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



Show street view No street view available for this location
Table of contents:
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
WWW: http://www.bbnv.com
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
Securities$67,676
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
Surplus$20
Undivided profits $26,549
Memoranda
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
Derivatives$4,838
Back to page top, Back to table top

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
Back to page top, Back to table top

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%
Memoranda
Average assets$12
Average earning assets$469,281
Average equity $43,000
Average loans $436,642
Back to page top, Back to table top

User Contributions:

Comment about this bank, ask questions, or add new information about it:

CAPTCHA


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Business Bank of Nevada.
Based on public records. Inadvertent errors are possible.
BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.