Sun National Bank

226 West Landis Avenue
Vineland, NJ 8360
1.800.691.7701
www.sunnb.com

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Sun National Bank is headquartered in Vineland and is the 8^th largest bank in the state of New Jersey. It is also the 236^th largest bank in the nation. It was established in 1985 and as of March of 2012, it had grown to 714 employees at 62 locations. Sun National Bank's savings rates are 92% higher than the national average, and it has a 3-star health rating.

Sun National Bank Routing Number: 031206420

$100 Checking Account Bonus at Sun National Bank in New Jersey - Local Only - 3/21/2011

Sun National Bank is offering a $100 bonus for opening its Sun Secure Checking account with direct deposit. This promotion doesn't appear to be listed at the bank's website. It was recently advertised ...

$100 Bonus, 2.75% APY Checking Account and 3% 9-mo CD at Sun National Bank in New Jersey - 2/3/2009

Sun National Bank is offering several good deals. First is a checking account called Kapow! Checking which has a promo rate of 2.75% APY. Minimum balance to qualify for this rate and to avoid a $20/month fee is $2,500. This 2.75% APY is only shown in the...

3.00% Checking and Some High CD Rates at Sun National Bank in NJ/DE - 5/4/2008

Sun National Bank has some attractive rates on its checking, savings and CD accounts. There's a 3.00% APY checking account called the Kapow Checking. This isn't a reward checking so it doesn't require debit card usage and direct deposit. However, unlike...

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

Sun National Bank Checking Account Rates

Apy	Min	Max	Product
0.50%	$250k	-	Maximum Interest Checking
0.45%	$2,500	-	KAPOW Checking
0.45%	$5k	-	Maximum Interest Checking- Promo Offer
0.10%	$500	-	Sun Interest Checking Non Personal

Sun National Bank Savings Account Rates

Apy	Min	Max	Product
1.00%	-	$250k	High Interest Paperless e-Savings
0.50%	$50k	-	Maximum Savings (Maximum Checking required)
0.35%	$250k	-	Business Savings
0.35%	$25	-	Sun Growth Relationship IRA
0.35%	$25	-	Sun Growth Relationship Educational IRA
0.35%	$25	-	Sun Growth Relationship Roth IRA
0.25%	-	-	Auto Debit Club Account
0.20%	$25k	-	Basic Savings
0.20%	-	-	Young Savers
0.20%	$25k	-	SunRay Savings (SunRay or Bank at Work Checking required)
0.10%	$25	-	Sun Growth IRA
0.10%	$25	-	Sun Growth Educational IRA
0.10%	$25	-	Sun Growth Roth IRA

Sun National Bank Money Market Rates

Apy	Min	Max	Product
0.50%	$50k	-	Maximum Money Market (Maximum Checking required)
0.50%	$250k	-	C4 Business Money Market (C4 Business Power or The Professional Checking required)
0.35%	$250k	-	Basic Business Money Market
0.35%	$250k	-	Business Performance Money Market (New money required)
0.20%	$25k	-	Basic Money Market
0.20%	$25k	-	Sun Ray Money Market (SunRay or Bank at Work Checking required)

Sun National Bank CD Rates

Apy	Min	Max	Product
1.20%	$500	$100k	36-47 Month Relationship CD
1.20%	$500	$100k	48-59 Month Relationship CD
1.20%	$500	$100k	60 Month Relationship CD
0.95%	$500	$100k	36-47 Month CD
0.95%	$500	$100k	48-59 Month CD
0.95%	$500	$100k	60 Month CD
0.90%	$500	$100k	24-35 Month Relationship CD
0.80%	$500	$100k	9 Month Promo Relationship CD
0.80%	$500	$100k	12-23 Month Relationship CD
0.65%	$500	$100k	24-35 Month CD
0.55%	$500	$100k	9 Month Promo CD
0.55%	$500	$100k	12-23 Month CD
0.40%	$500	$100k	3 Month Promo Relationship CD
0.35%	$500	$100k	18 Month Sun Rise Relationship CD
0.30%	$500	$100k	7-29 Day Relationship CD
0.30%	$500	$100k	30-91 Day Relationship CD
0.30%	$500	$100k	18 Month Sun Power Relationship CD
0.15%	$500	$100k	3 Month Promo CD
0.10%	$500	$100k	18 Month Sun Rise CD
0.05%	$500	$100k	7-29 Day CD
0.05%	$500	$100k	30-91 Day CD
0.05%	$500	$100k	18 Month Sun Power CD

Sun National Bank IRA Rates

Apy	Min	Max	Product
1.20%	$500	$100k	36-47 Month Relationship IRA
1.20%	$500	$100k	48-59 Month Relationship IRA
1.20%	$500	$100k	60 Month Relationship IRA
1.20%	$500	$100k	36-47 Month Relationship Roth IRA
1.20%	$500	$100k	48-59 Month Relationship Roth IRA
1.20%	$500	$100k	60 Month Relationship Roth IRA
1.20%	$500	$100k	36-47 Month Relationship Educational IRA
1.20%	$500	$100k	48-59 Month Relationship Educational IRA
1.20%	$500	$100k	60 Month Relationship Educational IRA
0.95%	$500	$100k	36-47 Month IRA
0.95%	$500	$100k	48-59 Month IRA
0.95%	$500	$100k	60 Month IRA
0.95%	$500	$100k	36-47 Month Roth IRA
0.95%	$500	$100k	48-59 Month Roth IRA
0.95%	$500	$100k	60 Month Roth IRA
0.95%	$500	$100k	36-47 Month Educational IRA
0.95%	$500	$100k	48-59 Month Educational IRA
0.95%	$500	$100k	60 Month Educational IRA
0.90%	$500	$100k	24-35 Month Relationship IRA
0.90%	$500	$100k	24-35 Month Relationship Roth IRA
0.90%	$500	$100k	24-35 Month Relationship Educational IRA
0.80%	$500	$100k	12-23 Month Relationship IRA
0.80%	$500	$100k	12-23 Month Relationship Roth IRA
0.80%	$500	$100k	12-23 Month Relationship Educational IRA
0.65%	$500	$100k	24-35 Month IRA
0.65%	$500	$100k	24-35 Month Roth IRA
0.65%	$500	$100k	24-35 Month Educational IRA
0.55%	$500	$100k	12-23 Month IRA
0.55%	$500	$100k	12-23 Month Roth IRA
0.55%	$500	$100k	12-23 Month Educational IRA
0.35%	$500	$100k	18 Month Sun Rise Relationship IRA
0.35%	$500	$100k	18 Month Sun Rise Relationship Roth IRA
0.35%	$500	$100k	18 Month Sun Rise Relationship Educational IRA
0.30%	$500	$100k	18 Month Sun Power Relationship IRA
0.30%	$500	$100k	18 Month Sun Power Relationship Roth IRA
0.30%	$500	$100k	18 Month Sun Power Relationship Educational IRA
0.10%	$500	$100k	18 Month Sun Rise IRA
0.10%	$500	$100k	18 Month Sun Rise Roth IRA
0.10%	$500	$100k	18 Month Sun Rise Educational IRA
0.05%	$500	$100k	18 Month Sun Power IRA
0.05%	$500	$100k	18 Month Sun Power Roth IRA
0.05%	$500	$100k	18 Month Sun Power Educational IRA

Rates updated: 5/27/2012

Data for Q1 2012

Institution Statistics

Sun National Bank
FDIC Certificate #	26240
BankRate Report	View
Year Established	1985
Employees	714
Primary Regulator	OCC
Assets and Liabilities
Assets	$3.11 billion
Loans	$2.20 billion
Deposits	$2.65 billion
Equity Capital	$354.87 million
Loan Loss Allowance	$52.13 million
Unbacked Noncurrent Loans	$114.59 million
Real Estate Owned	$4.17 million
Historic Data - March 2011
Assets	$3.33 billion
Equity Capital	$347.32 million
Loan Loss Allowance	$58.50 million
Unbacked Noncurrent Loans	$187.82 million
Real Estate Owned	$4.44 million
Profit Margin - Quarterly
Net Interest Margin	3.62%
Return on Assets	-3.49%
Return on Equity	-31.02%
Interest Income	$29.41 million

Institution Health

Overall Score:

3 out of 5

Texas Ratio
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 March 31, 2012 Sun National Bank had $118.76 million in non-current loans and owned real-estate with $407 million in equity and loan loss allowances on hand to cover it. This gives Sun National Bank a Texas Ratio of 29.18% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Sun National Bank decreased slightly from 47.38% as of March 31, 2011 to 29.18% as of March 31, 2012, resulting in a positive change of 38.41%.This indicates that the balance sheet and financial strength for Sun National Bank has improved slightly in recent periods.
Deposit Growth
In the past year, Sun National Bank has decreased its total deposits by -$226.59 million, resulting in -7.88% 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 Sun National Bank has shown is poor.
Capitalization
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. Sun National Bank has $3.11 billion in assets with $407 million in equity, resulting in a capitalization level of 13.09%, which is excellent.