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First Southwest Bank

Durango, CO · Cert 57741 · First Southwest Bcorp Inc.

State charter, non-member · FDIC · 6 branches

Q2 2026

$657.5MAssets
$341.9MLoans
$491.7MDeposits
$87.2MEquity
Loan mix
87%RE $280.4M11%C&I $34.5M2%Consumer $8.0MQ3 2024Q2 2026
Deposit mix
84%Interest-bearing $411.2M16%Noninterest $80.5MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 0.51%, up 1 bps year over year; NIM at 3.30%.
  • Asset quality: problem loans at 0.04% of loans (-27 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 15.31%, down 167 bps from a year ago.
  • Funding: loans stand at 69.54% of deposits as of Q2 2026.

Return on Assets (quarter, annualized)

0.51%+1 bps YoY

Net Interest Margin (quarter, annualized)

3.30%+28 bps YoY

Efficiency Ratio (quarter, annualized)

80.52%-280 bps YoY

Tier 1 Leverage Ratio

15.31%-167 bps YoY

NIM

4.42%Q2 ’244.80%Q2 ’254.97%Q2 ’26-7%+9%

Non-interest income vs. expense

3.23%Q2 ’243.07%Q2 ’252.94%Q2 ’26+8%+8%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.01%2.05%0.11%0.50%1.25%1.28%0.69%0.51%+1 bps
Return on Equity5.99%12.33%0.71%3.33%8.59%9.23%5.17%3.79%+46 bps
Net Interest Margin3.28%3.13%3.02%3.03%3.11%3.19%3.12%3.30%+28 bps
Efficiency Ratio64.54%50.96%96.73%83.32%59.55%60.64%79.26%80.52%-280 bps
Non-Interest Burden1.43%-0.15%2.89%2.39%1.10%1.32%2.34%2.57%+18 bps
Growth
Asset Growth (YoY)5.58%3.29%11.69%17.85%21.11%17.28%8.09%5.45%-1,240 bps
Loan Growth (YoY)7.97%6.21%9.47%11.57%10.32%10.33%11.49%8.68%-289 bps
Deposit Growth (YoY)1.84%4.39%16.70%26.54%32.74%25.27%12.61%7.04%-1,950 bps
Asset Quality
Nonperforming Loans / Loans0.13%0.12%0.22%0.31%0.06%0.12%0.05%0.04%-27 bps
Net Charge-Offs / Loans0.09%-0.06%0.12%0.03%0.74%0.60%0.11%-0.01%-4 bps
Allowance / Loans1.47%1.45%1.41%1.43%1.42%1.40%1.30%1.32%-11 bps
Allowance Coverage of NPLs11.6x11.9x6.3x4.6x25.3x11.9x24.0x30.4x+25.8x
Capital
Tier 1 Leverage Ratio19.81%19.30%18.64%16.98%16.74%15.31%15.15%15.31%-167 bps
Total Risk-Based Capital34.91%34.58%33.93%32.13%31.99%28.33%28.13%27.81%-432 bps
Equity / Assets17.15%16.18%15.32%14.48%14.58%13.19%13.55%13.27%-121 bps
Liquidity & Funding
Loans / Deposits79.84%76.32%70.40%68.49%66.35%67.22%69.70%69.54%+105 bps
Liquid Assets / Assets9.39%14.36%12.53%7.86%10.18%9.44%6.94%7.02%-84 bps
CRE / Total Capitaln/an/an/an/a154.30%168.84%168.18%n/an/a