Sonoran Bank, N.A.

Sonoran Bank, N.A. Locations
3877 N. 7th St. Suite 150
Phoenix, AZ 85014
602-393-6950
www.sonoranbank.com

Sonoran Bank, N.A. is headquartered in Phoenix and is the 32nd largest bank in the state of Arizona. It is also the 6,990th largest bank in the nation. It was established in 2006 and as of September of 2011, it had grown to 7 employees at 1 location. Sonoran Bank, N.A. has a 4-star health rating.

Related Posts

Sonoran Bank, N.A. Reward Checking Dropped To 3.26% APY, Effective 8/18/2010 (Forum) - 8/27/2010

Sonoran Bank High Yield Checking is down from 4.26% APY to 3.26% for 0 - $30K and then 1.25% APY for over $30K. (I guess the latter is supposed to be some compensation for the former.) High Yield Savings is down to from 2.01% APY to 1.75% APY f

Sonoran Bank, N.A. Cuts Reward Checking and Savings Account Rates (Forum) - 4/23/2010

I'm afraid we lost another 5% reward checking account. Sonoran Bank, N.A. which is based in Arizona had the following rate cuts: High Yield Checking: 5.03% APY to 4.26% APY for up to $30K High Yield Savings: 3.01% APY to 2.51% APY for all balances A

High-Yield Reward Checking Account and Savings Account at Sonoran Bank in Arizona - Local Only - 12/7/2009

Sonoran Bank, N.A. is offering a high-yield reward checking account with the following rates and features if certain monthly requirements are met:5.03% APY on balances up to $30,0001.25% APY on portion of balance over $30,0000.01% base rate if...



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See Rates for: Checking | Savings | Money Market | CD

Sonoran Bank, N.A. Checking Account Rates

ApyMinMaxProduct
0.11%$1k-Interest Checking

Sonoran Bank, N.A. Savings Account Rates

ApyMinMaxProduct
0.16%--Savings Account

Sonoran Bank, N.A. Money Market Rates

ApyMinMaxProduct
0.41%$50k-Money Market Account

Sonoran Bank, N.A. CD Rates

ApyMinMaxProduct
0.76%$50k-1 Year CD
0.56%$50k-6 Month CD

Rates updated: 2/10/2012

Data for Q3 2011


Institution Statistics


Sonoran Bank, N.A.
FDIC Certificate #58252
BankRate ReportView
Year Established2006
Employees7
Primary RegulatorOCC

Assets and Liabilities

Assets$31.62 million
Loans$16.30 million
Deposits$25.38 million
Equity Capital$4.38 million
Loan Loss Allowance$645,000
Unbacked Noncurrent Loans$824,000

Historic Data - September 2010

Assets$39.26 million
Equity Capital$4.85 million
Loan Loss Allowance$665,000
Unbacked Noncurrent Loans$761,000
Real Estate Owned$1.07 million

Profit Margin - Quarterly

Net Interest Margin4.28%
Return on Assets-0.11%
Return on Equity-0.87%
Interest Income$1.15 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio3
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 Sonoran Bank, N.A. had $824,000 in non-current loans and owned real-estate with $5.02 million in equity and loan loss allowances on hand to cover it. This gives Sonoran Bank, N.A. a Texas Ratio of 16.40% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for Sonoran Bank, N.A. decreased significantly from 33.21% as of September 30, 2010 to 16.40% as of September 30, 2011, resulting in a positive change of 50.61%.This indicates that the balance sheet and financial strength for Sonoran Bank, N.A. has improved significantly in recent periods.
Deposit Growth1
In the past year, Sonoran Bank, N.A. has decreased its total deposits by -$6.85 million, resulting in -21.25% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Sonoran Bank, N.A. has shown is poor.
Capitalization5
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Sonoran Bank, N.A. has $31.62 million in assets with $5.02 million in equity, resulting in a capitalization level of 15.89%, which is excellent.
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