FDIC Certificate #: 35253 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Bank of Las Vegas (#57276) Federal Reserve ID: 2808787 Date Established: August 06, 1999 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 76810 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: August 06, 1999 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: 3740 South Pecos-Mcleod Interconnect, Las Vegas, NV 89121 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: $97.6 mil
2000 - 2011 Historical total assets, liabilities and capital ($ 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
17Total employees (full-time equivalent)
$97,621Total assets
$11,915Cash and due from depository institutions
$11,274Interest-bearing balances
$72Securities
$0Federal funds sold & reverse repurchase agreements
$78,188Net loans & leases
$2,900Loan loss allowance
$0Trading account assets
$129Bank premises and fixed assets
$3,030Other real estate owned
$1,213Goodwill and other intangibles
$0Life insurance assets
$3,074All other assets
$97,621Total liabilities and capital
$90,772Total liabilities
$86,539Total deposits
$67,465Interest-bearing deposits
$86,539Deposits held in domestic offices
82.55%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$4,000Other borrowed funds
$0Subordinated debt
$233All other liabilities
$6,849Total equity capital
$6,849Total bank equity capital
$6,849Perpetual preferred stock
$0Common stock
$3,730Surplus
$3,913Undivided profits
Memoranda
$-794Noncurrent loans and leases
$6,533Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$12,259Earning assets
$544Long-term assets (5+ years)
$319Average Assets, year-to-date
$89,534Average Assets, quarterly
$13,397Volatile liabilities
$98,781Insider loans
$102,435FHLB advances
$14,443Loans and leases held for sale
$4,839Unused loan commitments
$4,000Tier 1 (core) risk-based capital
$269Tier 2 risk-based capital
$56Total risk weighted assets
$6,533Total unused commitments
$445Restructured Loans and leases
$1,068Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$5,424Total interest income
$1,772Total interest expense
$3,652Net interest income
$4,414Provision for loan and lease losses
-$261Total noninterest income
$0Fiduciary activities
$216Service charges on deposit accounts
$0Trading account gains & fees
-$477Additional noninterest income
$3,232Total noninterest expense
$1,495Salaries and employee benefits
$302Premises and equipment expense
$1,435Additional noninterest expense
-$4,255Pre-tax net operating income
$0Securities gains (losses)
-$1,440Applicable income taxes
-$2,815Income before extraordinary items
$0Extraordinary gains - net
-$2,815Net income attributable to bank
$0Net charge-offs
-$2,815Cash dividends
$2,457Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.91%Yield on earning assets
1.93%Cost of funding earning assets
3.98%Net interest margin
-0.28%Noninterest income to earning assets
3.52%Noninterest expense to earning assets
-2.85%Net operating income to assets
-2.85%Return on assets (ROA)
-4.31%Pretax return on assets
-33.50%Return on equity (ROE)
-33.50%Retained earnings to average equity (YTD only)
2.88%Net charge-offs to loans
179.65%Credit loss provision to net charge-offs
0.06%Efficiency ratio
95,311Assets per employee
5.74%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.58%Loss allowance to noncurrent loans
23.66%Noncurrent assets plus other real estate owned to assets
15.66%Noncurrent loans to loans
15.12%Net loans and leases to deposits
90.35%Net loans and leases to core deposits
105.52%Equity capital to assets
7.02%Core capital (leverage) ratio
5.40%Tier 1 risk-based capital ratio
6.74%Total risk-based capital ratio
Memoranda
$8Average assets
$98,781Average earning assets
$8,402Average equity
$91,750Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Desert Community Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: