Bank of Las Vegas in Henderson, Nevada (NV)



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Bank of Las Vegas
GeneralFDIC Certificate #: 57276
Status: Active
Federal Reserve ID: 2856032
Bank Holding Company (Regulatory Top Holder): Capitol Bancorp Ltd. (RSSDID: 1247334, Location: Lansing, MI)
Date Established: Febuary 11, 2002
WWW: http://www.bankoflasvegas.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Domestic: 5, Interstate: No)
FDIC's unique #: 360586
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: Febuary 11, 2002
Last Structure Change Effective Date: October 03, 2011
Last Structure Change Process Date: October 17, 2011
Last Data Update: October 17, 2011
Data Source Date: April 05, 2012
LocationAddress: 1700 West Horizon Ridge Parkway, Suite 101, Henderson, NV 89012
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 ChangesChange in Location
Financial SummaryTotal assets: $318.2 mil
Equity capital: $7.0 mil
Deposits held in domestic offices: $301.7 mil
Return on assets (ROA): -2.33% (-$7.4 mil)
Quarterly return on assets: -1.65% (-$5.2 mil)
Return on Equity (ROE): -103.64% (-$7.3 mil)
Quarterly return on equity: -78.30% (-$5.5 mil)
Net income: -$8.0 mil
Quarterly Net income: -$1.4 mil
Pretax return on assets: -2.22% (-$7,063.5 mil)
Quarterly Pretax return on assets: -1.65% (-$5,249.9 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)
Total employees (full-time equivalent)61
Total assets$318,174
Cash and due from depository institutions$70,127
Interest-bearing balances$66,862
Securities$0
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$227,370
Loan loss allowance $13,440
Trading account assets$0
Bank premises and fixed assets$500
Other real estate owned$16,681
Goodwill and other intangibles$0
All other assets$3,496
Life insurance assets$318,174
Total liabilities and capital$311,134
Total liabilities$301,701
Total deposits$251,174
Interest-bearing deposits$301,701
Deposits held in domestic offices$94
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$8,900
Other borrowed funds $0
Subordinated debt $533
All other liabilities $7,040
Total equity capital$7,040
Total bank equity capital$7,040
Perpetual preferred stock$0
Common stock$5,819
Surplus$63,640
Undivided profits $-62,419
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $700
Income earned, not collected on loans $61,907
Earning assets $457
Long-term assets (5+ years) $606
Average Assets, year-to-date $294,232
Average Assets, quarterly $36,442
Volatile liabilities $345,406
Insider loans $327,608
FHLB advances $242,733
Loans and leases held for sale $326,459
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $7,040
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $6,577
Derivatives$5,360
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $13,034
Total interest expense $3,570
Net interest income $9,464
Provision for loan and lease losses $2,967
Total noninterest income -$1,753
Fiduciary activities $0
Service charges on deposit accounts $282
Trading account gains & fees $0
Additional noninterest income -$2,035
Total noninterest expense $12,417
Salaries and employee benefits $4,700
Premises and equipment expense $1,386
Additional noninterest expense $6,331
Pre-tax net operating income -$7,673
Securities gains (losses) $0
Applicable income taxes $361
Income before extraordinary items -$8,034
Extraordinary gains - net $0
Net income attributable to bank -$8,034
Net charge-offs $0
Cash dividends -$8,034
Sale, conversion, retirement of capital stock, net $14,762
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.07%
Cost of funding earning assets 1.11%
Net interest margin 2.95%
Noninterest income to earning assets -0.55%
Noninterest expense to earning assets 3.87%
Net operating income to assets -2.33%
Return on assets (ROA) -2.33%
Pretax return on assets -2.22%
Return on equity (ROE) -103.64%
Retained earnings to average equity (YTD only) -103.64%
Net charge-offs to loans 5.39%
Credit loss provision to net charge-offs 20.10%
Efficiency ratio-0.32%
Assets per employee$161,030
Cash dividends to net income (YTD only)5.22%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 5.58%
Noncurrent assets plus other real estate owned to assets 21.71%
Noncurrent loans to loans 24.70%
Net loans and leases to deposits25.71%
Net loans and leases to core deposits 75.36%
Equity capital to assets 82.71%
Core capital (leverage) ratio 2.21%
Tier 1 risk-based capital ratio 2.16%
Total risk-based capital ratio 2.90%
Memoranda
Average assets$4
Average earning assets$345,406
Average equity $7,752
Average loans $320,511
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5 Nevada Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0360586Bank Of Las Vegas1700 West Horizon Ridge Parkway, Suite 101, Henderson, NV 89012Febuary 11, 2002Full Service Brick and Mortar
180016Black Mountain Community Bank Branch1700 West Horizon Ridge Pkwy, Suite 101, Henderson, NV 89012March 27, 2000Full Service Brick and Mortar
276810Desert Community Bank Branch3740 South Pecos-Mcleod Interconnect, Las Vegas, NV 89121August 06, 1999Full Service Brick and Mortar
378819Red Rock Community Bank Branch10000 West Charleston Boulevard, Las Vegas, NV 89134November 29, 1999Full Service Brick and Mortar
4526206Decatur Boulevard Las Vegas Branch6001 South Decatur Boulevard, Suite P, Las Vegas, NV 89118October 03, 2011Full Service Brick and Mortar
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