First State Bank
FDIC #16600
📍 Socorro, New Mexico
First State Bank is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in 07/01/1947. With assets of $181.00 Million, it operates 4 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: July 1, 2023
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
July 1, 2023
Needs to Improve
June 1, 2017
Satisfactory
June 1, 2015
Needs to Improve
💰 Financial Strength
Total Assets$181.00 Million
Total Deposits$159.56 Million
Equity Capital$21.11 Million
Net Income$1.11 Million
📈 Performance
ROA0.81%
ROE7.22%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established07/01/1947
FDIC Cert16600
Holding CoBbs Corp
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
📜 Institutional History
1993
Relocation
Moved HQ to: 103 Manzanares Avenue, Socorro, NM 87801.