1st Commerce Bank in North Las Vegas, Nevada (NV)
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| 1st Commerce Bank | |
|---|---|
| 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) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 6 |
| Total assets | $26,375 |
| Cash and due from depository institutions | $6,733 |
| Interest-bearing balances | $6,106 |
| Securities | $0 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $16,908 |
| Loan loss allowance | $1,634 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $442 |
| Other real estate owned | $1,963 |
| Goodwill and other intangibles | $0 |
| All other assets | $329 |
| Life insurance assets | $26,375 |
| Total liabilities and capital | $25,662 |
| Total liabilities | $25,467 |
| Total deposits | $21,079 |
| Interest-bearing deposits | $25,467 |
| Deposits held in domestic offices | $99 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $195 |
| All other liabilities | $713 |
| Total equity capital | $713 |
| Total bank equity capital | $713 |
| Perpetual preferred stock | $0 |
| Common stock | $4,000 |
| Surplus | $8,975 |
| Undivided profits | $-12,262 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $3,998 |
| Earning assets | $1,054 |
| Long-term assets (5+ years) | $53 |
| Average Assets, year-to-date | $23,014 |
| Average Assets, quarterly | $2,255 |
| Volatile liabilities | $33,564 |
| Insider loans | $29,267 |
| FHLB advances | $18,389 |
| Loans and leases held for sale | $30,963 |
| Unused loan commitments | $20 |
| Tier 1 (core) risk-based capital | $20 |
| Tier 2 risk-based capital | $713 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $99 |
| Derivatives | $0 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $1,120 |
| Total interest expense | $267 |
| Net interest income | $853 |
| Provision for loan and lease losses | $716 |
| Total noninterest income | -$693 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $51 |
| Trading account gains & fees | $0 |
| Additional noninterest income | -$744 |
| Total noninterest expense | $2,031 |
| Salaries and employee benefits | $549 |
| Premises and equipment expense | $287 |
| Additional noninterest expense | $1,195 |
| Pre-tax net operating income | -$2,587 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $0 |
| Income before extraordinary items | -$2,587 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$2,587 |
| Net charge-offs | $0 |
| Cash dividends | -$2,587 |
| Sale, conversion, retirement of capital stock, net | $632 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 3.84% |
| Cost of funding earning assets | 0.92% |
| Net interest margin | 2.93% |
| Noninterest income to earning assets | -2.38% |
| Noninterest expense to earning assets | 6.97% |
| Net operating income to assets | -7.71% |
| Return on assets (ROA) | -7.71% |
| Pretax return on assets | -7.71% |
| Return on equity (ROE) | -434.21% |
| Retained earnings to average equity (YTD only) | -434.21% |
| Net charge-offs to loans | 2.87% |
| Credit loss provision to net charge-offs | 113.29% |
| Efficiency ratio | -2.96% |
| Assets per employee | $1,269,375 |
| Cash dividends to net income (YTD only) | 4.40% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 8.81% |
| Noncurrent assets plus other real estate owned to assets | 40.87% |
| Noncurrent loans to loans | 22.60% |
| Net loans and leases to deposits | 21.56% |
| Net loans and leases to core deposits | 66.39% |
| Equity capital to assets | 73.25% |
| Core capital (leverage) ratio | 2.70% |
| Tier 1 risk-based capital ratio | 2.30% |
| Total risk-based capital ratio | 3.88% |
| Memoranda | |
| Average assets | $5 |
| Average earning assets | $33,564 |
| Average equity | $596 |
| Average loans | $29,134 |
| 1 Nevada Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 447341 | 1st Commerce Bank | 5135 Camino Al Norte, Suite 4, North Las Vegas, NV 89031 | October 18, 2006 | Full Service Brick and Mortar |  |
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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.