First American Bank is headquartered in Artesia and is the 2nd largest bank in the state of New Mexico. It is also the 687th largest bank in the nation. It was established in 1903 and as of December of 2021, it had grown to 218 employees at 17 locations. First American Bank has an A+ health rating.
|FDIC Certificate #||2240|
|Return on Assets - YTD||1.96%|
|Return on Equity - YTD||18.75%|
|Annual Interest Income||$50.8MM|
|Assets and Liabilities|
|Assets||Q4 2021vs Q4 2020||$1.55B$1.42B|
|Loans||Q4 2021vs Q4 2020||$650.7MM$749.4MM|
|Deposits||Q4 2021vs Q4 2020||$1.32B$1.19B|
|Equity Capital||Q4 2021vs Q4 2020||$161.7MM$160.7MM|
|Loan Loss Allowance||Q4 2021vs Q4 2020||$14.9MM$14.6MM|
|Unbacked Noncurrent Loans||Q4 2021vs Q4 2020||$1.8MM$3.3MM|
|Real Estate Owned||Q4 2021vs Q4 2020||$1.1MM$1.0MM|
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