1st Commerce Bank in North Las Vegas, Nevada (NV)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • 1st Commerce Bank in North Las Vegas, Nevada (NV)
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1st Commerce Bank - Overview

  • General
  • FDIC Certificate #: 58358
    Status: Active
    Federal Reserve ID: 3465383
    Bank Holding Company (Regulatory Top Holder): Capitol Bancorp Ltd. (RSSDID: 1247334, Location: Lansing, MI)
    Date Established: October 18, 2006
    WWW: http://www.1stcommercebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 447341
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: October 18, 2006
    Last Structure Change Effective Date: November 03, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 5135 Camino Al Norte, Suite 4, North Las Vegas, NV 89031
    County: Clark
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: Chicago
    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)
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $26.4 mil
    Equity capital: $0.7 mil
    Deposits held in domestic offices: $25.5 mil
    Return on assets (ROA): -7.71% (-$2.0 mil)
    Quarterly return on assets: -5.63% (-$1.5 mil)
    Return on Equity (ROE): -434.21% (-$4.3 mil)
    Quarterly return on equity: -233.26% (-$2.3 mil)
    Net income: -$2.6 mil
    Quarterly Net income: -$0.4 mil
    Pretax return on assets: -7.71% (-$2,033.5 mil)
    Quarterly Pretax return on assets: -5.63% (-$1,484.9 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, 2011)

  • Dollar figures in thousands
  • 6Total employees (full-time equivalent)
  • $26,375Total assets
  • $6,733Cash and due from depository institutions
  • $6,106Interest-bearing balances
  • $0Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $16,908Net loans & leases
  • $1,634Loan loss allowance
  • $0Trading account assets
  • $442Bank premises and fixed assets
  • $1,963Other real estate owned
  • $0Goodwill and other intangibles
  • $26,375Life insurance assets
  • $329All other assets
  • $25,662Total liabilities and capital
  • $25,467Total liabilities
  • $21,079Total deposits
  • $25,467Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $195Subordinated debt
  • $713All other liabilities
  • $713Total equity capital
  • $713Total bank equity capital
  • $0Perpetual preferred stock
  • $4,000Common stock
  • $8,975Surplus
  • $-12,262Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,998Income earned, not collected on loans
  • $1,054Earning assets
  • $53Long-term assets (5+ years)
  • $23,014Average Assets, year-to-date
  • $2,255Average Assets, quarterly
  • $33,564Volatile liabilities
  • $29,267Insider loans
  • $18,389FHLB advances
  • $30,963Loans and leases held for sale
  • $20Unused loan commitments
  • $20Tier 1 (core) risk-based capital
  • $713Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $99Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,120Total interest income
  • $267Total interest expense
  • $853Net interest income
  • $716Provision for loan and lease losses
  • -$693Total noninterest income
  • $0Fiduciary activities
  • $51Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$744Additional noninterest income
  • $2,031Total noninterest expense
  • $549Salaries and employee benefits
  • $287Premises and equipment expense
  • $1,195Additional noninterest expense
  • -$2,587Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$2,587Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,587Net income attributable to bank
  • $0Net charge-offs
  • -$2,587Cash dividends
  • $632Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.84%Yield on earning assets
  • 0.92%Cost of funding earning assets
  • 2.93%Net interest margin
  • -2.38%Noninterest income to earning assets
  • 6.97%Noninterest expense to earning assets
  • -7.71%Net operating income to assets
  • -7.71%Return on assets (ROA)
  • -7.71%Pretax return on assets
  • -434.21%Return on equity (ROE)
  • -434.21%Retained earnings to average equity (YTD only)
  • 2.87%Net charge-offs to loans
  • 113.29%Credit loss provision to net charge-offs
  • -2.96%Efficiency ratio
  • 1,269,375Assets per employee
  • 4.40%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 8.81%Loss allowance to noncurrent loans
  • 40.87%Noncurrent assets plus other real estate owned to assets
  • 22.60%Noncurrent loans to loans
  • 21.56%Net loans and leases to deposits
  • 66.39%Net loans and leases to core deposits
  • 73.25%Equity capital to assets
  • 2.70%Core capital (leverage) ratio
  • 2.30%Tier 1 risk-based capital ratio
  • 3.88%Total risk-based capital ratio
  • Memoranda
  • $5Average assets
  • $33,564Average earning assets
  • $596Average equity
  • $29,134Average loans

List of branches

  • 1 Nevada Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    04473411st Commerce Bank5135 Camino Al Norte, Suite 4, North Las Vegas, NV 89031October 18, 2006Full Service Brick and Mortar

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