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Overview / Commentary
719-587-4200
720 Main Street
Alamosa, CO 81101

1st SouthWest Bank is headquartered in Alamosa and is the 34th largest bank in the state of Colorado. It is also the 2,644th largest bank in the nation. It was established in 2004 and as of December of 2013, it had grown to 78 employees at 7 locations. 1st SouthWest Bank has a C+ health rating.

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Health

Data for Q4 2013

Institution Health

C+

Texas Ratio

GRADE:
C

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 1st SouthWest Bank had $11.68 million in non-current loans and owned real-estate with $29.74 million in equity and loan loss allowances on hand to cover it. This gives 1st SouthWest Bank a Texas Ratio of 39.26% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for 1st SouthWest Bank experienced no significant changes from 41.12% as of December 31, 2012 to 39.26% as of December 31, 2013, resulting in a positive change of 4.51%.This indicates that the balance sheet and financial strength for 1st SouthWest Bank has had no significant changes in recent periods.

Deposit Growth

GRADE:
C

In the past year, 1st SouthWest Bank has decreased its total deposits by -$3.68 million, resulting in -1.76% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth 1st SouthWest Bank has shown is average.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. 1st SouthWest Bank has $239.27 million in assets with $29.74 million in equity, resulting in a capitalization level of 12.43%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #57741
Year Established2004
Employees78
Primary RegulatorFDIC
Assets and Liabilities
Assets$239.27 million
Loans$154.74 million
Deposits$205.47 million
Equity Capital$27.26 million
Loan Loss Allowance$2.48 million
Unbacked Noncurrent Loans$4.06 million
Real Estate Owned$7.62 million
Historic Data - December 2012
Assets$240.35 million
Equity Capital$26.51 million
Loan Loss Allowance$3.22 million
Unbacked Noncurrent Loans$4.06 million
Real Estate Owned$5.99 million
Profit Margin - Quarterly
Net Interest Margin4.35%
Return on Assets0.41%
Return on Equity3.62%
Interest Income$9.98 million
Rates

Always verify rates and promotions with the bank or credit union. We are not 1st SouthWest Bank, we are a rate comparison website and can not provide official rates or promotions.

1st SouthWest Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.35%--IRA Savings Account
0.30%--Business Savings
0.30%$100k-Savings Plus
0.30%-$5kEagle Youth Account
0.20%--Health Savings Account
0.20%$2,500-Youth Savings Account
0.15%--Regular Savings Account
0.10%--Business Public Funds
0.10%--Sweep Account

1st SouthWest Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$250k-Personal Money Market
0.30%$250k-Business Money Market Account

1st SouthWest Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.45%$10k-Investment Checking with Interest
0.30%$100k-Business Checking with Interest
0.25%$200k-Checking Plus
0.15%-$25kEagle Checking
0.10%--Checking with Interest

1st SouthWest Bank CD Rates

DetailsAPYMINMAXPRODUCT
0.60%$1k-36 Month CD
0.60%$1k-48 Month CD
0.45%$1k-24 Month CD
0.40%$1k-18 Month CD
0.35%$1k-60 Month CD
0.25%$1k-12 Month CD
0.20%$1k-9 Month CD
0.15%$1k-6 Month CD
0.10%$1k-1 Month CD
0.10%$1k-4 Month CD

1st SouthWest Bank IRA Rates

DetailsAPYMINMAXPRODUCT
0.75%--48 Month IRA
0.75%--60 Month IRA
0.60%--36 Month IRA
0.45%--24 Month IRA
0.35%--12 Month IRA
Locations


1st SouthWest Bank Locations
Cortez Branch1510 East Main StreetCortez, CO 81321
Center Branch2060 East Highway 112Center, CO 81125
Navajo Trail Drive Branch249 Navajo Trail DrivePagosa Springs, CO 81147
Alamosa Walmart Branch3333 Clark StreetAlamosa, CO 81101
The Saguache Facility400 FourthSaguache, CO 81149
Durango Branch679 East 2nd AvenueDurango, CO 81301
First Southwest Bank720 Main StreetAlamosa, CO 81101