Sunrise Bank

Sunrise Bank is headquartered in Cocoa Beach and is the 185^th largest bank in the state of Florida. It is also the 4,925^th largest bank in the nation. It was established in 2005 and as of March of 2012, it had grown to 19 employees at 2 locations. Sunrise Bank has a 3-star health rating.

Sunrise Bank Routing Number: 063115806

Data for Q1 2012

Institution Statistics Sunrise Bank FDIC Certificate # 58029 BankRate Report View Year Established 2005 Employees 19 Primary Regulator FED Assets and Liabilities Assets $101.01 million Loans $61.11 million Deposits $93.60 million Equity Capital $6.25 million Loan Loss Allowance $2.73 million Unbacked Noncurrent Loans $1.75 million Real Estate Owned $4.05 million Historic Data - March 2011 Assets $121.32 million Equity Capital $986,000 Loan Loss Allowance $4.47 million Unbacked Noncurrent Loans $9.21 million Real Estate Owned $4.25 million Profit Margin - Quarterly Net Interest Margin 3.53% Return on Assets 4.12% Return on Equity 74.65% Interest Income $996,000

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 Sunrise Bank had $5.79 million in non-current loans and owned real-estate with $8.98 million in equity and loan loss allowances on hand to cover it. This gives Sunrise Bank a Texas Ratio of 64.51% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Sunrise Bank decreased significantly from 246.69% as of March 31, 2011 to 64.51% as of March 31, 2012, resulting in a positive change of 73.85%.This indicates that the balance sheet and financial strength for Sunrise Bank has improved significantly in recent periods. Deposit Growth In the past year, Sunrise Bank has decreased its total deposits by -$17.25 million, resulting in -15.56% 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 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. Sunrise Bank has $101 million in assets with $8.98 million in equity, resulting in a capitalization level of 8.89%, which is average.

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