Sunstate Bank in Casa Grande, Arizona (AZ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 11, 2007

  • Sunstate Bank in Casa Grande, Arizona (AZ)
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Sunstate Bank - Overview

  • General
  • FDIC Certificate #: 25333
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Great Western Bank (#15289)
    Federal Reserve ID: 485867
    Date Established: August 27, 1984
    WWW: http://www.sunstatebank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 11 (Interstate: No)
    FDIC's unique #: 17522
    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: August 27, 1984
    Last Structure Change Effective Date: May 11, 2007
    Last Structure Change Process Date: June 01, 2007
    Last Data Update: June 01, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 1300 East Florence Boulevard, Casa Grande, AZ 85222
    County: Pinal
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    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: $197.6 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, 2006)

  • Dollar figures in thousands
  • 77Total employees (full-time equivalent)
  • $200,627Total assets
  • $11,897Cash and due from depository institutions
  • $1,187Interest-bearing balances
  • $73,682Securities
  • $675Federal funds sold & reverse repurchase agreements
  • $107,415Net loans & leases
  • $1,149Loan loss allowance
  • $0Trading account assets
  • $3,582Bank premises and fixed assets
  • $0Other real estate owned
  • $154Goodwill and other intangibles
  • $0Life insurance assets
  • $3,222All other assets
  • $200,627Total liabilities and capital
  • $183,840Total liabilities
  • $162,896Total deposits
  • $92,855Interest-bearing deposits
  • $162,896Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $20,685Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $259All other liabilities
  • $16,787Total equity capital
  • $16,787Total bank equity capital
  • $16,787Perpetual preferred stock
  • $0Common stock
  • $2,234Surplus
  • $8,890Undivided profits
  • Memoranda
  • $5,663Noncurrent loans and leases
  • $21,175Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $281Earning assets
  • $0Long-term assets (5+ years)
  • $1,606Average Assets, year-to-date
  • $182,959Average Assets, quarterly
  • $10,210Volatile liabilities
  • $207,071Insider loans
  • $204,888FHLB advances
  • $36,711Loans and leases held for sale
  • $1,963Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $21,175Total unused commitments
  • $0Restructured Loans and leases
  • $1,149Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $12,456Total interest income
  • $2,633Total interest expense
  • $9,823Net interest income
  • $0Provision for loan and lease losses
  • $869Total noninterest income
  • $0Fiduciary activities
  • $713Service charges on deposit accounts
  • $0Trading account gains & fees
  • $156Additional noninterest income
  • $7,519Total noninterest expense
  • $4,076Salaries and employee benefits
  • $1,075Premises and equipment expense
  • $2,368Additional noninterest expense
  • $3,173Pre-tax net operating income
  • -$139Securities gains (losses)
  • $0Applicable income taxes
  • $3,034Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,034Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $131Sale, conversion, retirement of capital stock, net
  • $1,535Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.52%Yield on earning assets
  • 1.38%Cost of funding earning assets
  • 5.14%Net interest margin
  • 0.45%Noninterest income to earning assets
  • 3.94%Noninterest expense to earning assets
  • 1.53%Net operating income to assets
  • 1.47%Return on assets (ROA)
  • 1.47%Pretax return on assets
  • 19.69%Return on equity (ROE)
  • 9.73%Retained earnings to average equity (YTD only)
  • 0.13%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 24.22%Efficiency ratio
  • 70,108Assets per employee
  • 2.61%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 50.59%Loss allowance to loans
  • 1.06%Loss allowance to noncurrent loans
  • 408.90%Noncurrent assets plus other real estate owned to assets
  • 0.14%Noncurrent loans to loans
  • 0.26%Net loans and leases to deposits
  • 65.94%Net loans and leases to core deposits
  • 73.14%Equity capital to assets
  • 8.37%Core capital (leverage) ratio
  • 8.32%Tier 1 risk-based capital ratio
  • 13.26%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $207,071Average earning assets
  • $15,411Average equity
  • $191,043Average loans

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