Southwest Bank in Odessa, Texas (TX)



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Southwest Bank routing number info

Table of contents:
Southwest Bank
GeneralFDIC Certificate #: 16652
Status: Active
Federal Reserve ID: 561864
Date Established: December 15, 1947
WWW: http://www.southwbank.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Domestic: 5, Interstate: No)
FDIC's unique #: 10786
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: December 15, 1957
Last Structure Change Effective Date: March 01, 2008
Last Structure Change Process Date: March 11, 2008
Last Data Update: March 11, 2008
Data Source Date: April 05, 2012
LocationAddress: 4800 East 42nd Street, Odessa, TX 79762
County: Ector
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Lubbock
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): Odessa-Midland, TX (#5800)
Combined Statistical Area (CSA): Midland-Odessa, TX (#372)
Core Based Statistical Area (CBSA): Odessa, TX (#36220)
CBSA Metro Statistical Area: Odessa, TX (#36220)
History of ChangesChange in Geographic Region/Area/Territory/Field Office
Financial SummaryTotal assets: $221.1 mil
Equity capital: $18.0 mil
Deposits held in domestic offices: $202.2 mil
Return on assets (ROA): 1.63% ($3.6 mil)
Quarterly return on assets: 1.64% ($3.6 mil)
Return on Equity (ROE): 19.51% ($3.5 mil)
Quarterly return on equity: 19.90% ($3.6 mil)
Net income: $3.3 mil
Quarterly Net income: $0.9 mil
Pretax return on assets: 1.63% ($3,604.2 mil)
Quarterly Pretax return on assets: 1.64% ($3,626.3 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)
Total employees (full-time equivalent)73
Total assets$221,115
Cash and due from depository institutions$34,560
Interest-bearing balances$27,243
Securities$48,447
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$125,480
Loan loss allowance $1,804
Trading account assets$0
Bank premises and fixed assets$6,497
Other real estate owned$0
Goodwill and other intangibles$157
All other assets$5,974
Life insurance assets$221,115
Total liabilities and capital$203,088
Total liabilities$202,160
Total deposits$105,046
Interest-bearing deposits$202,160
Deposits held in domestic offices$87
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $928
All other liabilities $18,027
Total equity capital$18,027
Total bank equity capital$18,027
Perpetual preferred stock$0
Common stock$2,042
Surplus$11,765
Undivided profits $4,220
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $3,389
Income earned, not collected on loans $386
Earning assets $212
Long-term assets (5+ years) $738
Average Assets, year-to-date $201,170
Average Assets, quarterly $43,558
Volatile liabilities $204,796
Insider loans $218,281
FHLB advances $153,688
Loans and leases held for sale $221,943
Unused loan commitments $4,182
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $17,133
Total risk weighted assets $0
Total unused commitments $4,182
Restructured Loans and leases $28,989
Derivatives$3,183
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $8,889
Total interest expense $446
Net interest income $8,443
Provision for loan and lease losses $333
Total noninterest income $3,046
Fiduciary activities $852
Service charges on deposit accounts $629
Trading account gains & fees $0
Additional noninterest income $1,565
Total noninterest expense $7,841
Salaries and employee benefits $4,821
Premises and equipment expense $846
Additional noninterest expense $2,174
Pre-tax net operating income $3,315
Securities gains (losses) $32
Applicable income taxes $0
Income before extraordinary items $3,347
Extraordinary gains - net $0
Net income attributable to bank $3,347
Net charge-offs $0
Cash dividends $3,347
Sale, conversion, retirement of capital stock, net $98
Net operating income $2,381
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.78%
Cost of funding earning assets 0.24%
Net interest margin 4.54%
Noninterest income to earning assets 1.64%
Noninterest expense to earning assets 4.21%
Net operating income to assets 1.62%
Return on assets (ROA) 1.63%
Pretax return on assets 1.63%
Return on equity (ROE) 19.51%
Retained earnings to average equity (YTD only) 5.63%
Net charge-offs to loans 0.08%
Credit loss provision to net charge-offs 339.80%
Efficiency ratio37.22%
Assets per employee$67,839
Cash dividends to net income (YTD only)3.03%
Condition Ratios (%)
Loss allowance to loans 71.14%
Loss allowance to noncurrent loans 1.42%
Noncurrent assets plus other real estate owned to assets 467.36%
Noncurrent loans to loans 0.17%
Net loans and leases to deposits0.30%
Net loans and leases to core deposits 62.07%
Equity capital to assets 64.03%
Core capital (leverage) ratio 8.15%
Tier 1 risk-based capital ratio 7.72%
Total risk-based capital ratio 11.15%
Memoranda
Average assets$12
Average earning assets$204,796
Average equity $17,152
Average loans $186,125
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$109,128
Number of Accounts1
Personal trust and agency accounts$75,989
Employee benefit-defined contribution accounts$45,071
Employee benefit-defined benefit accounts$7,347
Other retirement accounts$0
Corporate trust and agency accounts$255
Investment management agency accounts$0
Other fiduciary accounts$21,265
Fiduciary accounts held in foreign offices$2,051
Non-managed Assets$0
Number of Accounts175
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$255
Employee benefit-defined benefit accounts$0
Other retirement accounts$33,139
Corporate trust and agency accounts$1,446
Other fiduciary accounts$16,359
Fiduciary accounts held in foreign offices$11,458
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5 Texas Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
010786Southwest Bank4800 East 42nd Street, Odessa, TX 79762December 15, 1947Full Service Brick and Mortar
1357857South West Convenience Center5201 John Shepperd Parkway, Odessa, TX 79762March 13, 2000Full Service Brick and Mortar
2360761Winkler BranchHenderson Blvd., Wink, TX 79789January 29, 1999Full Service Brick and Mortar
3429353Odessa Downtown Branch600 West 8th St., Odessa, TX 79761July 01, 2003Full Service Brick and Mortar
5491077Lubbock Branch10115 Quaker, Lubbock, TX 79424June 01, 2009Full Service Brick and Mortar
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