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First State Bank
Socorro, NM · State-chartered bank (not a Fed member) · Part of BBS Corp
- Total assets
- $188M
- Q2 2026
- Deposits
- $160.5M
- Net income
- $979K
- first half of 2026
- Return on assets
- 1.01%
- Annualized
Bank details
As reported to the FDIC
- FDIC certificate
- 16600
- Main office
- Socorro, NM
- Holding company
- BBS Corp
- Charter
- State-chartered bank (not a Fed member)
- Primary federal regulator
- Federal Deposit Insurance Corporation (FDIC)
- Established
- 07/01/1947
- FDIC insured since
- 07/01/1947
- U.S. offices
- 4
- Employees (full-time equivalent)
- 27
- Specialty
- Other Specialized Under 1 Billion
- Website
- www.Socorrobanking.com
Quarterly financials
From the bank's Call Reports. Income figures are year to date; ratios are annualized.
| Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $188M | $185.7M | $208.7M | $175M | $190.1M | $181.9M | $186.9M | $186.9M |
| Deposits | $160.5M | $158.8M | $182.3M | $149.1M | $164.5M | $156.7M | $162.8M | $162.9M |
| Net loans and leases | $10.46M | $10.57M | $10.21M | $9.96M | $9.77M | $9.65M | $9.93M | $10.35M |
| Securities | $142.9M | $142.9M | $142.5M | $140.6M | $139.6M | $136.1M | $139M | $134.7M |
| Equity capital | $26.77M | $26.24M | $25.79M | $25.26M | $24.79M | $24.34M | $23.88M | $23.42M |
| Net income (year to date) | $979K | $445K | $1.91M | $1.38M | $912K | $462K | $2.25M | $1.79M |
| Return on assets | 1.01% | 0.90% | 1.01% | 1.00% | 0.98% | 1.00% | 1.19% | 1.26% |
| Return on equity | 7.45% | 6.84% | 7.71% | 7.47% | 7.49% | 7.66% | 9.87% | 10.58% |
| Net interest margin | 3.23% | 3.22% | 3.34% | 3.46% | 3.43% | 3.51% | 3.64% | 3.67% |
| Efficiency ratio | 67.4% | 65.0% | 63.7% | 64.1% | 63.1% | 64.2% | 59.5% | 58.9% |
| Noncurrent loans | 0.03% | 0.03% | 0.03% | 0.08% | 0.02% | 0.73% | 0.68% | 0.66% |
| Net charge-off rate | -0.05% | -0.10% | 0.24% | 0.25% | 0.44% | 0.55% | 0.33% | 0.25% |
| Leverage (core capital) ratio | 14.27% | 13.51% | 13.40% | 13.95% | 13.40% | 12.85% | 12.66% | 12.21% |
| Total risk-based capital ratio | 58.71% | 58.94% | 58.46% | 58.13% | 56.76% | 59.02% | 56.24% | 56.62% |
Assets fell 1.1% from Q2 2025.
Loan mix
Share of gross loans, Q2 2026
- Real estate loans$6.73M64.3%
- Commercial and industrial loans$3.39M32.4%
- Consumer loans$1.46M13.9%
Find bank branches in New Mexico · Employees: 27
Frequently asked questions
- What is First State Bank's FDIC certificate number?
- First State Bank's FDIC certificate number is 16600.
- How big is First State Bank?
- First State Bank reported total assets of $188M and deposits of $160.5M as of Q2 2026.
- Is First State Bank FDIC insured?
- Yes. First State Bank has been insured by the FDIC since 07/01/1947. Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
Source: Federal Deposit Insurance Corporation, BankFind Suite (Call Report data) · Last updated 06/30/2026