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First New Mexico Bank, Las Cruces

Las Cruces, NM · Cert 58745 · First NM Financial Corp.

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

Q2 2026

$171.9MAssets
$99.7MLoans
$146.1MDeposits
$22.2MEquity
Loan mix
94%RE $87.8M4%C&I $3.6M2%Consumer $2.1MQ2 2025Q2 2026
Deposit mix
57%Interest-bearing $83.5M43%Noninterest $62.6MQ2 2025Q2 2026

NIM

5.92%Q2 ’246.09%Q2 ’255.69%Q2 ’26+5%-8%

Non-interest income vs. expense

3.09%Q2 ’243.17%Q2 ’252.87%Q2 ’26+8%-11%

Market Position · Las Cruces, NM · 2026 SOD (annual) · 4.5% share · #7 of 17 inst. · $0.1B of $3.3B

Executive Summary

  • Earnings: ROA of 1.87%, up 15 bps year over year; NIM at 4.76%.
  • Asset quality: problem loans at 2.31% of loans (+231 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 13.05%, down 39 bps from a year ago.
  • Funding: loans stand at 68.26% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.87%+15 bps YoY

Net Interest Margin (quarter, annualized)

4.76%-41 bps YoY

Efficiency Ratio (quarter, annualized)

56.18%-158 bps YoY

Tier 1 Leverage Ratio

13.05%-39 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.71%1.82%2.35%1.77%1.87%+15 bps
Return on Equity13.16%13.81%17.74%13.80%14.69%+153 bps
Net Interest Margin5.17%5.09%4.92%4.55%4.76%-41 bps
Efficiency Ratio57.76%57.02%57.84%60.01%56.18%-158 bps
Non-Interest Burden2.85%2.74%2.67%2.61%2.52%-33 bps
Growth
Asset Growth (YoY)6.09%2.31%7.90%10.10%6.58%+49 bps
Loan Growth (YoY)19.13%14.78%10.23%5.38%5.32%-1,381 bps
Deposit Growth (YoY)6.53%2.31%8.65%11.55%7.52%+99 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%2.40%2.46%2.31%+231 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.84%1.84%1.95%2.03%1.94%+10 bps
Allowance Coverage of NPLsn/an/a0.8x0.8x0.8xn/a
Capital
Tier 1 Leverage Ratio13.44%13.45%13.58%13.05%13.05%-39 bps
Total Risk-Based Capital13.44%13.45%13.58%13.05%13.05%-39 bps
Equity / Assets12.99%13.32%13.15%12.52%12.90%-9 bps
Liquidity & Funding
Loans / Deposits69.68%72.67%69.22%62.58%68.26%-143 bps
Liquid Assets / Assets34.31%32.16%34.45%40.53%36.26%+196 bps
CRE / Total Capitaln/a328%319%316%n/an/a