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)
  • Show street view No street view available for this location

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

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Bank of the Southwest of Dallas.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents