Sunrise Community Bank in Palm Desert, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 06, 2010

  • Sunrise Community Bank in Palm Desert, California (CA)
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Sunrise Community Bank - Overview

  • General
  • FDIC Certificate #: 58487
    Status: Inactive
    Closing history: Absorption - Without Assistance
    Acquiring institution: Sunrise Bank (#57808)
    Federal Reserve ID: 3548204
    Date Established: Febuary 27, 2007
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 453867
    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: Febuary 27, 2007
    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: 41-990 Cook Street, Suite 701, Palm Desert, CA 92211
    County: Riverside
    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): Riverside-San Bernardino, CA (#6780)
    Consolidated Metropolitan Statistical Area (CMSA): Los Angeles-Riverside-Orange County, CA (#49)
    Combined Statistical Area (CSA): Los Angeles-Long Beach-Riverside, CA (#348)
    Core Based Statistical Area (CBSA): Riverside-San Bernardino-Ontario, CA (#40140)
    CBSA Metro Statistical Area: Riverside-San Bernardino-Ontario, CA (#40140)
  • Financial Summary
  • Total assets: $42.2 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, 2009)

  • Dollar figures in thousands
  • 9Total employees (full-time equivalent)
  • $42,204Total assets
  • $10,489Cash and due from depository institutions
  • $8,788Interest-bearing balances
  • $0Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $30,064Net loans & leases
  • $1,212Loan loss allowance
  • $0Trading account assets
  • $543Bank premises and fixed assets
  • $638Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $470All other assets
  • $42,204Total liabilities and capital
  • $39,045Total liabilities
  • $38,967Total deposits
  • $19,877Interest-bearing deposits
  • $38,967Deposits held in domestic offices
  • 90.51%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $78All other liabilities
  • $3,159Total equity capital
  • $3,159Total bank equity capital
  • $3,159Perpetual preferred stock
  • $0Common stock
  • $4,000Surplus
  • $4,000Undivided profits
  • Memoranda
  • $-4,841Noncurrent loans and leases
  • $3,045Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $541Earning assets
  • $0Long-term assets (5+ years)
  • $128Average Assets, year-to-date
  • $38,852Average Assets, quarterly
  • $8,352Volatile liabilities
  • $40,269Insider loans
  • $42,264FHLB advances
  • $6,002Loans and leases held for sale
  • $3,150Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,045Total unused commitments
  • $0Restructured Loans and leases
  • $375Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $1,903Total interest income
  • $199Total interest expense
  • $1,704Net interest income
  • $1,477Provision for loan and lease losses
  • -$77Total noninterest income
  • $0Fiduciary activities
  • $22Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$99Additional noninterest income
  • $2,244Total noninterest expense
  • $985Salaries and employee benefits
  • $396Premises and equipment expense
  • $863Additional noninterest expense
  • -$2,094Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,104Applicable income taxes
  • -$3,198Income before extraordinary items
  • $0Extraordinary gains - net
  • -$3,198Net income attributable to bank
  • $0Net charge-offs
  • -$3,198Cash dividends
  • $705Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.15%Yield on earning assets
  • 0.54%Cost of funding earning assets
  • 4.61%Net interest margin
  • -0.21%Noninterest income to earning assets
  • 6.07%Noninterest expense to earning assets
  • -7.94%Net operating income to assets
  • -7.94%Return on assets (ROA)
  • -5.20%Pretax return on assets
  • -63.30%Return on equity (ROE)
  • -63.30%Retained earnings to average equity (YTD only)
  • 2.24%Net charge-offs to loans
  • 209.50%Credit loss provision to net charge-offs
  • -0.88%Efficiency ratio
  • 137,923Assets per employee
  • 4.69%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.88%Loss allowance to noncurrent loans
  • 224.03%Noncurrent assets plus other real estate owned to assets
  • 2.79%Noncurrent loans to loans
  • 1.73%Net loans and leases to deposits
  • 77.15%Net loans and leases to core deposits
  • 91.20%Equity capital to assets
  • 7.49%Core capital (leverage) ratio
  • 7.27%Tier 1 risk-based capital ratio
  • 10.82%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $40,269Average earning assets
  • $5,052Average equity
  • $36,953Average loans

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