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First American Bank

Artesia, NM · Cert 2240 · First Artesia Bancshares Inc.

State charter, non-member · FDIC · 21 branches

Q2 2026

$1.9BAssets
$1.2BLoans
$1.6BDeposits
$191.0MEquity
Loan mix
85%RE $962.5M14%C&I $162.0M0%Consumer $2.7MQ3 2024Q2 2026
Deposit mix
60%Interest-bearing $986.7M40%Noninterest $646.1MQ3 2024Q2 2026

Market Position · Las Cruces, NM · 2026 SOD (annual) · 5.1% share · #4 of 17 inst. · $0.2B of $3.3B

21.0% Eddy
9.5% Lea
30.6% Grant
5.1% Dona Ana

Executive Summary

  • Earnings: ROA of 2.27%, up 24 bps year over year; NIM at 4.58%.
  • Asset quality: problem loans at 0.53% of loans (-33 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 11.79%, up 127 bps from a year ago.
  • Funding: loans stand at 71.67% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

2.27%+24 bps YoY

Net Interest Margin (YTD, annualized)

4.58%+27 bps YoY

Efficiency Ratio (YTD, annualized)

40.18%-200 bps YoY

Tier 1 Leverage Ratio

11.79%+127 bps YoY

NIM

5.20%Q2 ’245.16%Q2 ’255.24%Q2 ’26+1%+6%

Non-interest income vs. expense

2.29%Q2 ’242.14%Q2 ’252.12%Q2 ’26-6%-3%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.97%1.95%2.03%2.03%2.11%2.16%2.33%2.27%+24 bps
Return on Equity25.46%25.02%25.78%25.31%24.86%24.23%22.70%22.32%-298 bps
Net Interest Margin4.37%4.34%4.21%4.31%4.46%4.46%4.56%4.58%+27 bps
Efficiency Ratio44.30%41.39%41.32%42.18%41.49%41.45%38.56%40.18%-200 bps
Non-Interest Burden1.71%1.55%1.49%1.57%1.57%1.57%1.45%1.53%-4 bps
Growth
Asset Growth (YoY)0.19%-2.30%7.56%5.59%3.62%4.52%-1.06%2.28%-331 bps
Loan Growth (YoY)5.48%6.67%11.10%13.41%9.44%6.43%7.23%6.35%-706 bps
Deposit Growth (YoY)2.63%0.79%9.66%4.50%4.51%2.12%-2.98%1.08%-343 bps
Asset Quality
Nonperforming Loans / Loans0.97%0.79%0.95%0.86%0.84%0.54%0.51%0.53%-33 bps
Net Charge-Offs / Loans0.04%0.62%0.00%0.12%0.08%0.16%0.00%0.00%-12 bps
Allowance / Loans1.95%1.77%1.79%1.80%1.91%1.88%1.87%1.91%+10 bps
Allowance Coverage of NPLs2.0x2.2x1.9x2.1x2.3x3.5x3.7x3.6x+1.5x
Capital
Tier 1 Leverage Ratio10.49%10.97%10.31%10.52%11.44%12.06%11.66%11.79%+127 bps
Total Risk-Based Capital17.55%18.35%17.45%18.00%19.08%20.71%19.08%19.19%+119 bps
Equity / Assets8.57%8.14%7.61%8.40%9.85%10.69%9.87%9.98%+157 bps
Liquidity & Funding
Loans / Deposits66.15%66.32%62.05%68.11%69.28%69.12%68.58%71.67%+355 bps
Liquid Assets / Assets4.47%4.57%11.40%6.95%6.33%7.71%8.74%7.21%+27 bps
CRE / Total Capitaln/an/an/an/a326%312%338%n/an/a