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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 3,877th largest bank in the nation. It was established in 1947 and as of March of 2016, it had grown to 27 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 - YTD0.62%
Return on Equity - YTD5.91%
Annual Interest Income$1.2MM
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$131.8MM$133.3MM
LoansQ1 2016vs Q1 2015$7.0MM$8.0MM
DepositsQ1 2016vs Q1 2015$117.7MM$119.7MM
Equity CapitalQ1 2016vs Q1 2015$13.9MM$13.3MM
Loan Loss AllowanceQ1 2016vs Q1 2015$1.1MM$939.00K
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$169.00K$132.00K
Real Estate OwnedQ1 2016vs Q1 2015$112.00K$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