First Community Bank
Taos, NM · Owner: First State Bcorp
$2.2B
total assets, December 31, 2010
$2.2B
total assets, December 31, 2010
First Community Bank was a state member bank in Taos, NM, owned by First State Bcorp. It failed on Jan 28, 2011, and U.s. Bank, National Association took over its deposits. At its last report it held $2.2 billion in assets.
Updated Oct 11, 2026 · numbers as of December 31, 2010
This bank failed
- Failed on
- Jan 28, 2011
- Assets
- $2.2B
- Deposits
- $1.8B
- Estimated cost
- $231M
- Deposits went to
- U.s. Bank, National Association, Minneapolis, MN
Total assets
$2.2B
-20.2% in a year · -5.4% in a quarter
Deposits
$1.8B
-9.2% in a year · -5.0% in a quarter
Loans
$1.5B
-23.8% in a year · -5.9% in a quarter
Profit so far
-$115M
Jan 1 to Dec 31, 2010
Capital ratio
1.19%
-3.76 pts in a year
Return on assets
-4.51%
-1.04 pts in a year
Facts
- Type
- State member bank
- Head office
- 120 West Plaza, Taos, NM, 87571
- County
- Taos
- Holding company
- First State Bcorp
- Established
- Jan 1, 1922
- Failed
- Jan 28, 2011
- Employees
- 479
- Branches
- 38 in 2 states
- Id
- b12261
Quarter by quarter
March 31, 1984 to December 31, 2010
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is First Community Bank?
$2.2 billion in total assets and $1.8 billion in deposits as of December 31, 2010, with assets down 20.2% from a year before. Its loans were $1.5 billion.
How many branches does First Community Bank have?
38 branches in 2 states as of June 30, 2026.
Is First Community Bank profitable?
No: it lost $114.6 million from January 1 to December 31, 2010. Its return on assets was -4.51% a year; about 1% is typical.
Who owns First Community Bank?
First Community Bank is owned by First State Bcorp, its holding company.
When did First Community Bank fail?
Jan 28, 2011. U.s. Bank, National Association of Minneapolis, MN took over its deposits. The estimated cost of the failure was $230.7 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.