Bank of America, National Association in Las Vegas, Nevada (NV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 1997

  • Bank of America, National Association in Las Vegas, Nevada (NV)
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Bank of America, National Association - Overview

  • General
  • FDIC Certificate #: 17300
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Bank of America, National Association (#3510)
    Federal Reserve ID: 523563
    Date Established: January 18, 1954
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 87 (Interstate: No)
    FDIC's unique #: 11314
    Numeric code: 13
    Regulator: FED
    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: January 18, 1954
    Last Structure Change Effective Date: January 01, 1997
    Last Structure Change Process Date: January 10, 1997
    Last Data Update: January 10, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 300 South Fourth Street, Las Vegas, NV 89101
    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)
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $4,393.6 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)
  • $1,502Total assets
  • $4,393,603Cash and due from depository institutions
  • $640,473Interest-bearing balances
  • $0Securities
  • $702,843Federal funds sold & reverse repurchase agreements
  • $174,400Net loans & leases
  • $2,508,256Loan loss allowance
  • $30,517Trading account assets
  • $0Bank premises and fixed assets
  • $92,479Other real estate owned
  • $673Goodwill and other intangibles
  • $56,554Life insurance assets
  • $217,925All other assets
  • $0Total liabilities and capital
  • $4,393,603Total liabilities
  • $3,905,231Total deposits
  • $3,749,437Interest-bearing deposits
  • $2,266,878Deposits held in domestic offices
  • 3749437.00%% insured (estimated)
  • $67Federal funds purchased & repurchase agreements
  • $73,375Trading liabilities
  • $0Other borrowed funds
  • $5,204Subordinated debt
  • $0All other liabilities
  • $77,215Total equity capital
  • $77,215Total bank equity capital
  • $488,372Perpetual preferred stock
  • $0Common stock
  • $24,220Surplus
  • $379,865Undivided profits
  • Memoranda
  • $84,287Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $27,956Income earned, not collected on loans
  • $14,570Earning assets
  • $3,385,499Long-term assets (5+ years)
  • $1,074,835Average Assets, year-to-date
  • $4,198,173Average Assets, quarterly
  • $4,313,489Volatile liabilities
  • $213,128Insider loans
  • $17,744FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $945,327Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $318,983Total risk weighted assets
  • $2,997,905Total unused commitments
  • $0Restructured Loans and leases
  • $280,000Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $278,591Total interest expense
  • $71,741Net interest income
  • $206,850Provision for loan and lease losses
  • -$38,000Total noninterest income
  • $76,431Fiduciary activities
  • $4,556Service charges on deposit accounts
  • $34,628Trading account gains & fees
  • $0Additional noninterest income
  • $37,247Total noninterest expense
  • $192,809Salaries and employee benefits
  • $62,504Premises and equipment expense
  • $23,703Additional noninterest expense
  • $106,602Pre-tax net operating income
  • $128,472Securities gains (losses)
  • -$433Applicable income taxes
  • $45,224Income before extraordinary items
  • $82,815Extraordinary gains - net
  • $0Net income attributable to bank
  • $82,815Net charge-offs
  • $430Cash dividends
  • $14,500Sale, conversion, retirement of capital stock, net
  • -$70,006Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.41%Cost of funding earning assets
  • 2.17%Net interest margin
  • 6.24%Noninterest income to earning assets
  • 2.31%Noninterest expense to earning assets
  • 5.82%Net operating income to assets
  • 1.98%Return on assets (ROA)
  • 1.97%Pretax return on assets
  • 3.05%Return on equity (ROE)
  • 16.58%Retained earnings to average equity (YTD only)
  • 13.68%Net charge-offs to loans
  • 0.02%Credit loss provision to net charge-offs
  • -8837.21%Efficiency ratio
  • 56,142Assets per employee
  • 2.93%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 17.51%Loss allowance to loans
  • 1.20%Loss allowance to noncurrent loans
  • 109.16%Noncurrent assets plus other real estate owned to assets
  • 0.65%Noncurrent loans to loans
  • 1.10%Net loans and leases to deposits
  • 66.90%Net loans and leases to core deposits
  • 69.39%Equity capital to assets
  • 11.12%Core capital (leverage) ratio
  • 7.86%Tier 1 risk-based capital ratio
  • 10.64%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $4,198,173Average earning assets
  • $499,457Average equity
  • $3,313,483Average loans

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