FDIC Certificate #: 57067 Status: Inactive Closing history: Absorption - Without Assistance Acquiring institution:Sunrise Bank (#57808) Federal Reserve ID: 2942814 Date Established: January 11, 2001 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 356772 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: January 11, 2001 Last Structure Change Effective Date: March 06, 2010 Last Structure Change Process Date: March 15, 2010 Last Data Update: March 15, 2010 Data Source Date: April 05, 2012
Location
Address: 4445 Eastgate Mall Ste 110, San Diego, CA 92121 County: San Diego Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco 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: $83.8 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2009)
Dollar figures in thousands
18Total employees (full-time equivalent)
$83,825Total assets
$17,447Cash and due from depository institutions
$16,382Interest-bearing balances
$0Securities
$0Federal funds sold & reverse repurchase agreements
$60,484Net loans & leases
$2,486Loan loss allowance
$0Trading account assets
$127Bank premises and fixed assets
$631Other real estate owned
$1,965Goodwill and other intangibles
$0Life insurance assets
$3,171All other assets
$83,825Total liabilities and capital
$75,230Total liabilities
$66,136Total deposits
$46,331Interest-bearing deposits
$66,136Deposits held in domestic offices
73.37%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$9,000Other borrowed funds
$0Subordinated debt
$94All other liabilities
$8,595Total equity capital
$8,595Total bank equity capital
$8,595Perpetual preferred stock
$0Common stock
$8,150Surplus
$1,885Undivided profits
Memoranda
$-1,440Noncurrent loans and leases
$14,224Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$4,363Earning assets
$0Long-term assets (5+ years)
$256Average Assets, year-to-date
$76,866Average Assets, quarterly
$6,622Volatile liabilities
$87,676Insider loans
$83,937FHLB advances
$10,515Loans and leases held for sale
$1,004Unused loan commitments
$9,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$14,224Total unused commitments
$1,250Restructured Loans and leases
$798Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$4,421Total interest income
$550Total interest expense
$3,871Net interest income
$4,392Provision for loan and lease losses
$136Total noninterest income
$0Fiduciary activities
$59Service charges on deposit accounts
$0Trading account gains & fees
$77Additional noninterest income
$3,266Total noninterest expense
$1,487Salaries and employee benefits
$430Premises and equipment expense
$1,349Additional noninterest expense
-$3,651Pre-tax net operating income
$0Securities gains (losses)
-$1,510Applicable income taxes
-$2,141Income before extraordinary items
$0Extraordinary gains - net
-$2,141Net income attributable to bank
$0Net charge-offs
-$2,141Cash dividends
$2,954Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.48%Yield on earning assets
0.68%Cost of funding earning assets
4.80%Net interest margin
0.17%Noninterest income to earning assets
4.05%Noninterest expense to earning assets
-2.44%Net operating income to assets
-2.44%Return on assets (ROA)
-4.16%Pretax return on assets
-22.23%Return on equity (ROE)
-22.23%Retained earnings to average equity (YTD only)
4.14%Net charge-offs to loans
148.68%Credit loss provision to net charge-offs
0.25%Efficiency ratio
81,507Assets per employee
4.66%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.95%Loss allowance to noncurrent loans
56.98%Noncurrent assets plus other real estate owned to assets
5.96%Noncurrent loans to loans
6.93%Net loans and leases to deposits
91.45%Net loans and leases to core deposits
95.82%Equity capital to assets
10.25%Core capital (leverage) ratio
7.32%Tier 1 risk-based capital ratio
9.61%Total risk-based capital ratio
Memoranda
$11Average assets
$87,676Average earning assets
$9,632Average equity
$80,692Average loans
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