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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 3,806th largest bank in the nation. It was established in 1947 and as of March of 2017, it had grown to 28 employees at 3 locations. First State Bank (NM) has an A health rating.


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Health Grade Components

FDIC Certificate #16600
Year Established1947
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.57%
Return on Equity - YTD5.15%
Annual Interest Income$1.1MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$132.6MM$131.8MM
LoansQ1 2017vs Q1 2016$6.3MM$7.0MM
DepositsQ1 2017vs Q1 2016$117.8MM$117.7MM
Equity CapitalQ1 2017vs Q1 2016$14.5MM$13.9MM
Loan Loss AllowanceQ1 2017vs Q1 2016$1.0MM$1.1MM
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$7.00K$169.00K
Real Estate OwnedQ1 2017vs Q1 2016$150.00K$112.00K

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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