First American Bank
Artesia, New Mexico, Eddy County
$1.9B in total assets, the 639th largest of 4,309 US banks and 1st of 29 headquartered in New Mexico.
- FDIC certificate
- 2240
- Established
- 1903
- Owned by
- First Artesia Bancshares Inc
- Primary regulator
- FDIC
- Website
- www.firstamericanbanknm.com
At a glance
Compared with 901 US banks with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $1.9B | 48% | $2.0B | |
| Loans | $1.2B | 41% | $1.4B | |
| Deposits | $1.6B | 49% | $1.7B | |
| Return on assets | 2.88% | 97% | 1.23% | |
| Net interest margin | 4.95% | 94% | 3.71% | |
| Efficiency ratio | 40.2% | 7% | 59.1% | |
| Equity to assets | 9.98% | 43% | 10.38% | |
| Loans to deposits | 72% | 16% | 88% |
Growth
Total assets grew 4.7% a year over the last 5 years and 5.7% a year over 10 years, including 1 acquisition in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Jun 2022 | United Bank of El Paso del Norte El Paso, TX | $321M |
| Nov 2014 | AmBank Silver City, NM, an affiliate under the same holding company | $123M |
| Jun 2010 | High Desert State Bank Albuquerque, NM | $80M |
Where they operate
21 branches in 9 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Eddy County, NM | $610M | 21.0% | 2 of 9 |
| Lea County, NM | $247M | 9.5% | 3 of 8 |
| Grant County, NM | $196M | 30.6% | 1 of 6 |
| Dona Ana County, NM | $168M | 5.1% | 4 of 17 |
| El Paso County, TX | $155M | 1.4% | 11 of 16 |
| Chaves County, NM | $149M | 11.2% | 5 of 8 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 2 branches since 2016 (19 to 21, +10.5%). 0 opened, 4 acquired, 2 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 19 | |||
| 2020 | Closed Artesia and Hurley | 0 | 2 | −2 | 17 |
| 2022 | Acquired United Bank of El Paso del Norte | 4 | 0 | +4 | 21 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 48% | 32% | |
| Business (C&I) | 14% | 14% | |
| Construction and land | 14% | 8% | |
| 1-4 family residential | 13% | 25% | |
| Farmland | 6% | 3% | |
| Multifamily | 3% | 8% | |
| Agricultural | 1% | 2% | |
| Consumer | 0% | 4% | |
| Other | 0% | 3% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 50% | 52% | |
| Noninterest-bearing | 40% | 21% | |
| Time deposits | 11% | 27% |
Brokered deposits are 3.7% of deposits (peers 6.1%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.51% | 0.51% |
| Net charge-offs, annualized | 0.00% | 0.04% |
| Reserves to loans | 1.91% | 1.15% |
| Leverage ratio | 11.79% | 10.52% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in New Mexico
Largest competitors in Eddy County, NM
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/banks/first-american-bank-artesia-nm