Sierrawest Bank in Reno, Nevada (NV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 01, 1996

Sierrawest Bank in Reno, Nevada (NV)
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Sierrawest Bank - Overview

General
FDIC Certificate #: 32733
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: SierraWest Bank (#23323)
Federal Reserve ID: 1435328
Date Established: January 08, 1990
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 2 (Interstate: No)
FDIC's unique #: 45598
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: January 08, 1990
Last Structure Change Effective Date: October 01, 1996
Last Structure Change Process Date: October 24, 1996
Last Data Update: October 24, 1996
Data Source Date: April 05, 2012
Location
Address: 4950 Kietzke Lane, Reno, NV 89509
County: Washoe
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): Reno, NV (#6720)
Combined Statistical Area (CSA): Reno-Sparks-Fernley, NV (#456)
Core Based Statistical Area (CBSA): Reno-Sparks, NV (#39900)
CBSA Metro Statistical Area: Reno-Sparks, NV (#39900)
Financial Summary
Total assets: $95.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$45Total assets
$84,794Cash and due from depository institutions
$8,798Interest-bearing balances
$2,000Securities
$13,164Federal funds sold & reverse repurchase agreements
$8,500Net loans & leases
$51,178Loan loss allowance
$1,050Trading account assets
$0Bank premises and fixed assets
$2,214Other real estate owned
$0Goodwill and other intangibles
$940Life insurance assets
$0All other assets
$0Total liabilities and capital
$84,794Total liabilities
$78,567Total deposits
$78,045Interest-bearing deposits
$51,254Deposits held in domestic offices
78045.00%% insured (estimated)
$80Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$2Subordinated debt
$0All other liabilities
$520Total equity capital
$520Total bank equity capital
$6,227Perpetual preferred stock
$0Common stock
$1,631Surplus
$2,111Undivided profits
Memoranda
$2,485Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$130Income earned, not collected on loans
$306Earning assets
$74,842Long-term assets (5+ years)
$4,564Average Assets, year-to-date
$70,443Average Assets, quarterly
$80,129Volatile liabilities
$13,622Insider loans
$235FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$14,161Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$6,179Total risk weighted assets
$57,400Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$6,127Total interest expense
$1,420Net interest income
$4,707Provision for loan and lease losses
$460Total noninterest income
$632Fiduciary activities
$0Service charges on deposit accounts
$555Trading account gains & fees
$0Additional noninterest income
$77Total noninterest expense
$3,626Salaries and employee benefits
$1,498Premises and equipment expense
$361Additional noninterest expense
$1,767Pre-tax net operating income
$1,253Securities gains (losses)
-$49Applicable income taxes
$412Income before extraordinary items
$792Extraordinary gains - net
$0Net income attributable to bank
$792Net charge-offs
$281Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
10.00%Cost of funding earning assets
2.32%Net interest margin
7.68%Noninterest income to earning assets
1.03%Noninterest expense to earning assets
5.92%Net operating income to assets
1.17%Return on assets (ROA)
1.12%Pretax return on assets
1.71%Return on equity (ROE)
13.85%Retained earnings to average equity (YTD only)
13.85%Net charge-offs to loans
0.62%Credit loss provision to net charge-offs
163.70%Efficiency ratio
67,915Assets per employee
1.88%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.01%Loss allowance to noncurrent loans
807.69%Noncurrent assets plus other real estate owned to assets
0.15%Noncurrent loans to loans
0.25%Net loans and leases to deposits
65.57%Net loans and leases to core deposits
79.44%Equity capital to assets
7.34%Core capital (leverage) ratio
7.62%Tier 1 risk-based capital ratio
10.76%Total risk-based capital ratio
Memoranda
$12Average assets
$70,443Average earning assets
$5,717Average equity
$61,251Average loans

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