First New Mexico Bank, Las Cruces

Headquarters

3000 East Lohman Avenue
Las Cruces, NM 88011
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.15% 0.85% →
1-Year CD 0.30% 0.80% →
2-Year CD 0.35% 0.80% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

First New Mexico Bank, Las Cruces is an FDIC insured institution located in Las Cruces, NM. It was founded in 2008 and has approximately $0.15 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 58745
Date Established 2008
Assets $ 150.56 million
Loans $ 66.78 million
Deposits $ 129.24 million
Capital $ 17.83 million
 

For a more detailed analysis of First New Mexico Bank, Las Cruces's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 23, 2021

Your Current Location: California, CA 92111

Savings and Money Market Rates APY MIN MAX
Savings
0.15% $2,500 $4,999 Learn More
Money Market
0.06% $2,500 $2,999 Learn More
Money Market
0.06% $10,000 $14,999 Learn More
Money Market
0.08% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.14% $10,000 $14,999 Learn More
6 Mo CD
0.14% $100,000 $199,999 Learn More
12 Mo CD
0.25% $10,000 $14,999 Learn More
12 Mo CD
0.30% $100,000 $199,999 Learn More
24 Mo CD
0.30% $10,000 $14,999 Learn More
24 Mo CD
0.35% $100,000 $199,999 Learn More
36 Mo CD
0.30% $10,000 $14,999 Learn More
36 Mo CD
0.35% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.04% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - September 23, 2021

Your Current Location: California, CA 92111

There are currently no loan rates available for First New Mexico Bank, Las Cruces

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - California 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Payment
Learn More
CIT Bank
NMLS ID: 541760
2.873% 2.800%
1.00 points
$2,380 fees
$1,028 Learn More

Featured - California Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to First New Mexico Bank, Las Cruces
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Branches

First New Mexico Bank, Las Cruces branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
San Diego,California


First New Mexico Bank, Las Cruces Locations


Financial Details

First New Mexico Bank, Las Cruces Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First New Mexico Bank, Las Cruces. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
First New Mexico Bank, Las Cruces U.S. Bank Average
0.53% 5.29%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2021, First New Mexico Bank, Las Cruces had $0 in non-current loans and $104,000 in owned real estate. To cover these potential losses it had $17,825,000 in equity and $1,637,000 in loans loss reserves. That gives it a Texas Ratio of 0.53%.

Return on Equity
First New Mexico Bank, Las Cruces U.S. Bank Average
10.35% 11.43%

First New Mexico Bank, Las Cruces has a Return on Equity of 10.35% versus the BestCashCow average of 11.43%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
First New Mexico Bank, Las Cruces U.S. Bank Average
11.84% 11.51%

First New Mexico Bank, Las Cruces has a Capitalization of 11.84% versus the BestCashCow average of 11.51. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

First New Mexico Bank, Las Cruces Balance Sheet Analysis

As of March 31, 2021, First New Mexico Bank, Las Cruces had assets of $150,558,000, loans of $66,775,000, and deposits of $129,236,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2021
ASSETS
Cash & Balances due from depository institutions $ 55.31 million
Interest-bearing balances $ 51.00 million
Total securities $ 21.94 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 66.78 million
Loan loss allowance $ 1.64 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.10 million
Goodwill and other intangibles N.A.
All other assets $ 1.74 million
     Total Assets $ 132.73 million
LIABILITIES
Total deposits $ 129.24 million
      Interest-bearing deposits $ 74.75 million
      Deposits held in domestic offices $ 129.24 million
      % insured (estimated) 78.85%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 3.50 million
      Total Liabilities $ 132.73 million
      Shareholders’ Equity $ 17.83 million

Summary Income Statement

March 31, 2021
INCOME AND EXPENSES
Total Interest Income $ 1.42 million
Total Interest Expense $ 0.04 million
Net interest income $ 1.37 million
Provision for loan and lease losses $ 0.01 million
Total non interest income $ 0.34 million
Total non interest expense $ 1.02 million
Pre-tax Net Operating Income $ 0.69 million

Bank Loan Profile?

The top three loan types in First New Mexico Bank, Las Cruces’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Construction and Development Loans.

Compared to other banks in New Mexico, First New Mexico Bank, Las Cruces has a significantly higher percent of Multifamily Mortgages, Construction and Development Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 26.90
Multifamily
Mortgages
7.55
Credit Card Loans 0.00
Consumer Auto Loans 1.12
Small Business Loans 0.00
Construction and Development Loans 17.39
Commercial Real Estate 33.93
Commercial and Industrial Loans 13.20
Farm Loans 0.11

Frequently Asked Questions About First New Mexico Bank, Las Cruces

Branches and Savings

Is First New Mexico Bank, Las Cruces FDIC insured?

Yes. It is covered under FDIC Certificate #58745.

Why does First New Mexico Bank, Las Cruces pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are First New Mexico Bank, Las Cruces CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is First New Mexico Bank, Las Cruces a commercial bank?

Yes

Where are First New Mexico Bank, Las Cruces locations?

See branch locations nearby.

Is First New Mexico Bank, Las Cruces open on Saturdays?

Is First New Mexico Bank, Las Cruces open on Sundays?

What time does First New Mexico Bank, Las Cruces open?

What time does First New Mexico Bank, Las Cruces close?

Are First New Mexico Bank, Las Cruces ATMs Open 24/7?

Do First New Mexico Bank, Las Cruces ATMs accept cash deposits?

Can First New Mexico Bank, Las Cruces customers use other ATMs?

Do First New Mexico Bank, Las Cruces branches have notaries?

Will First New Mexico Bank, Las Cruces notarize my document?

What address for First New Mexico Bank, Las Cruces should I put for incoming ACH transfers?

Will the First New Mexico Bank, Las Cruces branch print checks?

Do First New Mexico Bank, Las Cruces checks expire?

Does First New Mexico Bank, Las Cruces require US citizenship to open account?

Can First New Mexico Bank, Las Cruces close my account?

Does First New Mexico Bank, Las Cruces Report to credit bureaus?

Does First New Mexico Bank, Las Cruces Use Equifax?

What is First New Mexico Bank, Las Cruces's ACH Routing Number?

What is First New Mexico Bank, Las Cruces's SWIFT code?

Products

Does First New Mexico Bank, Las Cruces offer mortgages?

Compare mortgage rates here.

Does First New Mexico Bank, Las Cruces offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First New Mexico Bank, Las Cruces offer personal loans?

Compare personal loan rates here.

Does First New Mexico Bank, Las Cruces offer student loans?

Will First New Mexico Bank, Las Cruces cash a check?

Will First New Mexico Bank, Las Cruces redeem a savings bond?

Does First New Mexico Bank, Las Cruces cash savings bonds?

Will First New Mexico Bank, Las Cruces cash money orders?

Can First New Mexico Bank, Las Cruces issue a money order?

Does First New Mexico Bank, Las Cruces do currency exchange?

Background on The Bank

Who owns First New Mexico Bank, Las Cruces?

How long has First New Mexico Bank, Las Cruces been around?

Can First New Mexico Bank, Las Cruces transfer to other banks?

Does First New Mexico Bank, Las Cruces have quick pay?

Does First New Mexico Bank, Las Cruces accept rolled coins?

Will First New Mexico Bank, Las Cruces accept loose change?

Where is First New Mexico Bank, Las Cruces headquarters?

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