SUNRISE BANK OF ARIZONA in Phoenix, Arizona (AZ)

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SUNRISE BANK OF ARIZONA routing number info

Table of contents:
GeneralFDIC Certificate #: 34707
Status: Active
Federal Reserve ID: 2716622
Bank Holding Company (Regulatory Top Holder): Capitol Bancorp Ltd. (RSSDID: 1247334, Location: Lansing, MI)
Date Established: May 20, 1998
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 9 (Domestic: 9, Interstate: No)
FDIC's unique #: 61311
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: May 20, 1998
Last Structure Change Effective Date: January 24, 2011
Last Structure Change Process Date: Febuary 08, 2011
Last Data Update: Febuary 08, 2011
Data Source Date: April 05, 2012
LocationAddress: 2777 Camelback Road, Phoenix, AZ 85016
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)
History of ChangesOffice Purchased
Financial SummaryTotal assets: $303.6 mil
Equity capital: $6.4 mil
Deposits held in domestic offices: $280.9 mil
Return on assets (ROA): -4.17% (-$12.7 mil)
Quarterly return on assets: -1.87% (-$5.7 mil)
Return on Equity (ROE): -215.89% (-$13.0 mil)
Quarterly return on equity: -88.61% (-$5.3 mil)
Net income: -$14.4 mil
Quarterly Net income: -$1.5 mil
Pretax return on assets: -4.17% (-$12,660.5 mil)
Quarterly Pretax return on assets: -1.86% (-$5,647.1 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)80
Total assets$303,609
Cash and due from depository institutions$48,241
Interest-bearing balances$42,930
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$226,788
Loan loss allowance $11,126
Trading account assets$0
Bank premises and fixed assets$1,722
Other real estate owned$21,129
Goodwill and other intangibles$0
All other assets$5,624
Life insurance assets$303,609
Total liabilities and capital$297,207
Total liabilities$280,885
Total deposits$218,912
Interest-bearing deposits$280,885
Deposits held in domestic offices$95
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$15,000
Other borrowed funds $0
Subordinated debt $1,322
All other liabilities $6,402
Total equity capital$6,402
Total bank equity capital$6,402
Perpetual preferred stock$0
Common stock$6,318
Undivided profits $-107,584
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $24,037
Earning assets $65
Long-term assets (5+ years) $760
Average Assets, year-to-date $269,823
Average Assets, quarterly $45,620
Volatile liabilities $346,152
Insider loans $314,621
FHLB advances $250,176
Loans and leases held for sale $315,481
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $6,396
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $15,991
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $16,212
Total interest expense $3,114
Net interest income $13,098
Provision for loan and lease losses $7,201
Total noninterest income -$4,526
Fiduciary activities $0
Service charges on deposit accounts $626
Trading account gains & fees $0
Additional noninterest income -$5,152
Total noninterest expense $15,806
Salaries and employee benefits $5,685
Premises and equipment expense $2,322
Additional noninterest expense $7,799
Pre-tax net operating income -$14,435
Securities gains (losses) $0
Applicable income taxes $7
Income before extraordinary items -$14,442
Extraordinary gains - net $0
Net income attributable to bank -$14,442
Net charge-offs $0
Cash dividends -$14,442
Sale, conversion, retirement of capital stock, net $15,155
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.37%
Cost of funding earning assets 1.03%
Net interest margin 4.34%
Noninterest income to earning assets -1.50%
Noninterest expense to earning assets 5.23%
Net operating income to assets -4.17%
Return on assets (ROA) -4.17%
Pretax return on assets -4.17%
Return on equity (ROE) -215.89%
Retained earnings to average equity (YTD only) -215.89%
Net charge-offs to loans 5.83%
Credit loss provision to net charge-offs 47.52%
Efficiency ratio-0.48%
Assets per employee$184,391
Cash dividends to net income (YTD only)3.80%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 4.68%
Noncurrent assets plus other real estate owned to assets 46.29%
Noncurrent loans to loans 14.88%
Net loans and leases to deposits10.10%
Net loans and leases to core deposits 80.74%
Equity capital to assets 83.98%
Core capital (leverage) ratio 2.11%
Tier 1 risk-based capital ratio 2.03%
Total risk-based capital ratio 2.56%
Average assets$4
Average earning assets$346,152
Average equity $6,689
Average loans $301,981
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9 Arizona Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
061311Sunrise Bank Of Arizona2777 Camelback Road, Phoenix, AZ 85016May 20, 1998Full Service Brick and Mortar
182007Arrowhead Community Bank Branch17235 North 75th Avenue, Suite 100, Glendale, AZ 85308September 21, 2000Full Service Brick and Mortar
2463178Colonia Bank Branch3033 North Central Avenue, Phoenix, AZ 85012April 30, 2008Full Service Brick and Mortar
373861Sunrise Bank Of Arizona Branch4350 East Camelback Road, Suite 100a, Phoenix, AZ 85018December 16, 1998Full Service Brick and Mortar
4493147Scottsdale Office Branch6263 N. Scottsdale Rd. Ste 100, Scottsdale, AZ 85250July 05, 2002Full Service Brick and Mortar
5444609Asian Bank Of Arizona Branch668 North 44th Street, Suite 123, Phoenix, AZ 85008April 27, 2006Full Service Brick and Mortar
661974Mesa Bank Branch63 East Main Street, Mesa, AZ 85201October 20, 1998Full Service Brick and Mortar
7423023Greenfield Road Branch1733 North Greenfield Road, Suite 100, Mesa, AZ 85205September 09, 2003Full Service Brick and Mortar
9468263Nogales Branch825 North Grand Avenue, Suite 104, Nogales, AZ 85621September 27, 2007Full Service Brick and Mortar
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