FDIC Certificate #: 33824 Status: Inactive Closing history: Corrections Acquiring institution:Nevada State Bank (#18113) Federal Reserve ID: 2068134 Date Established: July 29, 1993 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Interstate: No) FDIC's unique #: 48128 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: July 29, 1993 Last Structure Change Effective Date: April 17, 2009 Last Structure Change Process Date: April 21, 2009 Last Data Update: April 21, 2009 Data Source Date: April 05, 2012
Location
Address: 487 Railroad Street, Elko, NV 89801 County: Elko 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 Core Based Statistical Area (CBSA): Elko, NV (#21220) CBSA Micro Statistical Area: Yes
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $238.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)
Dollar figures in thousands
102Total employees (full-time equivalent)
$264,325Total assets
$24,269Cash and due from depository institutions
$9,539Interest-bearing balances
$84,384Securities
$0Federal funds sold & reverse repurchase agreements
$135,331Net loans & leases
$6,620Loan loss allowance
$0Trading account assets
$9,421Bank premises and fixed assets
$1,435Other real estate owned
$0Goodwill and other intangibles
$4,106Life insurance assets
$9,485All other assets
$264,325Total liabilities and capital
$258,176Total liabilities
$241,262Total deposits
$165,420Interest-bearing deposits
$241,262Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$15,000Other borrowed funds
$0Subordinated debt
$1,914All other liabilities
$6,149Total equity capital
$6,149Total bank equity capital
$6,149Perpetual preferred stock
$0Common stock
$715Surplus
$5,488Undivided profits
Memoranda
$-54Noncurrent loans and leases
$47,114Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$10,077Earning assets
$0Long-term assets (5+ years)
$1,741Average Assets, year-to-date
$229,254Average Assets, quarterly
$87,869Volatile liabilities
$266,993Insider loans
$267,622FHLB advances
$88,252Loans and leases held for sale
$962Unused loan commitments
$15,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$47,114Total unused commitments
$0Restructured Loans and leases
$2,274Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$15,735Total interest income
$4,833Total interest expense
$10,902Net interest income
$11,093Provision for loan and lease losses
$2,304Total noninterest income
$0Fiduciary activities
$572Service charges on deposit accounts
$0Trading account gains & fees
$1,732Additional noninterest income
$11,560Total noninterest expense
$4,990Salaries and employee benefits
$1,840Premises and equipment expense
$4,730Additional noninterest expense
-$9,447Pre-tax net operating income
-$2,874Securities gains (losses)
-$707Applicable income taxes
-$11,614Income before extraordinary items
$0Extraordinary gains - net
-$11,614Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$6,624Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.75%Yield on earning assets
2.07%Cost of funding earning assets
4.68%Net interest margin
0.99%Noninterest income to earning assets
4.96%Noninterest expense to earning assets
-3.34%Net operating income to assets
-4.35%Return on assets (ROA)
-4.61%Pretax return on assets
-81.77%Return on equity (ROE)
-81.77%Retained earnings to average equity (YTD only)
4.44%Net charge-offs to loans
167.47%Credit loss provision to net charge-offs
0.25%Efficiency ratio
87,536Assets per employee
2.59%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.66%Loss allowance to noncurrent loans
65.69%Noncurrent assets plus other real estate owned to assets
4.36%Noncurrent loans to loans
7.10%Net loans and leases to deposits
56.09%Net loans and leases to core deposits
85.65%Equity capital to assets
2.33%Core capital (leverage) ratio
2.04%Tier 1 risk-based capital ratio
3.16%Total risk-based capital ratio
Memoranda
$4Average assets
$266,993Average earning assets
$14,203Average equity
$233,018Average loans
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