This article studies small to medium-sized monolithic switches for FPGA implementation and presents a novel switch design that achieves high algorithmic performance and FPGA implementation efficiency. Crossbar switches based on virtual output queues (VOQs) and variations have been rather popular for implementing switches on FPGAs, with applications in network switches, memory interconnects, network-on-chip (NoC) routers etc. The implementation efficiency of crossbar-based switches is well-documented on ASICs, though we show that their disadvantages can outweigh their advantages on FPGAs. One of the most important challenges in such input-queued switches is the requirement for iterative scheduling algorithms. In contrast to ASICs, this is more harmful on FPGAs, as the reduced operating frequency and narrower packets cannot “hide” multiple iterations of scheduling that are required to achieve a modest scheduling performance. Our proposed design uses an output-queued switch internally for simplifying scheduling, and a queue balancing technique to avoid queue fragmentation and reduce the need for memory-sharing VOQs. Its implementation approaches the scheduling performance of a state-of-the-art FPGA-based switch, while requiring considerably fewer resources.