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Overview / Commentary
103 Manzanares Avenue
Socorro, NM 87801

First State Bank (NM) is headquartered in Socorro and is the 30th largest bank in the state of New Mexico. It is also the 3,840th largest bank in the nation. It was established in 1947 and as of September of 2016, it had grown to 28 employees at 3 locations. First State Bank (NM) has a B+ health rating.


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Health Grade Components

FDIC Certificate #16600
Year Established1947
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.75%
Return on Equity - YTD7.05%
Annual Interest Income$3.5MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$132.1MM$139.0MM
LoansQ3 2016vs Q3 2015$6.1MM$7.5MM
DepositsQ3 2016vs Q3 2015$117.4MM$125.0MM
Equity CapitalQ3 2016vs Q3 2015$14.5MM$13.8MM
Loan Loss AllowanceQ3 2016vs Q3 2015$1.1MM$1.0MM
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$70.00K$338.00K
Real Estate OwnedQ3 2016vs Q3 2015$249.00K$49.00K

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First State Bank (NM) Locations
First State Bank103 Manzanares AvenueSocorro, NM 87801
Motor Facility200 California StreetSocorro, NM 87801
Reserve Branch697 New Mexico Highway 12Reserve, NM 87830