Bank of George in Las Vegas, Nevada (NV)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Bank of George in Las Vegas, Nevada (NV)
  • Show street view No street view available for this location

Bank of George - Overview

  • General
  • FDIC Certificate #: 58626
    Status: Active
    Federal Reserve ID: 3636446
    Date Established: September 24, 2007
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 459449
    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: September 24, 2007
    Last Structure Change Effective Date: July 25, 2008
    Last Structure Change Process Date: July 25, 2008
    Last Data Update: July 25, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 9115 West Russell Road, Las Vegas, NV 89148
    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)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $108.0 mil
    Equity capital: $8.4 mil
    Deposits held in domestic offices: $98.5 mil
    Return on assets (ROA): -2.11% (-$2.3 mil)
    Quarterly return on assets: -1.19% (-$1.3 mil)
    Return on Equity (ROE): -25.54% (-$2.0 mil)
    Quarterly return on equity: -15.45% (-$1.2 mil)
    Net income: -$2.5 mil
    Quarterly Net income: -$0.3 mil
    Pretax return on assets: -2.11% (-$2,279.3 mil)
    Quarterly Pretax return on assets: -1.19% (-$1,285.5 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
  • 25Total employees (full-time equivalent)
  • $108,025Total assets
  • $24,375Cash and due from depository institutions
  • $20,963Interest-bearing balances
  • $9,020Securities
  • $1Federal funds sold & reverse repurchase agreements
  • $68,991Net loans & leases
  • $4,600Loan loss allowance
  • $0Trading account assets
  • $2,441Bank premises and fixed assets
  • $2,160Other real estate owned
  • $0Goodwill and other intangibles
  • $108,025Life insurance assets
  • $1,037All other assets
  • $99,584Total liabilities and capital
  • $98,515Total liabilities
  • $55,473Total deposits
  • $98,515Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,069Subordinated debt
  • $8,441All other liabilities
  • $8,441Total equity capital
  • $8,441Total bank equity capital
  • $2,698Perpetual preferred stock
  • $39Common stock
  • $24,883Surplus
  • $-19,179Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $9,373Income earned, not collected on loans
  • $0Earning assets
  • $189Long-term assets (5+ years)
  • $98,975Average Assets, year-to-date
  • $5,470Average Assets, quarterly
  • $118,340Volatile liabilities
  • $112,069Insider loans
  • $77,124FHLB advances
  • $114,497Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,491Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $11,501Restructured Loans and leases
  • $9,188Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,881Total interest income
  • $414Total interest expense
  • $4,467Net interest income
  • $2,908Provision for loan and lease losses
  • $496Total noninterest income
  • $0Fiduciary activities
  • $371Service charges on deposit accounts
  • $0Trading account gains & fees
  • $125Additional noninterest income
  • $4,550Total noninterest expense
  • $1,914Salaries and employee benefits
  • $1,192Premises and equipment expense
  • $1,444Additional noninterest expense
  • -$2,495Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$2,495Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,495Net income attributable to bank
  • $0Net charge-offs
  • -$2,495Cash dividends
  • $3,000Sale, conversion, retirement of capital stock, net
  • $17Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.42%Yield on earning assets
  • 0.38%Cost of funding earning assets
  • 4.05%Net interest margin
  • 0.45%Noninterest income to earning assets
  • 4.12%Noninterest expense to earning assets
  • -2.11%Net operating income to assets
  • -2.11%Return on assets (ROA)
  • -2.11%Pretax return on assets
  • -25.54%Return on equity (ROE)
  • -25.71%Retained earnings to average equity (YTD only)
  • 3.85%Net charge-offs to loans
  • 96.93%Credit loss provision to net charge-offs
  • 0.14%Efficiency ratio
  • 91,678Assets per employee
  • 4.32%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -0.68%Loss allowance to loans
  • 6.25%Loss allowance to noncurrent loans
  • 49.08%Noncurrent assets plus other real estate owned to assets
  • 10.68%Noncurrent loans to loans
  • 12.74%Net loans and leases to deposits
  • 70.03%Net loans and leases to core deposits
  • 70.49%Equity capital to assets
  • 7.81%Core capital (leverage) ratio
  • 7.42%Tier 1 risk-based capital ratio
  • 11.01%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $118,340Average earning assets
  • $9,770Average equity
  • $110,352Average loans

List of branches

  • 2 Nevada Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0459449Bank Of George9115 West Russell Road, Las Vegas, NV 89148September 24, 2007Full Service Brick and Mortar
    1493481Seven Hills Office Branch3275 St. Rose Parkway, Henderson, NV 89052March 30, 2009Full Service Brick and Mortar

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 Bank of George.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents