Bank of the Southwest in Roswell, New Mexico (NM)
Overview, Financial Summary, Detailed Financial Reports, Branches


Bank of the Southwest - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 91Total employees (full-time equivalent)
  • $156,664Total assets
  • $26,665Cash and due from depository institutions
  • $24,583Interest-bearing balances
  • $904Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $119,220Net loans & leases
  • $1,199Loan loss allowance
  • $0Trading account assets
  • $6,143Bank premises and fixed assets
  • $1,116Other real estate owned
  • $0Goodwill and other intangibles
  • $156,664Life insurance assets
  • $2,616All other assets
  • $143,204Total liabilities and capital
  • $137,983Total liabilities
  • $114,707Total deposits
  • $137,983Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,139Trading liabilities
  • $0Other borrowed funds
  • $82Subordinated debt
  • $13,460All other liabilities
  • $13,460Total equity capital
  • $13,460Total bank equity capital
  • $0Perpetual preferred stock
  • $990Common stock
  • $8,093Surplus
  • $4,377Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,098Income earned, not collected on loans
  • $833Earning assets
  • $791Long-term assets (5+ years)
  • $144,707Average Assets, year-to-date
  • $34,621Average Assets, quarterly
  • $152,924Volatile liabilities
  • $155,346Insider loans
  • $107,225FHLB advances
  • $154,142Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $13,460Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $16,372Restructured Loans and leases
  • $1,790Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,662Total interest income
  • $670Total interest expense
  • $7,992Net interest income
  • $102Provision for loan and lease losses
  • $1,075Total noninterest income
  • $0Fiduciary activities
  • $640Service charges on deposit accounts
  • $0Trading account gains & fees
  • $435Additional noninterest income
  • $7,191Total noninterest expense
  • $3,734Salaries and employee benefits
  • $1,251Premises and equipment expense
  • $2,206Additional noninterest expense
  • $1,774Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $1,774Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,774Net income attributable to bank
  • $0Net charge-offs
  • $1,774Cash dividends
  • $81Sale, conversion, retirement of capital stock, net
  • $1,700Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.19%Yield on earning assets
  • 0.48%Cost of funding earning assets
  • 5.71%Net interest margin
  • 0.77%Noninterest income to earning assets
  • 5.14%Noninterest expense to earning assets
  • 1.16%Net operating income to assets
  • 1.16%Return on assets (ROA)
  • 1.16%Pretax return on assets
  • 13.22%Return on equity (ROE)
  • 0.55%Retained earnings to average equity (YTD only)
  • 0.07%Net charge-offs to loans
  • 125.93%Credit loss provision to net charge-offs
  • 23.16%Efficiency ratio
  • 79,310Assets per employee
  • 1.72%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 95.83%Loss allowance to loans
  • 1.00%Loss allowance to noncurrent loans
  • 109.20%Noncurrent assets plus other real estate owned to assets
  • 1.41%Noncurrent loans to loans
  • 0.91%Net loans and leases to deposits
  • 86.40%Net loans and leases to core deposits
  • 88.43%Equity capital to assets
  • 8.59%Core capital (leverage) ratio
  • 8.73%Tier 1 risk-based capital ratio
  • 12.55%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $152,924Average earning assets
  • $13,416Average equity
  • $139,949Average loans

List of branches

  • 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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