What makes Sun National Bank a strong bank?
A critical reason that Sun National Bank is a strong bank is due to us being classified as a “well capitalized” bank. When a bank talks about their capital ratios, they are referring to the percentage of their capital to its risk-weighted assets. To be considered “well capitalized” under federal bank regulatory agency definitions, a bank must have Tier 1 capital of at least 10%. Sun’s second quarter Tier 1 capital ratio was 10.83%.