# FIRST SOUTHWEST BANK
DURANGO, CO · FDIC certificate 57741 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *funding-stretched*. Composite score 1 (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 | $657.5M | |
| Deposits | $491.7M | |
| Loans and leases | $341.9M | |
| Total equity | $87.2M | |
| Loans / deposits | 68.62% (p23 of band) | 82.04% |
| Liquid assets / assets | 43.15% (p86 of band) | |
| Uninsured deposits / deposits | 21.47% (p34 of band) | 25.97% |
| Brokered deposits | 9.53% | |
| Wholesale funding | 20.73% (p94 of band) | |
| FHLB advances / assets | 7.91% | |
| Tier 1 leverage | 15.31% (p91 of band) | 10.81% |
| Unrealized securities loss / equity | -25.21% (p16 of band) | -8.10% |
| AOCI / equity | -0.56% (p39 of band) | |
| ROA (annualized) | 0.60% (p14 of band) | 1.28% |
| Net interest margin | 3.43% (p25 of band) | 3.91% |
| Efficiency ratio | 79.89% (p89 of band) | |
| Noncurrent loans | 0.04% (p17 of band) | 0.43% |
| Net charge-offs (annualized) | 0.03% (p68 of band) | |
| Reserve coverage of noncurrent | 3035.57% | |
| Real estate % of loans | 83% | |
| Construction % of loans | 41.14% (p48 of band) | |
| Auto loans | $2.5M (0.74% of loans; DQ 0.16%, NCO 0.01%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 7.0% | |
| Employees | 95 | |

## Flags firing in the latest filing

- **wholesale funding >15%** (`liq_wholesale`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | noncurrent p90, reserve under noncurrent |  |
| 2011-06 | 2 |  |  |
| 2011-09 | 3 | losing money |  |
| 2011-12 | 5 | capital falling, charge-offs p90 |  |
| 2012-03 | 2 |  | losing money, capital falling, charge-offs p90 |
| 2012-06 | 4 | losing money, expense ratio p90 |  |
| 2012-09 | 2 |  | losing money, expense ratio p90 |
| 2012-12 | 2 | charge-offs p90 | noncurrent p90 |
| 2013-03 | 2 |  |  |
| 2013-06 | 1 |  | charge-offs p90 |
| 2013-09 | 1 |  |  |
| 2013-12 | 1 |  |  |
| 2014-03 | 3 | losing money, expense ratio p90, charge-offs p90 | reserve under noncurrent |
| 2014-06 | 3 | capital falling | charge-offs p90 |
| 2014-09 | 2 |  | capital falling |
| 2014-12 | 2 |  |  |
| 2015-03 | 1 | capital falling | losing money, expense ratio p90 |
| 2015-06 | 2 | reserve under noncurrent |  |
| 2015-09 | 0 |  | capital falling, reserve under noncurrent |
| 2015-12 | 0 |  |  |
| 2016-03 | 0 |  |  |
| 2016-06 | 1 | capital falling |  |
| 2016-09 | 0 |  | capital falling |
| 2016-12 | 0 |  |  |
| 2017-03 | 0 |  |  |
| 2017-06 | 0 |  |  |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 1 | capital falling |  |
| 2019-12 | 0 |  | capital falling |
| 2020-03 | 0 |  |  |
| 2020-06 | 1 | capital falling |  |
| 2020-09 | 1 |  |  |
| 2020-12 | 1 |  |  |
| 2021-03 | 1 |  |  |
| 2021-06 | 1 |  |  |
| 2021-09 | 1 |  |  |
| 2021-12 | 0 |  | capital falling |
| 2022-03 | 2 | AOCI drag >20% of equity, securities losses >30% of equity |  |
| 2022-06 | 1 |  | AOCI drag >20% of equity |
| 2022-09 | 2 | AOCI drag >20% of equity |  |
| 2022-12 | 1 |  | AOCI drag >20% of equity |
| 2023-03 | 2 | deposits shrinking |  |
| 2023-06 | 2 |  |  |
| 2023-09 | 1 |  | deposits shrinking |
| 2023-12 | 1 |  |  |
| 2024-03 | 2 | capital falling |  |
| 2024-06 | 1 |  | capital falling |
| 2024-09 | 1 | wholesale funding >15% | securities losses >30% of equity |
| 2024-12 | 1 |  |  |
| 2025-03 | 4 | capital falling, expense ratio p90, uninsured deposits leaving |  |
| 2025-06 | 4 |  |  |
| 2025-09 | 2 |  | expense ratio p90, uninsured deposits leaving |
| 2025-12 | 2 |  |  |
| 2026-03 | 2 |  |  |
| 2026-06 | 1 |  | capital falling |

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

- 2026-09-02 [AI in banking: the good, the bad, and the efficient - marketplace.org](https://news.google.com/rss/articles/CBMimwFBVV95cUxQU2hmV0ItUVctR0ZlNEtIN0JFRGF4VlJVWnd1SVhicEI3Wm9PSEdwNDJEM1podDVjWFRiUjRKekd6Tk1KQjVqR19HQk4zN3NUVk9YVGdXV3NTeVQ4aFh2WG9BN3JBbVNtMTNxaVFzckt5RS1LRjdPTWZyZGZhbFFrTkFFdm9najdiRExoZHpFQU8wRnU2NHRoYWRmbw?oc=5) · marketplace.org
- 2026-06-26 [First Southwest Bank announces board changes in Durango - ColoradoBiz](https://news.google.com/rss/articles/CBMigwFBVV95cUxQNkF5Z28tOGprZkFJdUlHZDhfczZIZU5tZ0JrZ0hxWS1rd3ZnNlVuVFVhR1VwQktHc3h0M1NXLVJBbk9TRWpJWE9nNFFCcmJzdU5jME42X1pic2ZOb0hpYVZ1cEZReE82a29wbnFlNk8tUWZjLTJXdHlNWjVWeVozSmJYOA?oc=5) · ColoradoBiz
- 2026-02-07 [Why personal relationships matter more than ever in community banking - Alamosa Valley Courier](https://news.google.com/rss/articles/CBMirgFBVV95cUxNbGFCY0Z4SGtteHViSDJqNndpTkFjSnZCV3Q0dGtTRW5relNHbGU5cXg4ZEFzMDdHVG1aUlRObExSelM4dWhZZVRQN0JlOEJYZ0k1UnV1TVhqb0dtZDB5TFY0Wm1oU0cxNVNNRGt2VU83OGMydFB1eG9rR2h6ak42X3RIbjZXaGhyd2Nqdkloc1NiVnF4QlpsejduWUdrTG1OQlNYdUtJUk1XWEtId2c?oc=5) · Alamosa Valley Courier
- 2022-08-10 [Isaiah Padilla celebrates year at First Southwest Bank - Front - The Journal](https://news.google.com/rss/articles/CBMilwFBVV95cUxNSno5NXBBRHR0YWgxQnpwdUZWWUV2UlA3ekVveEpjUkl3VFM1TC1QUnFWZUFLd1VpUGpucjdQYVV3YW5HVWVMNHpnNG15UDNjVWVnb0RPUkN6N1VqNmE2aDQ4LS1YUUJjMkJDbzBHcGZYRnQwUzB5cVloZFVsSm9PNXJZRWhheHFzckIzQzJXRGowRzJfYVRr?oc=5) · Front - The Journal
- 2024-02-27 [First Southwest Bank appoints Eric Guttormson to senior lending officer - Front - The Journal](https://news.google.com/rss/articles/CBMiqAFBVV95cUxNR3M3X2UxeDhJd1VuNWJjWVdDS0dINjd6ekEyUzg1Zzh0dFVCU3FkMEkyNTVTZ2EtTGNVZ2kyckI5MjVRMWU4TnRWWjdtNVNpNmtoSVYzRUJWQUpSX1FFQjBqeTdLNVhuUU9JQ2VGRnJ3cmRVZ0s0SnRpaGNiVEhBREN2LVNySWZLNDJuWFRBM3Q4UW9EVzJXN19sdVVlUEI5amtDMkRfN3c?oc=5) · Front - The Journal
- 2024-04-24 [First Southwest Bank secures grants for eight small businesses - ColoradoBiz](https://news.google.com/rss/articles/CBMikAFBVV95cUxOWWNNSktlQnpsNmdxQmIzRnVJZEx1d3BwMTFSeWhDZEkzQ0gycjVucXJFSnc4d0p4bmx4d2JscGpaYXNiSjZpV1NLeWNjQ0drX2sxZmtybFY2TF9TZ1RvX0ktSy0wdlhaV2NPaEtMUzB5cXZHb2Rjc2VheU8xYVFHdXlGUEo5bGZlWXhvTVlqT2k?oc=5) · ColoradoBiz
- 2025-08-01 [First Southwest Bank closes first NSBCI Loan - Alamosa Valley Courier](https://news.google.com/rss/articles/CBMijAFBVV95cUxNNlV5dXZVeTNxTHVIekNWbkRCMkpaWGxEa2ZwMEFsc1IzOWJvWmRkOExkMk5Rb1NfWnJ5ZkNabWYtUUlnbk1sRVMzTTFJcE9lX2VPREhEUm1wb1hDRkVSMXBQYjNmWUVtNzZZTVo1R2RRRkhtY2Q0THB6b2J1Um0zWUh4WGQxVHMwaWRCZw?oc=5) · Alamosa Valley Courier
- 2021-03-05 [Colorado’s smallest small businesses can now get larger federal coronavirus loans - The Colorado Sun](https://news.google.com/rss/articles/CBMimgFBVV95cUxNQTN6N0tzX0tUQzVHbDg0OFF1NU4wVjlfeDVKYjhkVDRXUFhwX2NSX0VMd2hiVElDYUhWSFhNTDdYT1M3TDI2Y1ptRVRGRW9qd2plTnR5RGV1M0VxV2ZaZDFIcGI3dnI2VUNBLWczUE5iUDcwSG9JVnZyWnpUVm1GMHRCU1JVNk5rSUxEN2hiVk43LTZ3NjdYQ05R?oc=5) · The Colorado Sun

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=57741 (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/13.json (key "57741", 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