Southwest Heritage Bank
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Data as of · sourced from FFIEC call reports. How we update
Southwest Heritage Bank is an FDIC-insured savings and loan association headquartered in Scottsdale, AZ, established in 1934 (FDIC certificate 29087), and it is supervised by the OCC. At Q2 2026 it reported total assets of $892.8M, down 3.7% from Q2 2025, the 4th largest of 12 banks headquartered in Arizona. Its CET1 capital ratio was 15.11% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Savings and loan association
- Regulator
- OCC
- Deposit insurance
- FDIC
- FDIC certificate
- 29087
- Headquarters
- Scottsdale, AZ
- Established
- 1934
- Total assets, Q2 2026
- $892.8M
- Assets vs Q2 2025
- -3.7%
- CET1 ratio, Q2 2026
- 15.11%
- Domestic offices
- 9 FDIC institution directory, current count
- Routing number
- 122106251
- Latest call report
- Q2 2026, FFIEC 051 · Southwest Heritage Bank call report
- Holding company
- BANCORP 34, INC.
- Asset rank in state
- 4th of 12 in Arizona
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%. The figures come from its call report filed with the FFIEC.
Southwest Heritage Bank ranks as the 4th largest of the 12 banks based in Arizona, by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets fell 2.4% to $892.8M, loans rose 0.2% and deposits fell 3.7%. Non-owner-occupied commercial real estate loans made up 41.5% of its total loans on June 30, 2026, its largest category; next came owner-occupied commercial real estate loans at 21.5%. The FDIC Summary of Deposits lists 8 offices for it, in 6 cities across 2 states; its Scottsdale 2 offices book 40% of its branch deposits. By the capital ratios in its Q2 2026 call report, Southwest Heritage Bank meets every capital ratio test for well capitalized.
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)
- Domestic offices
- 9 FDIC institution directory, current count
- 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
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Southwest Heritage Bank's total assets ran between $579.2M (Q4 2023) and $975.4M (Q1 2024), and it earned a profit in 9 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$892.8M total assets against $927.5M; $770.5M total liabilities against $816.1M.
$698.4M net loans and leases against $665.9M; $753.6M total deposits against $798.3M.
$95.8M securities against $103.1M; $47.4M cash and balances due against $104.2M.
$13.2M total interest income against $13.5M; $4.6M total interest expense against $5.1M.
$8.6M net interest income against $8.4M.
$596K total noninterest income against $218K; $6.5M total noninterest expense against $6.6M.
$0 provision for credit losses against -$1.2M.
$2.1M net income against $2.5M.
0.93% return on assets against 1.08%; 3.93% net interest margin against 3.78%.
15.11% CET1 capital ratio against 14.18%; 13.36% tier 1 leverage ratio against 11.86%.
Inside the full Southwest Heritage Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this 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
Its closest position to the top of a national ranking is 1,146 of 4,196, for total assets; its furthest is 2,649 of 3,611, for ROA.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.18% (Q4 2024) to 1.12% (Q1 2025) and its net interest margin ran from 3.62% (Q3 2025) to 3.96% (Q1 2026).
| 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% | 0.84% | 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
View all 8 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| 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
Facts as filed or published, not a rating.
- Deposit market share
- 0.2% of deposits in AZ, rank 24 of 57 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).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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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.
Where is Southwest Heritage Bank headquartered?
It is headquartered in Scottsdale, AZ, United States.
When was Southwest Heritage Bank founded?
It was established in 1934, per the FDIC institution directory.
Is Southwest Heritage Bank FDIC-insured?
Yes. It 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.
What is Southwest Heritage Bank's CET1 capital ratio?
It 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?
It 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?
Its Texas Ratio is 2.20% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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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