Sun Bank in Frisco, Texas (TX)



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Table of contents:
Sun Bank
GeneralFDIC Certificate #: 17026
Status: Inactive
Closing history: Change in Location
Acquiring institution: Bank of the Ozarks (#110)
Federal Reserve ID: 178561
Date Established: July 02, 1951
WWW: http://www.sunbankonline.com
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 1 (Interstate: No)
FDIC's unique #: 11091
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: July 02, 1951
Last Structure Change Effective Date: April 19, 2004
Last Structure Change Process Date: July 26, 2004
Last Data Update: July 26, 2004
Data Source Date: April 05, 2012
LocationAddress: 416 Main, Frisco, TX 75034
County: Collin
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Lubbock
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): Dallas, TX (#1920)
Consolidated Metropolitan Statistical Area (CMSA): Dallas-Fort Worth, TX (#31)
Combined Statistical Area (CSA): Dallas-Fort Worth, TX (#206)
Core Based Statistical Area (CBSA): Dallas-Fort Worth-Arlington, TX (#19100)
CBSA Metro Statistical Area: Dallas-Fort Worth-Arlington, TX (#19100)
Core Based Statistical Division: Dallas-Plano-Irving, TX (#19124)
History of ChangesMerger - Without Assistance
Change in Geographic Region/Area/Territory/Field Office
Change in Location
Financial SummaryTotal assets: $126.9 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, 2003)
(Dollar figures in thousands)
Total employees (full-time equivalent)46
Total assets$122,608
Cash and due from depository institutions$4,405
Interest-bearing balances$131
Securities$46,514
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$64,897
Loan loss allowance $823
Trading account assets$0
Bank premises and fixed assets$1,819
Other real estate owned$0
Goodwill and other intangibles$821
All other assets$4,152
Life insurance assets$0
Total liabilities and capital$122,608
Total liabilities$113,079
Total deposits$100,087
Interest-bearing deposits$84,576
Deposits held in domestic offices$100,087
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $1,025
Trading liabilities$0
Other borrowed funds $10,737
Subordinated debt $0
All other liabilities $1,230
Total equity capital$9,529
Total bank equity capital$9,529
Perpetual preferred stock$9,529
Common stock$0
Surplus$200
Undivided profits $7,800
Memoranda
Noncurrent loans and leases $1,529
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $15,092
Income earned, not collected on loans $0
Earning assets $716
Long-term assets (5+ years) $524
Average Assets, year-to-date $1,040
Average Assets, quarterly $111,542
Volatile liabilities $57,896
Insider loans $120,786
FHLB advances $122,673
Loans and leases held for sale $29,085
Unused loan commitments $408
Tier 1 (core) risk-based capital $10,737
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $15,092
Restructured Loans and leases $0
Derivatives$823
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Income and Expense (December 31, 2003)
(Dollar figures in thousands)
Total interest income $6,266
Total interest expense $1,901
Net interest income $4,365
Provision for loan and lease losses $120
Total noninterest income $816
Fiduciary activities $0
Service charges on deposit accounts $523
Trading account gains & fees $0
Additional noninterest income $293
Total noninterest expense $4,453
Salaries and employee benefits $2,730
Premises and equipment expense $491
Additional noninterest expense $1,232
Pre-tax net operating income $608
Securities gains (losses) $389
Applicable income taxes $0
Income before extraordinary items $997
Extraordinary gains - net $0
Net income attributable to bank $997
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $140
Net operating income $1,486
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Performance and Condition Ratios (December 31, 2003)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.72%
Cost of funding earning assets 1.73%
Net interest margin 3.98%
Noninterest income to earning assets 0.74%
Noninterest expense to earning assets 4.06%
Net operating income to assets 0.50%
Return on assets (ROA) 0.83%
Pretax return on assets 0.83%
Return on equity (ROE) 10.08%
Retained earnings to average equity (YTD only) -4.95%
Net charge-offs to loans 0.22%
Credit loss provision to net charge-offs 85.71%
Efficiency ratio5.20%
Assets per employee$85,408
Cash dividends to net income (YTD only)2.67%
Condition Ratios (%)
Loss allowance to loans 149.05%
Loss allowance to noncurrent loans 1.25%
Noncurrent assets plus other real estate owned to assets 114.94%
Noncurrent loans to loans 0.58%
Net loans and leases to deposits1.09%
Net loans and leases to core deposits 64.84%
Equity capital to assets 90.10%
Core capital (leverage) ratio 7.77%
Tier 1 risk-based capital ratio 7.09%
Total risk-based capital ratio 11.60%
Memoranda
Average assets$13
Average earning assets$120,786
Average equity $9,888
Average loans $109,593
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