Sunwest Bank in Irvine, California (CA), AZ
Overview, Financial Summary, Detailed Financial Reports, Branches


Sunwest Bank - Overview

  • General
  • FDIC Certificate #: 20164
    Status: Active
    Federal Reserve ID: 140362
    Bank Holding Company (Regulatory Top Holder): Western Acquisitions, L.L.c. (RSSDID: 2453093, Location: Washington, DC)
    Date Established: April 09, 1970
    WWW: http://www.sunwestbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 11 (Domestic: 11, Interstate: Yes)
    OTS Docket #: 14780
    FDIC's unique #: 13857
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: April 09, 1970
    Last Structure Change Effective Date: September 19, 2011
    Last Structure Change Process Date: October 24, 2011
    Last Data Update: October 24, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 2050 Main Street, Irvine, CA 92614
    County: Orange
    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): Orange County, CA (#5945)
    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): Los Angeles-Long Beach-Santa Ana, CA (#31100)
    CBSA Metro Statistical Area: Los Angeles-Long Beach-Santa Ana, CA (#31100)
    Core Based Statistical Division: Santa Ana-Anaheim-Irvine, CA (#42044)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $609.2 mil
    Equity capital: $79.1 mil
    Deposits held in domestic offices: $512.4 mil
    Return on assets (ROA): 1.27% ($7.7 mil)
    Quarterly return on assets: 1.04% ($6.3 mil)
    Return on Equity (ROE): 10.21% ($8.1 mil)
    Quarterly return on equity: 7.99% ($6.3 mil)
    Net income: $7.7 mil
    Quarterly Net income: $1.6 mil
    Pretax return on assets: 2.04% ($12,427.3 mil)
    Quarterly Pretax return on assets: 1.65% ($10,051.5 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, 2011)

  • Dollar figures in thousands
  • 144Total employees (full-time equivalent)
  • $609,179Total assets
  • $126,109Cash and due from depository institutions
  • $122,480Interest-bearing balances
  • $65,166Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $389,787Net loans & leases
  • $8,717Loan loss allowance
  • $0Trading account assets
  • $3,367Bank premises and fixed assets
  • $6,245Other real estate owned
  • $0Goodwill and other intangibles
  • $609,179Life insurance assets
  • $18,505All other assets
  • $530,035Total liabilities and capital
  • $512,371Total liabilities
  • $455,387Total deposits
  • $512,371Interest-bearing deposits
  • $79Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,000Trading liabilities
  • $0Other borrowed funds
  • $7,664Subordinated debt
  • $79,144All other liabilities
  • $79,144Total equity capital
  • $79,144Total bank equity capital
  • $0Perpetual preferred stock
  • $35,024Common stock
  • $0Surplus
  • $44,120Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $9,408Income earned, not collected on loans
  • $706Earning assets
  • $2,168Long-term assets (5+ years)
  • $577,433Average Assets, year-to-date
  • $74,221Average Assets, quarterly
  • $608,887Volatile liabilities
  • $609,900Insider loans
  • $457,338FHLB advances
  • $616,615Loans and leases held for sale
  • $11,116Unused loan commitments
  • $11,116Tier 1 (core) risk-based capital
  • $77,314Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $104,370Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $43,248Total interest income
  • $2,702Total interest expense
  • $40,546Net interest income
  • $5,416Provision for loan and lease losses
  • $2,544Total noninterest income
  • $0Fiduciary activities
  • $765Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,779Additional noninterest income
  • $27,295Total noninterest expense
  • $13,580Salaries and employee benefits
  • $3,730Premises and equipment expense
  • $9,985Additional noninterest expense
  • $10,379Pre-tax net operating income
  • $2,063Securities gains (losses)
  • $4,694Applicable income taxes
  • $7,748Income before extraordinary items
  • $0Extraordinary gains - net
  • $7,748Net income attributable to bank
  • $0Net charge-offs
  • $7,748Cash dividends
  • $2,404Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.53%Yield on earning assets
  • 0.47%Cost of funding earning assets
  • 7.06%Net interest margin
  • 0.44%Noninterest income to earning assets
  • 4.75%Noninterest expense to earning assets
  • 1.06%Net operating income to assets
  • 1.27%Return on assets (ROA)
  • 2.04%Pretax return on assets
  • 10.21%Return on equity (ROE)
  • 10.21%Retained earnings to average equity (YTD only)
  • 0.66%Net charge-offs to loans
  • 225.29%Credit loss provision to net charge-offs
  • 6.57%Efficiency ratio
  • 63,344Assets per employee
  • 4.23%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.19%Loss allowance to noncurrent loans
  • 92.66%Noncurrent assets plus other real estate owned to assets
  • 2.57%Noncurrent loans to loans
  • 2.36%Net loans and leases to deposits
  • 76.08%Net loans and leases to core deposits
  • 77.04%Equity capital to assets
  • 12.99%Core capital (leverage) ratio
  • 12.54%Tier 1 risk-based capital ratio
  • 16.91%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $608,887Average earning assets
  • $75,876Average equity
  • $574,265Average loans

List of branches

  • 5 Arizona Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    861937Sunwest Bank Branch2520 North Fourth Street, Flagstaff, AZ 86004September 09, 1998Full Service Brick and Mortar
    10427704Flagstaff Branch822 North Humphreys, Flagstaff, AZ 86001October 01, 2003Full Service Brick and Mortar
    11466353Woodlands Office Branch1750 S Woodlands Village Blvd, Flagstaff, AZ 86001May 04, 2007Full Service Brick and Mortar
    12479340Cottonwood Office Branch704 S Main Street, Cottonwood, AZ 86326July 27, 2007Full Service Brick and Mortar
    16520057Tempe Office60 East Rio Salado Parkway, Tempe, AZ 85281May 31, 2011Limited Service Loan Production
  • 6 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    013857Sunwest Bank2050 Main Street, Irvine, CA 92614April 09, 1970Full Service Brick and Mortar
    1250408Newport Beach Branch1500 Quail Street, Suite 120, Newport Beach, CA 92660June 28, 1976Full Service Brick and Mortar
    5358473East Katella Branch2400 East Katella Avenue, Suite 10, Anaheim, CA 92806September 25, 2000Full Service Brick and Mortar
    6419427Laguna Hills Branch24422 Avenida De La Carlota Suite 11, Laguna Hills, CA 92653May 05, 2003Full Service Brick and Mortar
    14430468Sunwest Bank Branch905 Calle Amanecer, Suite 100, San Clemente, CA 92673May 16, 2005Full Service Brick and Mortar
    15442523Encinitas Office Branch499 N. El Camino Real, Suite C-100, Encinitas, CA 92024May 18, 2005Full Service Brick and Mortar

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