FDIC Certificate #: 33946 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Colonial Bank (#9609) Federal Reserve ID: 2246941 Date Established: October 17, 1994 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) FDIC's unique #: 55115 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: October 17, 1994 Last Structure Change Effective Date: June 16, 1998 Last Structure Change Process Date: July 10, 1998 Last Data Update: July 10, 1998 Data Source Date: April 05, 2012
Location
Address: 2820 West Charleston Boulevard, 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: $131.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
42Total employees (full-time equivalent)
$120,302Total assets
$10,636Cash and due from depository institutions
$3,550Interest-bearing balances
$10,168Securities
$13,400Federal funds sold & reverse repurchase agreements
$83,041Net loans & leases
$1,067Loan loss allowance
$0Trading account assets
$1,880Bank premises and fixed assets
$0Other real estate owned
$39Goodwill and other intangibles
$0Life insurance assets
$1,138All other assets
$120,302Total liabilities and capital
$110,020Total liabilities
$108,661Total deposits
$75,686Interest-bearing deposits
$108,661Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,359All other liabilities
$10,282Total equity capital
$10,282Total bank equity capital
$10,282Perpetual preferred stock
$0Common stock
$842Surplus
$8,264Undivided profits
Memoranda
$1,176Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$411Average Assets, year-to-date
$110,159Average Assets, quarterly
$10,159Volatile liabilities
$93,693Insider loans
$113,576FHLB advances
$25,991Loans and leases held for sale
$5,336Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$34,247Total unused commitments
$0Restructured Loans and leases
$95,600Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$8,493Total interest income
$3,286Total interest expense
$5,207Net interest income
$875Provision for loan and lease losses
$251Total noninterest income
$0Fiduciary activities
$173Service charges on deposit accounts
$0Trading account gains & fees
$78Additional noninterest income
$3,104Total noninterest expense
$1,476Salaries and employee benefits
$606Premises and equipment expense
$1,022Additional noninterest expense
$1,479Pre-tax net operating income
$0Securities gains (losses)
$507Applicable income taxes
$972Income before extraordinary items
$0Extraordinary gains - net
$972Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$362Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.95%Yield on earning assets
3.85%Cost of funding earning assets
6.10%Net interest margin
0.29%Noninterest income to earning assets
3.64%Noninterest expense to earning assets
1.04%Net operating income to assets
1.04%Return on assets (ROA)
1.58%Pretax return on assets
10.03%Return on equity (ROE)
10.03%Retained earnings to average equity (YTD only)
0.62%Net charge-offs to loans
241.71%Credit loss provision to net charge-offs
6.50%Efficiency ratio
56,486Assets per employee
2.86%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.27%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
76.42%Net loans and leases to core deposits
100.45%Equity capital to assets
8.55%Core capital (leverage) ratio
9.31%Tier 1 risk-based capital ratio
10.71%Total risk-based capital ratio
Memoranda
$12Average assets
$93,693Average earning assets
$9,691Average equity
$85,358Average loans
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