First State Bank
Socorro, NM
IDRSSD: 497655
Total Assets
$185.74M
Latest filing
Total Deposits
$158.82M
Latest filing
Net Interest Margin
3.22%
Profitability
Key People
Loading leadership data...
Locations
Main office and branches. Select to view on the map.
Main Office
First State Bank
103 Manzanares Ave E
Socorro, NM 87801
Full Service - Brick and Mortar
Updated 04/10/2026Established 07/01/1947FDIC Certificate 10743
Branches (3)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| First State Bank (Main) | 103 Manzanares Ave E | Socorro, NM |
| RESERVE BRANCH | 697 New Mexico Highway 12 | Reserve, NM |
| MOTOR FACILITY | 200 N California St | Socorro, NM |
| FIRST STATE BANK | 1st And Main Street | Magdalena, NM |
Showing 3 of 3
Quarterly Trends
Tooltip shows Quarter only. Download buttons export the chart only (CSV/PNG with white background).
Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
Similar banks
Bank of the Southwest
Roswell, New Mexico
→
Assets: $181.03MΔ -13.3%
Main Bank
Albuquerque, New Mexico
→
Assets: $251.00MΔ +20.3%
First New Mexico Bank, Las Cruces
Las Cruces, New Mexico
→
Assets: $164.76MΔ -21.1%
First New Mexico Bank of Silver City
Silver City, New Mexico
→
Assets: $147.44MΔ -29.4%
American Heritage Bank
Clovis, New Mexico
→
Assets: $145.84MΔ -30.1%
First New Mexico Bank
Deming, New Mexico
→
Assets: $276.21MΔ +32.3%
Institution Profile
| Institution Class | Commercial bank, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 07/01/1947 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 87801 |
| State and County Number | 35053 |
| Subchapter S Corporations | No |
| Trust Powers | N/A |
| Federal Reserve ID Number | 11 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Dallas |
| Core Based Statistical Area Name | N/A |
Operational Info
| Number of Employees | 29 |
| Domestic Offices | 4 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 08/31/2022 |
| Date of Deposit Insurance | 07/01/1947 |
| Primary Insurance Agency | DIF |
| Website | www.Socorrobanking.com |
| Data Updated | 04/10/2026 |
| CERT | 16600 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $185.74M |
| Total Deposits | $158.82M |
| Total Liabilities | $159.50M |
| Total Equity Capital | $26.24M |
| Net Income | $445.00k |
| Net Loans and Leases | $10.57M |
| Assets Per Employee ($Millions) | $6.63M |
| Bank Premises and Fixed Assets | $1.87M |
| Cash and Balances due from Depository Institutions | $28.80M |
| Deposits Held in Domestic Offices | $158.82M |
Key Performance Ratios
| Return on Assets (ROA) | 0.9% |
| Return on Equity (ROE) | 6.84% |
| Net Interest Margin | 3.22% |
| Efficiency Ratio | 65% |
| Tier 1 Risk-Based Capital Ratio | 57.669% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.02% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 14.127% |
| Earning Assets to total Assets | 90.68% |
Income and Expense
| Total Interest Income | $1.61M |
| Total Noninterest Income | $122.00k |
| Total Interest Expense | $157.00k |
| Total Noninterest Expense | $1.02M |
| Net Interest Income | $1.46M |
| Pre-tax Net Operating Income | $543.00k |
| Provision for Credit Losses | $9.00k |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | — |
| Other Real Estate Owned | $9.00k |
| Other borrowed funds | $0 |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $673.00k |
| Total Liabilities and Capital | $185.74M |
Securities
| Securities | $142.93M |
| Available-for-sale debt securities | $0 |
| Equity securities with readily determinable fair values not held for trading | — |
| Held-to-maturity securities | $141.99M |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of First State Bank?
$185.74M as of the latest filing.
How much are First State Bank's total deposits?
$158.82M in total deposits.
Where is First State Bank located?
Socorro, NM.
What is the Net Interest Margin?
3.22%.
How many domestic offices does it operate?
4.
When was it established?
07/01/1947.
What is the Return on Assets (ROA)?
0.9%.
How much are total loans and leases?
$10.57M (latest filing).
What is the total interest income (latest filing)?
$1.61M.