Sunrise Bank in Cocoa Beach, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Sunrise Bank - Overview

  • General
  • FDIC Certificate #: 58029
    Status: Active
    Federal Reserve ID: 3370133
    Date Established: August 01, 2005
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 434099
    Numeric code: 13
    Regulator: FED
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: August 01, 2005
    Last Structure Change Effective Date: July 23, 2007
    Last Structure Change Process Date: July 24, 2007
    Last Data Update: July 24, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 5604 North Atlantic Avenue, Cocoa Beach, FL 32931
    County: Brevard
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Tampa
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Melbourne-Titusville-Palm Bay, FL (#4900)
    Core Based Statistical Area (CBSA): Palm Bay-Melbourne-Titusville, FL (#37340)
    CBSA Metro Statistical Area: Palm Bay-Melbourne-Titusville, FL (#37340)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $105.8 mil
    Equity capital: $5.2 mil
    Deposits held in domestic offices: $96.4 mil
    Return on assets (ROA): 0.07% ($0.1 mil)
    Quarterly return on assets: 1.08% ($1.1 mil)
    Return on Equity (ROE): 2.35% ($0.1 mil)
    Quarterly return on equity: 22.00% ($1.1 mil)
    Net income: $0.1 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.07% ($74.0 mil)
    Quarterly Pretax return on assets: 1.08% ($1,142.2 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, 2011)

  • Dollar figures in thousands
  • 19Total employees (full-time equivalent)
  • $105,755Total assets
  • $14,219Cash and due from depository institutions
  • $13,439Interest-bearing balances
  • $20,301Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $62,833Net loans & leases
  • $3,528Loan loss allowance
  • $0Trading account assets
  • $2,880Bank premises and fixed assets
  • $4,365Other real estate owned
  • $0Goodwill and other intangibles
  • $105,756Life insurance assets
  • $1,157All other assets
  • $100,578Total liabilities and capital
  • $96,402Total liabilities
  • $89,284Total deposits
  • $96,402Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,000Trading liabilities
  • $0Other borrowed funds
  • $176Subordinated debt
  • $5,178All other liabilities
  • $5,178Total equity capital
  • $5,178Total bank equity capital
  • $0Perpetual preferred stock
  • $6,394Common stock
  • $14,957Surplus
  • $-16,173Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,991Income earned, not collected on loans
  • $0Earning assets
  • $296Long-term assets (5+ years)
  • $96,573Average Assets, year-to-date
  • $31,348Average Assets, quarterly
  • $112,504Volatile liabilities
  • $107,597Insider loans
  • $71,867FHLB advances
  • $107,387Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $4,997Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,577Restructured Loans and leases
  • $4,280Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,755Total interest income
  • $852Total interest expense
  • $3,903Net interest income
  • $191Provision for loan and lease losses
  • -$502Total noninterest income
  • $0Fiduciary activities
  • $70Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$572Additional noninterest income
  • $3,402Total noninterest expense
  • $1,304Salaries and employee benefits
  • $643Premises and equipment expense
  • $1,455Additional noninterest expense
  • -$192Pre-tax net operating income
  • $270Securities gains (losses)
  • $0Applicable income taxes
  • $78Income before extraordinary items
  • $0Extraordinary gains - net
  • $78Net income attributable to bank
  • $0Net charge-offs
  • $78Cash dividends
  • $1,405Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.63%Yield on earning assets
  • 0.83%Cost of funding earning assets
  • 3.80%Net interest margin
  • -0.49%Noninterest income to earning assets
  • 3.31%Noninterest expense to earning assets
  • -0.17%Net operating income to assets
  • 0.07%Return on assets (ROA)
  • 0.07%Pretax return on assets
  • 2.35%Return on equity (ROE)
  • 2.35%Retained earnings to average equity (YTD only)
  • 1.87%Net charge-offs to loans
  • 13.59%Credit loss provision to net charge-offs
  • -0.00%Efficiency ratio
  • 100,029Assets per employee
  • 5.57%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.32%Loss allowance to noncurrent loans
  • 117.95%Noncurrent assets plus other real estate owned to assets
  • 6.96%Noncurrent loans to loans
  • 4.51%Net loans and leases to deposits
  • 65.18%Net loans and leases to core deposits
  • 65.73%Equity capital to assets
  • 4.90%Core capital (leverage) ratio
  • 4.65%Tier 1 risk-based capital ratio
  • 6.95%Total risk-based capital ratio
  • Memoranda
  • $8Average assets
  • $112,504Average earning assets
  • $3,317Average equity
  • $102,645Average loans

List of branches

  • 2 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0434099Sunrise Bank5604 North Atlantic Avenue, Cocoa Beach, FL 32931August 01, 2005Full Service Brick and Mortar
    1452948Mobile Branch5604 N Atlantic Ave, Cocoa Beach, FL 32931September 22, 2005Limited Service Mobile

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