Sunrise Bank of Arizona in Phoenix, Arizona (AZ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 14, 2009

  • Sunrise Bank of Arizona in Phoenix, Arizona (AZ)
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Sunrise Bank of Arizona - Overview

  • General
  • FDIC Certificate #: 35037
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: SUNRISE BANK OF ARIZONA (#34707)
    Federal Reserve ID: 2736732
    Date Established: December 16, 1998
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 73861
    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: December 16, 1998
    Last Structure Change Effective Date: December 14, 2009
    Last Structure Change Process Date: January 07, 2010
    Last Data Update: January 07, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 4350 East Camelback Road, Suite 100a, Phoenix, AZ 85018
    County: Maricopa
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Phoenix
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Phoenix-Mesa, AZ (#6200)
    Core Based Statistical Area (CBSA): Phoenix-Mesa-Glendale, AZ (#38060)
    CBSA Metro Statistical Area: Phoenix-Mesa-Glendale, AZ (#38060)
  • Financial Summary
  • Total assets: $112.3 mil

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)

  • Dollar figures in thousands
  • 32Total employees (full-time equivalent)
  • $119,395Total assets
  • $2,779Cash and due from depository institutions
  • $367Interest-bearing balances
  • $969Securities
  • $3,105Federal funds sold & reverse repurchase agreements
  • $108,972Net loans & leases
  • $1,159Loan loss allowance
  • $0Trading account assets
  • $998Bank premises and fixed assets
  • $267Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $2,305All other assets
  • $119,395Total liabilities and capital
  • $108,946Total liabilities
  • $92,577Total deposits
  • $77,095Interest-bearing deposits
  • $92,577Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $16,150Other borrowed funds
  • $0Subordinated debt
  • $219All other liabilities
  • $10,449Total equity capital
  • $10,449Total bank equity capital
  • $10,449Perpetual preferred stock
  • $0Common stock
  • $1,744Surplus
  • $7,069Undivided profits
  • Memoranda
  • $1,636Noncurrent loans and leases
  • $9,867Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $3,707Earning assets
  • $0Long-term assets (5+ years)
  • $420Average Assets, year-to-date
  • $113,413Average Assets, quarterly
  • $9,568Volatile liabilities
  • $120,278Insider loans
  • $120,033FHLB advances
  • $35,308Loans and leases held for sale
  • $1,815Unused loan commitments
  • $16,150Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $9,867Total unused commitments
  • $0Restructured Loans and leases
  • $1,159Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $7,862Total interest income
  • $3,564Total interest expense
  • $4,298Net interest income
  • $358Provision for loan and lease losses
  • $192Total noninterest income
  • $0Fiduciary activities
  • $88Service charges on deposit accounts
  • $0Trading account gains & fees
  • $104Additional noninterest income
  • $4,833Total noninterest expense
  • $2,481Salaries and employee benefits
  • $913Premises and equipment expense
  • $1,439Additional noninterest expense
  • -$701Pre-tax net operating income
  • $0Securities gains (losses)
  • -$266Applicable income taxes
  • -$435Income before extraordinary items
  • $0Extraordinary gains - net
  • -$435Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $324Sale, conversion, retirement of capital stock, net
  • $624Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.91%Yield on earning assets
  • 3.13%Cost of funding earning assets
  • 3.78%Net interest margin
  • 0.17%Noninterest income to earning assets
  • 4.25%Noninterest expense to earning assets
  • -0.36%Net operating income to assets
  • -0.36%Return on assets (ROA)
  • -0.58%Pretax return on assets
  • -3.88%Return on equity (ROE)
  • -9.44%Retained earnings to average equity (YTD only)
  • 0.29%Net charge-offs to loans
  • 110.49%Credit loss provision to net charge-offs
  • -1.06%Efficiency ratio
  • 107,639Assets per employee
  • 3.73%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -143.45%Loss allowance to loans
  • 1.05%Loss allowance to noncurrent loans
  • 31.27%Noncurrent assets plus other real estate owned to assets
  • 3.33%Noncurrent loans to loans
  • 3.37%Net loans and leases to deposits
  • 117.71%Net loans and leases to core deposits
  • 150.47%Equity capital to assets
  • 8.75%Core capital (leverage) ratio
  • 8.73%Tier 1 risk-based capital ratio
  • 9.38%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $120,278Average earning assets
  • $11,222Average equity
  • $113,799Average loans

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