First Southwest Bank
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Data as of · sourced from FFIEC call reports. How we update
First Southwest Bank is an FDIC-insured commercial bank headquartered in Durango, CO, established in 2004 (FDIC certificate 57741), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $657.5M, up 5.4% from Q2 2025, the 15th largest of 63 banks headquartered in Colorado. Its CET1 capital ratio was 26.56% 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
- 57741
- Headquarters
- Durango, CO
- Established
- 2004
- Total assets, Q2 2026
- $657.5M
- Assets vs Q2 2025
- +5.4%
- CET1 ratio, Q2 2026
- 26.56%
- Domestic offices
- 6 FDIC institution directory, current count
- Routing number
- 102107034
- Latest call report
- Q2 2026, FFIEC 051 · First Southwest Bank call report
- Holding company
- FIRST SOUTHWEST BANCORPORATION, INC.
- Asset rank in state
- 15th of 63 in Colorado
First Southwest Bank, based in Durango, Colorado, reported $657 million in assets at June 30, 2026, up 5.4% from a year earlier. It returns 3.8% a year on shareholders' equity, about a third the median of 12.5% for the 2,660 banks with $100 million to $1 billion in assets. On the other hand, it holds common equity equal to 26.56% of its risk-weighted assets, higher than about three-quarters of banks its size (median 15.12%).
Unrealized losses on its securities total $22 million, equal to 22% of Tier 1 capital, against 25% a year earlier. Costs are the weak spot: it spends about 80 cents to bring in each dollar of revenue, higher than about three-quarters of banks its size (median 61 cents).
As of June 30, 2026, First Southwest Bank reported a CET1 capital ratio of 26.56%, a return on assets of 0.51%, a nonperforming-loan ratio of 0.04% and a Texas ratio of 0.27%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, First Southwest Bank is the 15th largest of the 63 banks headquartered in Colorado. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 1.7% to $657.5M, loans rose 1.1% and deposits rose 1.4%. The largest part of its loan book on June 30, 2026 was non-owner-occupied commercial real estate loans, at 23.6% of total loans, ahead of farmland and other real estate loans at 16.7%. The FDIC Summary of Deposits lists 6 offices for it, in 6 cities in CO; its Alamosa office books 50% of its branch deposits. By the capital ratios in its Q2 2026 call report, First Southwest Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 600 E 2nd Ave, Durango, CO 81301
- County
- La Plata
- Metro Area
- Alamosa, CO
- 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 10, Kansas City
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- July 9, 2004
- Domestic offices
- 6 FDIC institution directory, current count
- Employees (FTE)
- 95
- Domestic deposits
- $491.7M
- Allowance for credit losses
- $4.5M
- Net charge-offs (YTD)
- $83K
- Average total assets
- $651.2M
- Average total loans
- $339.9M
- Average interest-bearing deposits
- $409.9M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- July 9, 2004
- FDIC Cert
- 57741
- Fed RSSD
- 3224302
- Website
- www.fswb.bank →
- Parent Holding Company
- FIRST SOUTHWEST BANCORPORATION, INC. (RSSD 3228681)
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, First Southwest Bank's total assets ran between $511.5M (Q3 2023) and $663.5M (Q4 2025), 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
$657.5M total assets against $623.5M; $570.2M total liabilities against $533.2M.
$337.4M net loans and leases against $310.1M; $491.7M total deposits against $459.3M.
$245.7M securities against $236.3M; $38.0M cash and balances due against $38.3M.
$8.1M total interest income against $7.5M; $2.7M total interest expense against $2.8M.
$5.3M net interest income against $4.7M.
$597K total noninterest income against $1.1M; $4.8M total noninterest expense against $4.8M.
$118K provision for credit losses against $15K.
$828K net income against $758K.
0.51% return on assets against 0.48%; 3.30% net interest margin against 3.12%.
26.56% CET1 capital ratio against 30.88%; 15.31% tier 1 leverage ratio against 16.98%.
Inside the full First Southwest Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeFirst Southwest Bank rankings
Its closest position to the top of a national ranking is 126 of 2,134, for CET1 ratio; its furthest is 3,258 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.11% (Q1 2025) to 2.05% (Q4 2024) and its net interest margin ran from 3.08% (Q1 2025) to 3.54% (Q3 2024).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 26.56% | 0.51% | 0.04% | 0.27% | 3.30% |
| Q1 2026 | 26.88% | 0.69% | 0.05% | 0.21% | 3.23% |
| Q4 2025 | 27.08% | 1.30% | 0.12% | 0.26% | 3.30% |
| Q3 2025 | 30.74% | 1.24% | 0.06% | 0.19% | 3.19% |
| Q2 2025 | 30.88% | 0.48% | 0.31% | 0.86% | 3.12% |
| Q1 2025 | 32.68% | 0.11% | 0.22% | 0.74% | 3.08% |
| Q4 2024 | 33.33% | 2.05% | 0.12% | 0.40% | 3.35% |
| Q3 2024 | 33.65% | 1.02% | 0.13% | 0.40% | 3.54% |
Swipe the table sideways to see every column.
Branch Network
View all 6 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 |
|---|---|---|---|
| Alamosa Branch | Alamosa , CO | 81101 | $245.0M |
| First Southwest Bank (main office) | Durango , CO | 81301 | $93.2M |
| Center Branch | Center , CO | 81125 | $50.3M |
| Navajo Trail Drive Branch | Pagosa Springs , CO | 81147 | $46.5M |
| Cortez Branch | Cortez , CO | 81321 | $35.5M |
| The Saguache Facility | Saguache , CO | 81149 | $21.1M |
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 1 against the institution (Federal Reserve). These actions name the parent holding company, FIRST SOUTHWEST BANCORPORATION, INC., not the bank itself
- October 20, 2010, Federal Reserve: Written Agreement: First Southwest Bancorporation, Inc., Alamosa, Colorado
- Period: Most recent institution action October 20, 2010. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.3% of deposits in CO, rank 36 of 121 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $548K approved, $548K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Mortgage lending (HMDA), 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 First Southwest Bank
What are First Southwest Bank's total assets?
As of the Q2 2026 filing, First Southwest Bank reported total assets of $657.5 million in its FFIEC call report.
Where is First Southwest Bank headquartered?
It is headquartered in Durango, CO, United States.
When was First Southwest Bank founded?
It was established in 2004, per the FDIC institution directory.
Is First Southwest Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #57741). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First Southwest Bank?
First Southwest Bank's primary federal regulator is the FDIC.
What is First Southwest Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 26.56% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does First Southwest Bank operate?
It operates 6 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is First Southwest Bank's Texas Ratio?
Its Texas Ratio is 0.27% 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.
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