First New Mexico Bank Silver City Financial Performance and Portfolio

First New Mexico Bank Silver City has consistently demonstrated strong financial performance over the years.

The bank's net income has shown a steady increase, with a notable surge in recent years, reaching a significant amount in 2020.

One key factor contributing to this growth is the bank's prudent lending practices, which have allowed it to maintain a healthy loan-to-deposit ratio.

This approach has helped the bank navigate economic fluctuations and maintain a stable financial foundation.

First New Mexico Bank of Silver City is a commercial bank with a state charter, not a member of the Federal Reserve, and supervised by the Federal Deposit Insurance Corporation (FDIC).

The bank was established on January 4, 1984, and has been providing financial services to its community for over 38 years.

First New Mexico Bank of Silver City has a total of 5 domestic offices, with no foreign offices or US offices outside of New Mexico.

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The bank is directly owned by its shareholders and is not owned by another bank or financial institution.

First New Mexico Bank of Silver City is considered a community bank, serving the needs of the local community in Silver City, New Mexico.

Here's a brief overview of the bank's structure:

The bank has a relatively small number of employees, with 31 staff members working across its domestic offices.

First New Mexico Bank of Silver City has a Federal Reserve ID Number of 11, with its main office located in the DALLAS region.

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First New Mexico Bank of Silver City boasts total assets of $141,787k, showcasing its substantial scale and influential market presence.

The bank's financial stability is reflected in its Tier 1 Risk-Based Capital Ratio, which stands at 0, indicating a strong capital adequacy and risk management strategy.

First New Mexico Bank of Silver City is a significant player in the financial sector with a network of 5 domestic offices, serving the community for several decades.

The bank is FDIC insured, ensuring that deposits are protected up to the applicable limits, maintaining customer trust and financial security.

First New Mexico Bank of Silver City has a substantial scale with total assets valued at $141,787k. This is a significant amount that showcases the bank's influential market presence.

The bank's financial structure and stability can be analyzed through its total liabilities, which stand at $124,814k, and total equity capital, which is $16,973k. This breakdown provides valuable insights into the bank's financial landscape.

First New Mexico Bank of Silver City has a total of 5 domestic offices and is a significant player in the financial sector. Its strong community focus and local market presence make it a local bank, despite having a broader operational reach.

The bank's operational metrics include total deposits of $120,929k and net loans and leases at $69k. These metrics provide a comprehensive understanding of the bank's core operations and revenue streams.

The Tier 1 Risk-Based Capital Ratio is 0, indicating that the bank's capital adequacy and risk management strategies are in good shape. This is a key indicator of the bank's financial stability.

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First New Mexico Bank of Silver City is FDIC insured, ensuring that deposits are protected up to the applicable limits. This underlines the bank's commitment to maintaining customer trust and financial security.

The bank's net interest margin is 4.88, which is a vital metric for evaluating its profitability. Historical trends would require a more detailed analysis over the past quarters, which can be provided upon request.

The routing number for FIRST NEW MEXICO BANK OF SILVER CITY in New Mexico is 112205340.

This routing number supports both ACH and Wire transfers, making it a versatile option for financial transactions.

You can find your routing number on your bank-issued check or bank statement, or by logging into online banking.

If you're looking to transfer funds, be aware that there may be fees involved, with a connected bank account (ACH) fee of 2.49 USD and an our fee of 3.77 USD.

Here's a breakdown of the total fees you might incur:

To find your routing number, you can also try online resources such as the official website of the Federal Reserve, known as Fedwire.

First New Mexico Bank of Silver City's REO report is a valuable resource for anyone looking to purchase a bank-owned home.

The bank's REO report shows that their bank-owned homes total $0, which is a 0% decrease from the previous quarter.

You won't find any commercial REO properties listed, with a total of $0 in commercial REO.

Multifamily REO properties are also not available, with $0 in multifamily REO.

The bank's farmland and agricultural REO properties are also listed as $0.

Construction loan REOs are also not available, with a total of $0.

To get a list of First New Mexico Bank of Silver City's foreclosures, you'll need to contact an REO asset manager at the REO department.

BankProspector can help you find the special assets and REO department contacts or any other First New Mexico Bank of Silver City decision maker.

Subscribers to BankProspector have access to the portfolio info for First New Mexico Bank of Silver City and other banks in New Mexico. This information can be used to find and qualify banks with distressed assets.

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Our members use BankProspector to source their own bank direct deals, finding contacts like Asset Managers and executives in special assets or workout departments at First New Mexico Bank of Silver City.

The Financial Fast Facts Table provides an explanation for the financial information available for First New Mexico Bank of Silver City.

First New Mexico Bank of Silver City has a substantial scale with total assets of $141,787k, showcasing its influential market presence.

The bank's total liabilities stand at $124,814k, highlighting its financial structure and stability. Total equity capital is at $16,973k.

The bank's total deposits are $120,929k, providing a valuable insight into its customer base and financial stability. Net loans and leases are at $69k, indicating a relatively low level of lending activity.

The Tier 1 Risk-Based Capital Ratio is 0, suggesting that the bank may not be adequately capitalized to absorb potential losses. Return on Assets is at 1.65, indicating a relatively high level of profitability.

This financial performance is designed to enhance your understanding of First New Mexico Bank of Silver City's performance and competitive positioning within the financial industry.

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First New Mexico Bank of Silver City has a portfolio that's accessible to subscribers, who can use BankProspector to find and qualify banks and bank contacts with distressed assets.

The bank's asset managers and other contacts, including executives and officers in departments like special assets or workout departments, are also available through BankProspector.

Subscribers can use this tool to source their own bank direct deals, making it a valuable resource for those looking to invest in the bank.

First New Mexico Bank of Silver City has a strong presence in the community, with a network of 5 domestic offices and total assets valued at $141,787k.

This local bank has a significant impact on the financial sector, serving local communities effectively while benefiting from larger-scale operations.

Its strong community focus and local market presence make it a unique player in the industry.

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