Southwest Heritage Bank: Financial Reports & UBPR Data
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Data as of · sourced from FFIEC call reports. How we update
Southwest Heritage Bank leans heavily on commercial real estate. The Scottsdale, Arizona bank had $893 million in assets at June 30, 2026, down 3.7% from a year earlier. It holds commercial real estate loans worth 3.2 times its capital, 2.7 times the median of 1.2 times for the 2,660 banks with $100 million to $1 billion in assets. It also lost 5.6% of its deposits over the year, lower than about 9 in 10 banks its size (median 4.0%).
Net income for the quarter slipped 16% from a year earlier, to $2.1 million. Over the same year, loans grew 4.5% and deposits shrank 5.6%. Funding is the softer spot: it pays an average of 2.48% on its deposits and borrowings, higher than about three-quarters of banks its size (median 1.80%).
As of June 30, 2026, Southwest Heritage Bank reported a CET1 capital ratio of 15.11%, a return on assets of 0.93%, a nonperforming-loan ratio of 0.67% and a Texas ratio of 2.20%, according to its call report filed with the FFIEC.
Headquarters Profile
- Address
- 8777 E Hartford Dr, Scottsdale, AZ 85255
- County
- Maricopa
- Metro Area
- Phoenix-Mesa-Chandler, AZ
- Charter
- State-chartered stock savings and loan association, FDIC-supervised (pre-2011 OTS)
- Primary Regulator
- OCC
- FDIC Region
- San Francisco (Region 14)
- Federal Reserve member
- —
- Federal Reserve district
- District 12, San Francisco
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- August 1, 1934
- Former names
- Bank 34 (2015-2024)
- Offices
- 9 domestic
- Employees (FTE)
- 107
- Domestic deposits
- $753.6M
- Allowance for credit losses
- $8.7M
- Net charge-offs (YTD)
- $1.0M
- Average total assets
- $914.2M
- Average total loans
- $709.4M
- Average interest-bearing deposits
- $573.6M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 29087
- Fed RSSD
- 955977
- SEC CIK
- 1668340 → filed by BANCORP 34, INC.
- Website
- www.swhbank.com →
- Parent Holding Company
- BANCORP 34, INC. (RSSD 5009026) · BCTF
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| James Crotty | CEO | Co-President and CEO |
| Jan R Thiry | CFO | EVP, CFO and Treasurer |
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Rows tagged YTD are fiscal year to date through June 30, 2026, as filed. Net income is tagged Q2 because it is that quarter's own figure, not a running total, so it cannot be compared with a YTD row. ROA, ROE and net interest margin are the quarter's own income, annualized. The UBPR and FDIC annualize the year to date instead, so after the first quarter their figures differ from ours; where the UBPR has this quarter, its value is shown beside each as YTD.
Quarterly trends
Last 12 quarters from this bank's own FFIEC call reports. Dollar figures are the quarter's own amount: the income statement is filed year to date, so those lines are shown net of the preceding quarter.
Balances at each quarter end. The gap between the two lines is equity capital.
Balances at each quarter end. Loans rising toward deposits is the loan-to-deposit ratio tightening.
Balances at each quarter end. Each line is its own balance, not stacked on the other.
Each bar is that quarter alone. The gap between the two is net interest income.
What the balance sheet earned on spread that quarter, before fees and operating costs.
Fees, trading and other income against salaries, premises and the rest of the cost base.
What the bank charged to earnings that quarter to build its allowance for expected losses.
Net income for the quarter alone. The Call Report reports it year to date; this series converts it to the single quarter, so each bar covers three months.
CET1 is common equity tier 1 as a share of risk-weighted assets; the leverage ratio is tier 1 capital as a share of average total assets. A bank that files the community bank leverage ratio reports no CET1 ratio, so only its leverage line appears.
Inside the full Southwest Heritage Bank terminal
26 years of quarterly trends · 8 tabs · peer percentiles · Excel export
Unlock Southwest Heritage Bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans exceed 300% of total capital, the threshold at which the 2006 interagency guidance flags a bank for heightened supervisory scrutiny. CRE concentration has been the central stress vector for regional banks since 2023. 2006 Interagency CRE Concentration Guidance (SR 07-1).
Southwest Heritage Bank rankings
How this bank ranks on each leaderboard. Click any rank to see the full ranked list.
Ranked among banks that report this metric, so the total differs from card to card. The CET1 ranking leaves out community bank leverage ratio filers, which report no CET1 ratio.
Quarterly trend: last 8 quarters
Quarter-over-quarter movement in the five most-watched ratios. Sourced from the bank's own FFIEC call report filings.
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 15.11% | 0.93% | 0.67% | 2.20% | 3.93% |
| Q1 2026 | 14.71% | 0.85% | 1.83% | 8.78% | 3.96% |
| Q4 2025 | 14.17% | 0.81% | 1.60% | 7.41% | 3.81% |
| Q3 2025 | 14.29% | 0.85% | 1.73% | 7.73% | 3.62% |
| Q2 2025 | 14.18% | 1.08% | 0.64% | 1.42% | 3.78% |
| Q1 2025 | 13.56% | 1.12% | 0.83% | 2.33% | 3.73% |
| Q4 2024 | 13.74% | 0.18% | 0.70% | 2.51% | 3.79% |
| Q3 2024 | 13.03% | 0.85% | 0.47% | 1.17% | 3.88% |
Swipe the table sideways to see every column.
Branch Network
Every branch from the FDIC Summary of Deposits, listed with the deposits booked at each location. The FDIC's office count above also includes administrative and limited-service offices, so the two totals can differ. View all 8 branches →
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Scottsdale Branch | Scottsdale , AZ | 85254 | $302.9M |
| Commerce Bank of Arizona Branch | Tucson , AZ | 85711 | $103.5M |
| Commerce Bank of Arizona Branch | Tucson , AZ | 85704 | $97.0M |
| Las Cruces Branch | Las Cruces , NM | 88011 | $96.4M |
| Alamogordo Branch | Alamogordo , NM | 88310 | $96.3M |
| Green Valley Branch | Green Valley , AZ | 85622 | $51.0M |
| East Valley Branch | Gilbert , AZ | 85234 | $6.4M |
| Southwest Heritage Bank (main office) | Scottsdale , AZ | 85255 | $0 |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| March 19, 2024 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| March 19, 2024 | Structure Change | Acquired Commerce Bank of Arizona Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| August 30, 2014 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| August 30, 2014 | Structure Change | Acquired Bank 1440 Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 4 events.
Regulatory record
What the public regulatory sources show for Southwest Heritage Bank, each with its period and source. These are facts as filed or published, not a rating or score. "Not on file" means we hold no record from that source, which is not the same as a clean record.
- Enforcement actions
- Not on file: no matched FDIC, Federal Reserve or OCC action
- Period: not on file. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.2% of deposits in AZ, rank 24 of 59 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 27 applications, 23 loans originated, $3.4M originated, across 3 states
- Period: Calendar year 2020. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 4 loans, $2.5M approved, $630K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2024 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Consumer complaints
- Not on file: no CFPB complaints matched
- Period: not on file. Source: CFPB consumer complaint database.
- CFPB enforcement
- Not on file: CFPB enforcement actions are not loaded
- Period: not on file. Source: CFPB enforcement actions.
- CRA examination rating
- Not on file: FFIEC CRA ratings are not loaded
- Period: not on file. Source: FFIEC CRA ratings.
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Frequently asked about Southwest Heritage Bank
What are Southwest Heritage Bank's total assets?
As of the Q2 2026 filing, Southwest Heritage Bank reported total assets of $892.8 million in its FFIEC call report. All figures come directly from the bank's quarterly Schedule RC filing.
Where is Southwest Heritage Bank headquartered?
Southwest Heritage Bank is headquartered in Scottsdale, AZ, United States. It files quarterly FFIEC call reports, as every FDIC-insured savings and loan association must.
When was Southwest Heritage Bank founded?
Southwest Heritage Bank was established in 1934, per the FDIC institution directory.
Is Southwest Heritage Bank FDIC-insured?
Yes. Southwest Heritage Bank is an FDIC-insured savings and loan association (FDIC Certificate #29087). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Southwest Heritage Bank?
Southwest Heritage Bank's primary federal regulator is the OCC. All FDIC-insured banks also report to the FDIC and, depending on charter, the Federal Reserve.
What is Southwest Heritage Bank's CET1 capital ratio?
Southwest Heritage Bank reported a Common Equity Tier 1 (CET1) capital ratio of 15.11% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Southwest Heritage Bank operate?
Southwest Heritage Bank operates 9 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Southwest Heritage Bank's Texas Ratio?
Southwest Heritage Bank's Texas Ratio is 2.20% in its Q2 2026 call report, within the healthy range (under 25%). The Texas Ratio measures non-performing assets against the bank's capital and reserves; the glossary entry for the Texas Ratio carries the full definition.
What was Southwest Heritage Bank previously called?
The charter now named Southwest Heritage Bank has also operated as Bank 34 (2015-2024), per FDIC structure-change records.
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