American Bank of Commerce in Las Vegas, Nevada (NV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 30, 1997

  • American Bank of Commerce in Las Vegas, Nevada (NV)
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American Bank of Commerce - Overview

  • General
  • FDIC Certificate #: 22989
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Security Bank of Nevada (#32987)
    Federal Reserve ID: 265966
    Date Established: November 26, 1979
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Interstate: No)
    FDIC's unique #: 16090
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: November 26, 1979
    Last Structure Change Effective Date: June 30, 1997
    Last Structure Change Process Date: July 02, 1997
    Last Data Update: July 21, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 4425 Spring Mountain Road, Las Vegas, NV 89102
    County: Clark
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Phoenix
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Las Vegas, NV-AZ (#4120)
    Combined Statistical Area (CSA): Las Vegas-Paradise-Pahrump, NV (#332)
    Core Based Statistical Area (CBSA): Las Vegas-Paradise, NV (#29820)
    CBSA Metro Statistical Area: Las Vegas-Paradise, NV (#29820)
  • Financial Summary
  • Total assets: $309.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $116Total assets
  • $317,676Cash and due from depository institutions
  • $35,738Interest-bearing balances
  • $0Securities
  • $131,365Federal funds sold & reverse repurchase agreements
  • $8,400Net loans & leases
  • $125,166Loan loss allowance
  • $1,301Trading account assets
  • $0Bank premises and fixed assets
  • $12,647Other real estate owned
  • $195Goodwill and other intangibles
  • $4,165Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $317,676Total liabilities
  • $287,634Total deposits
  • $249,851Interest-bearing deposits
  • $140,230Deposits held in domestic offices
  • 249851.00%% insured (estimated)
  • $48Federal funds purchased & repurchase agreements
  • $36,440Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $1,343Total equity capital
  • $1,343Total bank equity capital
  • $30,042Perpetual preferred stock
  • $0Common stock
  • $1,367Surplus
  • $6,633Undivided profits
  • Memoranda
  • $22,042Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $700Income earned, not collected on loans
  • $663Earning assets
  • $264,931Long-term assets (5+ years)
  • $36,495Average Assets, year-to-date
  • $287,735Average Assets, quarterly
  • $299,576Volatile liabilities
  • $44,258Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $75,893Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $30,026Total risk weighted assets
  • $191,383Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $20,191Total interest expense
  • $5,792Net interest income
  • $14,399Provision for loan and lease losses
  • $375Total noninterest income
  • $1,228Fiduciary activities
  • $408Service charges on deposit accounts
  • $336Trading account gains & fees
  • $0Additional noninterest income
  • $484Total noninterest expense
  • $8,644Salaries and employee benefits
  • $5,124Premises and equipment expense
  • $1,401Additional noninterest expense
  • $2,119Pre-tax net operating income
  • $6,608Securities gains (losses)
  • $307Applicable income taxes
  • $1,910Income before extraordinary items
  • $5,005Extraordinary gains - net
  • $0Net income attributable to bank
  • $5,005Net charge-offs
  • $306Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.50%Cost of funding earning assets
  • 2.44%Net interest margin
  • 6.06%Noninterest income to earning assets
  • 0.52%Noninterest expense to earning assets
  • 3.64%Net operating income to assets
  • 1.66%Return on assets (ROA)
  • 1.74%Pretax return on assets
  • 2.40%Return on equity (ROE)
  • 18.37%Retained earnings to average equity (YTD only)
  • 18.37%Net charge-offs to loans
  • 0.28%Credit loss provision to net charge-offs
  • 122.55%Efficiency ratio
  • 55,315Assets per employee
  • 2.74%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.03%Loss allowance to noncurrent loans
  • 185.86%Noncurrent assets plus other real estate owned to assets
  • 0.28%Noncurrent loans to loans
  • 0.55%Net loans and leases to deposits
  • 50.10%Net loans and leases to core deposits
  • 51.71%Equity capital to assets
  • 9.46%Core capital (leverage) ratio
  • 10.05%Tier 1 risk-based capital ratio
  • 15.69%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $287,735Average earning assets
  • $27,250Average equity
  • $237,489Average loans

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