Bank of the Southwest of Dallas in Dallas, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 02, 2003

  • Bank of the Southwest of Dallas in Dallas, Texas (TX)
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Bank of the Southwest of Dallas - Overview

  • General
  • FDIC Certificate #: 19258
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Prosperity Bank (#16835)
    Federal Reserve ID: 548753
    Date Established: October 14, 1964
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    OTS Docket #: 11116
    FDIC's unique #: 13073
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: October 14, 1964
    Last Structure Change Effective Date: January 02, 2003
    Last Structure Change Process Date: March 05, 2003
    Last Data Update: March 05, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: 2415 South Westmoreland Road, Dallas, TX 75211
    County: Dallas
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Dallas
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Dallas, TX (#1920)
    Consolidated Metropolitan Statistical Area (CMSA): Dallas-Fort Worth, TX (#31)
    Combined Statistical Area (CSA): Dallas-Fort Worth, TX (#206)
    Core Based Statistical Area (CBSA): Dallas-Fort Worth-Arlington, TX (#19100)
    CBSA Metro Statistical Area: Dallas-Fort Worth-Arlington, TX (#19100)
    Core Based Statistical Division: Dallas-Plano-Irving, TX (#19124)
  • Financial Summary
  • Total assets: $121.7 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, 2002)

  • Dollar figures in thousands
  • 44Total employees (full-time equivalent)
  • $121,679Total assets
  • $8,979Cash and due from depository institutions
  • $10Interest-bearing balances
  • $14,990Securities
  • $32,300Federal funds sold & reverse repurchase agreements
  • $56,141Net loans & leases
  • $670Loan loss allowance
  • $0Trading account assets
  • $2,423Bank premises and fixed assets
  • $0Other real estate owned
  • $5,676Goodwill and other intangibles
  • $0Life insurance assets
  • $1,170All other assets
  • $121,679Total liabilities and capital
  • $107,120Total liabilities
  • $106,872Total deposits
  • $86,377Interest-bearing deposits
  • $106,872Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $248All other liabilities
  • $14,559Total equity capital
  • $14,559Total bank equity capital
  • $14,559Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $13,222Undivided profits
  • Memoranda
  • $337Noncurrent loans and leases
  • $13,348Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,067Earning assets
  • $0Long-term assets (5+ years)
  • $411Average Assets, year-to-date
  • $103,441Average Assets, quarterly
  • $19,012Volatile liabilities
  • $124,928Insider loans
  • $121,773FHLB advances
  • $16,559Loans and leases held for sale
  • $23Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $13,348Total unused commitments
  • $0Restructured Loans and leases
  • $670Derivatives

Income and Expense (December 31, 2002)

  • Dollar figures in thousands
  • $6,324Total interest income
  • $2,169Total interest expense
  • $4,155Net interest income
  • $120Provision for loan and lease losses
  • $1,284Total noninterest income
  • $0Fiduciary activities
  • $1,160Service charges on deposit accounts
  • $0Trading account gains & fees
  • $124Additional noninterest income
  • $3,892Total noninterest expense
  • $2,161Salaries and employee benefits
  • $592Premises and equipment expense
  • $1,139Additional noninterest expense
  • $1,427Pre-tax net operating income
  • $0Securities gains (losses)
  • $519Applicable income taxes
  • $908Income before extraordinary items
  • $0Extraordinary gains - net
  • $908Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $338Sale, conversion, retirement of capital stock, net
  • $7,595Net operating income

Performance and Condition Ratios (December 31, 2002)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.63%Yield on earning assets
  • 1.93%Cost of funding earning assets
  • 3.70%Net interest margin
  • 1.14%Noninterest income to earning assets
  • 3.47%Noninterest expense to earning assets
  • 0.73%Net operating income to assets
  • 0.73%Return on assets (ROA)
  • 1.14%Pretax return on assets
  • 6.51%Return on equity (ROE)
  • -47.94%Retained earnings to average equity (YTD only)
  • 0.60%Net charge-offs to loans
  • 35.50%Credit loss provision to net charge-offs
  • 4.58%Efficiency ratio
  • 71,245Assets per employee
  • 2.77%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 836.45%Loss allowance to loans
  • 1.18%Loss allowance to noncurrent loans
  • 62.79%Noncurrent assets plus other real estate owned to assets
  • 0.88%Noncurrent loans to loans
  • 1.88%Net loans and leases to deposits
  • 52.53%Net loans and leases to core deposits
  • 62.16%Equity capital to assets
  • 11.97%Core capital (leverage) ratio
  • 7.62%Tier 1 risk-based capital ratio
  • 14.08%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $124,928Average earning assets
  • $13,949Average equity
  • $112,257Average loans

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