FDIC Certificate #: 58211 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Sunrise Bank (#58185) Federal Reserve ID: 3433056 Date Established: June 21, 2006 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 442273 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: June 21, 2006 Last Structure Change Effective Date: July 30, 2010 Last Structure Change Process Date: August 25, 2010 Last Data Update: August 25, 2010 Data Source Date: April 05, 2012
Location
Address: 600 West Peachtree Street Nw, Suite 300, Atlanta, GA 30308 County: Fulton Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Chicago FDIC Field Office: Atlanta Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Atlanta, GA (#520) Combined Statistical Area (CSA): Atlanta-Sandy Springs-Gainesville, GA-AL (#122) Core Based Statistical Area (CBSA): Atlanta-Sandy Springs-Marietta, GA (#12060) CBSA Metro Statistical Area: Atlanta-Sandy Springs-Marietta, GA (#12060)
Financial Summary
Total assets: $52.8 mil
2000 - 2011 Historical total assets, liabilities and capital ($ 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
16Total employees (full-time equivalent)
$55,974Total assets
$6,362Cash and due from depository institutions
$5,941Interest-bearing balances
$0Securities
$1,899Federal funds sold & reverse repurchase agreements
$41,097Net loans & leases
$2,611Loan loss allowance
$0Trading account assets
$465Bank premises and fixed assets
$5,394Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$757All other assets
$55,974Total liabilities and capital
$53,739Total liabilities
$48,968Total deposits
$44,938Interest-bearing deposits
$48,968Deposits held in domestic offices
99.36%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$4,606Other borrowed funds
$0Subordinated debt
$165All other liabilities
$2,235Total equity capital
$2,235Total bank equity capital
$2,235Perpetual preferred stock
$0Common stock
$4,000Surplus
$4,186Undivided profits
Memoranda
$-5,951Noncurrent loans and leases
$2,397Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$5,667Earning assets
$117Long-term assets (5+ years)
$205Average Assets, year-to-date
$48,937Average Assets, quarterly
$3,179Volatile liabilities
$59,706Insider loans
$56,752FHLB advances
$5,902Loans and leases held for sale
$150Unused loan commitments
$4,606Tier 1 (core) risk-based capital
$797Tier 2 risk-based capital
$541Total risk weighted assets
$2,397Total unused commitments
$1,148Restructured Loans and leases
$594Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$3,001Total interest income
$1,401Total interest expense
$1,600Net interest income
$2,414Provision for loan and lease losses
$369Total noninterest income
$0Fiduciary activities
$173Service charges on deposit accounts
$0Trading account gains & fees
$196Additional noninterest income
$2,739Total noninterest expense
$1,131Salaries and employee benefits
$272Premises and equipment expense
$1,336Additional noninterest expense
-$3,184Pre-tax net operating income
$0Securities gains (losses)
$1,055Applicable income taxes
-$4,239Income before extraordinary items
$0Extraordinary gains - net
-$4,239Net income attributable to bank
$0Net charge-offs
-$4,239Cash dividends
$866Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.69%Yield on earning assets
2.66%Cost of funding earning assets
3.03%Net interest margin
0.70%Noninterest income to earning assets
5.19%Noninterest expense to earning assets
-7.10%Net operating income to assets
-7.10%Return on assets (ROA)
-5.33%Pretax return on assets
-84.74%Return on equity (ROE)
-84.74%Retained earnings to average equity (YTD only)
1.79%Net charge-offs to loans
278.75%Credit loss provision to net charge-offs
-0.89%Efficiency ratio
139,106Assets per employee
3.50%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
5.97%Loss allowance to noncurrent loans
46.07%Noncurrent assets plus other real estate owned to assets
19.76%Noncurrent loans to loans
12.97%Net loans and leases to deposits
83.93%Net loans and leases to core deposits
94.33%Equity capital to assets
3.99%Core capital (leverage) ratio
3.92%Tier 1 risk-based capital ratio
4.91%Total risk-based capital ratio
Memoranda
$6Average assets
$59,706Average earning assets
$5,003Average equity
$52,763Average loans
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