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575-625-1122
226 North Main Street
Roswell, NM 88201

Bank of the Southwest is headquartered in Roswell and is the 28th largest bank in the state of New Mexico. It is also the 3,630th largest bank in the nation. It was established in 1930 and as of December of 2013, it had grown to 84 employees at 14 locations. Bank of the Southwest has a B health rating.

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Reviews (3)

I Drove 3 Hrs To Roswell To Open A True Checking Account And I Was Denied

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.

What A Horrible Experience!

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.

Been A Customer For 8 Years And Love It!

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.



Health

Data for Q4 2013

Institution Health

B

Texas Ratio

GRADE:
B

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 Bank of the Southwest had $2.5 million in non-current loans and owned real-estate with $15.17 million in equity and loan loss allowances on hand to cover it. This gives Bank of the Southwest a Texas Ratio of 16.51% which is above 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 Bank of the Southwest experienced no significant changes from 16.29% as of December 31, 2012 to 16.51% as of December 31, 2013, resulting in a negative change of 1.34%. This indicates that the balance sheet and financial strength for Bank of the Southwest has had no significant changes in recent periods.

Deposit Growth

GRADE:
C+

In the past year, Bank of the Southwest has decreased its total deposits by $-526,000, resulting in -0.37% 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 average.

Capitalization

GRADE:
B

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 $155.45 million in assets with $15.17 million in equity, resulting in a capitalization level of 9.76%, which is above average.

Institution Statistics

Overall
FDIC Certificate #2247
Year Established1930
Employees84
Primary RegulatorFDIC
Assets and Liabilities
Assets$155.45 million
Loans$119.46 million
Deposits$141.36 million
Equity Capital$13.99 million
Loan Loss Allowance$1.18 million
Unbacked Noncurrent Loans$1.55 million
Real Estate Owned$959,000
Historic Data - December 2012
Assets$155.63 million
Equity Capital$13.67 million
Loan Loss Allowance$1.28 million
Unbacked Noncurrent Loans$1.55 million
Real Estate Owned$1.82 million
Profit Margin - Quarterly
Net Interest Margin5.87%
Return on Assets1.33%
Return on Equity14.89%
Interest Income$8.49 million
Rates
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Bank of the Southwest Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--True Checking
Locations

Bank of the Southwest has 13 locations. Click to view all Bank of the Southwest locations.