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 600th largest bank in the nation. It was established in 1903 and as of March of 2025, it had grown to 242 employees at 21 locations. First American Bank has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #2240
Year Established1903
Employees242
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.57%
Return on Equity - YTD32.75%
Annual Interest Income$24.4MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$1.95B$1.81B
LoansQ1 2025vs Q1 2024$1.04B$939.5MM
DepositsQ1 2025vs Q1 2024$1.71B$1.56B
Equity CapitalQ1 2025vs Q1 2024$148.5MM$125.7MM
Loan Loss AllowanceQ1 2025vs Q1 2024$19MM$17.9MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$7.4MM$7.8MM
Real Estate OwnedQ1 2025vs Q1 2024$248K$2.4MM
Rates

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Locations

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