FDIC Certificate #: 35037 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:SUNRISE BANK OF ARIZONA (#34707) Federal Reserve ID: 2736732 Date Established: December 16, 1998 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 73861 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: December 16, 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: 4350 East Camelback Road, Suite 100a, Phoenix, AZ 85018 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: $112.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
32Total employees (full-time equivalent)
$119,395Total assets
$2,779Cash and due from depository institutions
$367Interest-bearing balances
$969Securities
$3,105Federal funds sold & reverse repurchase agreements
$108,972Net loans & leases
$1,159Loan loss allowance
$0Trading account assets
$998Bank premises and fixed assets
$267Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,305All other assets
$119,395Total liabilities and capital
$108,946Total liabilities
$92,577Total deposits
$77,095Interest-bearing deposits
$92,577Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$16,150Other borrowed funds
$0Subordinated debt
$219All other liabilities
$10,449Total equity capital
$10,449Total bank equity capital
$10,449Perpetual preferred stock
$0Common stock
$1,744Surplus
$7,069Undivided profits
Memoranda
$1,636Noncurrent loans and leases
$9,867Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$3,707Earning assets
$0Long-term assets (5+ years)
$420Average Assets, year-to-date
$113,413Average Assets, quarterly
$9,568Volatile liabilities
$120,278Insider loans
$120,033FHLB advances
$35,308Loans and leases held for sale
$1,815Unused loan commitments
$16,150Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$9,867Total unused commitments
$0Restructured Loans and leases
$1,159Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$7,862Total interest income
$3,564Total interest expense
$4,298Net interest income
$358Provision for loan and lease losses
$192Total noninterest income
$0Fiduciary activities
$88Service charges on deposit accounts
$0Trading account gains & fees
$104Additional noninterest income
$4,833Total noninterest expense
$2,481Salaries and employee benefits
$913Premises and equipment expense
$1,439Additional noninterest expense
-$701Pre-tax net operating income
$0Securities gains (losses)
-$266Applicable income taxes
-$435Income before extraordinary items
$0Extraordinary gains - net
-$435Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$324Sale, conversion, retirement of capital stock, net
$624Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.91%Yield on earning assets
3.13%Cost of funding earning assets
3.78%Net interest margin
0.17%Noninterest income to earning assets
4.25%Noninterest expense to earning assets
-0.36%Net operating income to assets
-0.36%Return on assets (ROA)
-0.58%Pretax return on assets
-3.88%Return on equity (ROE)
-9.44%Retained earnings to average equity (YTD only)
0.29%Net charge-offs to loans
110.49%Credit loss provision to net charge-offs
-1.06%Efficiency ratio
107,639Assets per employee
3.73%Cash dividends to net income (YTD only)
Condition Ratios (%)
-143.45%Loss allowance to loans
1.05%Loss allowance to noncurrent loans
31.27%Noncurrent assets plus other real estate owned to assets
3.33%Noncurrent loans to loans
3.37%Net loans and leases to deposits
117.71%Net loans and leases to core deposits
150.47%Equity capital to assets
8.75%Core capital (leverage) ratio
8.73%Tier 1 risk-based capital ratio
9.38%Total risk-based capital ratio
Memoranda
$10Average assets
$120,278Average earning assets
$11,222Average equity
$113,799Average loans
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