FDIC Certificate #: 58698 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:SUNRISE BANK OF ARIZONA (#34707) Federal Reserve ID: 3672051 Date Established: April 30, 2008 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 463178 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: April 30, 2008 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: 3033 North Central Avenue, Phoenix, AZ 85012 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: $12.8 mil
Assets and Liabilities (December 31, 2008)
Dollar figures in thousands
10Total employees (full-time equivalent)
$12,574Total assets
$162Cash and due from depository institutions
$25Interest-bearing balances
$0Securities
$3,743Federal funds sold & reverse repurchase agreements
$7,363Net loans & leases
$120Loan loss allowance
$0Trading account assets
$708Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$598All other assets
$12,574Total liabilities and capital
$5,429Total liabilities
$5,252Total deposits
$4,792Interest-bearing deposits
$5,252Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$177All other liabilities
$7,145Total equity capital
$7,145Total bank equity capital
$7,145Perpetual preferred stock
$0Common stock
$4,000Surplus
$4,000Undivided profits
Memoranda
$-855Noncurrent loans and leases
$2,080Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$17Average Assets, year-to-date
$11,131Average Assets, quarterly
$2,368Volatile liabilities
$10,236Insider loans
$10,921FHLB advances
$1,438Loans and leases held for sale
$55Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,080Total unused commitments
$0Restructured Loans and leases
$106Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$146Total interest income
$30Total interest expense
$116Net interest income
$120Provision for loan and lease losses
$16Total noninterest income
$0Fiduciary activities
$1Service charges on deposit accounts
$0Trading account gains & fees
$15Additional noninterest income
$1,401Total noninterest expense
$751Salaries and employee benefits
$215Premises and equipment expense
$435Additional noninterest expense
-$1,389Pre-tax net operating income
$0Securities gains (losses)
-$534Applicable income taxes
-$855Income before extraordinary items
$0Extraordinary gains - net
-$855Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
1.66%Yield on earning assets
0.34%Cost of funding earning assets
1.32%Net interest margin
0.18%Noninterest income to earning assets
15.88%Noninterest expense to earning assets
-8.35%Net operating income to assets
-8.35%Return on assets (ROA)
-13.57%Pretax return on assets
-11.54%Return on equity (ROE)
-11.54%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
1,061,364Assets per employee
1.26%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.60%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
140.19%Net loans and leases to core deposits
193.05%Equity capital to assets
56.82%Core capital (leverage) ratio
64.55%Tier 1 risk-based capital ratio
78.09%Total risk-based capital ratio
Memoranda
$79Average assets
$10,236Average earning assets
$7,406Average equity
$8,821Average loans
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