FDIC Certificate #: 57590 Status: Inactive Closing history: Absorption - Without Assistance Acquiring institution:Sunrise Bank (#57808) Federal Reserve ID: 3195037 Date Established: October 15, 2003 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 366166 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: October 15, 2003 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: 200 West Grand Avenue, Escondido, CA 92025 County: San Diego Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: Chicago FDIC Field Office: Orange Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): San Diego, CA (#7320) Core Based Statistical Area (CBSA): San Diego-Carlsbad-San Marcos, CA (#41740) CBSA Metro Statistical Area: San Diego-Carlsbad-San Marcos, CA (#41740)
Financial Summary
Total assets: $66.7 mil
2000 - 2011 Historical total assets, liabilities and capital ($ 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
18Total employees (full-time equivalent)
$66,700Total assets
$13,255Cash and due from depository institutions
$11,350Interest-bearing balances
$0Securities
$1,815Federal funds sold & reverse repurchase agreements
$50,001Net loans & leases
$1,256Loan loss allowance
$0Trading account assets
$243Bank premises and fixed assets
$476Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$910All other assets
$66,700Total liabilities and capital
$61,081Total liabilities
$61,027Total deposits
$40,670Interest-bearing deposits
$61,027Deposits held in domestic offices
77.90%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$54All other liabilities
$5,619Total equity capital
$5,619Total bank equity capital
$5,619Perpetual preferred stock
$0Common stock
$8,000Surplus
$0Undivided profits
Memoranda
$-2,381Noncurrent loans and leases
$7,009Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,741Earning assets
$0Long-term assets (5+ years)
$204Average Assets, year-to-date
$63,166Average Assets, quarterly
$15,525Volatile liabilities
$93,927Insider loans
$86,423FHLB advances
$15,280Loans and leases held for sale
$1,705Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$7,009Total unused commitments
$0Restructured Loans and leases
$674Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$3,372Total interest income
$670Total interest expense
$2,702Net interest income
$1,641Provision for loan and lease losses
$28Total noninterest income
$0Fiduciary activities
$101Service charges on deposit accounts
$0Trading account gains & fees
-$73Additional noninterest income
$2,624Total noninterest expense
$1,276Salaries and employee benefits
$287Premises and equipment expense
$1,061Additional noninterest expense
-$1,535Pre-tax net operating income
$0Securities gains (losses)
$333Applicable income taxes
-$1,868Income before extraordinary items
$0Extraordinary gains - net
-$1,868Net income attributable to bank
$0Net charge-offs
-$1,868Cash dividends
$1,182Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.87%Yield on earning assets
0.77%Cost of funding earning assets
3.10%Net interest margin
0.03%Noninterest income to earning assets
3.01%Noninterest expense to earning assets
-1.99%Net operating income to assets
-1.99%Return on assets (ROA)
-1.63%Pretax return on assets
-16.42%Return on equity (ROE)
-16.42%Retained earnings to average equity (YTD only)
1.83%Net charge-offs to loans
138.83%Credit loss provision to net charge-offs
0.09%Efficiency ratio
96,117Assets per employee
3.71%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.45%Loss allowance to noncurrent loans
72.14%Noncurrent assets plus other real estate owned to assets
3.32%Noncurrent loans to loans
3.40%Net loans and leases to deposits
81.93%Net loans and leases to core deposits
109.30%Equity capital to assets
8.42%Core capital (leverage) ratio
7.97%Tier 1 risk-based capital ratio
10.57%Total risk-based capital ratio
Memoranda
$12Average assets
$93,927Average earning assets
$11,377Average equity
$87,179Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Bank of Escondido.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: