First Security Bank of Nevada in city_name, state_name - Detailed Financial Reports, Location

First Security Bank of Nevada in Mesquite, Nevada (NV)
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First Security Bank of Nevada - Overview

General
FDIC Certificate #: 32987
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wells Fargo Bank Nevada, National Association (#27930)
Federal Reserve ID: 272469
Date Established: June 22, 1990
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 6 (Interstate: No)
FDIC's unique #: 46168
Numeric code: 13
Regulator: FED
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: June 22, 1990
Last Structure Change Effective Date: April 21, 2001
Last Structure Change Process Date: June 18, 2001
Last Data Update: June 18, 2001
Data Source Date: April 05, 2012
Location
Address: 520 Mesquite Boulevard, Mesquite, NV 89024
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: $309.9 mil

1992 - 1999 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, 2000)

Dollar figures in thousands
144Total employees (full-time equivalent)
$791,910Total assets
$134,730Cash and due from depository institutions
$100Interest-bearing balances
$145,086Securities
$214,000Federal funds sold & reverse repurchase agreements
$142,271Net loans & leases
$13,769Loan loss allowance
$0Trading account assets
$13,472Bank premises and fixed assets
$0Other real estate owned
$130,880Goodwill and other intangibles
$0Life insurance assets
$11,471All other assets
$791,910Total liabilities and capital
$550,784Total liabilities
$533,368Total deposits
$410,893Interest-bearing deposits
$533,368Deposits held in domestic offices
0.00%% insured (estimated)
$13,003Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$4,413All other liabilities
$241,126Total equity capital
$241,126Total bank equity capital
$241,126Perpetual preferred stock
$0Common stock
$4,329Surplus
$208,854Undivided profits
Memoranda
$27,943Noncurrent loans and leases
$40,243Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,803Earning assets
$22Long-term assets (5+ years)
$1,003Average Assets, year-to-date
$501,457Average Assets, quarterly
$118,891Volatile liabilities
$1,396,843Insider loans
$1,178,349FHLB advances
$100,842Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$40,243Total unused commitments
$0Restructured Loans and leases
$3,861Derivatives

Income and Expense (December 31, 2000)

Dollar figures in thousands
$97,269Total interest income
$48,422Total interest expense
$48,847Net interest income
$11,172Provision for loan and lease losses
$9,528Total noninterest income
$2,542Fiduciary activities
$2,461Service charges on deposit accounts
$0Trading account gains & fees
$4,525Additional noninterest income
$42,921Total noninterest expense
$17,295Salaries and employee benefits
$9,342Premises and equipment expense
$16,284Additional noninterest expense
$4,282Pre-tax net operating income
-$11,163Securities gains (losses)
-$953Applicable income taxes
-$5,928Income before extraordinary items
$0Extraordinary gains - net
-$5,928Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$11,405Sale, conversion, retirement of capital stock, net
$4,500Net operating income

Performance and Condition Ratios (December 31, 2000)

Dollar figures in thousands
Performance Ratios (%, annualized)
9.26%Yield on earning assets
4.61%Cost of funding earning assets
4.65%Net interest margin
0.91%Noninterest income to earning assets
4.09%Noninterest expense to earning assets
0.26%Net operating income to assets
-0.42%Return on assets (ROA)
-0.49%Pretax return on assets
-2.47%Return on equity (ROE)
-4.35%Retained earnings to average equity (YTD only)
2.37%Net charge-offs to loans
97.96%Credit loss provision to net charge-offs
1.36%Efficiency ratio
61,857Assets per employee
5.50%Cash dividends to net income (YTD only)
Condition Ratios (%)
-75.91%Loss allowance to loans
8.82%Loss allowance to noncurrent loans
763.67%Noncurrent assets plus other real estate owned to assets
0.23%Noncurrent loans to loans
1.16%Net loans and leases to deposits
26.67%Net loans and leases to core deposits
31.93%Equity capital to assets
30.45%Core capital (leverage) ratio
8.73%Tier 1 risk-based capital ratio
36.74%Total risk-based capital ratio
Memoranda
$38Average assets
$1,396,843Average earning assets
$239,971Average equity
$1,049,934Average loans

First Security Bank of Nevada in Mesquite, Nevada (NV)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Security Bank of Nevada - Overview

Assets and Liabilities (December 31, 2000)

Income and Expense (December 31, 2000)

Performance and Condition Ratios (December 31, 2000)

Comment about this bank, ask questions, or add new information about it:

First Security Bank of Nevada in Mesquite, Nevada (NV)Overview, Financial Summary, Detailed Financial Reports, Branches

First Security Bank of Nevada - Overview

Assets and Liabilities (December 31, 2000)

Income and Expense (December 31, 2000)

Performance and Condition Ratios (December 31, 2000)

Comment about this bank, ask questions, or add new information about it:

First Security Bank of Nevada in Mesquite, Nevada (NV)
Overview, Financial Summary, Detailed Financial Reports, Branches