Bank of George in Las Vegas, Nevada (NV)



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Bank of George routing number info

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Bank of George
GeneralFDIC Certificate #: 58626
Status: Active
Federal Reserve ID: 3636446
Date Established: September 24, 2007
WWW: http://www.bankofgeorge.com
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
LocationAddress: 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 ChangesChange in Location
Financial SummaryTotal 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)
Total employees (full-time equivalent)25
Total assets$108,025
Cash and due from depository institutions$24,375
Interest-bearing balances$20,963
Securities$9,020
Federal funds sold & reverse repurchase agreements$1
Net loans & leases$68,991
Loan loss allowance $4,600
Trading account assets$0
Bank premises and fixed assets$2,441
Other real estate owned$2,160
Goodwill and other intangibles$0
All other assets$1,037
Life insurance assets$108,025
Total liabilities and capital$99,584
Total liabilities$98,515
Total deposits$55,473
Interest-bearing deposits$98,515
Deposits held in domestic offices$88
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $1,069
All other liabilities $8,441
Total equity capital$8,441
Total bank equity capital$8,441
Perpetual preferred stock$2,698
Common stock$39
Surplus$24,883
Undivided profits $-19,179
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 $9,373
Earning assets $0
Long-term assets (5+ years) $189
Average Assets, year-to-date $98,975
Average Assets, quarterly $5,470
Volatile liabilities $118,340
Insider loans $112,069
FHLB advances $77,124
Loans and leases held for sale $114,497
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $8,491
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $11,501
Derivatives$9,188
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,881
Total interest expense $414
Net interest income $4,467
Provision for loan and lease losses $2,908
Total noninterest income $496
Fiduciary activities $0
Service charges on deposit accounts $371
Trading account gains & fees $0
Additional noninterest income $125
Total noninterest expense $4,550
Salaries and employee benefits $1,914
Premises and equipment expense $1,192
Additional noninterest expense $1,444
Pre-tax net operating income -$2,495
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items -$2,495
Extraordinary gains - net $0
Net income attributable to bank -$2,495
Net charge-offs $0
Cash dividends -$2,495
Sale, conversion, retirement of capital stock, net $3,000
Net operating income $17
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.42%
Cost of funding earning assets 0.38%
Net interest margin 4.05%
Noninterest income to earning assets 0.45%
Noninterest expense to earning assets 4.12%
Net operating income to assets -2.11%
Return on assets (ROA) -2.11%
Pretax return on assets -2.11%
Return on equity (ROE) -25.54%
Retained earnings to average equity (YTD only) -25.71%
Net charge-offs to loans 3.85%
Credit loss provision to net charge-offs 96.93%
Efficiency ratio0.14%
Assets per employee$91,678
Cash dividends to net income (YTD only)4.32%
Condition Ratios (%)
Loss allowance to loans -0.68%
Loss allowance to noncurrent loans 6.25%
Noncurrent assets plus other real estate owned to assets 49.08%
Noncurrent loans to loans 10.68%
Net loans and leases to deposits12.74%
Net loans and leases to core deposits 70.03%
Equity capital to assets 70.49%
Core capital (leverage) ratio 7.81%
Tier 1 risk-based capital ratio 7.42%
Total risk-based capital ratio 11.01%
Memoranda
Average assets$12
Average earning assets$118,340
Average equity $9,770
Average loans $110,352
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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
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