FDIC Certificate #: 58352 Status: Inactive Closing history: Corrections Acquiring institution:Heritage Bank of Nevada (#34072) Federal Reserve ID: 3437081 Date Established: October 16, 2006 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 446965 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: October 16, 2006 Last Structure Change Effective Date: Febuary 26, 2010 Last Structure Change Process Date: March 02, 2010 Last Data Update: March 02, 2010 Data Source Date: April 05, 2012
Location
Address: 951 Jacks Valley Road, Suite C, Carson City, NV 89705 County: Douglas 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 Combined Statistical Area (CSA): Sacramento-Arden-Arcade-Yuba City, CA-NV (#472) Core Based Statistical Area (CBSA): Gardnerville Ranchos, NV (#23820) CBSA Micro Statistical Area: Yes
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $51.1 mil
2000 - 2011 Historical total assets, liabilities and capital ($ 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
11Total employees (full-time equivalent)
$51,095Total assets
$549Cash and due from depository institutions
$0Interest-bearing balances
$4,087Securities
$7,240Federal funds sold & reverse repurchase agreements
$36,125Net loans & leases
$3,411Loan loss allowance
$0Trading account assets
$396Bank premises and fixed assets
$2,131Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$567All other assets
$51,096Total liabilities and capital
$50,207Total liabilities
$50,024Total deposits
$46,593Interest-bearing deposits
$50,024Deposits held in domestic offices
89.62%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$183All other liabilities
$889Total equity capital
$889Total bank equity capital
$889Perpetual preferred stock
$0Common stock
$10Surplus
$10,005Undivided profits
Memoranda
$-9,126Noncurrent loans and leases
$2,611Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$7,537Earning assets
$0Long-term assets (5+ years)
$167Average Assets, year-to-date
$47,452Average Assets, quarterly
$9,664Volatile liabilities
$50,437Insider loans
$50,537FHLB advances
$17,622Loans and leases held for sale
$1,541Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,611Total unused commitments
$0Restructured Loans and leases
$549Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$2,546Total interest income
$1,169Total interest expense
$1,377Net interest income
$2,762Provision for loan and lease losses
$41Total noninterest income
$0Fiduciary activities
$28Service charges on deposit accounts
$0Trading account gains & fees
$13Additional noninterest income
$3,395Total noninterest expense
$1,047Salaries and employee benefits
$290Premises and equipment expense
$2,058Additional noninterest expense
-$4,739Pre-tax net operating income
$5Securities gains (losses)
$0Applicable income taxes
-$4,734Income before extraordinary items
$0Extraordinary gains - net
-$4,734Net income attributable to bank
$0Net charge-offs
-$4,734Cash dividends
$279Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.50%Yield on earning assets
2.52%Cost of funding earning assets
2.97%Net interest margin
0.09%Noninterest income to earning assets
7.33%Noninterest expense to earning assets
-9.40%Net operating income to assets
-9.39%Return on assets (ROA)
-9.39%Pretax return on assets
-123.90%Return on equity (ROE)
-123.90%Retained earnings to average equity (YTD only)
0.71%Net charge-offs to loans
989.96%Credit loss provision to net charge-offs
-7.09%Efficiency ratio
239,422Assets per employee
4.64%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
8.63%Loss allowance to noncurrent loans
45.26%Noncurrent assets plus other real estate owned to assets
18.92%Noncurrent loans to loans
19.06%Net loans and leases to deposits
72.22%Net loans and leases to core deposits
111.49%Equity capital to assets
1.74%Core capital (leverage) ratio
1.82%Tier 1 risk-based capital ratio
2.19%Total risk-based capital ratio
Memoranda
$3Average assets
$50,437Average earning assets
$3,821Average equity
$46,329Average loans
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