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Overview / Commentary
2050 Main Street
Irvine, CA 92614

Sunwest Bank is headquartered in Irvine and is the 62nd largest bank in the state of California. It is also the 833rd largest bank in the nation. It was established in 1970 and as of June of 2014, it had grown to 191 employees at 13 locations. Sunwest Bank has a B health rating.

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Health

Data for Q2 2014

Institution Health

B

Texas Ratio

GRADE:
C

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of June 30, 2014 Sunwest Bank had $35.24 million in non-current loans and owned real-estate with $117.04 million in equity and loan loss allowances on hand to cover it. This gives Sunwest Bank a Texas Ratio of 30.11% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Sunwest Bank experienced no significant changes from 32.32% as of June 30, 2013 to 30.11% as of June 30, 2014, resulting in a positive change of 6.84%.This indicates that the balance sheet and financial strength for Sunwest Bank has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Sunwest Bank has increased its total deposits by $107.1 million, resulting in 19.8% 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 Sunwest Bank has shown is excellent.

Capitalization

GRADE:
A+

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. Sunwest Bank has $817.49 million in assets with $117.04 million in equity, resulting in a capitalization level of 14.32%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #20164
Year Established1970
Employees191
Primary RegulatorFDIC
Assets and Liabilities
Assets$817.49 million
Loans$640.91 million
Deposits$648.00 million
Equity Capital$100.75 million
Loan Loss Allowance$16.30 million
Unbacked Noncurrent Loans$25.81 million
Real Estate Owned$9.43 million
Historic Data - June 2013
Assets$679.83 million
Equity Capital$92.61 million
Loan Loss Allowance$16.00 million
Unbacked Noncurrent Loans$25.81 million
Real Estate Owned$9.91 million
Profit Margin - Quarterly
Return on Assets1.07%
Return on Equity8.41%
Interest Income$21.36 million
Rates

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Locations


Sunwest Bank Locations
Woodlands Office Branch1750 S Woodlands Village BlvdFlagstaff, AZ 86001
Tustin Branch17542 East 17th StreetTustin, CA 92780
Sunwest Bank2050 Main StreetIrvine, CA 92614
East Katella Branch2400 East Katella Avenue, Suite 10Anaheim, CA 92806
Laguna Hills Branch24422 Avenida De LA Carlota Suite 11Laguna Hills, CA 92653
Puyallup Branch400 South Meridian, Suite 1bPuyallup, WA 98371
Westside Community Bank Branch4922 Bridgeport Way WestUniversity Place, WA 98467
Cottonwood Office Branch704 S Main StreetCottonwood, AZ 86326
Flagstaff Branch822 North HumphreysFlagstaff, AZ 86001
Sunwest Bank Branch905 Calle Amanecer, Suite 100San Clemente, CA 92673