Bank of the Southwest

Overview / Commentary
226 North Main Street
Roswell, NM 88201

Bank of the Southwest is headquartered in ROSWELL and is the 23rd largest bank in the state of New Mexico. It is also the 3,044th largest bank in the nation. It was established in 1930 and as of September of 2023, it had grown to 83 employees at 13 locations. Bank of the Southwest has a B+ health rating.

Reviews (3)

Been A Customer For 8 Years And Love It!

Posted by: |

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.

What A Horrible Experience!

Posted by: |

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

Posted by: |

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.


Health Grade Components

FDIC Certificate #2247
Year Established1930
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.98%
Return on Equity - YTD22.98%
Annual Interest Income$8.7MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$198.6MM$202.9MM
LoansQ3 2023vs Q3 2022$115.6MM$118.5MM
DepositsQ3 2023vs Q3 2022$181.2MM$182.9MM
Equity CapitalQ3 2023vs Q3 2022$17.1MM$15.6MM
Loan Loss AllowanceQ3 2023vs Q3 2022$1.5MM$1.2MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$185K$93K
Real Estate OwnedQ3 2023vs Q3 2022$572K$1.2MM

Sorry, we do not have rate data for Bank of the Southwest.



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