Bank of the Southwest in Roswell, New Mexico (NM)



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Bank of the Southwest routing number info

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Bank of the Southwest
GeneralFDIC Certificate #: 2247
Status: Active
Federal Reserve ID: 499752
Bank Holding Company (Regulatory Top Holder): New Mexico National Financial Incorporated (RSSDID: 2013947, Location: Roswell, NM)
Date Established: March 18, 1930
WWW: http://www.bankofsw.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 14 (Domestic: 14, Interstate: No)
OTS Docket #: 14339
FDIC's unique #: 1494
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 226 North Main Street, Roswell, NM 88201
County: Chaves
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Albuquerque
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Core Based Statistical Area (CBSA): Roswell, NM (#40740)
CBSA Micro Statistical Area: Yes
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $156.7 mil
Equity capital: $13.5 mil
Deposits held in domestic offices: $138.0 mil
Return on assets (ROA): 1.16% ($1.8 mil)
Quarterly return on assets: 1.04% ($1.6 mil)
Return on Equity (ROE): 13.22% ($1.7 mil)
Quarterly return on equity: 11.97% ($1.6 mil)
Net income: $1.8 mil
Quarterly Net income: $0.4 mil
Pretax return on assets: 1.16% ($1,817.3 mil)
Quarterly Pretax return on assets: 1.04% ($1,629.3 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)91
Total assets$156,664
Cash and due from depository institutions$26,665
Interest-bearing balances$24,583
Securities$904
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$119,220
Loan loss allowance $1,199
Trading account assets$0
Bank premises and fixed assets$6,143
Other real estate owned$1,116
Goodwill and other intangibles$0
All other assets$2,616
Life insurance assets$156,664
Total liabilities and capital$143,204
Total liabilities$137,983
Total deposits$114,707
Interest-bearing deposits$137,983
Deposits held in domestic offices$85
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$5,139
Other borrowed funds $0
Subordinated debt $82
All other liabilities $13,460
Total equity capital$13,460
Total bank equity capital$13,460
Perpetual preferred stock$0
Common stock$990
Surplus$8,093
Undivided profits $4,377
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,098
Earning assets $833
Long-term assets (5+ years) $791
Average Assets, year-to-date $144,707
Average Assets, quarterly $34,621
Volatile liabilities $152,924
Insider loans $155,346
FHLB advances $107,225
Loans and leases held for sale $154,142
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $13,460
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $16,372
Derivatives$1,790
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $8,662
Total interest expense $670
Net interest income $7,992
Provision for loan and lease losses $102
Total noninterest income $1,075
Fiduciary activities $0
Service charges on deposit accounts $640
Trading account gains & fees $0
Additional noninterest income $435
Total noninterest expense $7,191
Salaries and employee benefits $3,734
Premises and equipment expense $1,251
Additional noninterest expense $2,206
Pre-tax net operating income $1,774
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $1,774
Extraordinary gains - net $0
Net income attributable to bank $1,774
Net charge-offs $0
Cash dividends $1,774
Sale, conversion, retirement of capital stock, net $81
Net operating income $1,700
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.19%
Cost of funding earning assets 0.48%
Net interest margin 5.71%
Noninterest income to earning assets 0.77%
Noninterest expense to earning assets 5.14%
Net operating income to assets 1.16%
Return on assets (ROA) 1.16%
Pretax return on assets 1.16%
Return on equity (ROE) 13.22%
Retained earnings to average equity (YTD only) 0.55%
Net charge-offs to loans 0.07%
Credit loss provision to net charge-offs 125.93%
Efficiency ratio23.16%
Assets per employee$79,310
Cash dividends to net income (YTD only)1.72%
Condition Ratios (%)
Loss allowance to loans 95.83%
Loss allowance to noncurrent loans 1.00%
Noncurrent assets plus other real estate owned to assets 109.20%
Noncurrent loans to loans 1.41%
Net loans and leases to deposits0.91%
Net loans and leases to core deposits 86.40%
Equity capital to assets 88.43%
Core capital (leverage) ratio 8.59%
Tier 1 risk-based capital ratio 8.73%
Total risk-based capital ratio 12.55%
Memoranda
Average assets$14
Average earning assets$152,924
Average equity $13,416
Average loans $139,949
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14 New Mexico Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
01494Bank Of The Southwest226 North Main Street, Roswell, NM 88201March 18, 1930Full Service Brick and Mortar
1192172Elephant Butte BranchHighway 195 & Warm Springs, Elephant Butte, NM 87935July 24, 1972Full Service Brick and Mortar
6192177Truth Or Consequences Branch509 Broadway, Truth Or Consequences, NM 87901April 27, 1993Full Service Brick and Mortar
712865Farmington Branch320 West Main Street, Farmington, NM 87401Febuary 03, 1964Full Service Brick and Mortar
8247104Kirtland BranchU.S. Highway 550 And County Road 61, Kirtland, NM 87417July 02, 1973Full Service Brick and Mortar
10247106Drive-Up BranchLocke And Arrington Streets, Farmington, NM 87401November 03, 1980Limited Service Facility
11192178South Branch800 West Hobbs, Roswell, NM 88202December 30, 1996Full Service Brick and Mortar
12192179Drive-Up Facility126 W. 3rd Street, Roswell, NM 88202December 10, 1992Limited Service Facility
13192180Hatch Branch121 East Hall, Suite B, Hatch, NM 87937January 25, 1999Full Service Brick and Mortar
14357873Las Cruces Branch605 N. Water Street, Las Cruces, NM 88001September 17, 1999Full Service Brick and Mortar
15364392Messenger Service226 N. Main Street, Roswell, NM 88202July 29, 2002Limited Service Messenger
17442236Farmington Country Club Branch6570 E. Main, Suite A, Farmington, NM 87402November 29, 2004Full Service Brick and Mortar
18452610North Branch - Roswell Branch3203 N. Main, Roswell, NM 88201Febuary 27, 2006Full Service Brick and Mortar
19473030Bloomfield Branch920 N. 1st Street, Bloomfield, NM 87413July 24, 2007Full Service Brick and Mortar
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