First New Mexico Bank in Deming, New Mexico (NM)
Overview, Financial Summary, Detailed Financial Reports, Branches

First New Mexico Bank - Overview

  • General
  • FDIC Certificate #: 18514
    Status: Active
    Federal Reserve ID: 712956
    Bank Holding Company (Regulatory Top Holder): First New Mexico Financial Corporation (RSSDID: 1107830, Location: Deming, NM)
    Date Established: April 30, 1962
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 12406
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: April 30, 1962
    Last Structure Change Effective Date: June 13, 2008
    Last Structure Change Process Date: June 17, 2008
    Last Data Update: June 17, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 300 South Gold Avenue, Deming, NM 88030
    County: Luna
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Albuquerque
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Deming, NM (#19700)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $194.1 mil
    Equity capital: $20.8 mil
    Deposits held in domestic offices: $171.8 mil
    Return on assets (ROA): 1.20% ($2.3 mil)
    Quarterly return on assets: 1.22% ($2.4 mil)
    Return on Equity (ROE): 11.50% ($2.4 mil)
    Quarterly return on equity: 11.38% ($2.4 mil)
    Net income: $2.3 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 1.84% ($3,571.6 mil)
    Quarterly Pretax return on assets: 1.87% ($3,629.8 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 38Total employees (full-time equivalent)
  • $194,106Total assets
  • $12,945Cash and due from depository institutions
  • $7,221Interest-bearing balances
  • $73,010Securities
  • $31,375Federal funds sold & reverse repurchase agreements
  • $67,331Net loans & leases
  • $1,063Loan loss allowance
  • $0Trading account assets
  • $3,941Bank premises and fixed assets
  • $64Other real estate owned
  • $0Goodwill and other intangibles
  • $194,106Life insurance assets
  • $5,440All other assets
  • $173,333Total liabilities and capital
  • $171,839Total liabilities
  • $140,780Total deposits
  • $171,839Interest-bearing deposits
  • $80Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,494Subordinated debt
  • $20,773All other liabilities
  • $20,773Total equity capital
  • $20,773Total bank equity capital
  • $0Perpetual preferred stock
  • $1,200Common stock
  • $2,800Surplus
  • $16,773Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,630Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $975Income earned, not collected on loans
  • $312Earning assets
  • $1,832Long-term assets (5+ years)
  • $178,937Average Assets, year-to-date
  • $45,774Average Assets, quarterly
  • $190,554Volatile liabilities
  • $192,662Insider loans
  • $101,141FHLB advances
  • $192,707Loans and leases held for sale
  • $2,808Unused loan commitments
  • $2,808Tier 1 (core) risk-based capital
  • $20,773Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,440Restructured Loans and leases
  • $5,341Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,784Total interest income
  • $1,554Total interest expense
  • $7,230Net interest income
  • $344Provision for loan and lease losses
  • $988Total noninterest income
  • $0Fiduciary activities
  • $578Service charges on deposit accounts
  • $0Trading account gains & fees
  • $410Additional noninterest income
  • $4,367Total noninterest expense
  • $2,073Salaries and employee benefits
  • $624Premises and equipment expense
  • $1,670Additional noninterest expense
  • $3,507Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,211Applicable income taxes
  • $2,296Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,296Net income attributable to bank
  • $0Net charge-offs
  • $2,296Cash dividends
  • $219Sale, conversion, retirement of capital stock, net
  • $568Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.02%Yield on earning assets
  • 0.89%Cost of funding earning assets
  • 4.13%Net interest margin
  • 0.56%Noninterest income to earning assets
  • 2.49%Noninterest expense to earning assets
  • 1.20%Net operating income to assets
  • 1.20%Return on assets (ROA)
  • 1.84%Pretax return on assets
  • 11.50%Return on equity (ROE)
  • 8.66%Retained earnings to average equity (YTD only)
  • 0.32%Net charge-offs to loans
  • 157.08%Credit loss provision to net charge-offs
  • 17.58%Efficiency ratio
  • 53,139Assets per employee
  • 5.11%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 24.74%Loss allowance to loans
  • 1.55%Loss allowance to noncurrent loans
  • 109.03%Noncurrent assets plus other real estate owned to assets
  • 0.54%Noncurrent loans to loans
  • 1.43%Net loans and leases to deposits
  • 39.18%Net loans and leases to core deposits
  • 39.60%Equity capital to assets
  • 10.70%Core capital (leverage) ratio
  • 10.78%Tier 1 risk-based capital ratio
  • 20.54%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $190,554Average earning assets
  • $19,958Average equity
  • $175,048Average loans

List of branches

  • 4 New Mexico Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012406First New Mexico Bank300 South Gold Avenue, Deming, NM 88030April 30, 1962Full Service Brick and Mortar
    1245550Motor Branch1501 South Columbus Highway, Deming, NM 88030November 27, 1967Limited Service Facility
    2245551Columbus Branch202 S Main, Columbus, NM 88029March 17, 1969Limited Service Facility
    8466500Hatch Branch509 North Franklin, Hatch, NM 87937January 01, 2007Limited Service Facility

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