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

This bank is inactive as of July 30, 2010

  • Sunrise Bank of Atlanta in Atlanta, Georgia (GA)
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Sunrise Bank of Atlanta - Overview

  • General
  • FDIC Certificate #: 58211
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Sunrise Bank (#58185)
    Federal Reserve ID: 3433056
    Date Established: June 21, 2006
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 442273
    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: 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: 600 West Peachtree Street Nw, Suite 300, Atlanta, GA 30308
    County: Fulton
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Atlanta
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Atlanta, GA (#520)
    Combined Statistical Area (CSA): Atlanta-Sandy Springs-Gainesville, GA-AL (#122)
    Core Based Statistical Area (CBSA): Atlanta-Sandy Springs-Marietta, GA (#12060)
    CBSA Metro Statistical Area: Atlanta-Sandy Springs-Marietta, GA (#12060)
  • Financial Summary
  • Total assets: $52.8 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
  • 16Total employees (full-time equivalent)
  • $55,974Total assets
  • $6,362Cash and due from depository institutions
  • $5,941Interest-bearing balances
  • $0Securities
  • $1,899Federal funds sold & reverse repurchase agreements
  • $41,097Net loans & leases
  • $2,611Loan loss allowance
  • $0Trading account assets
  • $465Bank premises and fixed assets
  • $5,394Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $757All other assets
  • $55,974Total liabilities and capital
  • $53,739Total liabilities
  • $48,968Total deposits
  • $44,938Interest-bearing deposits
  • $48,968Deposits held in domestic offices
  • 99.36%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $4,606Other borrowed funds
  • $0Subordinated debt
  • $165All other liabilities
  • $2,235Total equity capital
  • $2,235Total bank equity capital
  • $2,235Perpetual preferred stock
  • $0Common stock
  • $4,000Surplus
  • $4,186Undivided profits
  • Memoranda
  • $-5,951Noncurrent loans and leases
  • $2,397Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $5,667Earning assets
  • $117Long-term assets (5+ years)
  • $205Average Assets, year-to-date
  • $48,937Average Assets, quarterly
  • $3,179Volatile liabilities
  • $59,706Insider loans
  • $56,752FHLB advances
  • $5,902Loans and leases held for sale
  • $150Unused loan commitments
  • $4,606Tier 1 (core) risk-based capital
  • $797Tier 2 risk-based capital
  • $541Total risk weighted assets
  • $2,397Total unused commitments
  • $1,148Restructured Loans and leases
  • $594Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $3,001Total interest income
  • $1,401Total interest expense
  • $1,600Net interest income
  • $2,414Provision for loan and lease losses
  • $369Total noninterest income
  • $0Fiduciary activities
  • $173Service charges on deposit accounts
  • $0Trading account gains & fees
  • $196Additional noninterest income
  • $2,739Total noninterest expense
  • $1,131Salaries and employee benefits
  • $272Premises and equipment expense
  • $1,336Additional noninterest expense
  • -$3,184Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,055Applicable income taxes
  • -$4,239Income before extraordinary items
  • $0Extraordinary gains - net
  • -$4,239Net income attributable to bank
  • $0Net charge-offs
  • -$4,239Cash dividends
  • $866Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.69%Yield on earning assets
  • 2.66%Cost of funding earning assets
  • 3.03%Net interest margin
  • 0.70%Noninterest income to earning assets
  • 5.19%Noninterest expense to earning assets
  • -7.10%Net operating income to assets
  • -7.10%Return on assets (ROA)
  • -5.33%Pretax return on assets
  • -84.74%Return on equity (ROE)
  • -84.74%Retained earnings to average equity (YTD only)
  • 1.79%Net charge-offs to loans
  • 278.75%Credit loss provision to net charge-offs
  • -0.89%Efficiency ratio
  • 139,106Assets per employee
  • 3.50%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.97%Loss allowance to noncurrent loans
  • 46.07%Noncurrent assets plus other real estate owned to assets
  • 19.76%Noncurrent loans to loans
  • 12.97%Net loans and leases to deposits
  • 83.93%Net loans and leases to core deposits
  • 94.33%Equity capital to assets
  • 3.99%Core capital (leverage) ratio
  • 3.92%Tier 1 risk-based capital ratio
  • 4.91%Total risk-based capital ratio
  • Memoranda
  • $6Average assets
  • $59,706Average earning assets
  • $5,003Average equity
  • $52,763Average loans

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