# SOUTHWEST SECURITIES FSB
DALLAS, TX · FDIC certificate 32460 · asset band $1-10B · latest filing 2014-12 · stopped filing (departed)

**Verdict on the desk:** this could be *lender to lenders*. Composite score 5 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $1.19B | |
| Deposits | $938.3M | |
| Loans and leases | $628.0M | |
| Total equity | $174.6M | |
| Loans / deposits | 66.11% (p18 of band) | 84.90% |
| Liquid assets / assets | 45.33% (p89 of band) | |
| Uninsured deposits / deposits | 3.18% (p4 of band) | 24.14% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 6.16% (p36 of band) | |
| FHLB advances / assets | 6.16% | |
| Tier 1 leverage | 15.11% (p95 of band) | 9.76% |
| Unrealized securities loss / equity | -3.74% (p2 of band) | 0.91% |
| AOCI / equity | 2.35% (p73 of band) | |
| ROA (annualized) | 0.26% (p6 of band) | 0.93% |
| Net interest margin | 2.92% (p17 of band) | 3.54% |
| Efficiency ratio | 94.87% (p98 of band) | |
| Noncurrent loans | 1.62% (p79 of band) | 0.82% |
| Net charge-offs (annualized) | -0.04% (p6 of band) | |
| Reserve coverage of noncurrent | 75.81% | |
| Real estate % of loans | 68% | |
| Construction % of loans | 6.82% (p15 of band) | |
| Auto loans | $63,000 (0.01% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $141.8M (81% of equity) (p99 of band) | |
| Deposits YoY | -5.7% | |
| Employees | 134 | |

## Flags firing in the latest filing

- **expense ratio p90** (`earn_efficiency`)
- **reserve under noncurrent** (`aq_reserve`)
- **loans-to-lenders >50% equity** (`conc_warehouse`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 4 | losing money, expense ratio p90, reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 3 |  | construction >100% equity |
| 2011-09 | 3 |  |  |
| 2011-12 | 3 |  |  |
| 2012-03 | 4 | charge-offs p90, loans-to-lenders >50% equity, deposits shrinking | losing money, expense ratio p90 |
| 2012-06 | 4 | expense ratio p90 | deposits shrinking |
| 2012-09 | 4 |  |  |
| 2012-12 | 4 | uninsured deposits leaving | charge-offs p90 |
| 2013-03 | 3 |  | uninsured deposits leaving |
| 2013-06 | 4 | deposits shrinking |  |
| 2013-09 | 4 |  |  |
| 2013-12 | 3 |  | deposits shrinking |
| 2014-03 | 2 |  | loans-to-lenders >50% equity |
| 2014-06 | 3 | loans-to-lenders >50% equity |  |
| 2014-09 | 3 |  |  |
| 2014-12 | 5 | deposits shrinking, assets shrinking |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2006-06-01 [Fiserv ITI's Premier Suite Chosen by Southwest Securities; Bank Cites Product Integration and an Array of Client Service as Reason for Choice - Fiserv](https://news.google.com/rss/articles/CBMixwFBVV95cUxNWldGelc5SllqVGhLRjZhbGpwamFJZjdheHNHbi1NSjB1YVE2MS1lTjdpQjBONU94Q19uWktvMks2S2c4RjhwbEFPMDFxOGlKZWVJLThIVHBpVW5ONVA0YkxwSjJ0YWpQdE94MThsOTNyUmd6WHpPQk90N3RBWVFnbk1SSjRGcTlBMzdPNmZwVUp4V2tlZWV6SlMxV0c5cXJ0cGhvSXQ4a1pzSkpTRkNfVEtkVG5CaU1YNWE4eXZndzNLQWRRNU1B?oc=5) · Fiserv
- 2006-09-12 [BB&T to Acquire Texas-based Nonprime Auto Finance Company - InsideARM](https://news.google.com/rss/articles/CBMiiAFBVV95cUxOWmZCWnRCVHF5eXVRRjBZVDlmeV9takxfNGM4SmJGZzNCVnZqNm5tREpZdFRjRU9XaUVZemw2c0ZoNU5NejBweWxpbFN0UVZfWE5DbzJORDRqclZ3WHh5ZFlUNWNHMlhMR1JJTi1USk05QkYtQ0p1TmVDYlJjSFNxcWwwUDZSQ0g4?oc=5) · InsideARM
- 2017-06-06 [Western Heritage Bank Announces Expanded Las Cruces Board of Directors - KRWG Public Media](https://news.google.com/rss/articles/CBMisAFBVV95cUxPSDM4RVJSNTlWS0VzRWNJRXVGTFY5QXlud0FzYldhVlY4N2x0NEtJV1VLMnlxODJnRngtUElYc3VqTi10XzlkMEt4ODhUdFhqZU1tN3BxR3pxeDAtZDZOc3hYdmV1SXAtNTMyS0V3RXptZTRpdzU4aDNoenMxR2R5TURyNnJ6dTJvWktYS2VsaG1tRURob2M2VzF2cGtWelBpUjR3bGxGOU5LajNhemRubQ?oc=5) · KRWG Public Media
- 2022-11-11 [NexBank announces John Holt will retire as CEO - The Business Journals](https://news.google.com/rss/articles/CBMijAFBVV95cUxOSlJCLUNLemE5bVMxNmxvSWNKTDlwdmcxSEhCaVFNamlQS2pFdmFQdnNxZlFvZldiVTJSdWh1X1pGcDNiRjg3Y2JNcmwtWEJvOGZPajJGVTE3ZTg2UUhURll1bENhVEwxMVhreFZqT1ppa1MwTTBOSFpNSUs0ZDg3Uk1ZZFUwSFpqVjhaVw?oc=5) · The Business Journals
- 2013-05-24 [People May 27, 2013 - The Business Press](https://news.google.com/rss/articles/CBMijAFBVV95cUxQQVBNZ3J6NVlUSklQbWEwcU1lMURJLTBmWDdYMEFvVEJvUUZPVU16TW9WVDQwTnRmSFBUcXNYNnVEMnFfWnlzQkF5a3R2MzEzNWVhZXBYNGhmTTZxczZfN0dySDZFVGJaRVRhM3lzSmlsSllTcFVMWmYzbW5ndVJxSXlLckliTFpMaHdqVA?oc=5) · The Business Press

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=32460 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/12.json (key "32460", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide