First Southwest Bank in Alamosa, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Southwest Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 79Total employees (full-time equivalent)
  • $245,809Total assets
  • $31,264Cash and due from depository institutions
  • $22,168Interest-bearing balances
  • $15,247Securities
  • $12,100Federal funds sold & reverse repurchase agreements
  • $160,462Net loans & leases
  • $5,515Loan loss allowance
  • $0Trading account assets
  • $5,385Bank premises and fixed assets
  • $8,294Other real estate owned
  • $5,228Goodwill and other intangibles
  • $245,809Life insurance assets
  • $7,829All other assets
  • $218,184Total liabilities and capital
  • $207,423Total liabilities
  • $195,953Total deposits
  • $207,423Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 6286.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,091Trading liabilities
  • $0Other borrowed funds
  • $384Subordinated debt
  • $27,625All other liabilities
  • $27,625Total equity capital
  • $27,625Total bank equity capital
  • $0Perpetual preferred stock
  • $7,000Common stock
  • $21,318Surplus
  • $-693Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $14,277Income earned, not collected on loans
  • $185Earning assets
  • $1,556Long-term assets (5+ years)
  • $209,977Average Assets, year-to-date
  • $50,521Average Assets, quarterly
  • $240,540Volatile liabilities
  • $241,607Insider loans
  • $172,666FHLB advances
  • $231,373Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $22,397Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $42,928Restructured Loans and leases
  • $206Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,283Total interest income
  • $2,366Total interest expense
  • $8,917Net interest income
  • $1,497Provision for loan and lease losses
  • $605Total noninterest income
  • $0Fiduciary activities
  • $594Service charges on deposit accounts
  • $0Trading account gains & fees
  • $11Additional noninterest income
  • $8,260Total noninterest expense
  • $3,885Salaries and employee benefits
  • $1,221Premises and equipment expense
  • $3,154Additional noninterest expense
  • -$235Pre-tax net operating income
  • $0Securities gains (losses)
  • -$89Applicable income taxes
  • -$146Income before extraordinary items
  • $0Extraordinary gains - net
  • -$146Net income attributable to bank
  • $0Net charge-offs
  • -$146Cash dividends
  • $1,603Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.45%Yield on earning assets
  • 1.14%Cost of funding earning assets
  • 4.30%Net interest margin
  • 0.29%Noninterest income to earning assets
  • 3.99%Noninterest expense to earning assets
  • -0.06%Net operating income to assets
  • -0.06%Return on assets (ROA)
  • -0.10%Pretax return on assets
  • -0.53%Return on equity (ROE)
  • -0.53%Retained earnings to average equity (YTD only)
  • 0.93%Net charge-offs to loans
  • 93.39%Credit loss provision to net charge-offs
  • 0.79%Efficiency ratio
  • 83,659Assets per employee
  • 3.11%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.32%Loss allowance to noncurrent loans
  • 38.63%Noncurrent assets plus other real estate owned to assets
  • 9.18%Noncurrent loans to loans
  • 8.60%Net loans and leases to deposits
  • 77.36%Net loans and leases to core deposits
  • 85.06%Equity capital to assets
  • 11.24%Core capital (leverage) ratio
  • 9.68%Tier 1 risk-based capital ratio
  • 12.97%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $240,540Average earning assets
  • $27,345Average equity
  • $207,153Average loans

List of branches

  • 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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