First State Bank (Socorro, NM)
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Data as of · sourced from FFIEC call reports. How we update
First State Bank is an FDIC-insured commercial bank headquartered in Socorro, NM, established in 1947 (FDIC certificate 16600), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $188.0M, down 1.1% from Q2 2025, the 23rd largest of 29 banks headquartered in New Mexico.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 16600
- Headquarters
- Socorro, NM
- Established
- 1947
- Total assets, Q2 2026
- $188.0M
- Assets vs Q2 2025
- -1.1%
- Capital ratio
- Not reported
- Domestic offices
- 4 FDIC institution directory, current count
- Routing number
- 112201959
- Holding company
- BBS CORP.
- Asset rank in state
- 23rd of 29 in New Mexico
First State Bank, based in Socorro, New Mexico, reported $188 million in assets at June 30, 2026, down 1.1% from a year earlier. It pays an average of 0.38% on its deposits and borrowings, a small fraction of the median of 1.80% for the 2,660 banks with $100 million to $1 billion in assets. It also holds common equity equal to 57.45% of its risk-weighted assets, 3.8 times the median of 15.12% for banks its size.
Loans and deposits moved in opposite directions: over the year loans rose 6.6% and deposits fell 2.4%. Unrealized losses on its securities total $5.7 million, equal to 21% of Tier 1 capital, against 25% a year earlier. Its margin is thin by comparison: it keeps 3.30 cents of net interest income on every dollar of earning assets, lower than about three-quarters of banks its size (median 3.95 cents).
As of June 30, 2026, First State Bank reported a CET1 capital ratio of 57.45%, a return on assets of 1.14%, a nonperforming-loan ratio of 0.03% and a Texas ratio of 0.01%. The figures come from its call report filed with the FFIEC.
Of the 29 banks headquartered in New Mexico, First State Bank is the 23rd largest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 1.2% to $188.0M, loans fell 0.8% and deposits rose 1.1%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 44.3% of total loans, ahead of commercial and industrial loans at 29.0%. Its 4 offices in the FDIC Summary of Deposits are in Socorro, NM, Reserve, NM and Magdalena, NM; its Socorro 2 offices book 69% of its branch deposits. On its Q2 2026 call report, First State Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 103 Manzanares Ave E, Socorro, NM 87801
- County
- Socorro
- 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
- July 1, 1947
- Domestic offices
- 4 FDIC institution directory, current count
- Employees (FTE)
- 27
- Domestic deposits
- $160.5M
- Allowance for credit losses
- $1.2M
- Net charge-offs (YTD)
- -$3K
- Average total assets
- $187.6M
- Average total loans
- $11.7M
- Average interest-bearing deposits
- $115.1M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- July 1, 1947
- FDIC Cert
- 16600
- Fed RSSD
- 497655
- Website
- www.Socorrobanking.com →
- Parent Holding Company
- BBS CORP. (RSSD 2049142)
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, First State Bank's total assets ranged from $175.0M (Q3 2025) to $208.7M (Q4 2025), 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
$188.0M total assets against $190.1M; $161.2M total liabilities against $165.3M.
$10.5M net loans and leases against $9.8M; $160.5M total deposits against $164.5M.
$142.9M securities against $139.6M; $30.7M cash and balances due against $36.7M.
$1.6M total interest income against $1.5M; $154K total interest expense against $116K.
$1.4M net interest income against $1.4M.
$146K total noninterest income against $135K; $1.1M total noninterest expense against $960K.
$9K provision for credit losses against $9K.
$534K net income against $450K.
1.14% return on assets against 0.97%; 3.30% net interest margin against 3.36%.
57.45% CET1 capital ratio against 55.49%; 14.27% tier 1 leverage ratio against 13.40%.
Inside the full First State 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.
Held-to-maturity securities carry unrealized losses worth 10–25% of book equity. Carried at amortized cost, they do not reduce reported capital, but they shrink the bank's true mark-to-market cushion if the securities ever have to be sold. BankRegReports analysis, HTM marks aren't a reported regulatory metric.
First State Bank rankings
Its closest position to the top of a national ranking is 2,198 of 3,611, for ROA; its furthest is 3,331 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.92% (Q1 2026) to 1.34% (Q3 2024) and its net interest margin ran from 3.24% (Q4 2025) to 3.55% (Q3 2024).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 57.45% | 1.14% | 0.03% | 0.01% | 3.30% |
| Q1 2026 | 57.67% | 0.92% | 0.03% | 0.04% | 3.28% |
| Q4 2025 | 57.19% | 1.11% | 0.03% | 0.04% | 3.24% |
| Q3 2025 | 56.87% | 1.03% | 0.07% | 0.06% | 3.42% |
| Q2 2025 | 55.49% | 0.97% | 0.02% | 0.04% | 3.36% |
| Q1 2025 | 57.75% | 0.98% | 0.65% | 0.31% | 3.42% |
| Q4 2024 | 54.98% | 0.98% | 0.61% | 0.31% | 3.53% |
| Q3 2024 | 55.35% | 1.34% | 0.59% | 0.31% | 3.55% |
Swipe the table sideways to see every column.
Branch Network
View all 4 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 State Bank (main office) | Socorro , NM | 87801 | $111.0M |
| Reserve Branch | Reserve , NM | 87830 | $41.8M |
| First State Bank (main office) | Magdalena , NM | 87825 | $7.8M |
| Motor Facility | Socorro , NM | 87801 | $0 |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.3% of deposits in NM, rank 43 of 55 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $450K approved, $450K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 1991 (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 State Bank
What are First State Bank's total assets?
As of the Q2 2026 filing, First State Bank reported total assets of $188.0 million in its FFIEC call report.
Where is First State Bank headquartered?
It is headquartered in Socorro, NM, United States.
When was First State Bank founded?
It was established in 1947, per the FDIC institution directory.
Is First State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #16600). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First State Bank?
First State Bank's primary federal regulator is the FDIC.
What is First State Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 57.45% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does First State Bank operate?
It operates 4 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is First State Bank's Texas Ratio?
Its Texas Ratio is 0.01% 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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