America's Banks
Jump to Content

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 #
New Mexico map icon
Jobs

Jobs

  • 8,274Employees

  • $838.5 MTotal Annual Compensation & Benefits

  • $101,347Average Total Compensation & Benefits

  • 32Banks Headquartered in State

Source: FDIC branch deposit data (2020), estimates based on ABA 2020/2021 survey data

Lending

Lending

  • $5.1 BNew Home Loans Booked in 2020

  • 20,855Number of New Home Loans in 2020

  • $205,000Median New Home Loan Size in 2020

  • $2.1 Bin Paycheck Protection Program (PPP) Loans Facilitated

  • 19,155PPP Loans

  • $30,508Median PPP Loan

  • 257.7 KJobs Supported by PPP

Branches Band Together

At the onset of the COVID-19 pandemic, all Four Corners Community Bank branches acted as economic first responders for residents and small businesses in the area. Through their hard work and attention to the Paycheck Protection Program, they were able to provide more than $100 million to local, small businesses—saving more than 8,000 jobs and counting. These bankers stepped up, and showed the strength, spirit and drive to become community heroes.

Source: Estimates based on ABA 2020/2021 survey data, HMDA, SBA PPP Loans

Customers

Customers

  • 1.8 MCustomers

  • $39 BDeposits

  • 56Banks Operating Branches

  • 448Branches & Offices

  • 131Branches Offering Low Fee Bank On-certified Accounts

Big Town Service, Small Town Attention

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 2020/2021 survey data, FDIC branch deposit data, CFE Fund and S&P Global Market Intelligence

Giving Back

Giving Back

  • 49.1 KVolunteer Hours

  • $41 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 2020/2021 survey data

Submit your bank's story

Submit your story