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 - 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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