# SOUTHWEST HERITAGE BANK
SCOTTSDALE, AZ · FDIC certificate 29087 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *funding-stretched*. Composite score 2 (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 | $892.8M | |
| Deposits | $753.6M | |
| Loans and leases | $707.2M | |
| Total equity | $122.3M | |
| Loans / deposits | 92.69% (p76 of band) | 82.04% |
| Liquid assets / assets | 16.04% (p19 of band) | |
| Uninsured deposits / deposits | 30.84% (p69 of band) | 25.97% |
| Brokered deposits | 0.28% | |
| Wholesale funding | 0.28% (p28 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 13.36% (p81 of band) | 10.81% |
| Unrealized securities loss / equity | -4.39% (p66 of band) | -8.10% |
| AOCI / equity | -0.42% (p46 of band) | |
| ROA (annualized) | 0.90% (p26 of band) | 1.28% |
| Net interest margin | 4.04% (p57 of band) | 3.91% |
| Efficiency ratio | 67.51% (p68 of band) | |
| Noncurrent loans | 0.67% (p62 of band) | 0.43% |
| Net charge-offs (annualized) | 0.23% (p92 of band) | |
| Reserve coverage of noncurrent | 184.46% | |
| Real estate % of loans | 88% | |
| Construction % of loans | 54.41% (p60 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | -5.6% | |
| Employees | 107 | |

## Flags firing in the latest filing

- **charge-offs p90** (`aq_nco`)
- **deposits shrinking** (`shrink_deposits`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | losing money, reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 3 | loans exceed deposits | construction >100% equity |
| 2011-09 | 2 |  | loans exceed deposits |
| 2011-12 | 2 |  |  |
| 2012-03 | 5 | capital falling, expense ratio p90, uninsured deposits leaving |  |
| 2012-06 | 6 | charge-offs p90 |  |
| 2012-09 | 4 |  | uninsured deposits leaving, charge-offs p90 |
| 2012-12 | 4 | charge-offs p90 | capital falling |
| 2013-03 | 1 |  | losing money, reserve under noncurrent, charge-offs p90 |
| 2013-06 | 4 | losing money, deposits shrinking, assets shrinking |  |
| 2013-09 | 4 |  |  |
| 2013-12 | 4 |  |  |
| 2014-03 | 3 |  | deposits shrinking |
| 2014-06 | 3 | capital falling | assets shrinking |
| 2014-09 | 1 |  | expense ratio p90, losing money |
| 2014-12 | 1 |  |  |
| 2015-03 | 3 | losing money, expense ratio p90 |  |
| 2015-06 | 1 |  | losing money, expense ratio p90 |
| 2015-09 | 1 |  |  |
| 2015-12 | 1 |  |  |
| 2016-03 | 2 | losing money, expense ratio p90 | capital falling |
| 2016-06 | 0 |  | losing money, expense ratio p90 |
| 2016-09 | 4 | loans exceed deposits, wholesale funding >15%, capital falling, expense ratio p90 |  |
| 2016-12 | 5 | noncurrent p90, reserve under noncurrent | capital falling |
| 2017-03 | 6 | losing money |  |
| 2017-06 | 5 |  | losing money |
| 2017-09 | 6 | capital falling |  |
| 2017-12 | 5 |  | capital falling |
| 2018-03 | 5 |  |  |
| 2018-06 | 4 |  | noncurrent p90 |
| 2018-09 | 5 | capital falling |  |
| 2018-12 | 5 |  |  |
| 2019-03 | 6 | uninsured deposits leaving |  |
| 2019-06 | 5 | losing money | expense ratio p90, uninsured deposits leaving |
| 2019-09 | 3 |  | capital falling, losing money |
| 2019-12 | 2 |  | loans exceed deposits |
| 2020-03 | 3 | loans exceed deposits |  |
| 2020-06 | 2 |  | reserve under noncurrent |
| 2020-09 | 1 | capital falling | wholesale funding >15%, loans exceed deposits |
| 2020-12 | 0 |  | capital falling |
| 2021-03 | 0 |  |  |
| 2021-06 | 0 |  |  |
| 2021-09 | 0 |  |  |
| 2021-12 | 1 | capital falling |  |
| 2022-03 | 1 |  |  |
| 2022-06 | 1 |  |  |
| 2022-09 | 2 | noncurrent p90, reserve under noncurrent | capital falling |
| 2022-12 | 1 | charge-offs p90 | noncurrent p90, reserve under noncurrent |
| 2023-03 | 0 |  | charge-offs p90 |
| 2023-06 | 1 | charge-offs p90 |  |
| 2023-09 | 4 | capital falling, losing money, noncurrent p90, reserve under noncurrent | charge-offs p90 |
| 2023-12 | 5 | charge-offs p90, deposits shrinking, uninsured deposits leaving | noncurrent p90, reserve under noncurrent |
| 2024-03 | 5 | expense ratio p90, NIM <2.5% | deposits shrinking, uninsured deposits leaving |
| 2024-06 | 2 |  | capital falling, charge-offs p90, NIM <2.5% |
| 2024-09 | 1 |  | expense ratio p90 |
| 2024-12 | 1 |  |  |
| 2025-03 | 0 |  | losing money |
| 2025-06 | 0 |  |  |
| 2025-09 | 1 | reserve under noncurrent |  |
| 2025-12 | 1 |  |  |
| 2026-03 | 2 | charge-offs p90 |  |
| 2026-06 | 2 | deposits shrinking | reserve under noncurrent |

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

- 2024-03-04 [Southwest Heritage Bank: A New Name, A Time-Honored Legacy - PR Newswire](https://news.google.com/rss/articles/CBMisgFBVV95cUxQdHRUQ285R01PNFdobDVweEFJcmRNT0wwWGprOFRKWFBXdG9LQWJwZW1teU5kV1VLcTdtVmZBM3RVeklpcmQxNmdZVHVwMWZIQnFBZGtQOE1ReWlXOGhXamVyVVJmN21sNTdKaEtiVndpV3RnQ2Zta2p6eWxzT3F6bF9SSmRyMXpJR2tkMlNtdmllWEJvbjlCX0NqUlVOU2NXY0JRNlNFLUNRbXR4TTRvckxn?oc=5) · PR Newswire
- 2025-05-07 [Southwest Heritage Bank Commemorates One Year with Ribbon-Cutting Event - Real Estate Daily News](https://news.google.com/rss/articles/CBMiuAFBVV95cUxOYTNKOGViclpHem13aHlEVmZwUjdGOWlUODNTQS1CUVl1SXhyaTdvUlhDamJweE9uZmFsQmk4OEpZNXBmVGxwN1dJTXZBOF9CdVNRc3BJS2w2WUNZOVZNMUkwMlBUUHBjLVo5Z2Q2Wlh2X0F3ZzMyd05qRDZGNS1ST29FdnVHeEs0NFFKSkRGcXdWOW5PVU80cjRQSE1hbVMtY2EwSWpjVldhbmk2ZVgyYlp1X2R3MTd2?oc=5) · Real Estate Daily News
- 2024-09-26 [Southwest Heritage Bank names new Phoenix market president - The Business Journals](https://news.google.com/rss/articles/CBMingFBVV95cUxNN29vSTNuNkRSZkt4UWNKeWtvOE1wZGNfRjI1OHpGVmFCVzdNdnA2bGRfWDBwdEZfYk50Z2pyLXJ1RHZQVk5PSlNVRkd6RXR0eDBlQVIxUlEzSk9KX1QxVmtfNFFIbktEYy1ud3lxc1RVS1BqM1pvRFhPX0FOa01Kbk5ULXBBREVOd3VOSTdBVkg1N29tSm91THF4OW5PQQ?oc=5) · The Business Journals
- 2025-05-08 [Southwest Heritage Bank celebrates its one-year anniversary - yourvalley.net](https://news.google.com/rss/articles/CBMiwgFBVV95cUxNUzM0d2Nuc0FSbzVRekVBV0loVTlJX1JSelZHcDBNWlZBdld6UVF6UGc5ZUVTX0VhMHdKbExXcTZHWEFpYnI1WGE0clZRUWlONkk0RnpLMWFXWHFJbUtqd1NhQVFvaGRDR3E1aFRqQlBlRTA5OWlNRmV3Q1pIQzg2YmxiUzBVTWhNSkVTanctaVlTU3F1WVVWNDBRV2U2SHBzTS1GN3RyVXBpVFhLSWlmcUR6TVdPcXR3Z29xd0J4M1NiUQ?oc=5) · yourvalley.net
- 2025-08-07 [Most Influential Women of 2025: Christina Heide, Southwest Heritage Bank - AZ Big Media](https://news.google.com/rss/articles/CBMipgFBVV95cUxNNTdDNDB3WFZ5LWxVOTRsczEzcnlKVDlMWWNKSzRmTFF3X05VYlQ3alNNc3BKVXVxWkxtdmdQOV91YWZWREdHOG1TZHU3RnI5VklpN1FGNFpTaG1lLU5FZVNIUzBCYVIwUGFIQnl5TkZWU0JCQ19xNTg3T0lwdnNrYk9Gd2NhblF0ekhHSVJnVUd2eWtRS1NXRmt3R0M5MndFOHc5MU1R?oc=5) · AZ Big Media
- 2024-03-25 [Alamogordo’s Bank 34 Merged Rebranded as Southwest Heritage Bank - 2nd Life Media Alamogordo Town News](https://news.google.com/rss/articles/CBMixAFBVV95cUxPM25zcWJlM3ByWlFZTXQ5cmNsTnZPX0pnSV94LXphSlVBMVIyd2lkQ3hhTkN6ejJrT1NoT09KaW1DZlV1RWtyRElhLWY3UnFsVEprQllzcUJpX3MwZ1p1WXFzRk9Oa0Vkczk5VDV2dnIwT3FZR3NWdUsxcDJEdEhuUFVrRTAtbkpCWjRhTEtENEZlU0s5R3NTTHJiUDNua2p3V1hpWUY3dG1EZ3FYYk1DOVR2MmtORFFsUHNabWhCMF9QaDA1?oc=5) · 2nd Life Media Alamogordo Town News
- 2025-04-25 [Bancorp (BCTF) Stock Price, News & Analysis - stocktitan.net](https://news.google.com/rss/articles/CBMiU0FVX3lxTE9RaldWeFIwb3JUWDN1LU43YVBEYzJIQ1pTZi1TVWNJWkU2RFRrUXVDdzR0cndJcHdPZ2V5OGs2MF9najBVdWFUeGxSN0c1V3hNa0RZ?oc=5) · stocktitan.net
- 2024-04-06 [Southwest Heritage Bank names new CEO within days after merger deal closes - The Business Journals](https://news.google.com/rss/articles/CBMimgFBVV95cUxPWlRweDg4WUp6R050VkdoNHVZcW5GbkJfckNJT2lSd1pUZXdOVld1V2QwazdBb09yTXRPOXZKaEl1VTdubzc4Tlk0c0lxTllmMlBBdTAzV3dRZFVpYTNkWDZJT2RBNlVPcndmVWxkZG1ZdnM1aUdPb290TGlwdnVBeDJQSWxROWhNUVAtZUlXVGZ5em1RcFZyQTZB?oc=5) · The Business Journals

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=29087 (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/31.json (key "29087", 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