FDIC Certificate #: 34911 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:SUNRISE BANK OF ARIZONA (#34707) Federal Reserve ID: 2716622 Date Established: October 20, 1998 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) FDIC's unique #: 61974 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 20, 1998 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: 63 East Main Street, Mesa, AZ 85201 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: $206.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)
Dollar figures in thousands
37Total employees (full-time equivalent)
$248,262Total assets
$57,805Cash and due from depository institutions
$50,304Interest-bearing balances
$1,831Securities
$100Federal funds sold & reverse repurchase agreements
$145,095Net loans & leases
$3,250Loan loss allowance
$0Trading account assets
$384Bank premises and fixed assets
$30,875Other real estate owned
$1,552Goodwill and other intangibles
$281Life insurance assets
$10,620All other assets
$248,262Total liabilities and capital
$230,979Total liabilities
$210,010Total deposits
$185,232Interest-bearing deposits
$210,010Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$20,250Other borrowed funds
$0Subordinated debt
$719All other liabilities
$17,283Total equity capital
$17,283Total bank equity capital
$17,283Perpetual preferred stock
$0Common stock
$1,500Surplus
$21,047Undivided profits
Memoranda
$-5,264Noncurrent loans and leases
$11,376Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$20,822Earning assets
$0Long-term assets (5+ years)
$719Average Assets, year-to-date
$197,330Average Assets, quarterly
$10,043Volatile liabilities
$225,953Insider loans
$236,913FHLB advances
$61,651Loans and leases held for sale
$4,665Unused loan commitments
$20,250Tier 1 (core) risk-based capital
$5,743Tier 2 risk-based capital
$492Total risk weighted assets
$11,376Total unused commitments
$10,863Restructured Loans and leases
$2,266Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$13,149Total interest income
$6,525Total interest expense
$6,624Net interest income
$17,096Provision for loan and lease losses
$785Total noninterest income
$0Fiduciary activities
$228Service charges on deposit accounts
$0Trading account gains & fees
$557Additional noninterest income
$6,401Total noninterest expense
$2,742Salaries and employee benefits
$554Premises and equipment expense
$3,105Additional noninterest expense
-$16,088Pre-tax net operating income
$0Securities gains (losses)
-$6,207Applicable income taxes
-$9,881Income before extraordinary items
$0Extraordinary gains - net
-$9,881Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$15,606Sale, conversion, retirement of capital stock, net
$650Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.79%Yield on earning assets
3.37%Cost of funding earning assets
3.42%Net interest margin
0.41%Noninterest income to earning assets
3.30%Noninterest expense to earning assets
-4.37%Net operating income to assets
-4.37%Return on assets (ROA)
-7.12%Pretax return on assets
-56.40%Return on equity (ROE)
-60.11%Retained earnings to average equity (YTD only)
8.86%Net charge-offs to loans
109.55%Credit loss provision to net charge-offs
0.06%Efficiency ratio
86,395Assets per employee
6.71%Cash dividends to net income (YTD only)
Condition Ratios (%)
-6.58%Loss allowance to loans
2.19%Loss allowance to noncurrent loans
15.61%Noncurrent assets plus other real estate owned to assets
20.82%Noncurrent loans to loans
14.04%Net loans and leases to deposits
69.09%Net loans and leases to core deposits
88.15%Equity capital to assets
6.96%Core capital (leverage) ratio
6.74%Tier 1 risk-based capital ratio
8.85%Total risk-based capital ratio
Memoranda
$10Average assets
$225,953Average earning assets
$17,520Average equity
$193,779Average loans
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