FDIC Certificate #: 35357 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Bank of Las Vegas (#57276) Federal Reserve ID: 2848037 Date Established: November 29, 1999 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 78819 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: November 29, 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: 10000 West Charleston Boulevard, Las Vegas, NV 89134 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: $137.3 mil
2000 - 2011 Historical total assets, liabilities and capital ($ 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
21Total employees (full-time equivalent)
$137,335Total assets
$41,260Cash and due from depository institutions
$38,614Interest-bearing balances
$114Securities
$0Federal funds sold & reverse repurchase agreements
$86,044Net loans & leases
$3,343Loan loss allowance
$0Trading account assets
$129Bank premises and fixed assets
$4,879Other real estate owned
$2,582Goodwill and other intangibles
$0Life insurance assets
$2,327All other assets
$137,335Total liabilities and capital
$129,897Total liabilities
$118,823Total deposits
$100,027Interest-bearing deposits
$118,823Deposits held in domestic offices
92.37%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$10,869Other borrowed funds
$0Subordinated debt
$205All other liabilities
$7,438Total equity capital
$7,438Total bank equity capital
$7,438Perpetual preferred stock
$0Common stock
$5,556Surplus
$5,782Undivided profits
Memoranda
$-3,900Noncurrent loans and leases
$5,972Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$15,631Earning assets
$442Long-term assets (5+ years)
$386Average Assets, year-to-date
$124,772Average Assets, quarterly
$15,280Volatile liabilities
$130,258Insider loans
$137,940FHLB advances
$41,744Loans and leases held for sale
$5,748Unused loan commitments
$10,869Tier 1 (core) risk-based capital
$91Tier 2 risk-based capital
$91Total risk weighted assets
$5,972Total unused commitments
$3,299Restructured Loans and leases
$1,176Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$5,562Total interest income
$2,305Total interest expense
$3,257Net interest income
$5,919Provision for loan and lease losses
$15Total noninterest income
$0Fiduciary activities
$115Service charges on deposit accounts
$0Trading account gains & fees
-$100Additional noninterest income
$3,497Total noninterest expense
$1,585Salaries and employee benefits
$373Premises and equipment expense
$1,539Additional noninterest expense
-$6,144Pre-tax net operating income
$0Securities gains (losses)
-$372Applicable income taxes
-$5,772Income before extraordinary items
$0Extraordinary gains - net
-$5,772Net income attributable to bank
$0Net charge-offs
-$5,772Cash dividends
$3,776Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.63%Yield on earning assets
1.92%Cost of funding earning assets
2.71%Net interest margin
0.01%Noninterest income to earning assets
2.91%Noninterest expense to earning assets
-4.43%Net operating income to assets
-4.43%Return on assets (ROA)
-4.72%Pretax return on assets
-53.90%Return on equity (ROE)
-53.90%Retained earnings to average equity (YTD only)
3.81%Net charge-offs to loans
156.75%Credit loss provision to net charge-offs
-0.06%Efficiency ratio
106,877Assets per employee
6.54%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.74%Loss allowance to noncurrent loans
21.39%Noncurrent assets plus other real estate owned to assets
14.93%Noncurrent loans to loans
17.49%Net loans and leases to deposits
72.41%Net loans and leases to core deposits
105.00%Equity capital to assets
5.42%Core capital (leverage) ratio
3.55%Tier 1 risk-based capital ratio
5.28%Total risk-based capital ratio
Memoranda
$7Average assets
$130,258Average earning assets
$10,708Average equity
$120,229Average loans
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