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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 2,641st largest bank in the nation. It was established in 2004 and as of March of 2014, it had grown to 80 employees at 7 locations. 1st SouthWest Bank has a B health rating.

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 1st SouthWest Bank had $10.65 million in non-current loans and owned real-estate with $29.6 million in equity and loan loss allowances on hand to cover it. This gives 1st SouthWest Bank a Texas Ratio of 35.98% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for 1st SouthWest Bank experienced no significant changes from 37.42% as of March 31, 2013 to 35.98% as of March 31, 2014, resulting in a positive change of 3.83%.This indicates that the balance sheet and financial strength for 1st SouthWest Bank has had no significant changes in recent periods.

Deposit Growth


In the past year, 1st SouthWest Bank has increased its total deposits by $461,000, resulting in 0.22% 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 above average.



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 $241.03 million in assets with $29.6 million in equity, resulting in a capitalization level of 12.28%, which is excellent.

Institution Statistics

FDIC Certificate #57741
Year Established2004
Primary RegulatorFDIC
Assets and Liabilities
Assets$241.03 million
Loans$152.51 million
Deposits$209.22 million
Equity Capital$27.20 million
Loan Loss Allowance$2.40 million
Unbacked Noncurrent Loans$1.29 million
Real Estate Owned$9.36 million
Historic Data - March 2013
Assets$239.83 million
Equity Capital$27.70 million
Loan Loss Allowance$2.68 million
Unbacked Noncurrent Loans$1.29 million
Real Estate Owned$5.69 million
Profit Margin - Quarterly
Return on Assets-0.95%
Return on Equity-8.34%
Interest Income$2.40 million

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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