First American Bank is headquartered in Artesia and is the 2nd largest bank in the state of New Mexico. It is also the 679th largest bank in the nation. It was established in 1903 and as of September of 2020, it had grown to 236 employees at 17 locations. First American Bank has an A+ health rating.
|FDIC Certificate #||2240|
|Return on Assets - YTD||1.93%|
|Return on Equity - YTD||18.28%|
|Annual Interest Income||$37.5MM|
|Assets and Liabilities|
|Assets||Q3 2020vs Q3 2019||$1.41B$1.20B|
|Loans||Q3 2020vs Q3 2019||$801.0MM$629.2MM|
|Deposits||Q3 2020vs Q3 2019||$1.19B$1.03B|
|Equity Capital||Q3 2020vs Q3 2019||$153.6MM$129.0MM|
|Loan Loss Allowance||Q3 2020vs Q3 2019||$14.3MM$11.9MM|
|Unbacked Noncurrent Loans||Q3 2020vs Q3 2019||$2.5MM$2.0MM|
|Real Estate Owned||Q3 2020vs Q3 2019||$1.0MM$911.00K|
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