First American Bank is headquartered in Artesia and is the 2nd largest bank in the state of New Mexico. It is also the 675th largest bank in the nation. It was established in 1903 and as of September of 2019, it had grown to 231 employees at 19 locations. First American Bank has an A+ health rating.
|FDIC Certificate #||2240|
|Return on Assets - YTD||2.25%|
|Return on Equity - YTD||21.31%|
|Annual Interest Income||$40.0MM|
|Assets and Liabilities|
|Assets||Q3 2019vs Q3 2018||$1.20B$1.11B|
|Loans||Q3 2019vs Q3 2018||$629.2MM$694.8MM|
|Deposits||Q3 2019vs Q3 2018||$1.03B$958.9MM|
|Equity Capital||Q3 2019vs Q3 2018||$129.0MM$111.7MM|
|Loan Loss Allowance||Q3 2019vs Q3 2018||$11.9MM$14.2MM|
|Unbacked Noncurrent Loans||Q3 2019vs Q3 2018||$2.0MM$2.8MM|
|Real Estate Owned||Q3 2019vs Q3 2018||$911.00K$736.00K|
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