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Q2 2026 · read from the 30 June 2026 Call Report · United States · Mountain West · Utah, the state note

Sunwest Bank

Sandy, Utah · $4.41B in assets · beside the 5 other Utah banks between $3B and $10B

The filing

326.7%
CRE / capital
6th of 6
9.3%
Equity / assets
5th of 6
43.3%
CRE / loans
5th of 6

Sunwest Bank is the fourth largest of the 6 Utah banks between $3B and $10B, with $4.41B in assets at 30 June 2026. Loans are 103.7% of deposits, 4th of 6 against a median of 102.1%, and equity is 9.3% of assets, 5th of 6. Loans grew +14.8% in the year, 2nd of 6, and deposits grew 7.7%; the cohort's median loan growth is +5.4%.

Noncurrent loans are 0.60% of the book, 3rd of 6 against a median of 2.06%; 0.62% is 30 to 89 days past due, and the allowance covers them 2.9 times. Commercial real estate is 43.3% of loans, 5th of 6 against a median of 30.3%, and 327% of capital, above the 300% screen, with construction at 39% against the 100% screen. CRE has grown +66.5% over 36 months, past the guidance's 50% prong.

Return on assets is 1.61%, 4th of 6 against a median of 1.81%, on an efficiency ratio of 61.6%, 4th of 6. Five years ago it was 1.60%. The question is what the concentration does under a commercial real estate stress, and how much of it is owner-occupied (owner-occupied nonresidential is 18.6% of loans).

Commercial real estate against capital, the 300% screenUT banks $3B to $10B · 30 June 2026 · lower is stronger, listed first
median 140% MB Merrick Bank 0% GD Green Dot Bank dba Bonneville 1% CB Celtic Bank 11% Bo Bank of Utah 270% CV Cache Valley Bank 292% SB Sunwest Bank 327%
Loans, year over yearUT banks $3B to $10B · 30 June 2026 · no better direction, largest first
median +5.4% CB Celtic Bank +37.6% SB Sunwest Bank +14.8% CV Cache Valley Bank +6.5% Bo Bank of Utah +4.3% MB Merrick Bank +1.5% GD Green Dot Bank dba Bonneville -8.0%

SBA 7(a), FY2008 to FY2026

Sunwest Bank is the 65th largest 7(a) lender into California of 512, with $184M across 223 loans, 0.3% of everything approved in the state (Wells Fargo Bank National Association leads with $5.56B). 24 of its 35 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in California, and where it has gone quietshare movement, FY2023 to FY2025 against FY2020 to FY2022; outlined counties are on the book
Gaining shareLosing shareFlatGone quiet: nothing since FY2023Too thin to read a directionNo record
Every market on the book, largest firstrank and share among every lender in the county, FY2008 to FY2026
CountyApprovedRankShareTrend
Orange, CA$76M28th of 2561.0%-1.5 pts
Los Angeles, CA$41M68th of 3080.2%-0.5 pts
San Diego, CA$22M46th of 2380.4%quiet FY2022
Ada, ID$18M19th of 1331.7%-1.5 pts
Riverside, CA$11M63rd of 2190.3%quiet FY2022
San Bernardino, CA$11M64th of 2130.3%quiet FY2021
Maricopa, AZ$7M99th of 3030.1%-0.3 pts
Salt Lake, UT$6M52nd of 1640.2%quiet FY2021
Santa Cruz, CA$5M20th of 771.1%quiet FY2021
Pima, AZ$5M44th of 1400.5%quiet FY2021
Canyon, ID$4M21st of 621.4%quiet FY2021
Marin, CA$4M27th of 991.1%quiet FY2019
Ventura, CA$4M65th of 1590.3%quiet FY2022
22 smaller markets not shown.
What it lends to: the five largest industries on the bookshare of book is concentration; share of sector and rank are position, among every 7(a) lender nationally
IndustryLoansApprovedShare of bookShare of sectorRank
Accommodation & food services58$38M16.1%0.05%261st of 2,596
Retail trade41$30M12.6%0.05%254th of 2,589
Real estate & leasing21$29M12.2%0.23%71st of 1,452
Health care & social assistance43$22M9.5%0.05%241st of 2,172
Wholesale trade26$20M8.5%0.08%192nd of 1,651
7(a) lenders into California, share of approvals since FY2008512 lenders on record; the ten largest and Sunwest Bank
WF Wells Fargo Bank National Associa… 8.5% $5.56B · 15,065 loans UB U.S. Bank, National Association 7.3% $4.78B · 14,424 loans LO Live Oak Banking Company 4.5% $2.95B · 2,312 loans EB Enterprise Bank & Trust 4.3% $2.82B · 2,975 loans Bo Bank of Hope 3.9% $2.57B · 6,200 loans CB Columbia Bank 3.6% $2.33B · 3,734 loans JC JPMorgan Chase Bank, National Ass… 2.8% $1.86B · 9,370 loans OB Open Bank 2.5% $1.65B · 1,421 loans HS Harvest Small Business Finance, L… 2.4% $1.59B · 1,278 loans CB Celtic Bank Corporation 2.4% $1.57B · 2,551 loans SB Sunwest Bank 0.3% $184M · 223 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; Tier 1 stands in for the 1 CBLR filer; owner-occupied excluded; bold marks a screen met
Sunwest BankRankCohort median
Total CRE against capital, the 300% screen327%6th of 6140%
Construction against capital, the 100% screen39%4th of 624%
Construction and land development, share of loans5.2%4th of 63.6%
Non-owner-occupied nonfarm nonresidential, share of loans31.7%6th of 614.7%
Total CRE, the guidance definition, share of loans43.3%5th of 630.3%
CRE growth over 36 months, the third prong+66.5%5th of 5+52.4%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
Merrick Bank$9.13B2.5%33.6%3.52%11.62%15.4%117.2%17.6%
Green Dot Bank dba Bonneville$5.44B1.5%92.5%3.56%66.62%17.3%0.8%5.8%
Celtic Bank$5.33B3.3%33.2%3.63%0.46%1.6%117.3%17.4%
Sunwest Bank$4.41B1.6%61.6%0.60%0.00%1.8%103.7%9.3%
Bank of Utah$3.79B1.3%61.6%0.15%0.22%1.2%100.4%12.3%
Cache Valley Bank$3.49B2.0%39.1%0.29%0.09%1.3%87.6%10.5%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
Sunwest BankCohort median
20212026Change20212026Change
Loans$1.63B$3.52B+116%$1.78B$3.24B+82%
Deposits$1.82B$3.40B+87%$1.97B$3.65B+85%
NPA / loans0.27%0.60%+0.33 pts0.31%2.06%+1.75 pts
Efficiency49.9%61.6%+11.7 pts34.3%50.3%+16.0 pts
ROA1.60%1.61%+0.01 pts2.01%1.81%-0.21 pts

This read was prepared for Sunwest Bank's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.

The full pack on Sunwest Bank is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort UT banks $3B to $10B
Institution www.sunwestbank.com

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by state and asset band; SBA 7(a) FOIA release as of the 2026 file, loans credited to the institution holding them today. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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