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Overview / Commentary
103 Manzanares Avenue
Socorro, NM 87801

First State Bank (NM) is headquartered in Socorro and is the 27th largest bank in the state of New Mexico. It is also the 3,446th largest bank in the nation. It was established in 1947 and as of September of 2017, it had grown to 30 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 - YTD0.61%
Return on Equity - YTD5.72%
Annual Interest Income$3.4MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$156.1MM$132.1MM
LoansQ3 2017vs Q3 2016$6.4MM$6.1MM
DepositsQ3 2017vs Q3 2016$140.9MM$117.4MM
Equity CapitalQ3 2017vs Q3 2016$15.0MM$14.5MM
Loan Loss AllowanceQ3 2017vs Q3 2016$1.1MM$1.1MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$7.00K$70.00K
Real Estate OwnedQ3 2017vs Q3 2016$150.00K$249.00K

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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