Beal Bank USA in Las Vegas, Nevada (NV)
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| Beal Bank USA | |
|---|---|
| General | FDIC Certificate #: 57833 Status: Active Federal Reserve ID: 3284397 Date Established: August 02, 2004 WWW: http://www.bealbanknevada.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 #: 427137 Numeric code: 23 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: Yes Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: August 02, 2004 Last Structure Change Effective Date: March 19, 2012 Last Structure Change Process Date: March 19, 2012 Last Data Update: March 19, 2012 Data Source Date: April 05, 2012 |
| Location | Address: 1970 Village Center Circle, Suite 1, Las Vegas, NV 89134 County: Clark Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: Dallas 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) |
| Financial Summary | Total assets: $5,722.3 mil Equity capital: $1,956.8 mil Deposits held in domestic offices: $2,865.5 mil Return on assets (ROA): 10.00% ($572.2 mil) Quarterly return on assets: 9.49% ($543.0 mil) Return on Equity (ROE): 27.40% ($536.2 mil) Quarterly return on equity: 27.28% ($533.9 mil) Net income: $599.7 mil Quarterly Net income: $131.0 mil Pretax return on assets: 10.00% ($572,227.2 mil) Quarterly Pretax return on assets: 9.49% ($543,043.6 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 62 |
| Total assets | $5,722,272 |
| Cash and due from depository institutions | $956,936 |
| Interest-bearing balances | $948,917 |
| Securities | $1,758,643 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $2,683,236 |
| Loan loss allowance | $90,031 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $483 |
| Other real estate owned | $117,241 |
| Goodwill and other intangibles | $0 |
| All other assets | $205,733 |
| Life insurance assets | $5,722,272 |
| Total liabilities and capital | $3,765,489 |
| Total liabilities | $2,865,471 |
| Total deposits | $2,865,471 |
| Interest-bearing deposits | $2,865,471 |
| Deposits held in domestic offices | $88 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $875,000 |
| Other borrowed funds | $0 |
| Subordinated debt | $25,018 |
| All other liabilities | $1,956,783 |
| Total equity capital | $1,956,783 |
| Total bank equity capital | $1,956,783 |
| Perpetual preferred stock | $0 |
| Common stock | $1 |
| Surplus | $1,342,005 |
| Undivided profits | $614,777 |
| 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 | $312,546 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $25,950 |
| Average Assets, year-to-date | $5,390,796 |
| Average Assets, quarterly | $1,918,274 |
| Volatile liabilities | $5,995,822 |
| Insider loans | $5,521,086 |
| FHLB advances | $4,424,574 |
| Loans and leases held for sale | $5,716,355 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $1,962,801 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $54,006 |
| Derivatives | $0 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $684,220 |
| Total interest expense | $17,691 |
| Net interest income | $666,529 |
| Provision for loan and lease losses | $99,295 |
| Total noninterest income | $18,445 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $0 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $18,445 |
| Total noninterest expense | $82,963 |
| Salaries and employee benefits | $17,518 |
| Premises and equipment expense | $512 |
| Additional noninterest expense | $64,933 |
| Pre-tax net operating income | $502,716 |
| Securities gains (losses) | $97,034 |
| Applicable income taxes | $24 |
| Income before extraordinary items | $599,726 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $599,726 |
| Net charge-offs | $0 |
| Cash dividends | $599,726 |
| Sale, conversion, retirement of capital stock, net | $54,506 |
| Net operating income | $794,333 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 12.10% |
| Cost of funding earning assets | 0.31% |
| Net interest margin | 11.79% |
| Noninterest income to earning assets | 0.33% |
| Noninterest expense to earning assets | 1.47% |
| Net operating income to assets | 8.38% |
| Return on assets (ROA) | 10.00% |
| Pretax return on assets | 10.00% |
| Return on equity (ROE) | 27.40% |
| Retained earnings to average equity (YTD only) | -8.89% |
| Net charge-offs to loans | 1.98% |
| Credit loss provision to net charge-offs | 182.17% |
| Efficiency ratio | 11.04% |
| Assets per employee | $12,112 |
| Cash dividends to net income (YTD only) | 92.29% |
| Condition Ratios (%) | |
| Loss allowance to loans | 132.45% |
| Loss allowance to noncurrent loans | 3.25% |
| Noncurrent assets plus other real estate owned to assets | 28.81% |
| Noncurrent loans to loans | 7.51% |
| Net loans and leases to deposits | 11.27% |
| Net loans and leases to core deposits | 93.64% |
| Equity capital to assets | 497.25% |
| Core capital (leverage) ratio | 34.20% |
| Tier 1 risk-based capital ratio | 34.34% |
| Total risk-based capital ratio | 44.36% |
| Memoranda | |
| Average assets | $45 |
| Average earning assets | $5,995,822 |
| Average equity | $2,189,127 |
| Average loans | $5,655,183 |
| 1 Nevada Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 427137 | Beal Bank Usa | 1970 Village Center Circle, Suite 1, Las Vegas, NV 89134 | August 02, 2004 | 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.