First New Mexico Bank, Las Cruces

3000 East Lohman Avenue
Las Cruces, NM 88011

Notable Rates APY Vs.Others
Savings 0.50% 2.25% →
1-Year CD 1.20% 2.25% →
2-Year CD 1.30% 2.50% →
5-Year CD N.A. 2.80% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2019 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 $0.11 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 58745
Date Established 2008
Assets $0.11 billion
Loans $0.06 billion
Deposits $0.09 billion
Capital $0.02 billion
 

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 - December 13, 2019

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Money Market
0.25% $2,500 $24,999 Learn MoreShow Less
Money Market
0.40% $25,000 $99,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.35% $1,000 - Learn MoreShow Less
6 Mo CD
0.55% $1,000 - Learn MoreShow Less
12 Mo CD
1.10% $1,000 $99,999 Learn MoreShow Less
12 Mo CD
1.20% $100,000 - Learn MoreShow Less
24 Mo CD
1.20% $1,000 $99,999 Learn MoreShow Less
24 Mo CD
1.30% $100,000 - Learn MoreShow Less
36 Mo CD
1.35% $1,000 $99,999 Learn MoreShow Less
36 Mo CD
1.45% $100,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.10% $1,000 $99,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1,000 - Learn MoreShow Less

Loan Rates - December 13, 2019

Your Current Location: Washington, WA 98109

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 - Washington 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.034% 4.990% 0.00 $1,250 $1,341 Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
3.625% 3.625% -0.13 ($252) $1,141 Learn More
Rocket Mortgage
NMLS ID: 3030
4.919% 4.875% 0.00 $1,250 $1,324 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.740 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
Intro APR
3.990 %
After Intro: 5.000 %
Intro Period: 12 months
$25,000 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:
Seattle,Washington


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% 6.77%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 June 30, 2019, First New Mexico Bank, Las Cruces had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $17,018,000 in equity and $1,550,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
First New Mexico Bank, Las Cruces U.S. Bank Average
10.97% 9.50%

First New Mexico Bank, Las Cruces has a Return on Equity of 10.97% versus the BestCashCow average of 9.50%. 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
14.88% 12.76%

First New Mexico Bank, Las Cruces has a Capitalization of 14.88% versus the BestCashCow average of 12.76. 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 June 30, 2019, First New Mexico Bank, Las Cruces had assets of $114,346,000, loans of $60,149,000, and deposits of $94,023,000. 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

June 30, 2019
ASSETS
Cash & Balances due from depository institutions $0.03 billion
Interest-bearing balances $0.02 billion
Total securities $0.02 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.06 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.10 billion
LIABILITIES
Total deposits $0.09 billion
      Interest-bearing deposits $0.06 billion
      Deposits held in domestic offices $0.09 billion
      % insured (estimated) 82.10%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.10 billion
      Shareholders’ Equity $0.02 billion

Summary Income Statement

June 30, 2019
INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

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

Compared to other banks in New Mexico, First New Mexico Bank, Las Cruces has a significantly higher percent of Multifamily Mortgages, Consumer Auto 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 34.64
Multifamily
Mortgages
8.13
Credit Card Loans 0.00
Consumer Auto Loans 2.81
Small Business Loans 15.73
Construction and Development Loans 13.39
Commercial Real Estate 32.39
Commercial and Industrial Loans 8.51
Farm Loans 0.06

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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