Applications / Mortgage Analytics / Lenders / New Mexico / First American Bank
Artesia, NM · State non-member bank · FDIC · $1.8 billion assets · 128 loans in 2025
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128
loans originated, 2025
208
applications, 2025
5
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
First American Bank is a New Mexico purchase lender whose loans go mostly to majority-minority areas, more than at nearly any bank its size.
Majority-minority areas took 68.0% of its loans, against 5.9% at similar lenders (state non-member banks making between half and twice as many loans). Low- and moderate-income (LMI) areas took 20.5%, against 17.5%. LMI borrowers took 15.0%, against 27.8%; its larger loans, typically $245,000 against $175,000 at peers, are one possible reason.
It made 128 loans, down 21% from 162, while similar lenders grew 9%; its growth was among the lowest tenth. Loans insured by the Federal Housing Administration (FHA) fell to 0.8% of its lending from 23.5%, which is one possible reason. Five years earlier it made 914 loans.
Purchases were 80.5% of its loans. Its typical rate, 6.88%, was close to the 7.00% at peers. Higher-priced loans (a rate well above the average for similar loans) were 1.1% of its total, against 3.4% at peers.
In Las Cruces it ranked 26 of 231 lenders, with 1.0%, down from 1.2%; Citizens Bank of Las Cruces leads. In non-metro New Mexico it ranked 27 of 353. Its lower lending overall is one possible reason for the smaller share.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. First American Bank took 208 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 80.5% · Refinance 16.4% · Home improvement 1.6% · Other 1.6%
Conventional 93.0% · VA 6.3% · FHA 0.8% · of 128 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| New Mexico | 112 | 87.5% |
| Texas | 11 | 8.6% |
| Arizona | 3 | 2.3% |
| California | 1 | 0.8% |
| Iowa | 1 | 0.8% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Las Cruces | 38 |
| El Paso | 4 |
| Albuquerque | 2 |
| Phoenix-Mesa-Chandler | 2 |
| Santa Fe | 2 |
| Dallas-Plano-Irving | 1 |
| Houston-Pasadena-The Woodlands | 1 |
| Lubbock | 1 |
| Omaha | 1 |
| San Antonio-New Braunfels | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493005KZM1DEUYVS783 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 771458 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 17043 | 1999–2008 |
| Respondent ID (the HMDA filer code before 2018) | 32240 | 2009–2017 |
Established 1 January 1903. Reported under HMDA 1999-2025.
Mergers, name changes, data editions and corrections: First American Bank's data.
First American Bank's data
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First American Bank and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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