Southwest National Bank

Headquarters

400 East Douglas Avenue
Wichita, KS 67202
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.40% →
1-Year CD 1.00% 1.15% →
2-Year CD 1.15% 1.26% →
5-Year CD 1.50% 1.60% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Southwest National Bank is an FDIC insured institution located in Wichita, KS. It was founded in 1915 and has approximately $0.46 billion in assets. Customers can open an account at one of its 8 branches.

FDIC Insured Yes
FDIC Certificate # 4801
Date Established 1915
Assets $ 461.70 million
Loans $ 379.51 million
Deposits $ 410.78 million
Capital $ 44.03 million
 

For a more detailed analysis of Southwest National Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - July 4, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $100 - Learn More
Money Market
0.25% $1 $9,999 Learn More
Money Market
0.35% $10,000 $24,999 Learn More
Money Market
0.40% $25,000 $49,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.25% $500 - Learn More
6 Mo CD
0.50% $500 - Learn More
12 Mo CD
1.00% $500 - Learn More
18 Mo CD
1.00% $500 - Learn More
24 Mo CD
1.15% $500 - Learn More
36 Mo CD
1.25% $500 - Learn More
48 Mo CD
1.45% $500 - Learn More
60 Mo CD
1.50% $500 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.00% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $100 - Learn MoreShow Less

Loan Rates - July 4, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Southwest National Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.039% 3.000% 0.50 $1,250 $1,055 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
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People's United Bank, N.A.
People's United Bank, N.A.
4.000 %
$0 Learn More
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Note to Southwest National Bank
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Branches

Southwest National Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Southwest National Bank Locations


Financial Details

Southwest National Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Southwest National Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Southwest National Bank U.S. Bank Average
0.54% 6.51%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2019, Southwest National Bank had $260,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $44,034,000 in equity and $3,895,000 in loans loss reserves. That gives it a Texas Ratio of 0.54%.

Return on Equity
Southwest National Bank U.S. Bank Average
12.39% 9.41%

Southwest National Bank has a Return on Equity of 12.39% versus the BestCashCow average of 9.41%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Southwest National Bank U.S. Bank Average
9.54% 12.82%

Southwest National Bank has a Capitalization of 9.54% versus the BestCashCow average of 12.82. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Southwest National Bank Balance Sheet Analysis

As of December 31, 2019, Southwest National Bank had assets of $461,701,000, loans of $379,505,000, and deposits of $410,779,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2019
ASSETS
Cash & Balances due from depository institutions $ 18.55 million
Interest-bearing balances $ 6.59 million
Total securities $ 39.46 million
Federal funds sold and reverse repurchase $ 7.00 million
Net loans and leases $ 379.51 million
Loan loss allowance $ 3.90 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 14.52 million
     Total Assets $ 417.67 million
LIABILITIES
Total deposits $ 410.78 million
      Interest-bearing deposits $ 346.87 million
      Deposits held in domestic offices $ 410.78 million
      % insured (estimated) 77.36%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 6.03 million
Subordinated debt N.A.
All other liabilities $ 0.86 million
      Total Liabilities $ 417.67 million
      Shareholders’ Equity $ 44.03 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 21.53 million
Total Interest Expense $ 5.55 million
Net interest income $ 15.98 million
Provision for loan and lease losses $ 0.89 million
Total non interest income $ 3.69 million
Total non interest expense $ 13.18 million
Pre-tax Net Operating Income $ 5.61 million

Bank Loan Profile?

The top three loan types in Southwest National Bank’s loan portfolio are Consumer Auto Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks in Kansas, Southwest National Bank has a significantly higher percent of Multifamily Mortgages, Consumer Auto Loans, Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 7.62
Multifamily
Mortgages
5.67
Credit Card Loans 0.00
Consumer Auto Loans 44.37
Small Business Loans 7.77
Construction and Development Loans 0.93
Commercial Real Estate 29.05
Commercial and Industrial Loans 11.21
Farm Loans 0.00

Frequently Asked Questions About Southwest National Bank

Branches and Savings

Is Southwest National Bank FDIC insured?

Yes. It is covered under FDIC Certificate #4801.

Why does Southwest National Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Southwest National Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Southwest National Bank a commercial bank?

Yes

Where are Southwest National Bank locations?

See branch locations nearby.

Is Southwest National Bank open on Saturdays?

Is Southwest National Bank open on Sundays?

What time does Southwest National Bank open?

What time does Southwest National Bank close?

Are Southwest National Bank ATMs Open 24/7?

Do Southwest National Bank ATMs accept cash deposits?

Can Southwest National Bank customers use other ATMs?

Do Southwest National Bank branches have notaries?

Will Southwest National Bank notarize my document?

What address for Southwest National Bank should I put for incoming ACH transfers?

Will the Southwest National Bank branch print checks?

Do Southwest National Bank checks expire?

Does Southwest National Bank require US citizenship to open account?

Can Southwest National Bank close my account?

Does Southwest National Bank Report to credit bureaus?

Does Southwest National Bank Use Equifax?

What is Southwest National Bank's ACH Routing Number?

What is Southwest National Bank's SWIFT code?

Products

Does Southwest National Bank offer mortgages?

Compare mortgage rates here.

Does Southwest National Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Southwest National Bank offer personal loans?

Compare personal loan rates here.

Does Southwest National Bank offer student loans?

Will Southwest National Bank cash a check?

Will Southwest National Bank redeem a savings bond?

Does Southwest National Bank cash savings bonds?

Will Southwest National Bank cash money orders?

Can Southwest National Bank issue a money order?

Does Southwest National Bank do currency exchange?

Background on The Bank

Who owns Southwest National Bank?

How long has Southwest National Bank been around?

Can Southwest National Bank transfer to other banks?

Does Southwest National Bank have quick pay?

Does Southwest National Bank accept rolled coins?

Will Southwest National Bank accept loose change?

Where is Southwest National Bank headquarters?

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