Southwest Bank (merged into Simmons Bank)
Southwest Bank reported total assets of $2.9 bn at Q4 2017, its last Call Report before it merged into Simmons Bank. The CET1 capital ratio at Southwest Bank was 10.94%, and the uninsured share of Southwest Bank was 58.73%. Source: FDIC Call Reports.
What sets Southwest Bank apart
Nothing in the latest data sets Southwest Bank apart from banks of its size: no ratio in the top or bottom tenth of its size group, no large rank move or year change, and no acquisition in the FDIC history since 2016. This page is kept out of search results until that changes.
How large is Southwest Bank?
The balance sheet of Southwest Bank at : assets $2.9 bn, deposits $1.8 bn, net loans $2.4 bn (loans equal to 131.54% of deposits). Securities make up 0.4% of total assets at Southwest Bank. Since , when Southwest Bank held $1.8 bn, its assets grew 62.9%. In the year to , deposits at Southwest Bank rose 10.4% while its total assets rose 35.7%. At , Southwest Bank employed 313 full-time equivalent staff across 17 offices, about $9.2 mn of assets per employee and $107.4 mn of deposits per office.
How much funding at Southwest Bank is uninsured?
At Southwest Bank, uninsured deposits (above the FDIC limit) made up 58.73% of domestic deposits at (+4.54 pp on a year earlier). In dollars, Southwest Bank estimated $1.1 bn of uninsured deposits.
Key facts, Q4 2017
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $1.8 bn | $1.7 bn (Q4 2016) | |
| Net loans and leases | $2.4 bn | $1.8 bn (Q4 2016) | |
| Loan-to-deposit ratio | 131.54% | 107.55% (Q4 2016) | |
| Tier 1 leverage ratio | 12.23% | 11.53% (Q4 2016) | |
| Total risk-based capital ratio | 11.02% | 12.37% (Q4 2016) | |
| Net interest margin | 1.07% | 3.85% (Q4 2016) | |
| Return on assets (ROA) | 0.24% | 1.06% (Q4 2016) | |
| Efficiency ratio | 34.78% | 60.20% (Q4 2016) | |
| Unrealized gain/loss on available-for-sale securities | Loss of $98,000 | Narrowed by $554,000 | |
| Noncurrent loans to total loans | 0.01% | 0.01% (Q4 2016) | |
| Net charge-offs to average loans | 0.00% | 0.00% (Q4 2016) |
US rank of Southwest Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
Southwest Bank: assets, deposits and loans
- Total assets $2.9bn
- Deposits $1.8bn
- Net loans $2.4bn
Capital and securities
The CET1 ratio of Southwest Bank stood at 10.94% in , -0.56 pp year on year. Low and high at Southwest Bank since : 10.94% () to 11.50% (). Equity capital of Southwest Bank at : $538.7 mn, or 18.7% of total assets. Southwest Bank also reported a total capital ratio of 11.02% for , and a tier 1 leverage ratio of 12.23%.
The available-for-sale portfolio of Southwest Bank showed an unrealized loss of $98,000 at ; the loss narrowed by $554,000 over the year.
Southwest Bank: capital ratios
- Total capital 11%
- CET1 11%
- Tier 1 leverage 12%
Southwest Bank: unrealized securities gains and losses
- Available for sale -$98,000
- Held to maturity $0
Profitability and loan quality
For the year to , Southwest Bank earned a return on equity of 1.67%; return on assets: 0.24%. Net interest margin at Southwest Bank: 1.07%, -2.78 pp in a year. Southwest Bank net income: $5.7 mn, down 71.7% year on year. The efficiency ratio of Southwest Bank was 34.78%: about 35 cents cost per revenue dollar, against 65 cents at the median peer.
At , noncurrent loans were 0.01% of total loans at Southwest Bank; net charge-offs: 0.00% of average loans. Gross loans and leases at Southwest Bank: $2.4 bn at , against $1.8 bn at .
Southwest Bank: profitability
- Return on equity 1.7%
- Net interest margin 1.1%
- Return on assets 0.2%
Peer group of Southwest Bank
The peer group of Southwest Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 2 share the charter type of Southwest Bank (state member bank) and 2 have head offices in Texas. Against them, Southwest Bank shows CET1 ratio 10.94% against a peer median of 12.01%, return on equity 1.67% against a peer median of 6.53% and uninsured deposit share 58.73% against a peer median of 34.38%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Nicolet National Bank | National bank | WI | $2.9 bn | 10.91% | 9.32% | 31.22% | |
| First Financial Bank | National bank | IN | $2.9 bn | 16.56% | 6.71% | 27.89% | |
| Atlantic Capital Bank | National bank | GA | $2.9 bn | 12.69% | -0.34% | 68.70% | |
| Southwest Bank | State member bank | TX | $2.9 bn | 10.94% | 1.67% | 58.73% | |
| The American National Bank of Texas | National bank | TX | $2.9 bn | 11.33% | 9.59% | 40.92% | |
| Capital City Bank | State member bank | FL | $2.9 bn | 15.83% | 4.40% | 33.96% | |
| Stellar Bank | State member bank | TX | $2.9 bn | 10.72% | 6.34% | 34.80% | |
. FDIC Call Reports.
Last eight quarters
Two years at Southwest Bank, to : assets $1.8 bn to $2.9 bn, deposits $1.4 bn to $1.8 bn, equity $225.0 mn to $538.7 mn. Staff 307 to 313.
| Metric | Q1 2016 | Q2 2016 | Q3 2016 | Q4 2016 | Q1 2017 | Q2 2017 | Q3 2017 | Q4 2017 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $1.8 bn | $1.9 bn | $2.0 bn | $2.1 bn | $2.2 bn | $2.4 bn | $2.5 bn | $2.9 bn |
| Total deposits | $1.4 bn | $1.4 bn | $1.5 bn | $1.7 bn | $1.7 bn | $1.8 bn | $1.9 bn | $1.8 bn |
| Bank equity capital | $225.0 mn | $245.2 mn | $253.1 mn | $263.7 mn | $278.3 mn | $312.5 mn | $320.4 mn | $538.7 mn |
| CET1 ratio | 11.23% | 11.35% | 11.41% | 11.50% | 11.40% | 11.50% | 11.17% | 10.94% |
| Return on equity (ROE) | 7.41% | 7.59% | 8.13% | 8.38% | 6.49% | 7.44% | 8.25% | 1.67% |
| Uninsured share of domestic deposits | 48.68% | 48.02% | 51.12% | 54.19% | 54.09% | 57.97% | 60.17% | 58.73% |
| Full-time equivalent employees | 307 | 310 | 302 | 307 | 319 | 320 | 317 | 313 |
| Number of offices | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Southwest Bank, oldest first; figures before and after each event are not like for like.
- . Merged into Simmons Bank (FDIC certificate 3890).
Questions and identifiers
What were the total assets of Southwest Bank?
Southwest Bank reported $2.9 bn at in its Call Report.
Is Southwest Bank the same as its holding company?
No. This page covers Southwest Bank, FDIC certificate 18812; SIMMONS FIRST NATIONAL CORP (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Southwest Bank profitable?
Southwest Bank reported net income of $5.7 mn for the year to ; annualized return on equity: 1.67%. So yes: Southwest Bank made a profit over these months.
When is data for Southwest Bank next updated?
Southwest Bank no longer files Call Reports; its data ends at .
Where can I check the figures for Southwest Bank?
In the FDIC BankFind Suite record for certificate 18812, and in the Call Reports of Southwest Bank (RSSD ID 423458) at the FFIEC Central Data Repository.