First New Mexico Bank, Las Cruces
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Data as of · sourced from FFIEC call reports. How we update
First New Mexico Bank, Las Cruces is an FDIC-insured commercial bank headquartered in Las Cruces, NM, established in 2008 (FDIC certificate 58745), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $171.9M, up 6.6% from Q2 2025, the 25th largest of 29 banks headquartered in New Mexico. It reports no CET1 ratio; its Tier 1 leverage ratio was 13.05% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 58745
- Headquarters
- Las Cruces, NM
- Established
- 2008
- Total assets, Q2 2026
- $171.9M
- Assets vs Q2 2025
- +6.6%
- Tier 1 leverage ratio, Q2 2026
- 13.05%
- Domestic offices
- 3 FDIC institution directory, current count
- Routing number
- 112207335
- Latest call report
- Q2 2026, FFIEC 051 · First New Mexico Bank, Las Cruces call report
- Holding company
- FIRST NEW MEXICO FINANCIAL CORPORATION
- Asset rank in state
- 25th of 29 in New Mexico
Problem loans are rising at First New Mexico Bank, Las Cruces. Based in Las Cruces, New Mexico, it had $172 million in assets at June 30, 2026, up 6.6% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 2.31% of loans from 0.00% a year earlier. It keeps 5.20 cents of net interest income on every dollar of earning assets, higher than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 3.95 cents). It also pays an average of 1.08% on its deposits and borrowings, lower than about three-quarters of banks its size (median 1.80%).
Delinquency has appeared in its $38 million non-owner-occupied commercial real estate book: 1.53% of those loans are past due or on nonaccrual, against almost none a year earlier. Net income for the quarter rose 18% from a year earlier, to $809,000. Concentration is the risk to watch: it holds commercial real estate loans worth 2.5 times its capital, about double the median of 1.2 times for banks its size.
As of June 30, 2026, First New Mexico Bank, Las Cruces reported a return on assets of 1.89%, a nonperforming-loan ratio of 2.31% and a Texas ratio of 9.55%. The figures come from its call report filed with the FFIEC.
Of the 29 banks headquartered in New Mexico, First New Mexico Bank, Las Cruces is the 25th largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets fell 1.6% to $171.9M, loans rose 6.9% and deposits fell 2.0%. The largest part of its loan book on June 30, 2026 was non-owner-occupied commercial real estate loans, at 38.2% of total loans, ahead of 1-4 family residential loans at 17.2%. The FDIC Summary of Deposits lists 3 offices for it, in Las Cruces, NM and Anthony, NM; its Las Cruces 2 offices book 84% of its branch deposits. On its Q2 2026 call report, First New Mexico Bank, Las Cruces meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 3000 E Lohman Ave, Las Cruces, NM 88011
- County
- Dona Ana
- Metro Area
- Las Cruces, 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 11, Dallas
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 14, 2008
- Domestic offices
- 3 FDIC institution directory, current count
- Employees (FTE)
- 31
- Domestic deposits
- $146.1M
- Allowance for credit losses
- $1.9M
- Net charge-offs (YTD)
- -$2K
- Average total assets
- $171.6M
- Average total loans
- $98.1M
- Average interest-bearing deposits
- $84.4M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 14, 2008
- FDIC Cert
- 58745
- Fed RSSD
- 3623969
- Website
- www.firstnewmexicobanklc.com →
- Parent Holding Company
- FIRST NEW MEXICO FINANCIAL CORPORATION (RSSD 1107830)
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 New Mexico Bank, Las Cruces reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
First New Mexico Bank, Las Cruces's total assets moved between a low of $152.1M (Q2 2024) and a high of $174.7M (Q1 2026) from Q3 2023 to Q2 2026, 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
$171.9M total assets against $161.3M; $149.8M total liabilities against $140.4M.
$97.8M net loans and leases against $93.0M; $146.1M total deposits against $135.9M.
$36.7M securities against $34.4M; $29.3M cash and balances due against $25.7M.
$2.4M total interest income against $2.4M; $399K total interest expense against $361K.
$2.0M net interest income against $2.0M.
$148K total noninterest income against $128K; $1.2M total noninterest expense against $1.3M.
$45K provision for credit losses against $30K.
$809K net income against $685K.
1.89% return on assets against 1.73%; 5.20% net interest margin against 5.63%.
13.05% tier 1 leverage ratio against 13.44%.
Inside the full First New Mexico Bank, Las Cruces 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.
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 New Mexico Bank, Las Cruces rankings
Its closest position to the top of a national ranking is 633 of 3,611, for ROA; its furthest is 3,154 of 4,196, for total assets.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 1.61% (Q3 2024) to 2.37% (Q4 2025) and its net interest margin ran from 4.95% (Q1 2026) to 5.63% (Q2 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 13.05% | 1.89% | 2.31% | 9.55% | 5.20% |
| Q1 2026 | 13.05% | 1.77% | 2.46% | 9.68% | 4.95% |
| Q4 2025 | 13.58% | 2.37% | 2.40% | 9.79% | 5.39% |
| Q3 2025 | 13.45% | 1.82% | 0.00% | 0.00% | 5.55% |
| Q2 2025 | 13.44% | 1.73% | 0.00% | 0.00% | 5.63% |
| Q1 2025 | 13.47% | 1.62% | 0.00% | 0.00% | 5.36% |
| Q4 2024 | 13.56% | 1.82% | 0.00% | 0.00% | 5.59% |
| Q3 2024 | 12.97% | 1.61% | 0.00% | 0.00% | 5.55% |
Swipe the table sideways to see every column.
Branch Network
View all 3 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 New Mexico Bank, Las Cruces (main office) | Las Cruces , NM | 88011 | $119.5M |
| Anthony Branch | Anthony , NM | 88021 | $23.7M |
| First New Mexico Bank, Las Cruces Branch | Las Cruces , NM | 88007 | $2.9M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.3% of deposits in NM, rank 45 of 55 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $952K approved, $952K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (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 New Mexico Bank, Las Cruces
What are First New Mexico Bank, Las Cruces's total assets?
As of the Q2 2026 filing, First New Mexico Bank, Las Cruces reported total assets of $171.9 million in its FFIEC call report.
Where is First New Mexico Bank, Las Cruces headquartered?
It is headquartered in Las Cruces, NM, United States.
When was First New Mexico Bank, Las Cruces founded?
It was established in 2008, per the FDIC institution directory.
Is First New Mexico Bank, Las Cruces FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #58745). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First New Mexico Bank, Las Cruces?
First New Mexico Bank, Las Cruces's primary federal regulator is the FDIC.
How many branches does First New Mexico Bank, Las Cruces operate?
It operates 3 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is First New Mexico Bank, Las Cruces's Texas Ratio?
Its Texas Ratio is 9.55% 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.
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