The Citizens Bank (Farmington, NM)
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Data as of · sourced from FFIEC call reports. How we update
The Citizens Bank is an FDIC-insured commercial bank headquartered in Farmington, NM, established in 1905 (FDIC certificate 1164), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $804.3M, up 3.4% from Q2 2025, the 8th largest of 29 banks headquartered in New Mexico. Its CET1 capital ratio was 17.62% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 1164
- Headquarters
- Farmington, NM
- Established
- 1905
- Total assets, Q2 2026
- $804.3M
- Assets vs Q2 2025
- +3.4%
- CET1 ratio, Q2 2026
- 17.62%
- Domestic offices
- 6 FDIC institution directory, current count
- Routing number
- 102202078
- Holding company
- CITIZENS BANKSHARES, INC.
- Asset rank in state
- 8th of 29 in New Mexico
The Citizens Bank is one of the more profitable banks of its size. Based in Farmington, New Mexico, it had $804 million in assets at June 30, 2026, up 3.4% from a year earlier. It returns 41.9% a year on shareholders' equity, about triple the median of 12.5% for the 2,660 banks with $100 million to $1 billion in assets. It also pays an average of 0.84% on its deposits and borrowings, about half the median of 1.80% for banks its size. Much of that comes from cost control: it spends about 50 cents to bring in each dollar of revenue.
Problem loans fell by more than half over the year: loans on nonaccrual or 90 or more days past due, net of government guarantees are down to 0.02% of loans from 0.88%. Its securities portfolio is underwater by $39 million, an amount equal to 51% of Tier 1 capital. Where it has less room is capital: it funds 9.11% of its assets with Tier 1 capital, lower than about three-quarters of banks its size (median 10.99%).
As of June 30, 2026, The Citizens Bank reported a CET1 capital ratio of 17.62%, a return on assets of 2.07%, a nonperforming-loan ratio of 0.02% and a Texas ratio of 0.11%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, The Citizens Bank is the 8th largest of the 29 banks headquartered in New Mexico. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 1.2% to $804.3M, loans rose 0.5% and deposits rose 0.6%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 38.5% of total loans, ahead of non-owner-occupied commercial real estate loans at 17.7%. The FDIC Summary of Deposits lists 6 offices for it, in Farmington, NM, Bloomfield, NM and Aztec, NM; its Farmington 4 offices book 73% of its branch deposits. Judged on its Q2 2026 call report, The Citizens Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 500 W Broadway, Farmington, NM 87401
- County
- San Juan
- Metro Area
- Farmington, NM
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Dallas (Region 13)
- Federal Reserve member
- No
- Federal Reserve district
- District 10, Kansas City
- Fiduciary (trust) powers
- Trust powers not granted
- Call Report form
- FFIEC 051
- Established
- January 1, 1905
- Former names
- The Citizens Bank (1991); First Interstate Bank of Farmington, New Mexico (1985-1991)
- Domestic offices
- 6 FDIC institution directory, current count
- Employees (FTE)
- 103
- Domestic deposits
- $697.5M
- Allowance for credit losses
- $4.0M
- Net charge-offs (YTD)
- $92K
- Average total assets
- $837.5M
- Average total loans
- $314.6M
- Average interest-bearing deposits
- $429.7M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 1164
- Fed RSSD
- 961259
- Website
- www.cbnm.com →
- Parent Holding Company
- CITIZENS BANKSHARES, INC. (RSSD 1021682)
- Ultimate Parent
- RSSD 2749031
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, The Citizens Bank's total assets ranged from $773.6M (Q4 2025) to $842.0M (Q3 2024), and it earned a profit in 10 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$804.3M total assets against $777.8M; $763.5M total liabilities against $740.1M.
$310.5M net loans and leases against $305.5M; $697.5M total deposits against $685.8M.
$409.9M securities against $371.4M; $27.6M cash and balances due against $47.1M.
$8.9M total interest income against $8.6M; $1.5M total interest expense against $1.7M.
$7.4M net interest income against $6.9M.
$1.4M total noninterest income against $1.4M; $4.5M total noninterest expense against $4.3M.
$0 provision for credit losses against $50K.
$4.3M net income against $4.0M.
2.07% return on assets against 1.96%; 3.89% net interest margin against 3.67%.
17.62% CET1 capital ratio against 17.93%; 9.11% tier 1 leverage ratio against 9.19%.
Inside the full The Citizens Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeThe Citizens Bank rankings
Its closest position to the top of a national ranking is 417 of 3,611, for ROA; its furthest is 3,218 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from -1.65% (Q4 2024) to 2.07% (Q2 2026) and its net interest margin ran from 3.18% (Q3 2024) to 3.89% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 17.62% | 2.07% | 0.02% | 0.11% | 3.89% |
| Q1 2026 | 17.38% | 1.88% | 0.02% | 0.11% | 3.83% |
| Q4 2025 | 18.55% | 1.89% | 0.00% | 0.00% | 3.80% |
| Q3 2025 | 17.99% | 2.02% | 0.86% | 5.92% | 3.81% |
| Q2 2025 | 17.93% | 1.96% | 0.88% | 6.55% | 3.67% |
| Q1 2025 | 18.11% | 2.01% | 0.21% | 1.67% | 3.68% |
| Q4 2024 | 17.52% | -1.65% | 0.19% | 1.84% | 3.50% |
| Q3 2024 | 19.45% | 1.87% | 0.19% | 1.47% | 3.18% |
Swipe the table sideways to see every column.
Branch Network
View all 6 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| The Citizens Bank | Farmington , NM | 87401 | $354.1M |
| Bloomfield Branch | Bloomfield , NM | 87413 | $96.1M |
| Aztec Branch | Aztec , NM | 87410 | $89.5M |
| San Juan Branch | Farmington , NM | 87402 | $70.3M |
| Animas Valley Branch | Farmington , NM | 87402 | $46.3M |
| Smith's Store Branch | Farmington , NM | 87401 | $41.0M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 1.5% of deposits in NM, rank 17 of 55 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 95 applications, 55 loans originated, $15.7M originated, across 1 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $330K approved, $330K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2014 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about The Citizens Bank
What are The Citizens Bank's total assets?
As of the Q2 2026 filing, The Citizens Bank reported total assets of $804.3 million in its FFIEC call report.
Where is The Citizens Bank headquartered?
It is headquartered in Farmington, NM, United States.
When was The Citizens Bank founded?
It was established in 1905, per the FDIC institution directory.
Is The Citizens Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #1164). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates The Citizens Bank?
The Citizens Bank's primary federal regulator is the FDIC.
What is The Citizens Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 17.62% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does The Citizens Bank operate?
It operates 6 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is The Citizens Bank's Texas Ratio?
Its Texas Ratio is 0.11% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was The Citizens Bank previously called?
The charter now named The Citizens Bank has also operated as The Citizens Bank (1991), First Interstate Bank of Farmington, New Mexico (1985-1991), per FDIC structure-change records.
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