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


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
  • 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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