Sunwest Bank

2050 Main Street
Irvine, CA 92614

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 20164
Date Established 1970
Assets $1.33 billion
Loans $1.09 billion
Deposits $1.00 billion
Capital $0.16 billion

Sunwest Bank is an FDIC insured institution located in Irvine, CA. It was founded in 1970 and has approximately $1.33 billion in assets. Customers can open an account at one of its 12 branches.

For a more detailed analysis of Sunwest Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Sunwest Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Construction and Development Loans.

Compared to other banks in California, Sunwest Bank has a significantly higher percent of Construction and Development Loans, Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 4.14
Multifamily
Mortgages
4.53
Credit Card Loans 0.00
Consumer Auto Loans 0.01
Small Business Loans 8.89
Construction and Development Loans 10.52
Commercial Real Estate 67.32
Commercial and Industrial Loans 14.28
Farm Loans 0.00

Deposit Rates - April 22, 2019

Your Current Location: Virginia, VA 20146

There are currently no rates available for Sunwest Bank, but see these great savings and CD rates:

Advertiser Disclosure

Loan Rates - April 22, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Sunwest Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

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Featured - Virginia Home Equity Line Of Credit Rates 2019

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Note to Sunwest Bank
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Branches

Sunwest Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

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Sunwest Bank Locations


Financial Details

Sunwest Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Sunwest Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Sunwest Bank U.S. Bank Average
7.96% 6.97%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2018, Sunwest Bank had $13,653,000 in non-current loans and $669,000 in owned real estate. To cover these potential losses it had $155,846,000 in equity and $23,967,000 in loans loss reserves. That gives it a Texas Ratio of 7.96%.

Return on Equity
Sunwest Bank U.S. Bank Average
13.77% 8.80%

Sunwest Bank has a Return on Equity of 13.77% versus the BestCashCow average of 8.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Sunwest Bank U.S. Bank Average
11.69% 12.29%

Sunwest Bank has a Capitalization of 11.69% versus the BestCashCow average of 12.29. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Sunwest Bank Balance Sheet Analysis

As of December 31, 2018, Sunwest Bank had assets of $1,333,563,000, loans of $1,093,553,000, and deposits of $997,815,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2018
ASSETS
Cash & Balances due from depository institutions $0.13 billion
Interest-bearing balances $0.11 billion
Total securities $0.07 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $1.09 billion
Loan loss allowance $0.02 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.04 billion
     Total Assets $1.18 billion
LIABILITIES
Total deposits $1.00 billion
      Interest-bearing deposits $0.58 billion
      Deposits held in domestic offices $1.00 billion
      % insured (estimated) 43.85%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.17 billion
Subordinated debt $0.00 billion
All other liabilities $0.01 billion
      Total Liabilities $1.18 billion
      Shareholders’ Equity $0.16 billion

Summary Income Statement

December 31, 2018
INCOME AND EXPENSES
Total Interest Income $0.06 billion
Total Interest Expense $0.01 billion
Net interest income $0.05 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.01 billion
Total non interest expense $0.03 billion
Pre-tax Net Operating Income $0.03 billion

Frequently Asked Questions About Sunwest Bank

Branches and Savings

Is Sunwest Bank FDIC insured?

Yes. It is covered under FDIC Certificate #20164.

Why does Sunwest Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Sunwest Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Sunwest Bank a commercial bank?

Yes

Where are Sunwest Bank locations?

See branch locations nearby.

Is Sunwest Bank open on Saturdays?

Is Sunwest Bank open on Sundays?

What time does Sunwest Bank open?

What time does Sunwest Bank close?

Are Sunwest Bank ATMs Open 24/7?

Do Sunwest Bank ATMs accept cash deposits?

Can Sunwest Bank customers use other ATMs?

Do Sunwest Bank branches have notaries?

Will Sunwest Bank notarize my document?

What address for Sunwest Bank should I put for incoming ACH transfers?

Will the Sunwest Bank branch print checks?

Do Sunwest Bank checks expire?

Does Sunwest Bank require US citizenship to open account?

Can Sunwest Bank close my account?

Does Sunwest Bank Report to credit bureaus?

Does Sunwest Bank Use Equifax?

What is Sunwest Bank's ACH Routing Number?

What is Sunwest Bank's SWIFT code?

Products

Does Sunwest Bank offer mortgages?

Compare mortgage rates here.

Does Sunwest Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Sunwest Bank offer personal loans?

Compare personal loan rates here.

Does Sunwest Bank offer student loans?

Will Sunwest Bank cash a check?

Will Sunwest Bank redeem a savings bond?

Does Sunwest Bank cash savings bonds?

Will Sunwest Bank cash money orders?

Can Sunwest Bank issue a money order?

Does Sunwest Bank do currency exchange?

Background on The Bank

Who owns Sunwest Bank?

How long has Sunwest Bank been around?

Can Sunwest Bank transfer to other banks?

Does Sunwest Bank have quick pay?

Does Sunwest Bank accept rolled coins?

Will Sunwest Bank accept loose change?

Where is Sunwest Bank headquarters?

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