Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
219 Central Avenue Northwest
Albuquerque, NM 87102

Sunrise Bank Of Albuquerque is headquartered in Albuquerque and is the 44th largest bank in the state of New Mexico. It is also the 6,260th largest bank in the nation. It was established in 2000 and as of December of 2013, it had grown to 12 employees at 1 location. Sunrise Bank Of Albuquerque has a F health rating.

No reviews have been left for this bank yet. Be the first to review.



Health

Data for Q4 2013

Institution Health

F
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Sunrise Bank Of Albuquerque has a low asset base.

Texas Ratio

GRADE:
F

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 December 31, 2013 Sunrise Bank Of Albuquerque had $4.77 million in non-current loans and owned real-estate with $2.4 million in equity and loan loss allowances on hand to cover it. This gives Sunrise Bank Of Albuquerque a Texas Ratio of 198.50% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Sunrise Bank Of Albuquerque decreased slightly from 244.35% as of December 31, 2012 to 198.50% as of December 31, 2013, resulting in a positive change of 18.76%.This indicates that the balance sheet and financial strength for Sunrise Bank Of Albuquerque has improved slightly in recent periods.

Deposit Growth

GRADE:
F

In the past year, Sunrise Bank Of Albuquerque has decreased its total deposits by -$7.19 million, resulting in -15.3% 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 Sunrise Bank Of Albuquerque has shown is poor.

Capitalization

GRADE:
C-

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. Sunrise Bank Of Albuquerque has $40.84 million in assets with $2.4 million in equity, resulting in a capitalization level of 5.88%, which is below average.

Institution Statistics

Overall
FDIC Certificate #35428
Year Established2000
Employees12
Primary RegulatorFDIC
Assets and Liabilities
Assets$40.84 million
Loans$31.13 million
Deposits$39.82 million
Equity Capital$886,000
Loan Loss Allowance$1.52 million
Unbacked Noncurrent Loans$2.84 million
Real Estate Owned$1.93 million
Historic Data - December 2012
Assets$48.12 million
Equity Capital$959,000
Loan Loss Allowance$1.58 million
Unbacked Noncurrent Loans$2.84 million
Real Estate Owned$2.47 million
Profit Margin - Quarterly
Net Interest Margin4.06%
Return on Assets-2.53%
Return on Equity-86.27%
Interest Income$1.94 million
Rates

Sorry, we do not have rate data for Sunrise Bank Of Albuquerque

Locations


Sunrise Bank Of Albuquerque Locations
Sunrise Bank Of Albuquerque219 Central Avenue NorthwestAlbuquerque, NM 87102