First State Bank (NM) Reviews and Rates

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Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

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Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

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Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

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Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

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Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Overview / Commentary

www.socorrobanking.com

575-835-1550

103 Manzanares Avenue
Socorro, NM 87801

First State Bank (NM) is headquartered in SOCORRO and is the 24^th largest bank in the state of New Mexico. It is also the 3,175^th largest bank in the nation. It was established in 1947 and as of March of 2025, it had grown to 28 employees at 4 locations. First State Bank (NM) has an A health rating.

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Health

Data as of Q1 2025

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Health Grade Components

Overall
FDIC Certificate #	16600
Year Established	1947
Employees	28
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1%
Return on Equity - YTD	7.66%
Annual Interest Income	$1.6MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$181.9MM$188MM
Loans	Q1 2025vs Q1 2024	$9.7MM$10.2MM
Deposits	Q1 2025vs Q1 2024	$156.7MM$165.1MM
Equity Capital	Q1 2025vs Q1 2024	$24.3MM$22.3MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$1.2MM$1.2MM
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$70K$0
Real Estate Owned	Q1 2025vs Q1 2024	$9K$9K

TODAY'S FEATURED RATES

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

Sorry, we do not have rate data for First State Bank (NM).

Locations

First State Bank (NM) Locations
First State Bank	103 Manzanares Ave E	Socorro, NM 87801
Motor Facility	200 California Street	Socorro, NM 87801
Reserve Branch	697 New Mexico Highway 12	Reserve, NM 87830
First State Bank	1st And Main Street	Magdalena, NM 87825

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