Sunwest Bank
Sandy, Utah, Salt Lake County
$4.4B in total assets, the 325th largest of 4,309 US banks and 17th of 45 headquartered in Utah.
- FDIC certificate
- 20164
- Established
- 1970
- Owned by
- H Bcorp Llc
- Primary regulator
- FDIC
- Website
- www.sunwestbank.com
At a glance
Compared with 16 banks headquartered in Utah with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $4.4B | 81% | $2.8B | |
| Loans | $3.5B | 88% | $1.5B | |
| Deposits | $3.4B | 81% | $2.3B | |
| Return on assets | 1.89% | 31% | 2.05% | |
| Net interest margin | 4.29% | 25% | 6.11% | |
| Efficiency ratio | 61.6% | 81% | 37.5% | |
| Equity to assets | 9.35% | 6% | 14.47% | |
| Loans to deposits | 104% | 67% | 92% |
Growth
Total assets grew 16.5% a year over the last 5 years and 15.9% a year over 10 years, without acquisitions.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Jan 2014 | Syringa Bank Boise, ID | $153M |
| Jan 2013 | Westside Community Bank University Place, WA | $92M |
| Nov 2009 | Pacific Coast National Bank San Clemente, CA | $131M |
| Sep 2009 | First State Bank Flagstaff, AZ | $107M |
| Jun 2009 | MetroPacific Bank Irvine, CA | $75M |
Where they operate
9 branches in 7 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Orange County, CA | $2.6B | 1.6% | 10 of 73 |
| Ada County, ID | $209M | 1.3% | 14 of 23 |
| Salt Lake County, UT | $200M | 0.0% | 38 of 57 |
| Maricopa County, AZ | $137M | 0.1% | 37 of 55 |
| Sarasota County, FL | $105M | 0.6% | 25 of 36 |
| Canyon County, ID | $101M | 3.4% | 12 of 18 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
No net change since 2016 (9 branches then and now). 5 opened, 0 acquired, 5 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 9 | |||
| 2016 | Closed Lewiston | 0 | 1 | −1 | 8 |
| 2017 | Sold 1 branch to Sound Community Bank | 0 | 1 | −1 | 7 |
| 2018 | Opened Scottsdale | 1 | 0 | +1 | 8 |
| 2019 | Opened Sandy and TustinClosed Eagle and Tustin | 2 | 2 | 0 | 8 |
| 2021 | Opened IrvineClosed Sandy | 1 | 1 | 0 | 8 |
| 2022 | Opened Sarasota | 1 | 0 | +1 | 9 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 50% | 20% | |
| Business (C&I) | 21% | 23% | |
| Multifamily | 6% | 2% | |
| Consumer | 6% | 36% | |
| Construction and land | 5% | 7% | |
| 1-4 family residential | 1% | 5% | |
| Other | 11% | 6% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 50% | 40% | |
| Noninterest-bearing | 43% | 19% | |
| Time deposits | 7% | 41% |
Brokered deposits are 4.6% of deposits (peers 29.9%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.60% | 0.51% |
| Net charge-offs, annualized | -0.00% | 0.75% |
| Reserves to loans | 1.77% | 1.72% |
| Leverage ratio | 9.71% | 14.92% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Utah
Largest competitors in Orange County, CA
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/sunwest