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First New Mexico Bank

Deming, NM · Cert 18514 · First NM Financial Corp.

State charter, non-member · FDIC · 2 affiliate banks · 3 branches (9 in holding)

Q2 2026

$275.1MAssets
$123.7MLoans
$230.9MDeposits
$40.3MEquity
Loan mix
84%RE $98.7M14%C&I $16.7M2%Consumer $2.6MQ2 2025Q2 2026
Deposit mix
67%Interest-bearing $153.6M33%Noninterest $77.2MQ2 2025Q2 2026

NIM

4.55%Q2 ’244.73%Q2 ’254.92%Q2 ’26+8%+8%

Non-interest income vs. expense

1.90%Q2 ’241.90%Q2 ’252.02%Q2 ’26+1%0%

Executive Summary

  • Earnings: ROA of 1.63%, up 21 bps year over year; NIM at 3.90%.
  • Asset quality: problem loans at 0.16% of loans (-66 bps YoY), with net charge-offs at 0.80%.
  • Capital: tier 1 leverage ratio of 14.73%, up 38 bps from a year ago.
  • Funding: loans stand at 53.60% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.63%+21 bps YoY

Net Interest Margin (quarter, annualized)

3.90%+28 bps YoY

Efficiency Ratio (quarter, annualized)

46.31%-169 bps YoY

Tier 1 Leverage Ratio

14.73%+38 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.42%1.61%1.86%1.71%1.63%+21 bps
Return on Equity10.12%11.08%12.97%11.93%11.21%+109 bps
Net Interest Margin3.62%3.75%3.89%3.70%3.90%+28 bps
Efficiency Ratio48.00%40.32%36.64%48.39%46.31%-169 bps
Non-Interest Burden1.56%1.29%1.22%1.60%1.56%0 bps
Growth
Asset Growth (YoY)-2.00%0.52%3.82%2.68%6.47%+846 bps
Loan Growth (YoY)13.05%-3.24%-1.14%-0.90%-1.55%-1,460 bps
Deposit Growth (YoY)-3.65%-0.63%3.11%2.16%6.85%+1,050 bps
Asset Quality
Nonperforming Loans / Loans0.82%0.76%1.02%1.30%0.16%-66 bps
Net Charge-Offs / Loans0.39%0.35%0.68%0.03%0.80%+42 bps
Allowance / Loans2.13%2.35%2.21%2.18%2.19%+7 bps
Allowance Coverage of NPLs2.6x3.1x2.2x1.7x14.1x+11.5x
Capital
Tier 1 Leverage Ratio14.35%14.73%14.53%14.51%14.73%+38 bps
Total Risk-Based Capital14.35%14.73%14.53%14.51%14.73%+38 bps
Equity / Assets14.49%14.58%14.17%14.47%14.63%+14 bps
Liquidity & Funding
Loans / Deposits58.17%55.19%53.46%54.50%53.60%-457 bps
Liquid Assets / Assets39.49%40.08%40.06%39.97%40.48%+99 bps
CRE / Total Capitaln/a182.94%180.33%176.71%n/an/a