Business Bank of Nevada in Las Vegas, Nevada (NV)

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Business Bank of Nevada
GeneralFDIC Certificate #: 34077
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: City National Bank (#17281)
Federal Reserve ID: 2352815
Date Established: October 18, 1995
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 7 (Interstate: No)
OTS Docket #: 15983
FDIC's unique #: 56214
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: October 18, 1995
Last Structure Change Effective Date: May 01, 2007
Last Structure Change Process Date: May 25, 2007
Last Data Update: May 25, 2007
Data Source Date: April 05, 2012
LocationAddress: 6085 West Twain Avenue, Las Vegas, NV 89103
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)
Financial SummaryTotal assets: $524.0 mil

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
(Dollar figures in thousands)
Total employees (full-time equivalent)108
Total assets$508,075
Cash and due from depository institutions$24,724
Interest-bearing balances$0
Federal funds sold & reverse repurchase agreements$12,400
Net loans & leases$389,293
Loan loss allowance $4,356
Trading account assets$0
Bank premises and fixed assets$4,098
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$9,884
Life insurance assets$0
Total liabilities and capital$508,075
Total liabilities$459,529
Total deposits$457,320
Interest-bearing deposits$311,146
Deposits held in domestic offices$457,320
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $2,209
Total equity capital$48,546
Total bank equity capital$48,546
Perpetual preferred stock$48,546
Common stock$0
Undivided profits $26,549
Noncurrent loans and leases $21,977
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $120,621
Income earned, not collected on loans $0
Earning assets $106
Long-term assets (5+ years) $0
Average Assets, year-to-date $2,394
Average Assets, quarterly $469,369
Volatile liabilities $81,202
Insider loans $469,281
FHLB advances $497,917
Loans and leases held for sale $63,952
Unused loan commitments $12,440
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $40,000
Total risk weighted assets $0
Total unused commitments $120,621
Restructured Loans and leases $0
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Income and Expense (December 31, 2006)
(Dollar figures in thousands)
Total interest income $35,075
Total interest expense $9,494
Net interest income $25,581
Provision for loan and lease losses $1,086
Total noninterest income $1,030
Fiduciary activities $0
Service charges on deposit accounts $770
Trading account gains & fees $0
Additional noninterest income $260
Total noninterest expense $14,158
Salaries and employee benefits $7,626
Premises and equipment expense $2,109
Additional noninterest expense $4,423
Pre-tax net operating income $11,367
Securities gains (losses) -$23
Applicable income taxes $3,722
Income before extraordinary items $7,622
Extraordinary gains - net $0
Net income attributable to bank $7,622
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net -$38
Net operating income $0
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Performance and Condition Ratios (December 31, 2006)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets8.03%
Cost of funding earning assets 2.17%
Net interest margin 5.86%
Noninterest income to earning assets 0.24%
Noninterest expense to earning assets 3.24%
Net operating income to assets 1.63%
Return on assets (ROA) 1.62%
Pretax return on assets 2.42%
Return on equity (ROE) 17.73%
Retained earnings to average equity (YTD only) 17.73%
Net charge-offs to loans -0.01%
Credit loss provision to net charge-offs -2857.89%
Efficiency ratio0.00%
Assets per employee$53,204
Cash dividends to net income (YTD only)4.70%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.11%
Noncurrent assets plus other real estate owned to assets 4109.43%
Noncurrent loans to loans 0.02%
Net loans and leases to deposits0.03%
Net loans and leases to core deposits 85.12%
Equity capital to assets 98.96%
Core capital (leverage) ratio 9.55%
Tier 1 risk-based capital ratio 10.08%
Total risk-based capital ratio 10.85%
Average assets$12
Average earning assets$469,281
Average equity $43,000
Average loans $436,642
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