Southwest Bank in city_name, state_name - Detailed Financial Reports, Location

Southwest Bank in Odessa, Texas (TX)
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Southwest Bank - Overview

General
FDIC 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
Location
Address: 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 Changes
Change in Geographic Region/Area/Territory/Field Office
Financial Summary
Total 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
73Total employees (full-time equivalent)
$221,115Total assets
$34,560Cash and due from depository institutions
$27,243Interest-bearing balances
$48,447Securities
$0Federal funds sold & reverse repurchase agreements
$125,480Net loans & leases
$1,804Loan loss allowance
$0Trading account assets
$6,497Bank premises and fixed assets
$0Other real estate owned
$157Goodwill and other intangibles
$221,115Life insurance assets
$5,974All other assets
$203,088Total liabilities and capital
$202,160Total liabilities
$105,046Total deposits
$202,160Interest-bearing deposits
$87Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$928Subordinated debt
$18,027All other liabilities
$18,027Total equity capital
$18,027Total bank equity capital
$0Perpetual preferred stock
$2,042Common stock
$11,765Surplus
$4,220Undivided profits
Memoranda
$0Noncurrent loans and leases
$3,389Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$386Income earned, not collected on loans
$212Earning assets
$738Long-term assets (5+ years)
$201,170Average Assets, year-to-date
$43,558Average Assets, quarterly
$204,796Volatile liabilities
$218,281Insider loans
$153,688FHLB advances
$221,943Loans and leases held for sale
$4,182Unused loan commitments
$0Tier 1 (core) risk-based capital
$17,133Tier 2 risk-based capital
$0Total risk weighted assets
$4,182Total unused commitments
$28,989Restructured Loans and leases
$3,183Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$8,889Total interest income
$446Total interest expense
$8,443Net interest income
$333Provision for loan and lease losses
$3,046Total noninterest income
$852Fiduciary activities
$629Service charges on deposit accounts
$0Trading account gains & fees
$1,565Additional noninterest income
$7,841Total noninterest expense
$4,821Salaries and employee benefits
$846Premises and equipment expense
$2,174Additional noninterest expense
$3,315Pre-tax net operating income
$32Securities gains (losses)
$0Applicable income taxes
$3,347Income before extraordinary items
$0Extraordinary gains - net
$3,347Net income attributable to bank
$0Net charge-offs
$3,347Cash dividends
$98Sale, conversion, retirement of capital stock, net
$2,381Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.78%Yield on earning assets
0.24%Cost of funding earning assets
4.54%Net interest margin
1.64%Noninterest income to earning assets
4.21%Noninterest expense to earning assets
1.62%Net operating income to assets
1.63%Return on assets (ROA)
1.63%Pretax return on assets
19.51%Return on equity (ROE)
5.63%Retained earnings to average equity (YTD only)
0.08%Net charge-offs to loans
339.80%Credit loss provision to net charge-offs
37.22%Efficiency ratio
67,839Assets per employee
3.03%Cash dividends to net income (YTD only)
Condition Ratios (%)
71.14%Loss allowance to loans
1.42%Loss allowance to noncurrent loans
467.36%Noncurrent assets plus other real estate owned to assets
0.17%Noncurrent loans to loans
0.30%Net loans and leases to deposits
62.07%Net loans and leases to core deposits
64.03%Equity capital to assets
8.15%Core capital (leverage) ratio
7.72%Tier 1 risk-based capital ratio
11.15%Total risk-based capital ratio
Memoranda
$12Average assets
$204,796Average earning assets
$17,152Average equity
$186,125Average loans

Total Fiduciary and Related Assets (December 31, 2011)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$109,128Managed Assets
1Number of Accounts
$75,989Personal trust and agency accounts
$45,071Employee benefit-defined contribution accounts
$7,347Employee benefit-defined benefit accounts
$0Other retirement accounts
$255Corporate trust and agency accounts
$0Investment management agency accounts
$21,265Other fiduciary accounts
$2,051Fiduciary accounts held in foreign offices
$0Non-managed Assets
175Number of Accounts
$0Personal trust and agency accounts
$255Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$33,139Other retirement accounts
$1,446Corporate trust and agency accounts
$16,359Other fiduciary accounts
$11,458Fiduciary accounts held in foreign offices

List of branches

5 Texas Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	10786	Southwest Bank	4800 East 42nd Street, Odessa, TX 79762	December 15, 1947	Full Service Brick and Mortar
1	357857	South West Convenience Center	5201 John Shepperd Parkway, Odessa, TX 79762	March 13, 2000	Full Service Brick and Mortar
2	360761	Winkler Branch	Henderson Blvd., Wink, TX 79789	January 29, 1999	Full Service Brick and Mortar
3	429353	Odessa Downtown Branch	600 West 8th St., Odessa, TX 79761	July 01, 2003	Full Service Brick and Mortar
5	491077	Lubbock Branch	10115 Quaker, Lubbock, TX 79424	June 01, 2009	Full Service Brick and Mortar

Southwest Bank in Odessa, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

Southwest Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

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

Southwest Bank in Odessa, Texas (TX)Overview, Financial Summary, Detailed Financial Reports, Branches

Southwest Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

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

Southwest Bank in Odessa, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches