First National Bank: how it compares with its peers
Against 15 NM banks with half to twice its assets, First National Bank's strongest measure in Q2 2026 is net interest margin (4.08% vs. a 4.10% peer median). Its weakest relative measure is return on assets (1.08% vs. 2.06%).
| Measure | First National Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.08% | 2.06% | Bottom third Ahead of 0% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.08% | 4.10% | Middle third Ahead of 47% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 70.20% | 51.79% | Bottom third Ahead of 7% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $5.0M | $8.5M | Bottom third Ahead of 7% of peers |
| Loans to deposits Net loans and leases over total deposits. | 50.68% | 54.58% | Context |
What it means for lending operations
Its efficiency ratio of 70.20% is above the 51.79% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- The James Polk Stone Community Bank Portales, NM · $444M
- The Bank of Clovis Clovis, NM · $438M
- Centinel Bank of Taos Taos, NM · $425M
- Southwest Capital Bank Albuquerque, NM · $483M
- The Citizens Bank of Clovis Clovis, NM · $493M
- Western Bank Artesia, NM · $350M
Questions about First National Bank
How big is First National Bank?
First National Bank, established in 1956, is headquartered in Alamogordo, NM. It reported $453M in total assets in its Q2 2026 FDIC call report and operates 6 offices.
What is First National Bank's return on assets?
1.08% annualized in Q2 2026, against a 2.06% median for 15 NM banks with half to twice its assets, ahead of 0% of them.
What is First National Bank's efficiency ratio?
70.20% in Q2 2026: it spent about 70 cents in noninterest expense for each dollar of revenue. The peer median is 51.79%, and lower is better.
Is First National Bank growing its loans?
Net loans grew 2.1% over the year to Q2 2026, while deposits shrank 2.6%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are NM banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every New Mexico bank ranked.