Sunrise Bank in Valdosta, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Sunrise Bank - Overview

  • General
  • FDIC Certificate #: 58185
    Status: Active
    Federal Reserve ID: 3402481
    Bank Holding Company (Regulatory Top Holder): Capitol Bancorp Ltd. (RSSDID: 1247334, Location: Lansing, MI)
    Date Established: June 21, 2006
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 441434
    Numeric code: 21
    Regulator: FDIC
    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: June 21, 2006
    Last Structure Change Effective Date: July 30, 2010
    Last Structure Change Process Date: August 25, 2010
    Last Data Update: August 25, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 301 Woodrow Wilson Drive, Valdosta, GA 31602
    County: Lowndes
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Albany Ga
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Core Based Statistical Area (CBSA): Valdosta, GA (#46660)
    CBSA Metro Statistical Area: Valdosta, GA (#46660)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
    Name Change
  • Financial Summary
  • Total assets: $81.1 mil
    Equity capital: $1.8 mil
    Deposits held in domestic offices: $75.1 mil
    Return on assets (ROA): -5.80% (-$4.7 mil)
    Quarterly return on assets: -4.78% (-$3.9 mil)
    Return on Equity (ROE): -275.60% (-$5.5 mil)
    Quarterly return on equity: -216.97% (-$4.3 mil)
    Net income: -$5.6 mil
    Quarterly Net income: -$1.0 mil
    Pretax return on assets: -5.62% (-$4,559.2 mil)
    Quarterly Pretax return on assets: -4.70% (-$3,812.9 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
  • 27Total employees (full-time equivalent)
  • $81,125Total assets
  • $11,787Cash and due from depository institutions
  • $10,132Interest-bearing balances
  • $308Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $58,123Net loans & leases
  • $4,084Loan loss allowance
  • $0Trading account assets
  • $923Bank premises and fixed assets
  • $8,848Other real estate owned
  • $0Goodwill and other intangibles
  • $81,125Life insurance assets
  • $1,136All other assets
  • $79,313Total liabilities and capital
  • $75,101Total liabilities
  • $65,482Total deposits
  • $75,101Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,004Trading liabilities
  • $0Other borrowed funds
  • $208Subordinated debt
  • $1,812All other liabilities
  • $1,812Total equity capital
  • $1,812Total bank equity capital
  • $0Perpetual preferred stock
  • $9,806Common stock
  • $16,959Surplus
  • $-24,953Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,398Income earned, not collected on loans
  • $2,857Earning assets
  • $224Long-term assets (5+ years)
  • $68,563Average Assets, year-to-date
  • $5,430Average Assets, quarterly
  • $96,685Volatile liabilities
  • $83,370Insider loans
  • $60,933FHLB advances
  • $83,703Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $1,808Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,817Restructured Loans and leases
  • $538Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,013Total interest income
  • $1,426Total interest expense
  • $2,587Net interest income
  • $1,889Provision for loan and lease losses
  • -$226Total noninterest income
  • $0Fiduciary activities
  • $255Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$481Additional noninterest income
  • $5,891Total noninterest expense
  • $2,076Salaries and employee benefits
  • $515Premises and equipment expense
  • $3,300Additional noninterest expense
  • -$5,419Pre-tax net operating income
  • -$10Securities gains (losses)
  • $175Applicable income taxes
  • -$5,604Income before extraordinary items
  • $0Extraordinary gains - net
  • -$5,604Net income attributable to bank
  • $0Net charge-offs
  • -$5,604Cash dividends
  • $2,179Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.83%Yield on earning assets
  • 1.72%Cost of funding earning assets
  • 3.11%Net interest margin
  • -0.27%Noninterest income to earning assets
  • 7.09%Noninterest expense to earning assets
  • -5.79%Net operating income to assets
  • -5.80%Return on assets (ROA)
  • -5.62%Pretax return on assets
  • -275.60%Return on equity (ROE)
  • -275.60%Retained earnings to average equity (YTD only)
  • 3.09%Net charge-offs to loans
  • 86.69%Credit loss provision to net charge-offs
  • -1.62%Efficiency ratio
  • 249,513Assets per employee
  • 3.00%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 6.57%Loss allowance to noncurrent loans
  • 48.63%Noncurrent assets plus other real estate owned to assets
  • 21.26%Noncurrent loans to loans
  • 13.50%Net loans and leases to deposits
  • 77.39%Net loans and leases to core deposits
  • 79.58%Equity capital to assets
  • 2.23%Core capital (leverage) ratio
  • 2.16%Tier 1 risk-based capital ratio
  • 2.97%Total risk-based capital ratio
  • Memoranda
  • $4Average assets
  • $96,685Average earning assets
  • $2,033Average equity
  • $83,064Average loans

List of branches

  • 3 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0441434Sunrise Bank301 Woodrow Wilson Drive, Valdosta, GA 31602June 21, 2006Full Service Brick and Mortar
    1442273Atlanta Branch600 West Peachtree Street Nw, Suite 300, Atlanta, GA 30308June 21, 2006Full Service Brick and Mortar
    213580Jeffersonville Branch207 Main Street, Jeffersonville, GA 31044January 01, 1934Full Service Brick and Mortar

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