First American Bank is headquartered in Artesia and is the 3rd largest bank in the state of New Mexico. It is also the 700th largest bank in the nation. It was established in 1903 and as of March of 2018, it had grown to 243 employees at 19 locations. First American Bank has a B+ health rating.
|FDIC Certificate #||2240|
|Return on Assets - YTD||1.77%|
|Return on Equity - YTD||16.86%|
|Annual Interest Income||$11.4MM|
|Assets and Liabilities|
|Assets||Q1 2018vs Q1 2017||$1.09B$1.09B|
|Loans||Q1 2018vs Q1 2017||$656.3MM$597.9MM|
|Deposits||Q1 2018vs Q1 2017||$912.9MM$935.0MM|
|Equity Capital||Q1 2018vs Q1 2017||$111.8MM$109.0MM|
|Loan Loss Allowance||Q1 2018vs Q1 2017||$13.7MM$12.3MM|
|Unbacked Noncurrent Loans||Q1 2018vs Q1 2017||$2.8MM$2.9MM|
|Real Estate Owned||Q1 2018vs Q1 2017||$1.0MM$895.00K|
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