SunBank, National Association in Phoenix, Arizona (AZ)
| SunBank, National Association | |
|---|---|
| General | FDIC Certificate #: 58611 Status: Active Federal Reserve ID: 3586925 Bank Holding Company (Regulatory Top Holder): Dickinson Financial Corporation Ii (RSSDID: 2107707, Location: Kansas City, MO) Date Established: June 01, 2007 WWW: http://www.sunbankaz.com 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: 16 (Domestic: 16, Interstate: No) FDIC's unique #: 458337 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: Other Specialized Lending < 1 Billion Date of Deposit Insurance: June 01, 2007 Last Structure Change Effective Date: May 14, 2010 Last Structure Change Process Date: July 12, 2010 Last Data Update: July 12, 2010 Data Source Date: April 05, 2012 |
| Location | Address: 1607 West Bethany Home Road, Phoenix, AZ 85015 County: Maricopa Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: Kansas City 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 | Change in Location |
| Financial Summary | Total assets: $31.4 mil Equity capital: $7.3 mil Deposits held in domestic offices: $23.9 mil Return on assets (ROA): -2.35% (-$0.7 mil) Quarterly return on assets: 0.18% ($0.1 mil) Return on Equity (ROE): -14.13% (-$1.0 mil) Quarterly return on equity: 0.77% ($0.1 mil) Net income: -$1.1 mil Quarterly Net income: $0.0 mil Pretax return on assets: -3.50% (-$1,100.4 mil) Quarterly Pretax return on assets: 0.04% ($12.6 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 82 |
| Total assets | $31,439 |
| Cash and due from depository institutions | $10,117 |
| Interest-bearing balances | $5,704 |
| Securities | $10,525 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $5,441 |
| Loan loss allowance | $1,443 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,833 |
| Other real estate owned | $2,780 |
| Goodwill and other intangibles | $0 |
| All other assets | $743 |
| Life insurance assets | $31,439 |
| Total liabilities and capital | $24,136 |
| Total liabilities | $23,879 |
| Total deposits | $17,167 |
| Interest-bearing deposits | $23,879 |
| Deposits held in domestic offices | $97 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $257 |
| All other liabilities | $7,303 |
| Total equity capital | $7,303 |
| Total bank equity capital | $7,303 |
| Perpetual preferred stock | $0 |
| Common stock | $8,000 |
| Surplus | $15,500 |
| Undivided profits | $-16,197 |
| Memoranda | |
| 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 | $2,321 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $61 |
| Average Assets, year-to-date | $21,670 |
| Average Assets, quarterly | $6,526 |
| Volatile liabilities | $45,412 |
| Insider loans | $31,856 |
| FHLB advances | $12,960 |
| Loans and leases held for sale | $31,224 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $7,265 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $282 |
| Derivatives | $0 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $412 |
| Total interest expense | $304 |
| Net interest income | $108 |
| Provision for loan and lease losses | $975 |
| Total noninterest income | $4,896 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $4,256 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $640 |
| Total noninterest expense | $5,619 |
| Salaries and employee benefits | $2,451 |
| Premises and equipment expense | $1,196 |
| Additional noninterest expense | $1,972 |
| Pre-tax net operating income | -$1,590 |
| Securities gains (losses) | $0 |
| Applicable income taxes | -$525 |
| Income before extraordinary items | -$1,065 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$1,065 |
| Net charge-offs | $0 |
| Cash dividends | -$1,065 |
| Sale, conversion, retirement of capital stock, net | $1,626 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 1.18% |
| Cost of funding earning assets | 0.87% |
| Net interest margin | 0.31% |
| Noninterest income to earning assets | 14.04% |
| Noninterest expense to earning assets | 16.11% |
| Net operating income to assets | -2.35% |
| Return on assets (ROA) | -2.35% |
| Pretax return on assets | -3.50% |
| Return on equity (ROE) | -14.13% |
| Retained earnings to average equity (YTD only) | -14.13% |
| Net charge-offs to loans | 17.20% |
| Credit loss provision to net charge-offs | 59.96% |
| Efficiency ratio | -0.38% |
| Assets per employee | $112,290 |
| Cash dividends to net income (YTD only) | 0.38% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 20.96% |
| Noncurrent assets plus other real estate owned to assets | 62.17% |
| Noncurrent loans to loans | 16.23% |
| Net loans and leases to deposits | 33.72% |
| Net loans and leases to core deposits | 22.79% |
| Equity capital to assets | 23.20% |
| Core capital (leverage) ratio | 23.23% |
| Tier 1 risk-based capital ratio | 23.27% |
| Total risk-based capital ratio | 56.06% |
| Memoranda | |
| Average assets | $57 |
| Average earning assets | $45,412 |
| Average equity | $7,537 |
| Average loans | $34,872 |
| 16 Arizona Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 458337 | Sunbank, National Association | 1607 West Bethany Home Road, Phoenix, AZ 85015 | June 01, 2007 | Full Service Brick and Mortar |  |
| 1 | 467035 | El Mirage Branch | 12900 W. Thunderbird, El Mirage, AZ 85335 | July 18, 2007 | Full Service Retail |  |
| 3 | 469193 | Nogales Branch | 100 West White Park Drive, Nogales, AZ 85621 | October 17, 2007 | Full Service Retail | |
| 4 | 469326 | Tucson Branch | 1650 West Valencia Road, Tucson, AZ 85746 | September 12, 2007 | Full Service Retail | |
| 5 | 469327 | Green Valley Branch | 18680 South Nogales Highway, Green Valley, AZ 85614 | September 19, 2007 | Full Service Retail | |
| 6 | 469328 | Yuma Branch | 2501 South Avenue B, Yuma, AZ 85364 | September 26, 2007 | Full Service Retail | |
| 7 | 475975 | Apache Junction Branch | 2555 West Apache Trail, Apache Junction, AZ 85120 | Febuary 13, 2008 | Full Service Retail | |
| 8 | 476026 | Prescott Branch | 3050 E. State Route 69, Prescott, AZ 86301 | April 02, 2008 | Full Service Retail | |
| 9 | 476027 | Glendale West Branch | 5010 North 95th Avenue, Glendale, AZ 85305 | April 02, 2008 | Full Service Retail | |
| 10 | 476028 | San Luis Branch | 1613 North Main Street, San Luis, AZ 85349 | March 07, 2008 | Full Service Retail | |
| 11 | 476599 | Yuma/Pacific In-Store Branch 64 | 2900 South Pacific Avenue, Yuma, AZ 85364 | May 28, 2008 | Full Service Retail | |
| 12 | 479011 | Queen Creek In Store Branch | 21055 S Rittenhouse Dr, Queen Creek, AZ 85142 | May 07, 2008 | Full Service Retail | |
| 13 | 479012 | Cottonwood In Store Branch | 2003 E Rodeo Dr, Cottonwood, AZ 86326 | April 30, 2008 | Full Service Retail | |
| 14 | 479013 | Yuma/Foothills In Store Branch | 8151 E 32nd St, Yuma, AZ 85365 | June 04, 2008 | Full Service Retail | |
| 15 | 479014 | Lake Havasu In Store Branch | 5695 Hwy 95 N, Lake Havasu City, AZ 86404 | June 11, 2008 | Full Service Retail | |
| 16 | 510572 | Glendale Manistee Branch | 5605 West Northern Avenue, Glendale, AZ 85301 | July 12, 2008 | Full Service Brick and Mortar | |
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