FDIC Certificate #: 35578 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:SUNRISE BANK OF ARIZONA (#34707) Federal Reserve ID: 2915797 Date Established: September 21, 2000 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 82007 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: September 21, 2000 Last Structure Change Effective Date: December 14, 2009 Last Structure Change Process Date: January 07, 2010 Last Data Update: January 07, 2010 Data Source Date: April 05, 2012
Location
Address: 17235 North 75th Avenue, Suite 100, Glendale, AZ 85308 County: Maricopa Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: Chicago FDIC Field Office: Phoenix Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): Phoenix-Mesa, AZ (#6200) Core Based Statistical Area (CBSA): Phoenix-Mesa-Glendale, AZ (#38060) CBSA Metro Statistical Area: Phoenix-Mesa-Glendale, AZ (#38060)
Financial Summary
Total assets: $77.2 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2008)
Dollar figures in thousands
22Total employees (full-time equivalent)
$80,783Total assets
$8,045Cash and due from depository institutions
$5,782Interest-bearing balances
$479Securities
$0Federal funds sold & reverse repurchase agreements
$67,112Net loans & leases
$2,375Loan loss allowance
$0Trading account assets
$260Bank premises and fixed assets
$1,211Other real estate owned
$644Goodwill and other intangibles
$0Life insurance assets
$3,032All other assets
$80,783Total liabilities and capital
$74,016Total liabilities
$67,880Total deposits
$58,012Interest-bearing deposits
$67,880Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$6,000Other borrowed funds
$0Subordinated debt
$136All other liabilities
$6,767Total equity capital
$6,767Total bank equity capital
$6,767Perpetual preferred stock
$0Common stock
$1,786Surplus
$5,817Undivided profits
Memoranda
$-836Noncurrent loans and leases
$6,397Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$7,669Earning assets
$0Long-term assets (5+ years)
$305Average Assets, year-to-date
$73,373Average Assets, quarterly
$13,980Volatile liabilities
$87,297Insider loans
$82,722FHLB advances
$22,383Loans and leases held for sale
$1,547Unused loan commitments
$6,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,397Total unused commitments
$620Restructured Loans and leases
$929Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$5,435Total interest income
$1,779Total interest expense
$3,656Net interest income
$4,554Provision for loan and lease losses
$483Total noninterest income
$0Fiduciary activities
$108Service charges on deposit accounts
$0Trading account gains & fees
$375Additional noninterest income
$3,523Total noninterest expense
$1,915Salaries and employee benefits
$375Premises and equipment expense
$1,233Additional noninterest expense
-$3,938Pre-tax net operating income
$0Securities gains (losses)
-$1,510Applicable income taxes
-$2,428Income before extraordinary items
$0Extraordinary gains - net
-$2,428Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$2,997Sale, conversion, retirement of capital stock, net
$170Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.77%Yield on earning assets
2.22%Cost of funding earning assets
4.55%Net interest margin
0.60%Noninterest income to earning assets
4.39%Noninterest expense to earning assets
-2.78%Net operating income to assets
-2.78%Return on assets (ROA)
-4.51%Pretax return on assets
-31.29%Return on equity (ROE)
-33.48%Retained earnings to average equity (YTD only)
3.81%Net charge-offs to loans
151.95%Credit loss provision to net charge-offs
0.21%Efficiency ratio
85,117Assets per employee
3.67%Cash dividends to net income (YTD only)
Condition Ratios (%)
-7.00%Loss allowance to loans
3.42%Loss allowance to noncurrent loans
30.97%Noncurrent assets plus other real estate owned to assets
10.99%Noncurrent loans to loans
11.04%Net loans and leases to deposits
98.87%Net loans and leases to core deposits
135.59%Equity capital to assets
8.38%Core capital (leverage) ratio
7.58%Tier 1 risk-based capital ratio
8.52%Total risk-based capital ratio
Memoranda
$10Average assets
$87,297Average earning assets
$7,759Average equity
$80,296Average loans
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