Bank of the Southwest
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Data as of · sourced from FFIEC call reports. How we update
Bank of the Southwest is an FDIC-insured commercial bank headquartered in Roswell, NM, established in 1930 (FDIC certificate 2247), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $176.3M, down 4.3% from Q2 2025, the 24th largest of 29 banks headquartered in New Mexico. Its CET1 capital ratio was 15.03% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 2247
- Headquarters
- Roswell, NM
- Established
- 1930
- Total assets, Q2 2026
- $176.3M
- Assets vs Q2 2025
- -4.3%
- CET1 ratio, Q2 2026
- 15.03%
- Domestic offices
- 13 FDIC institution directory, current count
- Routing number
- 112206297
- Latest call report
- Q2 2026, FFIEC 051 · Bank of the Southwest Q3 2026 call report, filed October 20, 2026 (preliminary)
- Holding company
- NEW MEXICO NATIONAL FINANCIAL INCORPORATED
- Asset rank in state
- 24th of 29 in New Mexico
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%. The figures come from its call report filed with the FFIEC.
Of the 29 banks headquartered in New Mexico, Bank of the Southwest is the 24th largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 0.9% to $176.3M, loans fell 0.2% and deposits rose 1.0%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 28.3% of total loans, ahead of non-owner-occupied commercial real estate loans at 25.0%. Its 13 offices in the FDIC Summary of Deposits are in 8 cities in NM; its Roswell 4 offices book 29% of its branch deposits. On its Q2 2026 call report, Bank of the Southwest meets every capital ratio test for well capitalized.
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)
- Domestic offices
- 13 FDIC institution directory, current count
- 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
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Bank of the Southwest's total assets ran between $174.8M (Q1 2026) and $198.6M (Q3 2023), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$176.3M total assets against $184.2M; $159.3M total liabilities against $166.7M.
$120.3M net loans and leases against $113.2M; $159.0M total deposits against $166.6M.
$21.6M securities against $22.3M; $27.9M cash and balances due against $41.4M.
$3.0M total interest income against $3.0M; $68K total interest expense against $9K.
$2.9M net interest income against $3.0M.
$191K total noninterest income against $240K; $2.6M total noninterest expense against $2.3M.
$62K provision for credit losses against $20K.
$439K net income against $976K.
0.96% return on assets against 2.16%; 6.78% net interest margin against 6.97%.
15.03% CET1 capital ratio against 15.99%; 9.36% tier 1 leverage ratio against 9.63%.
Inside the full Bank of the Southwest terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, 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
Its closest position to the top of a national ranking is 939 of 3,640, for Texas Ratio; its furthest is 3,347 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.96% (Q2 2026) to 2.60% (Q3 2024) and its net interest margin ran from 6.78% (Q2 2026) to 7.09% (Q3 2024).
| 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
View all 13 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| 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
Facts as filed or published, not a rating.
- 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).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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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.
Where is Bank of the Southwest headquartered?
It is headquartered in Roswell, NM, United States.
When was Bank of the Southwest founded?
It was established in 1930, per the FDIC institution directory.
Is Bank of the Southwest FDIC-insured?
Yes. It 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.
What is Bank of the Southwest's CET1 capital ratio?
It 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?
It 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?
Its Texas Ratio is 7.07% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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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