FDIC Certificate #: 34785 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:City National Bank (#17281) Federal Reserve ID: 2714570 Date Established: July 13, 1998 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 8 (Interstate: No) FDIC's unique #: 61559 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 13, 1998 Last Structure Change Effective Date: May 28, 2010 Last Structure Change Process Date: June 01, 2010 Last Data Update: June 01, 2010 Data Source Date: April 05, 2012
Location
Address: 5830 West Flamingo Road, Las Vegas, NV 89102 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: $360.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
85Total employees (full-time equivalent)
$381,307Total assets
$56,191Cash and due from depository institutions
$52,575Interest-bearing balances
$25,158Securities
$671Federal funds sold & reverse repurchase agreements
$271,894Net loans & leases
$11,896Loan loss allowance
$0Trading account assets
$4,140Bank premises and fixed assets
$17,312Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$5,941All other assets
$381,307Total liabilities and capital
$371,984Total liabilities
$369,807Total deposits
$334,960Interest-bearing deposits
$369,807Deposits held in domestic offices
93.67%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$2,177All other liabilities
$9,323Total equity capital
$9,323Total bank equity capital
$9,323Perpetual preferred stock
$0Common stock
$26,650Surplus
$1,000Undivided profits
Memoranda
$-18,327Noncurrent loans and leases
$26,179Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$53,335Earning assets
$0Long-term assets (5+ years)
$1,215Average Assets, year-to-date
$350,298Average Assets, quarterly
$66,646Volatile liabilities
$405,980Insider loans
$385,433FHLB advances
$69,917Loans and leases held for sale
$5,921Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$26,179Total unused commitments
$6,775Restructured Loans and leases
$3,976Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$20,039Total interest income
$7,575Total interest expense
$12,464Net interest income
$30,411Provision for loan and lease losses
-$1,209Total noninterest income
$0Fiduciary activities
$909Service charges on deposit accounts
$0Trading account gains & fees
-$2,118Additional noninterest income
$12,824Total noninterest expense
$5,913Salaries and employee benefits
$2,502Premises and equipment expense
$4,409Additional noninterest expense
-$31,980Pre-tax net operating income
-$97Securities gains (losses)
$0Applicable income taxes
-$32,077Income before extraordinary items
$0Extraordinary gains - net
-$32,077Net income attributable to bank
$0Net charge-offs
-$32,077Cash dividends
$27,053Sale, conversion, retirement of capital stock, net
$394Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.19%Yield on earning assets
1.96%Cost of funding earning assets
3.23%Net interest margin
-0.31%Noninterest income to earning assets
3.32%Noninterest expense to earning assets
-7.88%Net operating income to assets
-7.90%Return on assets (ROA)
-7.90%Pretax return on assets
-116.86%Return on equity (ROE)
-118.29%Retained earnings to average equity (YTD only)
8.14%Net charge-offs to loans
112.41%Credit loss provision to net charge-offs
-0.06%Efficiency ratio
113,940Assets per employee
4.49%Cash dividends to net income (YTD only)
Condition Ratios (%)
-1.23%Loss allowance to loans
4.19%Loss allowance to noncurrent loans
22.30%Noncurrent assets plus other real estate owned to assets
18.53%Noncurrent loans to loans
18.79%Net loans and leases to deposits
73.52%Net loans and leases to core deposits
90.66%Equity capital to assets
2.45%Core capital (leverage) ratio
2.31%Tier 1 risk-based capital ratio
2.91%Total risk-based capital ratio
Memoranda
$4Average assets
$405,980Average earning assets
$27,450Average equity
$385,997Average 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 Sun West 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: