# SUNWEST BANK
SANDY, UT · FDIC certificate 20164 · asset band $1-10B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *run candidate*. Composite score 5 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $4.41B | |
| Deposits | $3.40B | |
| Loans and leases | $3.52B | |
| Total equity | $412.0M | |
| Loans / deposits | 101.85% (p89 of band) | 87.10% |
| Liquid assets / assets | 17.11% (p33 of band) | |
| Uninsured deposits / deposits | 53.14% (p93 of band) | 30.76% |
| Brokered deposits | 3.56% | |
| Wholesale funding | 16.39% (p83 of band) | |
| FHLB advances / assets | 12.82% | |
| Tier 1 leverage | 9.71% (p29 of band) | 10.50% |
| Unrealized securities loss / equity | -1.60% (p83 of band) | -7.75% |
| AOCI / equity | -1.11% (p15 of band) | |
| ROA (annualized) | 1.62% (p75 of band) | 1.26% |
| Net interest margin | 4.29% (p81 of band) | 3.70% |
| Efficiency ratio | 61.60% (p59 of band) | |
| Noncurrent loans | 0.60% (p57 of band) | 0.51% |
| Net charge-offs (annualized) | 0.00% (p8 of band) | |
| Reserve coverage of noncurrent | 293.01% | |
| Real estate % of loans | 63% | |
| Construction % of loans | 44.42% (p47 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $79.5M (19% of equity) (p91 of band) | |
| Deposits YoY | 7.7% | |
| Employees | 341 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **uninsured deposits >50%** (`liq_uninsured`)
- **wholesale funding >15%** (`liq_wholesale`)
- **capital falling** (`cap_falling`)
- **run vulnerability** (`liq_runrisk`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 0 |  | reserve under noncurrent |
| 2012-06 | 0 |  |  |
| 2012-09 | 0 |  |  |
| 2012-12 | 0 |  |  |
| 2013-03 | 1 | reserve under noncurrent |  |
| 2013-06 | 2 | noncurrent p90 |  |
| 2013-09 | 2 |  |  |
| 2013-12 | 2 |  |  |
| 2014-03 | 2 | loans exceed deposits | noncurrent p90 |
| 2014-06 | 3 | capital falling, noncurrent p90 | loans exceed deposits |
| 2014-09 | 2 |  | capital falling |
| 2014-12 | 2 |  |  |
| 2015-03 | 3 | charge-offs p90 |  |
| 2015-06 | 2 |  | charge-offs p90 |
| 2015-09 | 1 |  | noncurrent p90 |
| 2015-12 | 3 | capital falling, charge-offs p90 |  |
| 2016-03 | 1 | loans exceed deposits | reserve under noncurrent, capital falling, charge-offs p90 |
| 2016-06 | 3 | wholesale funding >15%, liquid assets <10% |  |
| 2016-09 | 3 | capital falling | liquid assets <10% |
| 2016-12 | 3 | liquid assets <10% | capital falling |
| 2017-03 | 3 | uninsured deposits >50%, run vulnerability | wholesale funding >15%, liquid assets <10% |
| 2017-06 | 3 |  |  |
| 2017-09 | 4 | wholesale funding >15% |  |
| 2017-12 | 4 |  |  |
| 2018-03 | 5 | capital falling |  |
| 2018-06 | 5 |  |  |
| 2018-09 | 5 |  |  |
| 2018-12 | 4 |  | capital falling |
| 2019-03 | 4 |  |  |
| 2019-06 | 4 |  |  |
| 2019-09 | 3 |  | wholesale funding >15% |
| 2019-12 | 4 | wholesale funding >15% |  |
| 2020-03 | 5 | charge-offs p90 |  |
| 2020-06 | 5 | capital falling | charge-offs p90 |
| 2020-09 | 5 |  |  |
| 2020-12 | 4 |  | capital falling |
| 2021-03 | 3 |  | wholesale funding >15% |
| 2021-06 | 2 |  | loans exceed deposits |
| 2021-09 | 1 |  | run vulnerability |
| 2021-12 | 1 |  |  |
| 2022-03 | 1 |  |  |
| 2022-06 | 2 | noncurrent p90 |  |
| 2022-09 | 3 | capital falling |  |
| 2022-12 | 4 | reserve under noncurrent |  |
| 2023-03 | 1 |  | noncurrent p90, capital falling, reserve under noncurrent |
| 2023-06 | 1 |  |  |
| 2023-09 | 1 |  |  |
| 2023-12 | 2 | capital falling |  |
| 2024-03 | 2 |  |  |
| 2024-06 | 3 | wholesale funding >15% |  |
| 2024-09 | 3 | run vulnerability | capital falling |
| 2024-12 | 2 |  | wholesale funding >15% |
| 2025-03 | 2 |  |  |
| 2025-06 | 2 |  |  |
| 2025-09 | 2 |  |  |
| 2025-12 | 3 | loans exceed deposits |  |
| 2026-03 | 2 |  | loans exceed deposits |
| 2026-06 | 5 | loans exceed deposits, wholesale funding >15%, capital falling |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-07-29 [Sunwest Bank Completes Acquisition of Former MidWestOne and Bank of Denver, Colorado Branches from Nicolet National Bank - PR Newswire](https://news.google.com/rss/articles/CBMihgJBVV95cUxNUTdhTFEzMVY1WXBmRWFyNGJOUGFCY0Vwak9wRElSbDdyTnRYZ2ZGM0hPVDlneE5rcTlFYlIwalFwVDJ1WXZmbFFzQjl6X1hWcktmSUpLb2hXejdOSDg2YmxNU0JRcUxjOXBtdTFHZXNkdF9sSGFBN1hZREZKa1R5eUlZSDZ0LXkzRU1WVzNybUhHamdDd0VMUzE3VzVVYUxBSGY4bW1oWTBDenJBbzZCMlU2bWxBNkthZnI4eFhodmNtNm1hVkRtN1VqckduUjBDRm9ib0NqY0J2dUhnZWcxR3FpSWpRWkxkTWFWcVFjTFdQd2hLNUdha0U3RHNXR0x3OXNJU0tn?oc=5) · PR Newswire
- 2026-04-21 [Sunwest Bank Has Entered into a Definitive Agreement to Acquire the Former MidWestOne and Bank of Denver Branches from Nicolet National Bank - PR Newswire](https://news.google.com/rss/articles/CBMiogJBVV95cUxPOW1KOHhoYnhVcjBDb2o0TndJOXBQR25Ed1NvclZXamd0NUtRd2kyY20yOE5zT3VtaXk2dFJfd3BBN09QVW1ELTFxTTNacUQ3b180Z1Mxelp2RTN4Vy1POXUtakJ5WjFGeGROYmlJSUl4SkhkVUt0Q0dzM3FXZUtmV2F2VEtuZUFRQ2R2NS1CZmxIeERNa1ZTM0ctSm1rVlFvVTJUZUJCaWdZd0JxdFc4U2lNUlFUR01rR2QzLTdTRUZqa1B4QThxaFRlMUhuNzRDd2w5d25JMDNFeDh5Zkx2eVg1bnBRLUNza2l6dHZMQ2ZqcVVkU29KVGdMcTRmZl9tRFZDVno3RW5lOG0yRVRKdWttbmQxYVNZNnQ0cl9KQlplUQ?oc=5) · PR Newswire
- 2026-03-19 [Sunwest Bank Selected to Win the Benefits Innovator Award at Thrive Summit 2026 - PR Newswire](https://news.google.com/rss/articles/CBMi0AFBVV95cUxNM29WbjM1Z0lGSW9vaURYd3BuWER4MnMyaVRibUZvTGtvalRQVkpIeWlhWUVNbmxNU1c2VkZzSWhBSXM4NTdEQUY2Q3VkNDZta2c4WGJvdlhVTHNxdm1EMVNlYmdaZTRaSnFfZUR6U25EdUM3MEZwTGkxWVJiMExkYmg3NklHTnFBUWk4SlZQMzVWUTdEZnFIajZqZ19qcDNiRUFNVWdUOFBrSW1OTjd4b3VXX3lvSENUa2s3UTc4QlNid0NvdmpEc1NySTE3cmRF?oc=5) · PR Newswire
- 2026-08-02 [Sunwest Bank: Former MidWestOne And Bank Of Denver Branches Acquired - Pulse 2.0](https://news.google.com/rss/articles/CBMikAFBVV95cUxNb3dlY0tfU1l3SURNOWc3QkxLZnZNZGZQQ0pIUDJ1TkUzQ1BDTTJuQml0VkRJclRHc2hQdk1uVHVMVlh3MC0zdmxEckFMVWl6MUlFRHhVWGhuRXZhZ0NnRlZzRnk2bm5qWjJpV0xabjg5clVHNlZlZjZ0NTdNOThmemZLYkFwM3pVbGJQZ2xVOU3SAZYBQVVfeXFMUEQyUU5ZemJFc0lDY0djdXVNcHE1QTBnYk9HbWY0WGJ1VHg1TkdBWWt0TmhTWE0tQ0p0VktfSy11UDJiUG1lRWxTZVp4RGlPMVNSaEtLRGdncnlmZ1dmZEg3SDhiLTE4RlY4eW9oT0VFMklVNDlSNUVGbUxCQzBtLVFDdldOWjJuLTZ4d0E4QnZCTlJwbmd3?oc=5) · Pulse 2.0
- 2024-10-03 [Sunwest Bank adds Mike Mckean as SVP, director of treasury and payments - Utah Business](https://news.google.com/rss/articles/CBMilwFBVV95cUxNbnBYX29Yd1E3M0NnM1diQmwxVEJxM0NzcGh1Nmp4b0ZyaEtnY2xha1VHN1lyRUgxY0hqM2VKbmpvVGxJcTJxWXdwbHVCa28wZFBObEM0QUpLLURGUW95cDFVc0tCbnBKT1UzUHhWWFR4NnI1S3FibElxc2tHX3I2NkZ4OXAzUzJfQkVQOG9CMWV1RTBfTVZr?oc=5) · Utah Business
- 2024-04-20 [Lawsuit Puts Fresh Focus on Eric Hovde’s Comments About Older Voters (Published 2024) - The New York Times](https://news.google.com/rss/articles/CBMilwFBVV95cUxNdHJmQ0kyNTROX3ZfSkZDUFFZREFrTXhnNHlSUXJTNEt5QjhYODFNWk5FdURkNWVfUVU4ZHBNMVcxVWFfT05pRG9PMk53bkNhT294cDlPY0VEbWRFNHBmQTlZRDQ0NFZRcnM1YVVNZGRNOFJ5akszQkl0bnlwNktadGJ3ZkhMZXpyaXJwcnZlSGNYRkxxNUZR?oc=5) · The New York Times
- 2025-04-23 [Sunwest Bank Adds Joe Seroke as EVP, Managing Director - Commercial Real Estate Banking - PR Newswire](https://news.google.com/rss/articles/CBMi2AFBVV95cUxOcG9BUVZMcnZXUE1tRXZlRFhsbi1tZTNyeS05bWo2NzBPcUFQMFFia1NQZm9WTzd0Q1ctRDkxX0s0Z2o5VUNSMWlGNUNzcEE3Wkt1aWFFTlZNWjlmOEgtY21xTDUteWxhU2UzZGsyQ18tWkFpVllwS05CUndaU2toS2ZwM0JHN3c3cEJTc2NlODI3WHZ0Qm5pWkk0b25UTjFfcnV3VkprajFNTDZSeklmbG4xSVFRYWJINVY3QzY0RmFiMGt4cjBTN1MybTAxRFFsdTJIcjl3bmY?oc=5) · PR Newswire
- 2025-12-04 [Sunwest Bank Appoints Brian Barry as SVP, Regional President Arizona - PR Newswire](https://news.google.com/rss/articles/CBMiwAFBVV95cUxPeWVQaTJsZmt0dDZsY1lQSTI2d21Da3RWSnhicVphX1RBS0ozQ0phVThiWFNfLWUzanZ2UGVMV1FDa0stM1BUdExVdTZ0cmVTWF95d0ZkMW11Ri1SU3ZlMC1WTlpCOWtsdncySEd5eGNoM28wWkRTZmxIN1NxdUljZHBtY3ZmLWFqT0tqUTFuTkRlY25uVXVVelRKV0ZhTTgtWWZVY2haUVFCT2ZGMWJvU1pfVlItcVlSVDlYVnNHQng?oc=5) · PR Newswire

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=20164 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/4.json (key "20164", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide