First National Bank (Alamogordo, NM)
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Data as of · sourced from FFIEC call reports. How we update
First National Bank is an FDIC-insured commercial bank headquartered in Alamogordo, NM, established in 1956 (FDIC certificate 17643), and it is supervised by the OCC. At Q2 2026 it reported total assets of $452.8M, down 1.1% from Q2 2025, the 13th largest of 29 banks headquartered in New Mexico. It reports no CET1 ratio; its Tier 1 leverage ratio was 10.31% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- OCC
- Deposit insurance
- FDIC
- FDIC certificate
- 17643
- Headquarters
- Alamogordo, NM
- Established
- 1956
- Total assets, Q2 2026
- $452.8M
- Assets vs Q2 2025
- -1.1%
- Tier 1 leverage ratio, Q2 2026
- 10.31%
- Domestic offices
- 6 FDIC institution directory, current count
- Routing number
- 112202123
- Latest call report
- Q2 2026, FFIEC 051 · First National Bank call report
- Holding company
- FIRST ALAMOGORDO BANCORP OF NEVADA, INC.
- Asset rank in state
- 13th of 29 in New Mexico
Problem loans are rising at First National Bank. It reported $453 million in assets at June 30, 2026, down 1.1% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 5.09% of loans from 1.99% a year earlier. It pays an average of 0.87% on its deposits and borrowings, about half the median of 1.80% for the 2,660 banks with $100 million to $1 billion in assets. On the other hand, it carries problem assets equal to 38.1% of the capital and reserves that would absorb them, 14.4 times the median of 2.6% for banks its size.
Earnings fell sharply: quarterly net income of $948,000 was 65% below a year earlier. Paper losses on its bond portfolio are shrinking: unrealized losses of $25 million equal 50% of Tier 1 capital, down from 63% a year earlier. Concentration is the risk to watch: it holds commercial real estate loans worth 2.6 times its capital, about double the median of 1.2 times for banks its size.
As of June 30, 2026, First National Bank reported a return on assets of 0.79%, a nonperforming-loan ratio of 5.29% and a Texas ratio of 38.08%. The figures come from its call report filed with the FFIEC.
First National Bank ranks as the 13th largest of the 29 banks based in New Mexico, by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets fell 2.5% to $452.8M, loans were flat and deposits fell 2.5%. Non-owner-occupied commercial real estate loans made up 46.6% of its total loans on June 30, 2026, its largest category; next came other consumer loans at 13.8%. Its 6 offices in the FDIC Summary of Deposits are in 5 cities in NM; its Alamogordo 2 offices book 54% of its branch deposits. Judged on its Q2 2026 call report, First National Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 414 10th St, Alamogordo, NM 88310
- County
- Otero
- Metro Area
- Alamogordo, NM
- Charter
- Commercial bank, national (federal) charter, Fed member, OCC-supervised
- Primary Regulator
- OCC
- FDIC Region
- Dallas (Region 13)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 11, Dallas
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 051
- Established
- August 23, 1956
- Former names
- First National Bank in Alamogordo (1972-2011)
- Domestic offices
- 6 FDIC institution directory, current count
- Employees (FTE)
- 91
- Domestic deposits
- $425.4M
- Allowance for credit losses
- $4.0M
- Net charge-offs (YTD)
- $18K
- Average total assets
- $480.7M
- Average total loans
- $219.5M
- Average interest-bearing deposits
- $276.9M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- August 23, 1956
- FDIC Cert
- 17643
- Fed RSSD
- 823450
- Website
- www.fnb4u.com →
- Parent Holding Company
- FIRST ALAMOGORDO BANCORP OF NEVADA, INC. (RSSD 2522337)
Profitability
Q2 annualizedBalance 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. As a community bank leverage ratio filer, First National Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, First National Bank's total assets ran between $449.8M (Q3 2023) and $486.9M (Q3 2024), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$452.8M total assets against $458.0M; $427.5M total liabilities against $438.9M.
$215.6M net loans and leases against $211.1M; $425.4M total deposits against $436.9M.
$187.8M securities against $198.3M; $30.2M cash and balances due against $29.8M.
$5.1M total interest income against $5.1M; $928K total interest expense against $983K.
$4.2M net interest income against $4.1M.
$469K total noninterest income against $1.6M; $3.5M total noninterest expense against $2.8M.
$150K provision for credit losses against $128K.
$948K net income against $2.7M.
0.79% return on assets against 2.20%; 3.73% net interest margin against 3.59%.
10.31% tier 1 leverage ratio against 10.31%.
Inside the full First National Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Nonperforming loans (nonaccrual loans plus loans 90 or more days past due) exceed 3% of total loans. BankRegReports band at 3% of total loans.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
First National Bank rankings
Its closest position to the top of a national ranking is 32 of 3,640, for Texas Ratio; its furthest is 3,048 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.79% (Q2 2026) to 2.20% (Q2 2025) and its net interest margin ran from 3.21% (Q3 2024) to 4.07% (Q1 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.31% | 0.79% | 5.29% | 38.08% | 3.73% |
| Q1 2026 | 10.15% | 1.27% | 2.49% | 16.94% | 4.07% |
| Q4 2025 | 10.26% | 1.46% | 2.38% | 16.22% | 3.82% |
| Q3 2025 | 10.33% | 1.40% | 2.05% | 14.16% | 3.79% |
| Q2 2025 | 10.31% | 2.20% | 2.19% | 18.79% | 3.59% |
| Q1 2025 | 9.86% | 1.16% | 2.63% | 23.87% | 3.49% |
| Q4 2024 | 9.70% | 1.24% | 2.66% | 28.24% | 3.34% |
| Q3 2024 | 9.87% | 1.14% | 2.22% | 16.47% | 3.21% |
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 |
|---|---|---|---|
| First National Bank (main office) | Alamogordo , NM | 88310 | $231.4M |
| Ruidoso Branch | Ruidoso , NM | 88345 | $76.4M |
| Cloudcroft Branch | Cloudcroft , NM | 88317 | $47.1M |
| Artesia Branch | Artesia , NM | 88210 | $36.2M |
| Tularosa Branch | Tularosa , NM | 88352 | $34.3M |
| North Branch | Alamogordo , NM | 88310 | $0 |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| July 7, 2011 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 7, 2011 | Structure Change | Acquired First National Bank of Ruidoso Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.9% of deposits in NM, rank 24 of 55 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $68K approved, $68K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2024 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), 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 First National Bank
What are First National Bank's total assets?
As of the Q2 2026 filing, First National Bank reported total assets of $452.8 million in its FFIEC call report.
Where is First National Bank headquartered?
It is headquartered in Alamogordo, NM, United States.
When was First National Bank founded?
It was established in 1956, per the FDIC institution directory.
Is First National Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #17643). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First National Bank?
First National Bank's primary federal regulator is the OCC.
How many branches does First National 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 First National Bank's Texas Ratio?
Its Texas Ratio is 38.08% 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 First National Bank previously called?
The charter now named First National Bank has also operated as First National Bank in Alamogordo (1972-2011), per FDIC structure-change records.
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