FirstBank Southwest is headquartered in Amarillo and is the 67th largest bank in the state of Texas. It is also the 716th largest bank in the nation. It was established in 1907 and as of June of 2022, it had grown to 208 employees at 12 locations. FirstBank Southwest's CD rates are 4X the national average, and it has a B+ health rating.
Valued As A Person
My experiences with First Bank Southwest were stellar, each and every time! From the time you walk in the door, they have excellent customer service. Some employees even got to know me by name. They have a small town value feel, but are quite professional like larger banks. Their website has really came a long way over the last few years, and includes things of interest to me, like CD and IRA info. Their drive up ATMs are super user friendly. I liked that I had a checking and savings that did not have transfer fees, or have to have a certain balance to open, etc.
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 3387 |
| Year Established | 1907 |
| Employees | 208 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.43% |
| Return on Equity - YTD | 20.28% |
| Annual Interest Income | $25.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $1.45B$1.27B |
| Loans | Q2 2022vs Q2 2021 | $907.0MM$712.1MM |
| Deposits | Q2 2022vs Q2 2021 | $1.33B$1.16B |
| Equity Capital | Q2 2022vs Q2 2021 | $87.2MM$98.1MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $11.8MM$9.3MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $2.7MM$2.6MM |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$20.00K |