First New Mexico Bank: how it compares with its peers
Against 16 NM banks with half to twice its assets, First New Mexico Bank's strongest measure in Q2 2026 is efficiency ratio (47.31% vs. a 56.45% peer median). Its weakest relative measure is net interest margin (4.07% vs. 4.45%).
| Measure | First New Mexico Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.67% | 1.88% | Middle third Ahead of 38% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.07% | 4.45% | Bottom third Ahead of 31% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 47.31% | 56.45% | Top third Ahead of 88% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $8.6M | $7.2M | Top third Ahead of 69% of peers |
| Loans to deposits Net loans and leases over total deposits. | 52.42% | 54.88% | Context |
What it means for lending operations
Its efficiency ratio of 47.31% is better than the 56.45% peer median. Banks that already run lean usually find their next gains in loan growth: faster digital applications and fewer borrowers abandoning a slow document chase.
Banks closest in size
- Community 1st Bank Las Vegas Las Vegas, NM · $294M
- Valley Bank of Commerce Roswell, NM · $304M
- Main Bank Albuquerque, NM · $245M
- Western Bank Lordsburg, NM · $326M
- Western Bank Artesia, NM · $350M
- First State Bank Socorro, NM · $188M
Questions about First New Mexico Bank
How big is First New Mexico Bank?
First New Mexico Bank, established in 1962, is headquartered in Deming, NM. It reported $275M in total assets in its Q2 2026 FDIC call report and operates 3 offices.
What is First New Mexico Bank's return on assets?
1.67% annualized in Q2 2026, against a 1.88% median for 16 NM banks with half to twice its assets, ahead of 38% of them.
What is First New Mexico Bank's efficiency ratio?
47.31% in Q2 2026: it spent about 47 cents in noninterest expense for each dollar of revenue. The peer median is 56.45%, and lower is better.
Is First New Mexico Bank growing its loans?
Net loans shrank 1.6% over the year to Q2 2026, while deposits grew 6.8%.
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.