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- Banks in California (CA)
- Sunrise Bank
Sunrise Bank in San Diego, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of July 29, 2011
- Sunrise Bank in San Diego, California (CA)
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Sunrise Bank - Overview
- General
- FDIC Certificate #: 57808
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: AmericanWest Bank (#22441)
Federal Reserve ID: 3195037
Date Established: August 02, 2004
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
FDIC's unique #: 425770
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: August 02, 2004
Last Structure Change Effective Date: July 29, 2011
Last Structure Change Process Date: August 02, 2011
Last Data Update: August 02, 2011
Data Source Date: April 05, 2012 - Location
- Address: 1350 Rosecrans Street, San Diego, CA 92106
County: San Diego
Quarterly Banking Profile Region: San Francisco
FDIC Geographic Region: San Francisco
FDIC Supervisory Region: Chicago
FDIC Field Office: Orange
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Metropolitan Statistical Area (MSA): San Diego, CA (#7320)
Core Based Statistical Area (CBSA): San Diego-Carlsbad-San Marcos, CA (#41740)
CBSA Metro Statistical Area: San Diego-Carlsbad-San Marcos, CA (#41740) - Financial Summary
- Total assets: $225.3 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2010)
- Dollar figures in thousands
- 58Total employees (full-time equivalent)
- $231,836Total assets
- $45,249Cash and due from depository institutions
- $38,850Interest-bearing balances
- $1,993Securities
- $0Federal funds sold & reverse repurchase agreements
- $175,826Net loans & leases
- $7,815Loan loss allowance
- $0Trading account assets
- $600Bank premises and fixed assets
- $3,482Other real estate owned
- $0Goodwill and other intangibles
- $10Life insurance assets
- $4,686All other assets
- $231,836Total liabilities and capital
- $212,263Total liabilities
- $210,536Total deposits
- $129,308Interest-bearing deposits
- $210,536Deposits held in domestic offices
- 92.73%% insured (estimated)
- $0Federal funds purchased & repurchase agreements
- $0Trading liabilities
- $1,500Other borrowed funds
- $0Subordinated debt
- $227All other liabilities
- $19,573Total equity capital
- $19,573Total bank equity capital
- $19,573Perpetual preferred stock
- $0Common stock
- $33,584Surplus
- $5,885Undivided profits
- Memoranda
- $-19,896Noncurrent loans and leases
- $29,204Noncurrent loans that are wholly or partially guaranteed by the U.S. government
- $0Income earned, not collected on loans
- $8,529Earning assets
- $0Long-term assets (5+ years)
- $691Average Assets, year-to-date
- $216,669Average Assets, quarterly
- $50,443Volatile liabilities
- $258,518Insider loans
- $247,075FHLB advances
- $44,669Loans and leases held for sale
- $1,915Unused loan commitments
- $1,500Tier 1 (core) risk-based capital
- $0Tier 2 risk-based capital
- $0Total risk weighted assets
- $29,204Total unused commitments
- $3,807Restructured Loans and leases
- $2,288Derivatives
Income and Expense (December 31, 2010)
- Dollar figures in thousands
- $12,681Total interest income
- $1,355Total interest expense
- $11,326Net interest income
- $5,810Provision for loan and lease losses
- -$846Total noninterest income
- $0Fiduciary activities
- $344Service charges on deposit accounts
- $0Trading account gains & fees
- -$1,190Additional noninterest income
- $14,997Total noninterest expense
- $4,544Salaries and employee benefits
- $1,487Premises and equipment expense
- $8,966Additional noninterest expense
- -$10,327Pre-tax net operating income
- $0Securities gains (losses)
- $31Applicable income taxes
- -$10,358Income before extraordinary items
- $0Extraordinary gains - net
- -$10,358Net income attributable to bank
- $0Net charge-offs
- -$10,358Cash dividends
- $4,726Sale, conversion, retirement of capital stock, net
- $0Net operating income
Performance and Condition Ratios (December 31, 2010)
- Dollar figures in thousands
- Performance Ratios (%, annualized)
- 5.34%Yield on earning assets
- 0.57%Cost of funding earning assets
- 4.77%Net interest margin
- -0.36%Noninterest income to earning assets
- 6.31%Noninterest expense to earning assets
- -4.01%Net operating income to assets
- -4.01%Return on assets (ROA)
- -3.99%Pretax return on assets
- -41.65%Return on equity (ROE)
- -41.65%Retained earnings to average equity (YTD only)
- 2.38%Net charge-offs to loans
- 122.94%Credit loss provision to net charge-offs
- -0.96%Efficiency ratio
- 97,576Assets per employee
- 4.00%Cash dividends to net income (YTD only)
- Condition Ratios (%)
- 0.00%Loss allowance to loans
- 4.26%Loss allowance to noncurrent loans
- 91.63%Noncurrent assets plus other real estate owned to assets
- 5.18%Noncurrent loans to loans
- 4.64%Net loans and leases to deposits
- 83.51%Net loans and leases to core deposits
- 105.05%Equity capital to assets
- 8.44%Core capital (leverage) ratio
- 7.04%Tier 1 risk-based capital ratio
- 9.93%Total risk-based capital ratio
- Memoranda
- $11Average assets
- $258,518Average earning assets
- $24,866Average equity
- $237,548Average loans
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