Bank of the Southwest: Financial Reports & UBPR Data
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Data as of · sourced from FFIEC call reports. How we update
Problem loans are rising at Bank of the Southwest. Its balance sheet stood at $176 million at June 30, 2026, down 4.3% from a year earlier; it is based in Roswell, New Mexico. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 0.73% of loans from 0.08% a year earlier. It spends about 84 cents to bring in each dollar of revenue, higher than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 61 cents). On the other hand, it keeps 6.78 cents of net interest income on every dollar of earning assets, higher than about 9 in 10 banks its size (median 3.95 cents).
Earnings fell sharply: quarterly net income of $439,000 was 55% below a year earlier. Its $30 million non-owner-occupied commercial real estate book is improving, with 0.30% past due or on nonaccrual, down from 4.27% a year earlier. Concentration is the risk to watch: it holds commercial real estate loans worth 2.4 times its capital, about double the median of 1.2 times for banks its size.
As of June 30, 2026, Bank of the Southwest reported a CET1 capital ratio of 15.03%, a return on assets of 0.96%, a nonperforming-loan ratio of 0.73% and a Texas ratio of 7.07%, according to its call report filed with the FFIEC.
Headquarters Profile
- Address
- 226 N Main St, Roswell, NM 88201
- County
- Chaves
- Metro Area
- Roswell, NM
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Dallas (Region 13)
- Federal Reserve member
- No
- Federal Reserve district
- District 11, Dallas
- Fiduciary (trust) powers
- Trust powers not granted
- Call Report form
- FFIEC 051
- Established
- March 18, 1930
- Former names
- FirstBank Truth or Consequences, New Mexico (1989-1992); Western Bank (1978-1989)
- Offices
- 13 domestic
- Employees (FTE)
- 82
- Domestic deposits
- $159.0M
- Allowance for credit losses
- $1.3M
- Net charge-offs (YTD)
- $48K
- Average total assets
- $182.0M
- Average total loans
- $118.5M
- Average interest-bearing deposits
- $58.8M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 2247
- Fed RSSD
- 499752
- Website
- www.bankofsw.com →
- Parent Holding Company
- NEW MEXICO NATIONAL FINANCIAL INCORPORATED (RSSD 2013947)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Rows tagged YTD are fiscal year to date through June 30, 2026, as filed. Net income is tagged Q2 because it is that quarter's own figure, not a running total, so it cannot be compared with a YTD row. ROA, ROE and net interest margin are the quarter's own income, annualized. The UBPR and FDIC annualize the year to date instead, so after the first quarter their figures differ from ours; where the UBPR has this quarter, its value is shown beside each as YTD. The UBPR's YTD ROA divides by the average of the quarterly average assets the bank reports on Schedule RC-K, while FDIC BankFind divides by the average of quarter-end total assets, so FDIC's ROA can differ from the YTD figure by a few hundredths of a point.
Quarterly trends
Last 12 quarters from this bank's own FFIEC call reports. Dollar figures are the quarter's own amount: the income statement is filed year to date, so those lines are shown net of the preceding quarter.
Balances at each quarter end. The gap between the two lines is equity capital.
Balances at each quarter end. Loans rising toward deposits is the loan-to-deposit ratio tightening.
Balances at each quarter end. Each line is its own balance, not stacked on the other.
Each bar is that quarter alone. The gap between the two is net interest income.
What the balance sheet earned on spread that quarter, before fees and operating costs.
Fees, trading and other income against salaries, premises and the rest of the cost base.
What the bank charged to earnings that quarter to build its allowance for expected losses.
Net income for the quarter alone. The Call Report reports it year to date; this series converts it to the single quarter, so each bar covers three months.
CET1 is common equity tier 1 as a share of risk-weighted assets; the leverage ratio is tier 1 capital as a share of average total assets. A bank that files the community bank leverage ratio reports no CET1 ratio, so only its leverage line appears.
Inside the full Bank of the Southwest terminal
26 years of quarterly trends · 8 tabs · peer percentiles · Excel export
Unlock Bank of the Southwest, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Bank of the Southwest rankings
How this bank ranks on each leaderboard. Click any rank to see the full ranked list.
Ranked among banks that report this metric, so the total differs from card to card. The CET1 ranking leaves out community bank leverage ratio filers, which report no CET1 ratio.
Quarterly trend: last 8 quarters
Quarter-over-quarter movement in the five most-watched ratios. Sourced from the bank's own FFIEC call report filings.
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 15.03% | 0.96% | 0.73% | 7.07% | 6.78% |
| Q1 2026 | 15.18% | 1.15% | 0.42% | 5.02% | 6.85% |
| Q4 2025 | 15.06% | 1.11% | 0.24% | 3.83% | 6.80% |
| Q3 2025 | 16.03% | 2.29% | 0.50% | 5.27% | 6.85% |
| Q2 2025 | 15.99% | 2.16% | 0.08% | 2.90% | 6.97% |
| Q1 2025 | 16.16% | 2.13% | 0.12% | 3.76% | 6.82% |
| Q4 2024 | 15.79% | 2.24% | 0.14% | 3.86% | 6.99% |
| Q3 2024 | 15.96% | 2.60% | 0.12% | 3.80% | 7.09% |
Swipe the table sideways to see every column.
Branch Network
Every branch from the FDIC Summary of Deposits, listed with the deposits booked at each location. The FDIC's office count above also includes administrative and limited-service offices, so the two totals can differ. View all 13 branches →
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Truth Or Consequences Branch | Truth Or Consequences , NM | 87901 | $44.2M |
| Bank of the Southwest (main office) | Roswell , NM | 88201 | $37.2M |
| Hatch Branch | Hatch , NM | 87937 | $24.0M |
| Elephant Butte Branch | Elephant Butte , NM | 87935 | $13.7M |
| Kirtland Branch | Kirtland , NM | 87417 | $9.5M |
| Farmington Branch | Farmington , NM | 87401 | $9.3M |
| North Branch - Roswell Branch | Roswell , NM | 88201 | $5.4M |
| Las Cruces Branch | Las Cruces , NM | 88001 | $5.4M |
| South Branch | Roswell , NM | 88203 | $4.2M |
| Farmington Country Club Branch | Farmington , NM | 87402 | $3.6M |
| Bloomfield Branch | Bloomfield , NM | 87413 | $2.4M |
| Farmington Commercial Loan Center Branch | Farmington , NM | 87402 | $0 |
| Drive-Up Facility | Roswell , NM | 88202 | $0 |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| August 28, 1993 | Structure Change | Acquired FirstBank, Farmington, New Mexico Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| August 27, 1993 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
What the public regulatory sources show for Bank of the Southwest, each with its period and source. These are facts as filed or published, not a rating or score. "Not on file" means we hold no record from that source, which is not the same as a clean record.
- Enforcement actions
- Not on file: no matched FDIC, Federal Reserve or OCC action
- Period: not on file. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.3% of deposits in NM, rank 44 of 55 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 71 applications, 51 loans originated, $8.5M originated, across 2 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $400K approved, $400K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2024 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Consumer complaints
- Not on file: no CFPB complaints matched
- Period: not on file. Source: CFPB consumer complaint database.
- CFPB enforcement
- Not on file: CFPB enforcement actions are not loaded
- Period: not on file. Source: CFPB enforcement actions.
- CRA examination rating
- Not on file: FFIEC CRA ratings are not loaded
- Period: not on file. Source: FFIEC CRA ratings.
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Frequently asked about Bank of the Southwest
What are Bank of the Southwest's total assets?
As of the Q2 2026 filing, Bank of the Southwest reported total assets of $176.3 million in its FFIEC call report. All figures come directly from the bank's quarterly Schedule RC filing.
Where is Bank of the Southwest headquartered?
Bank of the Southwest is headquartered in Roswell, NM, United States. It files quarterly FFIEC call reports, as every FDIC-insured commercial bank must.
When was Bank of the Southwest founded?
Bank of the Southwest was established in 1930, per the FDIC institution directory.
Is Bank of the Southwest FDIC-insured?
Yes. Bank of the Southwest is an FDIC-insured commercial bank (FDIC Certificate #2247). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Bank of the Southwest?
Bank of the Southwest's primary federal regulator is the FDIC. All FDIC-insured banks also report to the FDIC and, depending on charter, the Federal Reserve.
What is Bank of the Southwest's CET1 capital ratio?
Bank of the Southwest reported a Common Equity Tier 1 (CET1) capital ratio of 15.03% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Bank of the Southwest operate?
Bank of the Southwest operates 13 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Bank of the Southwest's Texas Ratio?
Bank of the Southwest's Texas Ratio is 7.07% in its Q2 2026 call report, within the healthy range (under 25%). The Texas Ratio measures non-performing assets against the bank's capital and reserves; the glossary entry for the Texas Ratio carries the full definition.
What was Bank of the Southwest previously called?
The charter now named Bank of the Southwest has also operated as FirstBank Truth or Consequences, New Mexico (1989-1992), Western Bank (1978-1989), per FDIC structure-change records.
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