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 6,000 people with a rewarding place to work.

Find State-by-State Data #
New Mexico map icon


  • 6,355Employees

  • $467.0 MTotal Annual Compensation & Benefits

  • $73,492Average Total Compensation & Benefits

  • 34 Banks Headquartered in State

Source: FDIC branch deposit data (2021 Q2), FDIC Call Report 2Q2021, 2021 BLS/US Census Quarterly Census of Employment and Wages (QCEW) for Credit Intermediation and Related Activities, and ABA Analysis



  • $5.2 BNew Home Loans Booked in 2021

  • 19,898Number of New Home Loans in 2021

  • $205,000Median New Home Loan Size in 2021

  • $1.9 BSmall Business Loans

  • 137.6 KNumber of Small Business Loans

  • $13,899Average Small Business Loan

  • $651.1 MSmall Farm Loans

  • 15,517Number of Small Farm Loans

  • $38,890Average Small Farm Loan

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: CFPB HMDA data, year-end 2021; FDIC Call Report 2Q2021 and Year-End 2021; 2021 USDA Quarterly Farm data and USDA/Census Data from 2017 State of Ag Survey; 2021 SBA/Census Data and ABA analysis



  • 2.5 MCustomers

  • $42.7 BDeposits

  • 56Banks Operating Branches

  • 425Branches & Offices

  • 126Branches 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.

Sources: Estimates based on ABA 2020/2021 survey data; FDIC Summary of Deposit (SOD) 2021Q2 Data; Cities for Financial Empowerment Fund

Giving Back

Giving Back

  • 49.1 KVolunteer Hours

  • $41.0 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