During the past year, headlines have appeared in the news with negative information on the financial markets. This has resulted in consumers being concerned about how safe their money is in their bank.
First New Mexico Bank, Las Cruces wants to assure you that we remain one of the strongest capitalized banks in New Mexico. Our financial condition is very sound and our financial ratios are above the regulatory requirements.
First New Mexico Bank, Las Cruces has a strong capital ratio. The bank is very liquid in its cash position. We have a solid loan portfolio and our reserve for loan losses is in excess of 2% as a cushion for any further downslide in the economy that could hurt our local community.
First New Mexico Bank, Las Cruces opened its doors in November 2001 with the philosophy of conservatism and being a strong community bank. We have maintained discipline in our business decisions and are proud of our financial strength. As part of the First New Mexico Financial Corporation, we are optimistic of a very strong financial future.
We are available to assist you by answering any questions you may have. Our officers, directors and employees want to keep open communication with our customers. You are welcome to visit the FDIC website www.fdic.gov
to review the public financial information regarding First New Mexico Bank, Las Cruces.
Thank you for your confidence in First New Mexico Bank, Las Cruces.
Sharron Stuart
President
