First American Bank
FDIC #2240
📍 Artesia, New Mexico
First American Bank is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in 01/01/1903. With assets of $1.78 Billion, it operates 21 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: May 1, 2022
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
May 1, 2022
Satisfactory
July 1, 2019
Satisfactory
September 1, 2016
Satisfactory
💰 Financial Strength
Total Assets$1.78 Billion
Total Deposits$1.47 Billion
Equity Capital$111.20 Million
Net Income$33.28 Million
📈 Performance
ROA2.51%
ROE39.43%
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
Established01/01/1903
FDIC Cert2240
Holding CoFirst Artesia Bancshares Inc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
📜 Institutional History
2022
Merger / Acquisition
Acquired: United Bank Of El Paso Del Norte
2014
Merger / Acquisition
Acquired: Ambank
2010
Name Change
Name became: Changed Institution Name To First American Bank.
2004
Relocation
Moved HQ to: 303 W Main Street, Artesia, NM 88210.
1996
Name Change
Name became: Changed Institution Name To The First National Bank.
📍 Branch Locations (21)
First American Bank - Jefferson Street Branch
4301 The 25 Way Ne
Albuquerque, New Mexico 87109
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4301 The 25 Way Ne
Albuquerque, New Mexico 87109
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