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Distressed Note Industry
New Mexico Construction & Development
Analyzing construction & development loan performance across 76 New Mexico banks
As of Q2 2025, 76 New Mexico banks report construction & development portfolios totaling $1.8B. Non-performing loans in this category total $13.2M — an average NPL ratio of 0.74% — with $7.8M 30-89 days delinquent, $3.2M 90+ days delinquent, and $10.0M in nonaccrual status. The most distressed lender in this category is CITIZENS BANK, THE (NM) with an NPL ratio of 10.09%.
Total Lenders
76
Total Loan Portfolio
$1.8B
Total NPL
$13.2M
Average NPL %
0.74%
Delinquency Breakdown
30-89 Days
$7.8M
90+ Days
$3.2M
Nonaccrual
$10.0M
Charge-offs
$820K
Banks by NPL Ratio
Distribution of banks by non-performing loan ratio
Top Distressed Banks - Construction & Development in New Mexico
Highest NPL %| Bank Name | State | Portfolio | NPL | NPL % |
|---|---|---|---|---|
| CITIZENS BANK, THE | NM | $25.2M | $2.5M | 10.09% |
| CITIZENS BANK, THE | NM | $27.5M | $2.5M | 9.24% |
| FIRST NATIONAL BANK | NM | $14.6M | $949K | 6.51% |
| FIRST NATIONAL BANK | NM | $19.6M | $949K | 4.85% |
| VALLEY BANK OF COMMERCE | NM | $9.0M | $258K | 2.87% |
| VALLEY BANK OF COMMERCE | NM | $9.0M | $258K | 2.87% |
| CENTURY BANK | NM | $51.6M | $1.1M | 2.16% |
| PIONEER BANK | NM | $84.8M | $1.6M | 1.89% |
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