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New Mexico: Banks’ Economic Impact

Banks support New Mexico’s economy with consumer, business and other loans, and by providing more than 8,000 people with a rewarding place to work.

Find State-by-State Data #
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Jobs

Jobs

  • 8,987Employees

  • $734.6 MTotal Annual Compensation & Benefits

  • $81,737Average Total Compensation & Benefits

  • 34Banks Headquartered in State

Source: Estimates based on ABA 2019/2020 survey data

Lending

Lending

  • $1.7 BSmall Business Loans Outstanding

  • $2.7 BNew Home Loans Booked in 2018

  • 13,002Number of New Home Loans in 2018

  • $155,000Median New Home Loan Size in 2018

  • $355.9 MSmall Farm Loans Outstanding

Source: Estimates based on ABA 2019/2020 survey data, HMDA

Customers

Customers

  • 1.8 MTotal Customers

  • $32.2 BDeposits

  • 1.5 MConsumer

  • 285.4 KSmall Business

  • 12.7 KSmall Farm

  • 56Banks Operating Branches

  • 455Branches & Offices

Big Town Service, Small Town Attention

Four Courners Big Tool

Business owners Kerri and Kyle Sandoval turn to Four Corners Community Bank in Farmington, NM, to quickly and thoughtfully meet their needs. “It’s important for us to be at a local bank that understands what a roller coaster the oil and gas industry can be,” says Kerri.

Source: Estimates based on ABA 2019/2020 survey data, FDIC branch deposit data

Giving Back

Giving Back

  • 66.6 KVolunteer hours

  • $27.4 MCommunity Donations

bankers holding a large check

Committed to the Community

bankers holding a large check

New Mexico’s Carlsbad National Bank donated $10K to the United Way of Eddy County's COVID-19 Emergency Relief Fund—a testament to the bank’s commitment to support their community during times of need.

More stories on Giving Back #

Source: Estimates based on ABA 2019/2020 survey data. Does not include individual employee donations.

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