FDIC Certificate #: 58393 Status: Inactive Federal Reserve ID: 3599886 Date Established: May 14, 2007 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 450401 Numeric code: 23 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: May 14, 2007 Last Structure Change Effective Date: June 12, 2008 Last Structure Change Process Date: August 13, 2008 Last Data Update: August 13, 2008 Data Source Date: April 05, 2012
Location
Address: 376 East Warm Springs Road, Las Vegas, NV 89119 County: Clark Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: Dallas 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
Other Liquidations and Closings
Financial Summary
Total assets: $41.9 mil
Assets and Liabilities (December 31, 2007)
Dollar figures in thousands
6Total employees (full-time equivalent)
$37,742Total assets
$768Cash and due from depository institutions
$146Interest-bearing balances
$10,377Securities
$7,835Federal funds sold & reverse repurchase agreements
$17,998Net loans & leases
$210Loan loss allowance
$0Trading account assets
$164Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$600All other assets
$37,742Total liabilities and capital
$24,094Total liabilities
$20,023Total deposits
$20,016Interest-bearing deposits
$20,023Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$4,000Other borrowed funds
$0Subordinated debt
$71All other liabilities
$13,648Total equity capital
$13,648Total bank equity capital
$13,648Perpetual preferred stock
$0Common stock
$0Surplus
$14,165Undivided profits
Memoranda
$-517Noncurrent loans and leases
$1,827Noncurrent 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)
$155Average Assets, year-to-date
$36,356Average Assets, quarterly
$24,650Volatile liabilities
$28,296Insider loans
$33,087FHLB advances
$12,388Loans and leases held for sale
$0Unused loan commitments
$4,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,827Total unused commitments
$0Restructured Loans and leases
$213Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$935Total interest income
$363Total interest expense
$572Net interest income
$210Provision for loan and lease losses
$0Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$944Total noninterest expense
$505Salaries and employee benefits
$84Premises and equipment expense
$355Additional noninterest expense
-$582Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$582Income before extraordinary items
$0Extraordinary gains - net
-$582Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.46%Yield on earning assets
1.34%Cost of funding earning assets
2.12%Net interest margin
0.00%Noninterest income to earning assets
3.50%Noninterest expense to earning assets
-2.06%Net operating income to assets
-2.06%Return on assets (ROA)
-2.06%Pretax return on assets
-4.19%Return on equity (ROE)
-4.19%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
165,035Assets per employee
6.29%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.15%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
89.89%Net loans and leases to core deposits
235.73%Equity capital to assets
36.16%Core capital (leverage) ratio
42.79%Tier 1 risk-based capital ratio
71.60%Total risk-based capital ratio
Memoranda
$73Average assets
$28,296Average earning assets
$13,886Average equity
$26,991Average 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 Fifth Street 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: