Bank of the Southwest is headquartered in Roswell and is the 27th largest bank in the state of New Mexico. It is also the 3,634th largest bank in the nation. It was established in 1930 and as of September of 2013, it had grown to 84 employees at 14 locations. Bank of the Southwest has a B+ health rating.
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.
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.
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.
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 September 30, 2013 Bank of the Southwest had $2.19 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 14.62% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Bank of the Southwest decreased slightly from 17.79% as of September 30, 2012 to 14.62% as of September 30, 2013, resulting in a positive change of 17.82%.This indicates that the balance sheet and financial strength for Bank of the Southwest has improved slightly in recent periods.
In the past year, Bank of the Southwest has increased its total deposits by $4.32 million, resulting in 3.12% 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 excellent.
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 $156.71 million in assets with $14.95 million in equity, resulting in a capitalization level of 9.54%, which is above average.
|FDIC Certificate #||2247|
|Assets and Liabilities|
|Equity Capital||$13.76 million|
|Loan Loss Allowance||$1.19 million|
|Unbacked Noncurrent Loans||$68,000|
|Real Estate Owned||$2.12 million|
|Historic Data - September 2012|
|Equity Capital||$13.61 million|
|Loan Loss Allowance||$1.24 million|
|Unbacked Noncurrent Loans||$68,000|
|Real Estate Owned||$1.34 million|
|Profit Margin - Quarterly|
|Net Interest Margin||5.83%|
|Return on Assets||1.22%|
|Return on Equity||13.73%|
|Interest Income||$6.34 million|
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