Failed Bank List

Closed Friday, May 14, 2010 · Springfield, Greene County, Missouri

Southwest Community Bank

In the three years to the third quarter of 2009, Southwest Community Bank's assets grew 101%. Equity capital was below zero at its last report. It was one of six banks in Missouri to fail in 2010.

On the books, 2002 to 2010

Total assets and equity capital each quarter before closing, and the estimated lossTotal assetsEquity capitalEstimated loss$0$40M$80M$120M$160M2003200420052006200720082009Closed
Total assets peaked at $146 million and were 31% lower at the final report. Equity capital had covered 8.1% of assets in the second quarter of 2002. The deepest annual loss, $5.2 million, was booked in 2009.
Net income in each reporting year before closing, with equity capital as a share of assets at year endNet income per yearEquity to assets at year end$6M−$6M2002: $20 thousand20029.7%2003: $222 thousand20038.2%2004: $460 thousand20047.1%2005: $592 thousand20057.8%2006: $725 thousand20068.4%2007: $395 thousand20077.8%2008: $280 thousand20087.0%2009: −$5.2 million20092.2%2010: −$4.9 million2010*neg.
* 2010: January to March only, the last report before closing.

Size against the other 2010 failures

Total assets of the 157 banks that failed in 2010, log scale$1M$10M$100M$1B$10B$100B
Total assets of each 2010 failure, log scale; Southwest Community Bank in red.

By assets it ranked 120th of the 157 failures in 2010. Within Missouri it ranks 20th by size of the 122 failures recorded since 1934. Across the failures of 2010, the median estimated loss came to 21% of assets. In the size ranking of that year, just above it was Granite Community Bank, NA of Granite Bay, California ($103 million, loss 13% of assets); just below, Community Security Bank of New Prague, Minnesota ($101 million, loss 18% of assets). Every 2010 failure in the explorer.

Three other banks closed that day; the largest was Midwest Bank and Trust Company of Elmwood Park, Illinois, at $3.2 billion.

Failures in Missouri

The previous failure there was BC National Banks of Butler, on April 30, 2010. The next was Premier Bank of Jefferson City, on October 15, 2010. No other failed bank in the FDIC's records was based in Greene County.

Bank failures in Missouri per year, 1980 to 20260258101982: 21983: 11984: 21985: 91986: 101987: 41988: 21989: 71990: 61991: 21992: 81994: 12008: 22009: 32010: 62011: 12012: 419801990200020102020
Per year since 1980, 2010 in red. Every Missouri failure

The acquiring bank

Simmons First National Bank of Pine Bluff, Arkansas took over four failed banks between 2000 and 2026. The others:

All 4 banks it took over.

  • Security Savings Bank, F.S.B.Olathe, KS · October 15, 2010
  • Truman BankSt. Louis, MO · September 14, 2012
  • Excel BankSedalia, MO · October 19, 2012

FDIC certificate 34255 · loss estimate as of July 31, 2026 · How to read this page