Sunwest Bank
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Data as of · sourced from FFIEC call reports. How we update
Sunwest Bank is an FDIC-insured commercial bank headquartered in Sandy, UT, established in 1970 (FDIC certificate 20164), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $4.41B, up 18.6% from Q2 2025, the 17th largest of 44 banks headquartered in Utah. Its CET1 capital ratio was 10.40% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 20164
- Headquarters
- Sandy, UT
- Established
- 1970
- Total assets, Q2 2026
- $4.41B
- Assets vs Q2 2025
- +18.6%
- CET1 ratio, Q2 2026
- 10.40%
- Domestic offices
- 9 FDIC institution directory, current count
- Routing number
- 122228003
- Latest call report
- Q2 2026, FFIEC 041 · Sunwest Bank call report
- Holding company
- H BANCORP LLC
- Asset rank in state
- 17th of 44 in Utah
Sunwest Bank operates with a thinner capital cushion than most banks of its size. Based in Sandy, Utah, it had $4.4 billion in assets at June 30, 2026, up 18.6% from a year earlier. It holds common equity equal to 10.40% of its risk-weighted assets, lower than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median 13.52%). It also holds about half of its deposits (53%) above the FDIC insurance limit, higher than about 9 in 10 banks its size (median 30.9%). It has also been growing, with assets up 18.6% in a year.
Its $1.1 billion non-owner-occupied commercial real estate book is improving, with 0.09% past due or on nonaccrual, down from 2.46% a year earlier. Loans are outrunning deposits: over the year loans rose 14.8% and deposits rose 7.7%. Concentration is the risk to watch: it holds commercial real estate loans worth 3.3 times its capital, higher than about three-quarters of banks its size (median 2.2 times).
As of June 30, 2026, Sunwest Bank reported a CET1 capital ratio of 10.40%, a return on assets of 1.57%, a nonperforming-loan ratio of 0.60% and a Texas ratio of 4.49%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Sunwest Bank is the 17th largest of the 44 banks headquartered in Utah. Between Q1 2026 and Q2 2026, its total assets rose 3.2% to $4.41B, loans rose 1.6% and deposits fell 1.7%. The largest part of its loan book on June 30, 2026 was non-owner-occupied commercial real estate loans, at 31.7% of total loans, ahead of commercial and industrial loans at 20.7%. Its 9 offices in the FDIC Summary of Deposits are in 9 cities across 5 states; its Irvine office books 63% of its branch deposits. Judged on its Q2 2026 call report, Sunwest Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 10011 S Centennial Pkwy, Sandy, UT 84070
- County
- Salt Lake
- Metro Area
- Salt Lake City-Murray, UT
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- San Francisco (Region 14)
- Federal Reserve member
- No
- Federal Reserve district
- District 12, San Francisco
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 041
- Established
- April 9, 1970
- Former names
- Santiago Bank (1973-1980); Santiago Commercial Bank (1972-1973)
- Domestic offices
- 9 FDIC institution directory, current count
- Employees (FTE)
- 341
- Domestic deposits
- $3.40B
- Allowance for credit losses
- $62.4M
- Net charge-offs (YTD)
- -$75K
- Average total assets
- $4.29B
- Average total loans
- $3.24B
- Average interest-bearing deposits
- $1.98B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- April 9, 1970
- FDIC Cert
- 20164
- Fed RSSD
- 140362
- SEC CIK
- 1607768 → filed by H BANCORP LLC
- Website
- www.sunwestbank.com →
- Parent Holding Company
- H BANCORP LLC (RSSD 2453084)
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
From Q3 2023 to Q2 2026, Sunwest Bank's total assets ranged from $2.97B (Q4 2023) to $4.41B (Q2 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$4.41B total assets against $3.72B; $4.00B total liabilities against $3.37B.
$3.46B net loans and leases against $3.01B; $3.40B total deposits against $3.15B.
$629.1M securities against $397.6M; $125.3M cash and balances due against $152.7M.
$58.6M total interest income against $52.9M; $14.3M total interest expense against $11.6M.
$44.2M net interest income against $41.3M.
$1.2M total noninterest income against $3.4M; $28.6M total noninterest expense against $26.4M.
$1.2M provision for credit losses against $2.6M.
$16.9M net income against $14.7M.
1.57% return on assets against 1.62%; 4.25% net interest margin against 4.70%.
10.40% CET1 capital ratio against 10.03%; 9.71% tier 1 leverage ratio against 9.62%.
Inside the full Sunwest 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.
More than half of deposits are uninsured (above the $250K FDIC threshold). Worth understanding the depositor concentration in stressed scenarios. BankRegReports early-warning band.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
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).
Sunwest Bank rankings
Its closest position to the top of a national ranking is 310 of 4,196, for total assets; its furthest is 2,051 of 2,134, for CET1 ratio.
Metric pages for Sunwest Bank: Uninsured deposits.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 1.51% (Q3 2024) to 2.24% (Q4 2025) and its net interest margin ran from 4.25% (Q2 2026) to 4.94% (Q3 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.40% | 1.57% | 0.60% | 4.49% | 4.25% |
| Q1 2026 | 10.11% | 1.73% | 0.65% | 4.92% | 4.27% |
| Q4 2025 | 10.12% | 2.24% | 0.57% | 4.31% | 4.73% |
| Q3 2025 | 10.43% | 2.20% | 0.55% | 4.06% | 4.94% |
| Q2 2025 | 10.03% | 1.62% | 0.31% | 2.35% | 4.70% |
| Q1 2025 | 9.94% | 1.71% | 0.49% | 3.74% | 4.48% |
| Q4 2024 | 9.57% | 1.77% | 0.32% | 2.57% | 4.75% |
| Q3 2024 | 9.62% | 1.51% | 0.32% | 3.76% | 4.57% |
Swipe the table sideways to see every column.
Branch Network
View all 9 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 |
|---|---|---|---|
| Irvine Branch | Irvine , CA | 92614 | $2.15B |
| San Clemente Branch | San Clemente , CA | 92673 | $313.0M |
| Sunwest Bank Branch | Boise , ID | 83706 | $209.1M |
| Sunwest Bank (main office) | Sandy , UT | 84070 | $199.6M |
| Scottsdale Branch | Scottsdale , AZ | 85251 | $136.6M |
| Tustin Branch | Tustin , CA | 92780 | $128.9M |
| Sarasota Branch | Sarasota , FL | 34232 | $105.3M |
| Middleton Branch | Middleton , ID | 83644 | $100.9M |
| Birch Branch | Flagstaff , AZ | 86001 | $49.9M |
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 |
|---|---|---|---|
| September 26, 2026 | Structure Change | Acquired Nano Banc Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| September 25, 2026 | Merger | Participated in FDIC Assisted Merger | FDIC |
| December 31, 2015 | Structure Change | Acquired Sunwest Bancorp, Inc. Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| February 1, 2014 | Structure Change | Acquired Syringa Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| January 31, 2014 | Merger | Participated in FDIC Assisted Merger | FDIC |
| January 12, 2013 | Structure Change | Acquired Westside Community Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| January 11, 2013 | Merger | Participated in FDIC Assisted Merger | FDIC |
| November 14, 2009 | Structure Change | Acquired Pacific Coast National Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| November 13, 2009 | Merger | Participated in FDIC Assisted Merger | FDIC |
| September 5, 2009 | Structure Change | Acquired First State Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| September 4, 2009 | Merger | Participated in FDIC Assisted Merger | FDIC |
| June 27, 2009 | Structure Change | Acquired Metropacific Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| June 26, 2009 | Merger | Participated in FDIC Assisted Merger | FDIC |
| February 5, 2002 | Structure Change | Acquired West Coast Bancorp 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 14 events, scroll the table for the full history.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in UT, rank 47 of 63 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 76 applications, 76 loans originated, $13.1M originated, across 1 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 5 loans, $1.3M approved, $265K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (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 Sunwest Bank
What are Sunwest Bank's total assets?
As of the Q2 2026 filing, Sunwest Bank reported total assets of $4.41 billion in its FFIEC call report.
Where is Sunwest Bank headquartered?
It is headquartered in Sandy, UT, United States.
When was Sunwest Bank founded?
It was established in 1970, per the FDIC institution directory.
Is Sunwest Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #20164). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Sunwest Bank?
Sunwest Bank's primary federal regulator is the FDIC.
What is Sunwest Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 10.40% in its Q2 2026 call report, above regulatory requirements.
How many branches does Sunwest 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 Sunwest Bank's Texas Ratio?
Its Texas Ratio is 4.49% 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 Sunwest Bank previously called?
The charter now named Sunwest Bank has also operated as Santiago Bank (1973-1980), Santiago Commercial Bank (1972-1973), per FDIC structure-change records.
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