Bank · FDIC insured
First Southwest Bank
A $657.5M bank headquartered in Durango, CO, with 6 branches in Colorado. Best rates: CDs 3.75% and savings 0.35% APY.
First Southwest Bank Carrot Score
69
Carrot Score
Higher than 23% of U.S. banks and credit unions
#4 of 6 in Durango, CO metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About First Southwest Bank
Founded as First National Bank in 1905 and established as First Southwest Bank in 2004, it is a locally owned independent community bank with six Southern Colorado branches.
It is a certified Community Development Financial Institution (CDFI) and SBA lender focusing on agricultural and small business loans in rural Colorado.
- Headquarters
- 600 E 2nd Ave, Durango, CO 81301
- FDIC certificate
- 57741 ↗
Branches
6 branches in Colorado
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Colorado
6 branches
Durango area · 1
- First Southwest BankMain office600 E 2nd Ave, Durango, CO 81301Directions
Alamosa area · 1
- Alamosa Branch720 Main St, Alamosa, CO 81101Directions
Center area · 1
- Center Branch2060 East Highway 112, Center, CO 81125Directions
Cortez area · 1
- Cortez Branch1510 E Main St, Cortez, CO 81321Directions
Pagosa Springs area · 1
- Navajo Trail Drive Branch249 Navajo Trail Dr, Pagosa Springs, CO 81147Directions
Saguache area · 1
- The Saguache Facility400 4th St, Saguache, CO 81149Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 15.31% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.04% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 0.60% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $70 | $81 | — |
- CapitalLeverage ratio15.31%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.04%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets0.60%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$70Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of First Southwest Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.