First New Mexico Bank Of Silver City
FDIC #24865
📍 Silver City, New Mexico
First New Mexico Bank Of Silver City is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in January 4, 1984. With assets of $137.19 Million, it operates 5 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: November 1, 2024
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
November 1, 2024
Needs to Improve
December 1, 2018
Satisfactory
December 1, 2012
Satisfactory
💰 Financial Strength
Total Assets$137.19 Million
Total Deposits$116.84 Million
Equity Capital$16.16 Million
Net Income$1.52 Million
📈 Performance
ROA1.45%
ROE12.79%
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
EstablishedJanuary 4, 1984
FDIC Cert24865
Holding CoFirst Nm Financial Corp
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
📜 Institutional History
2022
Relocation
Moved HQ to: 1928 Hwy 180 East, Silver City, NM 88061.
2006
Relocation
Moved HQ to: Po Box 2798, Silver City, NM 88062.
1991
Name Change
Name became: Changed Institution Name To First New Mexico Bank Of Silver City.