Applications / Mortgage Analytics / Lenders / New Mexico / Bank of the Southwest
Roswell, NM · State non-member bank · FDIC · $181 million assets · 51 loans in 2025
Bank of the Southwest's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
51
loans originated, 2025
71
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Bank of the Southwest lends on manufactured homes far more than other banks its size, and its loan count rose by 34% in 2025, to 51.
Manufactured homes made up 27.5% of its loans, against 2.5% at similar lenders (lenders of the same type making between half and twice as many loans). Only about one in twenty of them had a higher share. Two-thirds of its loans were refinances. That mix keeps its loans small: the typical one was $105,000, against $165,000 at similar lenders.
Its loan count rose from 38 to 51 in 2025, while similar lenders grew by 5% and the whole market by 10%. It grew faster than about four in five of them. It filed no report for 2020 to 2022; those years are gaps in the record, not years without lending.
Nearly half its loans, 49.0%, were in census tracts where most residents belong to minority groups, against 6.0% at similar lenders. That puts it among the highest tenth. It may simply reflect the New Mexico counties in which it lends.
It has lent in Farmington since 2000. Its share there fell by 0.6 points to 0.5%, and it ranks 32 of 153. With about fifty loans spread over five counties, a few loans either way move that share, and the figures do not show a cause.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Years with no HMDA report from this lender are left out: since 2020 a bank making fewer than 100 closed-end loans a year need not report. Bank of the Southwest took 71 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 66.7% · Purchase 31.4% · Home improvement 2.0%
Conventional 100.0% · of 51 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| New Mexico | 51 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Farmington | 8 |
| Las Cruces | 6 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900CUL2SYJXAEFW91 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 499752 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 32247 | 2000–2017 |
Established 18 March 1930. Reported under HMDA 2000-2025.
Mergers, name changes, data editions and corrections: Bank of the Southwest's data.
Bank of the Southwest's data
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Bank of the Southwest and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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