FDIC Certificate #: 25620 Status: Active Federal Reserve ID: 639567 Date Established: July 30, 1984 WWW:http://www.cronebank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 17541 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: No Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion Date of Deposit Insurance: July 30, 1984 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 585 Pilot Road, Las Vegas, NV 89119 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
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $100.0 mil Equity capital: $69.3 mil Deposits held in domestic offices: $0.5 mil Return on assets (ROA): 19.11% ($19.1 mil) Quarterly return on assets: 20.39% ($20.4 mil) Return on Equity (ROE): 27.59% ($19.0 mil) Quarterly return on equity: 29.56% ($20.4 mil) Net income: $17.6 mil Quarterly Net income: $4.9 mil Pretax return on assets: 29.41% ($29,397.6 mil) Quarterly Pretax return on assets: 31.37% ($31,356.8 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
304Total employees (full-time equivalent)
$99,958Total assets
$35,543Cash and due from depository institutions
$34,520Interest-bearing balances
$3,192Securities
$27,514Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$0Loan loss allowance
$0Trading account assets
$3,977Bank premises and fixed assets
$0Other real estate owned
$11,106Goodwill and other intangibles
$99,958Life insurance assets
$18,626All other assets
$30,689Total liabilities and capital
$500Total liabilities
$500Total deposits
$500Interest-bearing deposits
$50Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$30,189Subordinated debt
$69,269All other liabilities
$69,269Total equity capital
$69,269Total bank equity capital
$0Perpetual preferred stock
$1,500Common stock
$32,539Surplus
$35,230Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$11Long-term assets (5+ years)
$65,226Average Assets, year-to-date
$0Average Assets, quarterly
$92,058Volatile liabilities
$96,872Insider loans
$27,883FHLB advances
$81,373Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$57,963Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$323,857Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$267Total interest income
$22Total interest expense
$245Net interest income
$0Provision for loan and lease losses
$140,229Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$140,229Additional noninterest income
$113,398Total noninterest expense
$28,058Salaries and employee benefits
$5,410Premises and equipment expense
$79,930Additional noninterest expense
$27,076Pre-tax net operating income
$0Securities gains (losses)
$9,480Applicable income taxes
$17,596Income before extraordinary items
$0Extraordinary gains - net
$17,596Net income attributable to bank
$0Net charge-offs
$17,596Cash dividends
$0Sale, conversion, retirement of capital stock, net
$18,500Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
0.45%Yield on earning assets
0.04%Cost of funding earning assets
0.41%Net interest margin
235.12%Noninterest income to earning assets
190.13%Noninterest expense to earning assets
19.11%Net operating income to assets
19.11%Return on assets (ROA)
29.41%Pretax return on assets
27.59%Return on equity (ROE)
-1.42%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
80,725Assets per employee
0.33%Cash dividends to net income (YTD only)
Condition Ratios (%)
105.14%Loss allowance to loans
0.00%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
0.00%Net loans and leases to core deposits
0.00%Equity capital to assets
69.30%Core capital (leverage) ratio
71.23%Tier 1 risk-based capital ratio
207.88%Total risk-based capital ratio
Memoranda
$208Average assets
$92,058Average earning assets
$63,774Average equity
$59,642Average loans
List of branches
1 Nevada Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
17541
Credit One Bank, National Association
585 Pilot Road, Las Vegas, NV 89119
July 30, 1984
Full Service Brick and Mortar
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