FDIC Certificate #: 58253 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:SUNRISE BANK OF ARIZONA (#34707) Federal Reserve ID: 3428221 Date Established: April 27, 2006 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 444609 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: April 27, 2006 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: 668 North 44th Street, Suite 123, Phoenix, AZ 85008 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: $40.2 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2008)
Dollar figures in thousands
11Total employees (full-time equivalent)
$38,127Total assets
$2,865Cash and due from depository institutions
$2,065Interest-bearing balances
$0Securities
$1,000Federal funds sold & reverse repurchase agreements
$32,329Net loans & leases
$694Loan loss allowance
$0Trading account assets
$509Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,424All other assets
$38,127Total liabilities and capital
$31,899Total liabilities
$31,811Total deposits
$29,673Interest-bearing deposits
$31,811Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$88All other liabilities
$6,228Total equity capital
$6,228Total bank equity capital
$6,228Perpetual preferred stock
$0Common stock
$4,129Surplus
$4,129Undivided profits
Memoranda
$-2,030Noncurrent loans and leases
$2,371Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,898Earning assets
$0Long-term assets (5+ years)
$95Average Assets, year-to-date
$35,394Average Assets, quarterly
$12,451Volatile liabilities
$32,297Insider loans
$37,602FHLB advances
$716Loans and leases held for sale
$869Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,371Total unused commitments
$0Restructured Loans and leases
$416Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$1,959Total interest income
$967Total interest expense
$992Net interest income
$892Provision for loan and lease losses
$30Total noninterest income
$0Fiduciary activities
$20Service charges on deposit accounts
$0Trading account gains & fees
$10Additional noninterest income
$1,682Total noninterest expense
$848Salaries and employee benefits
$251Premises and equipment expense
$583Additional noninterest expense
-$1,552Pre-tax net operating income
$0Securities gains (losses)
-$596Applicable income taxes
-$956Income before extraordinary items
$0Extraordinary gains - net
-$956Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$603Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.57%Yield on earning assets
3.24%Cost of funding earning assets
3.33%Net interest margin
0.10%Noninterest income to earning assets
5.64%Noninterest expense to earning assets
-2.96%Net operating income to assets
-2.96%Return on assets (ROA)
-4.81%Pretax return on assets
-14.28%Return on equity (ROE)
-14.28%Retained earnings to average equity (YTD only)
2.14%Net charge-offs to loans
147.93%Credit loss provision to net charge-offs
-1.09%Efficiency ratio
164,579Assets per employee
3.47%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.10%Loss allowance to noncurrent loans
36.56%Noncurrent assets plus other real estate owned to assets
4.98%Noncurrent loans to loans
5.75%Net loans and leases to deposits
101.63%Net loans and leases to core deposits
103.97%Equity capital to assets
16.33%Core capital (leverage) ratio
13.27%Tier 1 risk-based capital ratio
15.06%Total risk-based capital ratio
Memoranda
$16Average assets
$32,297Average earning assets
$6,694Average equity
$29,810Average loans
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