First Southwest Bank in Alamosa, Colorado (CO)

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First Southwest Bank
GeneralFDIC Certificate #: 57741
Status: Active
Federal Reserve ID: 3224302
Bank Holding Company (Regulatory Top Holder): First Southwest Bancorporation, Inc. (RSSDID: 3228681, Location: Alamosa, CO)
Date Established: July 09, 2004
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 8 (Domestic: 8, Interstate: No)
FDIC's unique #: 423296
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Agricultural lending institution: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: July 09, 2004
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: 720 Main Street, Alamosa, CO 81101
County: Alamosa
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Denver
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $245.8 mil
Equity capital: $27.6 mil
Deposits held in domestic offices: $207.4 mil
Return on assets (ROA): -0.06% (-$0.1 mil)
Quarterly return on assets: -0.17% (-$0.4 mil)
Return on Equity (ROE): -0.53% (-$0.1 mil)
Quarterly return on equity: -1.46% (-$0.4 mil)
Net income: -$0.1 mil
Quarterly Net income: -$0.1 mil
Pretax return on assets: -0.10% (-$245.8 mil)
Quarterly Pretax return on assets: 0.30% ($737.4 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)79
Total assets$245,809
Cash and due from depository institutions$31,264
Interest-bearing balances$22,168
Federal funds sold & reverse repurchase agreements$12,100
Net loans & leases$160,462
Loan loss allowance $5,515
Trading account assets$0
Bank premises and fixed assets$5,385
Other real estate owned$8,294
Goodwill and other intangibles$5,228
All other assets$7,829
Life insurance assets$245,809
Total liabilities and capital$218,184
Total liabilities$207,423
Total deposits$195,953
Interest-bearing deposits$207,423
Deposits held in domestic offices$89
% insured (estimated)6286.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$4,091
Other borrowed funds $0
Subordinated debt $384
All other liabilities $27,625
Total equity capital$27,625
Total bank equity capital$27,625
Perpetual preferred stock$0
Common stock$7,000
Undivided profits $-693
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 $14,277
Earning assets $185
Long-term assets (5+ years) $1,556
Average Assets, year-to-date $209,977
Average Assets, quarterly $50,521
Volatile liabilities $240,540
Insider loans $241,607
FHLB advances $172,666
Loans and leases held for sale $231,373
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $22,397
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $42,928
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $11,283
Total interest expense $2,366
Net interest income $8,917
Provision for loan and lease losses $1,497
Total noninterest income $605
Fiduciary activities $0
Service charges on deposit accounts $594
Trading account gains & fees $0
Additional noninterest income $11
Total noninterest expense $8,260
Salaries and employee benefits $3,885
Premises and equipment expense $1,221
Additional noninterest expense $3,154
Pre-tax net operating income -$235
Securities gains (losses) $0
Applicable income taxes -$89
Income before extraordinary items -$146
Extraordinary gains - net $0
Net income attributable to bank -$146
Net charge-offs $0
Cash dividends -$146
Sale, conversion, retirement of capital stock, net $1,603
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.45%
Cost of funding earning assets 1.14%
Net interest margin 4.30%
Noninterest income to earning assets 0.29%
Noninterest expense to earning assets 3.99%
Net operating income to assets -0.06%
Return on assets (ROA) -0.06%
Pretax return on assets -0.10%
Return on equity (ROE) -0.53%
Retained earnings to average equity (YTD only) -0.53%
Net charge-offs to loans 0.93%
Credit loss provision to net charge-offs 93.39%
Efficiency ratio0.79%
Assets per employee$83,659
Cash dividends to net income (YTD only)3.11%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 3.32%
Noncurrent assets plus other real estate owned to assets 38.63%
Noncurrent loans to loans 9.18%
Net loans and leases to deposits8.60%
Net loans and leases to core deposits 77.36%
Equity capital to assets 85.06%
Core capital (leverage) ratio 11.24%
Tier 1 risk-based capital ratio 9.68%
Total risk-based capital ratio 12.97%
Average assets$14
Average earning assets$240,540
Average equity $27,345
Average loans $207,153
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8 Colorado Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0423296First Southwest Bank720 Main Street, Alamosa, CO 81101July 09, 2004Full Service Brick and Mortar
1195935Center Branch2060 East Highway 112, Center, CO 81125May 04, 1994Full Service Brick and Mortar
2195956The Saguache Facility400 Fourth, Saguache, CO 81149June 20, 1977Full Service Brick and Mortar
4195942Del Norte Branch555 Cedar Street, Del Norte, CO 81132May 21, 1999Full Service Brick and Mortar
5361060Alamosa Walmart Branch3333 Clark Street, Alamosa, CO 81101April 18, 2001Full Service Retail
6450365Durango Branch679 East 2nd Avenue, Durango, CO 81301March 20, 2006Full Service Brick and Mortar
7463535Cortez Branch1510 East Main Street, Cortez, CO 81321June 07, 2007Full Service Brick and Mortar
8463717Navajo Trail Drive Branch249 Navajo Trail Drive, Pagosa Springs, CO 81147April 09, 2007Full Service Brick and Mortar
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