Southwest Heritage Bank
Scottsdale, Arizona, Maricopa County
$893M in total assets, the 1,180th largest of 4,309 US banks and 4th of 13 headquartered in Arizona.
- FDIC certificate
- 29087
- Established
- 1934
- Owned by
- Bancorp 34 Inc
- Primary regulator
- OCC
- Website
- www.swhbank.com
At a glance
Compared with 2660 US banks with $100 million to $1 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $893M | 96% | $324M | |
| Loans | $707M | 97% | $210M | |
| Deposits | $754M | 96% | $275M | |
| Return on assets | 0.87% | 27% | 1.21% | |
| Net interest margin | 4.04% | 56% | 3.93% | |
| Efficiency ratio | 67.5% | 64% | 62.4% | |
| Equity to assets | 13.70% | 82% | 10.38% | |
| Loans to deposits | 94% | 79% | 81% |
Growth
Total assets grew 12.8% a year over the last 5 years and 12.0% a year over 10 years, including 1 acquisition in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Mar 2024 | Commerce Bank of Arizona Tucson, AZ | $434M |
| Aug 2014 | Bank 1440 Phoenix, AZ | $87M |
Where they operate
8 branches in 4 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Maricopa County, AZ | $309M | 0.2% | 27 of 55 |
| Pima County, AZ | $251M | 1.3% | 10 of 18 |
| Dona Ana County, NM | $96M | 2.9% | 11 of 17 |
| Otero County, NM | $96M | 12.5% | 3 of 8 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 4 branches since 2016 (4 to 8, +100.0%). 1 opened, 5 acquired, 2 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 4 | |||
| 2022 | Opened AlamogordoClosed Peoria and Scottsdale | 1 | 2 | −1 | 3 |
| 2024 | Acquired Commerce Bank of Arizona | 5 | 0 | +5 | 8 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 63% | 25% | |
| Business (C&I) | 12% | 11% | |
| Construction and land | 9% | 7% | |
| 1-4 family residential | 9% | 32% | |
| Multifamily | 7% | 4% | |
| Farmland | 0% | 9% | |
| Consumer | 0% | 4% | |
| Agricultural | 0% | 6% | |
| Other | 0% | 1% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 58% | 45% | |
| Noninterest-bearing | 21% | 22% | |
| Time deposits | 21% | 33% |
Brokered deposits are 0.3% of deposits (peers 3.3%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.39% | 0.40% |
| Net charge-offs, annualized | 0.29% | 0.01% |
| Reserves to loans | 1.23% | 1.19% |
| Leverage ratio | 13.36% | 10.99% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Arizona
Largest competitors in Maricopa County, AZ
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/southwest-heritage