SUNRISE BANK OF ARIZONA in Phoenix, Arizona (AZ)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Office Purchased
  • Financial Summary
  • Total 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
  • 80Total employees (full-time equivalent)
  • $303,609Total assets
  • $48,241Cash and due from depository institutions
  • $42,930Interest-bearing balances
  • $105Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $226,788Net loans & leases
  • $11,126Loan loss allowance
  • $0Trading account assets
  • $1,722Bank premises and fixed assets
  • $21,129Other real estate owned
  • $0Goodwill and other intangibles
  • $303,609Life insurance assets
  • $5,624All other assets
  • $297,207Total liabilities and capital
  • $280,885Total liabilities
  • $218,912Total deposits
  • $280,885Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $15,000Trading liabilities
  • $0Other borrowed funds
  • $1,322Subordinated debt
  • $6,402All other liabilities
  • $6,402Total equity capital
  • $6,402Total bank equity capital
  • $0Perpetual preferred stock
  • $6,318Common stock
  • $107,668Surplus
  • $-107,584Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $24,037Income earned, not collected on loans
  • $65Earning assets
  • $760Long-term assets (5+ years)
  • $269,823Average Assets, year-to-date
  • $45,620Average Assets, quarterly
  • $346,152Volatile liabilities
  • $314,621Insider loans
  • $250,176FHLB advances
  • $315,481Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,396Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $15,991Restructured Loans and leases
  • $1,177Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $16,212Total interest income
  • $3,114Total interest expense
  • $13,098Net interest income
  • $7,201Provision for loan and lease losses
  • -$4,526Total noninterest income
  • $0Fiduciary activities
  • $626Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$5,152Additional noninterest income
  • $15,806Total noninterest expense
  • $5,685Salaries and employee benefits
  • $2,322Premises and equipment expense
  • $7,799Additional noninterest expense
  • -$14,435Pre-tax net operating income
  • $0Securities gains (losses)
  • $7Applicable income taxes
  • -$14,442Income before extraordinary items
  • $0Extraordinary gains - net
  • -$14,442Net income attributable to bank
  • $0Net charge-offs
  • -$14,442Cash dividends
  • $15,155Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.37%Yield on earning assets
  • 1.03%Cost of funding earning assets
  • 4.34%Net interest margin
  • -1.50%Noninterest income to earning assets
  • 5.23%Noninterest expense to earning assets
  • -4.17%Net operating income to assets
  • -4.17%Return on assets (ROA)
  • -4.17%Pretax return on assets
  • -215.89%Return on equity (ROE)
  • -215.89%Retained earnings to average equity (YTD only)
  • 5.83%Net charge-offs to loans
  • 47.52%Credit loss provision to net charge-offs
  • -0.48%Efficiency ratio
  • 184,391Assets per employee
  • 3.80%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.68%Loss allowance to noncurrent loans
  • 46.29%Noncurrent assets plus other real estate owned to assets
  • 14.88%Noncurrent loans to loans
  • 10.10%Net loans and leases to deposits
  • 80.74%Net loans and leases to core deposits
  • 83.98%Equity capital to assets
  • 2.11%Core capital (leverage) ratio
  • 2.03%Tier 1 risk-based capital ratio
  • 2.56%Total risk-based capital ratio
  • Memoranda
  • $4Average assets
  • $346,152Average earning assets
  • $6,689Average equity
  • $301,981Average loans

List of branches

  • 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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