FDIC Certificate #: 35421 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Bank of Las Vegas (#57276) Federal Reserve ID: 2856032 Date Established: March 27, 2000 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 80016 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: March 27, 2000 Last Structure Change Effective Date: January 29, 2010 Last Structure Change Process Date: Febuary 22, 2010 Last Data Update: Febuary 22, 2010 Data Source Date: April 05, 2012
Location
Address: 1700 West Horizon Ridge Drive, Henderson, NV 89012 County: Clark Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: Chicago 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: $177.2 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2009)
Dollar figures in thousands
22Total employees (full-time equivalent)
$177,168Total assets
$32,967Cash and due from depository institutions
$32,178Interest-bearing balances
$76Securities
$0Federal funds sold & reverse repurchase agreements
$135,993Net loans & leases
$3,994Loan loss allowance
$0Trading account assets
$202Bank premises and fixed assets
$740Other real estate owned
$1,263Goodwill and other intangibles
$0Life insurance assets
$5,927All other assets
$177,168Total liabilities and capital
$164,620Total liabilities
$149,428Total deposits
$134,765Interest-bearing deposits
$149,428Deposits held in domestic offices
95.11%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$14,900Other borrowed funds
$0Subordinated debt
$292All other liabilities
$12,548Total equity capital
$12,548Total bank equity capital
$12,548Perpetual preferred stock
$0Common stock
$3,730Surplus
$3,704Undivided profits
Memoranda
$5,114Noncurrent loans and leases
$6,491Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$21,423Earning assets
$207Long-term assets (5+ years)
$663Average Assets, year-to-date
$168,247Average Assets, quarterly
$14,173Volatile liabilities
$167,260Insider loans
$175,265FHLB advances
$51,310Loans and leases held for sale
$7,271Unused loan commitments
$14,900Tier 1 (core) risk-based capital
$1,358Tier 2 risk-based capital
$582Total risk weighted assets
$6,491Total unused commitments
$2,344Restructured Loans and leases
$1,779Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$9,273Total interest income
$3,447Total interest expense
$5,826Net interest income
$5,330Provision for loan and lease losses
$206Total noninterest income
$0Fiduciary activities
$53Service charges on deposit accounts
$0Trading account gains & fees
$153Additional noninterest income
$3,627Total noninterest expense
$1,732Salaries and employee benefits
$371Premises and equipment expense
$1,524Additional noninterest expense
-$2,925Pre-tax net operating income
$0Securities gains (losses)
-$935Applicable income taxes
-$1,990Income before extraordinary items
$0Extraordinary gains - net
-$1,990Net income attributable to bank
$0Net charge-offs
-$1,990Cash dividends
$3,101Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.80%Yield on earning assets
2.16%Cost of funding earning assets
3.64%Net interest margin
0.13%Noninterest income to earning assets
2.27%Noninterest expense to earning assets
-1.19%Net operating income to assets
-1.19%Return on assets (ROA)
-1.75%Pretax return on assets
-14.32%Return on equity (ROE)
-14.32%Retained earnings to average equity (YTD only)
2.15%Net charge-offs to loans
171.88%Credit loss provision to net charge-offs
0.78%Efficiency ratio
60,129Assets per employee
8.05%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.85%Loss allowance to noncurrent loans
18.64%Noncurrent assets plus other real estate owned to assets
12.51%Noncurrent loans to loans
15.30%Net loans and leases to deposits
91.01%Net loans and leases to core deposits
130.61%Equity capital to assets
7.08%Core capital (leverage) ratio
6.34%Tier 1 risk-based capital ratio
8.05%Total risk-based capital ratio
Memoranda
$9Average assets
$167,260Average earning assets
$13,898Average equity
$159,943Average loans
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