Sunrise Bank in San Diego, California (CA)
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| Sunrise Bank | |
|---|---|
| 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 |
| Assets and Liabilities (December 31, 2010) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 58 |
| Total assets | $231,836 |
| Cash and due from depository institutions | $45,249 |
| Interest-bearing balances | $38,850 |
| Securities | $1,993 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $175,826 |
| Loan loss allowance | $7,815 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $600 |
| Other real estate owned | $3,482 |
| Goodwill and other intangibles | $0 |
| All other assets | $4,686 |
| Life insurance assets | $10 |
| Total liabilities and capital | $231,836 |
| Total liabilities | $212,263 |
| Total deposits | $210,536 |
| Interest-bearing deposits | $129,308 |
| Deposits held in domestic offices | $210,536 |
| % insured (estimated) | 92.73% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $1,500 |
| Subordinated debt | $0 |
| All other liabilities | $227 |
| Total equity capital | $19,573 |
| Total bank equity capital | $19,573 |
| Perpetual preferred stock | $19,573 |
| Common stock | $0 |
| Surplus | $33,584 |
| Undivided profits | $5,885 |
| Memoranda | |
| Noncurrent loans and leases | $-19,896 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $29,204 |
| Income earned, not collected on loans | $0 |
| Earning assets | $8,529 |
| Long-term assets (5+ years) | $0 |
| Average Assets, year-to-date | $691 |
| Average Assets, quarterly | $216,669 |
| Volatile liabilities | $50,443 |
| Insider loans | $258,518 |
| FHLB advances | $247,075 |
| Loans and leases held for sale | $44,669 |
| Unused loan commitments | $1,915 |
| Tier 1 (core) risk-based capital | $1,500 |
| Tier 2 risk-based capital | $0 |
| Total risk weighted assets | $0 |
| Total unused commitments | $29,204 |
| Restructured Loans and leases | $3,807 |
| Derivatives | $2,288 |
| Income and Expense (December 31, 2010) (Dollar figures in thousands) | |
| Total interest income | $12,681 |
| Total interest expense | $1,355 |
| Net interest income | $11,326 |
| Provision for loan and lease losses | $5,810 |
| Total noninterest income | -$846 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $344 |
| Trading account gains & fees | $0 |
| Additional noninterest income | -$1,190 |
| Total noninterest expense | $14,997 |
| Salaries and employee benefits | $4,544 |
| Premises and equipment expense | $1,487 |
| Additional noninterest expense | $8,966 |
| Pre-tax net operating income | -$10,327 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $31 |
| Income before extraordinary items | -$10,358 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$10,358 |
| Net charge-offs | $0 |
| Cash dividends | -$10,358 |
| Sale, conversion, retirement of capital stock, net | $4,726 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2010) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.34% |
| Cost of funding earning assets | 0.57% |
| Net interest margin | 4.77% |
| Noninterest income to earning assets | -0.36% |
| Noninterest expense to earning assets | 6.31% |
| Net operating income to assets | -4.01% |
| Return on assets (ROA) | -4.01% |
| Pretax return on assets | -3.99% |
| Return on equity (ROE) | -41.65% |
| Retained earnings to average equity (YTD only) | -41.65% |
| Net charge-offs to loans | 2.38% |
| Credit loss provision to net charge-offs | 122.94% |
| Efficiency ratio | -0.96% |
| Assets per employee | $97,576 |
| Cash dividends to net income (YTD only) | 4.00% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 4.26% |
| Noncurrent assets plus other real estate owned to assets | 91.63% |
| Noncurrent loans to loans | 5.18% |
| Net loans and leases to deposits | 4.64% |
| Net loans and leases to core deposits | 83.51% |
| Equity capital to assets | 105.05% |
| Core capital (leverage) ratio | 8.44% |
| Tier 1 risk-based capital ratio | 7.04% |
| Total risk-based capital ratio | 9.93% |
| Memoranda | |
| Average assets | $11 |
| Average earning assets | $258,518 |
| Average equity | $24,866 |
| Average loans | $237,548 |
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Based on public records. Inadvertent errors are possible.
BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.