2.5 star ratingAverage User Rating:
2.5 star rating based on 3 reviews.

Bank of the Southwest

Bank of the Southwest Locations
226 North Main Street
Roswell, NM 88201
(575) 625-1122
www.bankofsw.com

FDIC

Bank of the Southwest is headquartered in Roswell and is the 29th largest bank in the state of New Mexico. It is also the 3,723rd largest bank in the nation. It was established in 1930 and as of December of 2012, it had grown to 88 employees at 14 locations. Bank of the Southwest has a 4-star health rating.

Bank of the Southwest Routing Number: 112206297

Related Posts

5.12% Reward Checking Account at Bank of the Southwest in NM - Local Only - 1/12/2010

Bank of the Southwest is offering a high-yield reward checking account called True Checking. It has the following rates if certain monthly requirements are met:5.12% APY on balances up to $25,0000.25% APY on portion of balance over $25,0000.25% base rate...



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Bank of the Southwest Checking Account Rates

ApyMinMaxProduct
0.10%--True Checking

Rates updated: 5/17/2013

Data for Q4 2012


Institution Statistics


Bank of the Southwest
FDIC Certificate #2247
BankRate ReportView
Year Established1930
Employees88
Primary RegulatorFDIC

Assets and Liabilities

Assets$155.63 million
Loans$126.59 million
Deposits$141.88 million
Equity Capital$13.67 million
Loan Loss Allowance$1.28 million
Unbacked Noncurrent Loans$59,000
Real Estate Owned$1.82 million

Historic Data - December 2011

Assets$156.66 million
Equity Capital$13.46 million
Loan Loss Allowance$1.20 million
Unbacked Noncurrent Loans$265,000
Real Estate Owned$1.12 million

Profit Margin - Quarterly

Net Interest Margin5.8%
Return on Assets1.2%
Return on Equity13.74%
Interest Income$8.67 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
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, 2012 Bank of the Southwest had $1.88 million in non-current loans and owned real-estate with $14.95 million in equity and loan loss allowances on hand to cover it. This gives Bank of the Southwest a Texas Ratio of 12.57% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Bank of the Southwest held steady from 10.26% as of December 31, 2011 to 12.57% as of December 31, 2012, resulting in a negative change of 22.53%. This indicates that the balance sheet and financial strength for Bank of the Southwest has held steady in recent periods.
Deposit Growth4
In the past year, Bank of the Southwest has increased its total deposits by $3.9 million, resulting in 2.83% 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 Bank of the Southwest has shown is above average.
Capitalization3
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. Bank of the Southwest has $155.62 million in assets with $14.95 million in equity, resulting in a capitalization level of 9.60%, which is average.
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I Drove 3 Hrs To Roswell To Open A True Checking Account And I Was Denied
1 stars - Anonymous - Tuesday, March 9, 2010 - 1:59 PM

I drove 3 hrs to Roswell to open a True Checking account and I was denied.  The vice president said that since they are a community bank, they only serve people in their community.  I wish they told me that when I was inquiring over the phone. So I went to First American Bank (community bank) across the street and opened a rewards checking for 5%.  Bank of Southwest has no clue in banking business.

4

What A Horrible Experience!
1 stars - maghamiri - Friday, May 27, 2011 - 5:23 PM

I have been customer with Bank of SW for more than 2 years. They are very unprofessional and make lots of mistakes that it feels scary to keep my account with them. They don't care to keep you as a customer and I even talked to someone who called herself senior VP of the bank who recommended me to  take my 50,000 dolllars some where else because she couldn't take exceptions. They sent you an email and every month apparently you have to pay attention to when the period ends it can be 26 or 31 of the month or thursday or friday. Weired way of doing business. I enjoyed the bank viisit but now that I had to resolve a conflict with a nonsense person I think I am done with them.breaks for their mistakes and they couldn't do the same. I have given them so many  What a horrible experience.

3

Been A Customer For 8 Years And Love It!
5 stars - phrodide - Monday, June 25, 2012 - 2:11 PM

I've been a customer since 2003 and I have never had a problem. Brent is able to help me at any time I have an issue understanding my statement. I've also dealt with Lawrence for my loan, and he was always upfront with everything. I have an auto loan presently and a checking account.

Would I bank with someone else? I don't like being treated like a number, and this bank cares about its customers.

1
 
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