First American Bank


Overview / Commentary
575-746-8000
303 W Main Street
Artesia, NM 88210

First American Bank is headquartered in ARTESIA and is the largest bank in the state of New Mexico. It is also the 652nd largest bank in the nation. It was established in 1903 and as of September of 2024, it had grown to 237 employees at 21 locations. First American Bank has a B+ health rating.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #2240
Year Established1903
Employees237
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.49%
Return on Equity - YTD32.3%
Annual Interest Income$73.3MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$1.78B$1.78B
LoansQ3 2024vs Q3 2023$979.9MM$930.3MM
DepositsQ3 2024vs Q3 2023$1.51B$1.47B
Equity CapitalQ3 2024vs Q3 2023$152.6MM$111.2MM
Loan Loss AllowanceQ3 2024vs Q3 2023$19.5MM$17.1MM
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$9MM$2MM
Real Estate OwnedQ3 2024vs Q3 2023$1.6MM$566K
Rates

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Locations

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