$27.9M
total assets, September 30, 1997
Southwest Bank was a state nonmember bank in Jennings, LA. It failed on Nov 21, 1997, and First Southwest Bank took over its deposits. At its last report it held $27.9 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1997
This bank failed
- Failed on
- Nov 21, 1997
- Assets
- $27.9M
- Deposits
- $27.5M
- Estimated cost
- $5.0M
- Deposits went to
- First Southwest Bank, Jennings, LA
Total assets
$27.9M
+10.0% in a year · +6.7% in a quarter
Deposits
$27.5M
+14.0% in a year · +8.6% in a quarter
Loans
$21.3M
+15.9% in a year · -1.2% in a quarter
Profit so far
-$943K
Jan 1 to Sep 30, 1997
Capital ratio
0.33%
-3.76 pts in a year
Return on assets
-4.79%
-1.33 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 500 North Cary Avenue, Jennings, LA, 70546
- County
- Jefferson Davis
- Established
- Jan 5, 1961
- Failed
- Nov 21, 1997
- Employees
- 22
- Branches
- 1
- Id
- b18338
Quarter by quarter
March 31, 1984 to September 30, 1997
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Southwest Bank?
$27.9 million in total assets and $27.5 million in deposits as of September 30, 1997, with assets up 10.0% from a year before. Its loans were $21.3 million.
How many branches does Southwest Bank have?
1 branch in Louisiana as of June 30, 2026.
Is Southwest Bank profitable?
No: it lost $943,000 from January 1 to September 30, 1997. Its return on assets was -4.79% a year; about 1% is typical.
When did Southwest Bank fail?
Nov 21, 1997. First Southwest Bank of Jennings, LA took over its deposits. The estimated cost of the failure was $5.03 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.