Southwest Bank is headquartered in Odessa and is the 133rd largest bank in the state of Texas. It is also the 1,520th largest bank in the nation. It was established in 1947 and as of September of 2020, it had grown to 112 employees at 8 locations. Southwest Bank has an A health rating.
| Overall | |
|---|---|
| FDIC Certificate # | 16652 |
| Year Established | 1947 |
| Employees | 112 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.52% |
| Return on Equity - YTD | 19.29% |
| Annual Interest Income | $16.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2020vs Q3 2019 | $536.3MM$448.4MM |
| Loans | Q3 2020vs Q3 2019 | $416.0MM$273.6MM |
| Deposits | Q3 2020vs Q3 2019 | $490.2MM$406.8MM |
| Equity Capital | Q3 2020vs Q3 2019 | $40.4MM$37.1MM |
| Loan Loss Allowance | Q3 2020vs Q3 2019 | $4.1MM$3.5MM |
| Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $1.1MM$2.5MM |
| Real Estate Owned | Q3 2020vs Q3 2019 | $150.00K$0 |
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| Southwest Bank Locations | ||
|---|---|---|
| Lubbock Branch | 10115 Quaker Avenue | Lubbock, TX 79424 |
| Southwest Bank | 4800 East 42nd Street | Odessa, TX 79768 |
| Convenience Center Branch | 5201 John Ben Shepperd Parkway | Odessa, TX 79762 |
| Odessa Downtown Branch | 600 West 8th Street | Odessa, TX 79761 |
| Midland Branch | 1301 West Wall Street, Suite A | Midland, TX 79701 |
| Lubbock West Loop Branch | 1901 W Loop 289 Ste 4 | Lubbock, TX 79407 |