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

Bank of Las Vegas - Overview

  • General
  • FDIC 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
    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
  • Location
  • Address: 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 Changes
  • Change in Location
  • Financial Summary
  • Total 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
  • 61Total employees (full-time equivalent)
  • $318,174Total assets
  • $70,127Cash and due from depository institutions
  • $66,862Interest-bearing balances
  • $0Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $227,370Net loans & leases
  • $13,440Loan loss allowance
  • $0Trading account assets
  • $500Bank premises and fixed assets
  • $16,681Other real estate owned
  • $0Goodwill and other intangibles
  • $318,174Life insurance assets
  • $3,496All other assets
  • $311,134Total liabilities and capital
  • $301,701Total liabilities
  • $251,174Total deposits
  • $301,701Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $8,900Trading liabilities
  • $0Other borrowed funds
  • $533Subordinated debt
  • $7,040All other liabilities
  • $7,040Total equity capital
  • $7,040Total bank equity capital
  • $0Perpetual preferred stock
  • $5,819Common stock
  • $63,640Surplus
  • $-62,419Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $700Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $61,907Income earned, not collected on loans
  • $457Earning assets
  • $606Long-term assets (5+ years)
  • $294,232Average Assets, year-to-date
  • $36,442Average Assets, quarterly
  • $345,406Volatile liabilities
  • $327,608Insider loans
  • $242,733FHLB advances
  • $326,459Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $7,040Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,577Restructured Loans and leases
  • $5,360Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $13,034Total interest income
  • $3,570Total interest expense
  • $9,464Net interest income
  • $2,967Provision for loan and lease losses
  • -$1,753Total noninterest income
  • $0Fiduciary activities
  • $282Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$2,035Additional noninterest income
  • $12,417Total noninterest expense
  • $4,700Salaries and employee benefits
  • $1,386Premises and equipment expense
  • $6,331Additional noninterest expense
  • -$7,673Pre-tax net operating income
  • $0Securities gains (losses)
  • $361Applicable income taxes
  • -$8,034Income before extraordinary items
  • $0Extraordinary gains - net
  • -$8,034Net income attributable to bank
  • $0Net charge-offs
  • -$8,034Cash dividends
  • $14,762Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.07%Yield on earning assets
  • 1.11%Cost of funding earning assets
  • 2.95%Net interest margin
  • -0.55%Noninterest income to earning assets
  • 3.87%Noninterest expense to earning assets
  • -2.33%Net operating income to assets
  • -2.33%Return on assets (ROA)
  • -2.22%Pretax return on assets
  • -103.64%Return on equity (ROE)
  • -103.64%Retained earnings to average equity (YTD only)
  • 5.39%Net charge-offs to loans
  • 20.10%Credit loss provision to net charge-offs
  • -0.32%Efficiency ratio
  • 161,030Assets per employee
  • 5.22%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.58%Loss allowance to noncurrent loans
  • 21.71%Noncurrent assets plus other real estate owned to assets
  • 24.70%Noncurrent loans to loans
  • 25.71%Net loans and leases to deposits
  • 75.36%Net loans and leases to core deposits
  • 82.71%Equity capital to assets
  • 2.21%Core capital (leverage) ratio
  • 2.16%Tier 1 risk-based capital ratio
  • 2.90%Total risk-based capital ratio
  • Memoranda
  • $4Average assets
  • $345,406Average earning assets
  • $7,752Average equity
  • $320,511Average loans

List of branches

  • 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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