Sonoran Bank, N.A. in Phoenix, Arizona (AZ)
Overview, Financial Summary, Detailed Financial Reports, Branches

Sonoran Bank, N.A. - Overview

  • General
  • FDIC Certificate #: 58252
    Status: Active
    Federal Reserve ID: 3450950
    Date Established: June 26, 2006
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 444594
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: June 26, 2006
    Last Structure Change Effective Date: July 25, 2008
    Last Structure Change Process Date: July 25, 2008
    Last Data Update: July 25, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 3877 North 7th Street, Suite 150, Phoenix, AZ 85014
    County: Maricopa
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    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: $31.4 mil
    Equity capital: $4.3 mil
    Deposits held in domestic offices: $25.5 mil
    Return on assets (ROA): -0.16% (-$0.0 mil)
    Quarterly return on assets: -0.33% (-$0.1 mil)
    Return on Equity (ROE): -1.25% (-$0.1 mil)
    Quarterly return on equity: -2.39% (-$0.1 mil)
    Net income: -$0.1 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: -0.29% (-$91.0 mil)
    Quarterly Pretax return on assets: -0.38% (-$119.3 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
  • 7Total employees (full-time equivalent)
  • $31,396Total assets
  • $2,800Cash and due from depository institutions
  • $743Interest-bearing balances
  • $9,804Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $17,203Net loans & leases
  • $647Loan loss allowance
  • $0Trading account assets
  • $98Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $31,396Life insurance assets
  • $1,491All other assets
  • $27,076Total liabilities and capital
  • $25,507Total liabilities
  • $21,524Total deposits
  • $25,507Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,450Trading liabilities
  • $0Other borrowed funds
  • $119Subordinated debt
  • $4,320All other liabilities
  • $4,320Total equity capital
  • $4,320Total bank equity capital
  • $0Perpetual preferred stock
  • $4,646Common stock
  • $5,121Surplus
  • $-5,447Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $323Income earned, not collected on loans
  • $0Earning assets
  • $158Long-term assets (5+ years)
  • $27,750Average Assets, year-to-date
  • $844Average Assets, quarterly
  • $33,310Volatile liabilities
  • $31,510Insider loans
  • $21,626FHLB advances
  • $30,307Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,172Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $906Restructured Loans and leases
  • $528Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,497Total interest income
  • $233Total interest expense
  • $1,264Net interest income
  • $26Provision for loan and lease losses
  • $249Total noninterest income
  • $0Fiduciary activities
  • $174Service charges on deposit accounts
  • $0Trading account gains & fees
  • $75Additional noninterest income
  • $1,771Total noninterest expense
  • $792Salaries and employee benefits
  • $188Premises and equipment expense
  • $791Additional noninterest expense
  • -$284Pre-tax net operating income
  • $9Securities gains (losses)
  • -$41Applicable income taxes
  • -$234Income before extraordinary items
  • $180Extraordinary gains - net
  • -$54Net income attributable to bank
  • $0Net charge-offs
  • -$54Cash dividends
  • $46Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.08%Yield on earning assets
  • 0.79%Cost of funding earning assets
  • 4.29%Net interest margin
  • 0.84%Noninterest income to earning assets
  • 6.01%Noninterest expense to earning assets
  • -0.73%Net operating income to assets
  • -0.16%Return on assets (ROA)
  • -0.29%Pretax return on assets
  • -1.25%Return on equity (ROE)
  • -1.25%Retained earnings to average equity (YTD only)
  • 0.26%Net charge-offs to loans
  • 56.52%Credit loss provision to net charge-offs
  • -5.61%Efficiency ratio
  • 117,052Assets per employee
  • 4.49%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.62%Loss allowance to noncurrent loans
  • 200.31%Noncurrent assets plus other real estate owned to assets
  • 1.03%Noncurrent loans to loans
  • 1.81%Net loans and leases to deposits
  • 67.44%Net loans and leases to core deposits
  • 68.11%Equity capital to assets
  • 13.76%Core capital (leverage) ratio
  • 10.47%Tier 1 risk-based capital ratio
  • 14.67%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $33,310Average earning assets
  • $4,315Average equity
  • $29,475Average loans

List of branches

  • 1 Arizona Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0444594Sonoran Bank, N.A.3877 North 7th Street, Suite 150, Phoenix, AZ 85014June 26, 2006Full Service Brick and Mortar

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