92 million
Loan Loss Allowance$5.68 million
Unbacked Noncurrent Loans$64.43 million
Real Estate Owned$19.53 million
Historic Data - December 2012
Assets$779.30 million
Equity Capital$83.39 million
Loan Loss Allowance$7.66 million
Unbacked Noncurrent Loans$64.43 million
Real Estate Owned$1.56 million
Profit Margin - Quarterly
Net Interest Margin3.72%
Return on Assets0.19%
Return on Equity1.29%
Interest Income$63.82 million
Rates
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The First National Bank of Santa Fe Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$100k-Money Market Savings Preferred
0.15%$100k-Premier Money Market Checking

The First National Bank of Santa Fe CD Rates

DetailsAPYMINMAXPRODUCT
0.55%$1k-2 Year Standard CD
0.40%$1k-1 Year Standard CD
Locations

The First National Bank of Santa Fe has 12 locations. Click to view all The First National Bank of Santa Fe locations.