FDIC Certificate #: 34043 Status: Inactive Closing history: Corrections Acquiring institution:Deposit Insurance National Bank of Las Vegas (#59002) Federal Reserve ID: 2319676 Date Established: July 14, 1995 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 14 (Interstate: No) FDIC's unique #: 56021 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: July 14, 1995 Last Structure Change Effective Date: August 14, 2009 Last Structure Change Process Date: August 19, 2009 Last Data Update: August 19, 2009 Data Source Date: April 05, 2012
Location
Address: 1400 South Rainbow Boulevard, Las Vegas, NV 89146 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)
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $1,397.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)
Dollar figures in thousands
241Total employees (full-time equivalent)
$1,706,349Total assets
$20,695Cash and due from depository institutions
$5,762Interest-bearing balances
$55,737Securities
$290,354Federal funds sold & reverse repurchase agreements
$1,194,614Net loans & leases
$101,318Loan loss allowance
$0Trading account assets
$19,427Bank premises and fixed assets
$72,238Other real estate owned
$0Goodwill and other intangibles
$10,912Life insurance assets
$53,284All other assets
$1,706,349Total liabilities and capital
$1,621,563Total liabilities
$1,578,283Total deposits
$1,444,078Interest-bearing deposits
$1,578,283Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$35,315Other borrowed funds
$0Subordinated debt
$7,965All other liabilities
$84,786Total equity capital
$84,786Total bank equity capital
$84,786Perpetual preferred stock
$0Common stock
$919Surplus
$216,042Undivided profits
Memoranda
$-132,175Noncurrent loans and leases
$178,847Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$203,896Earning assets
$1,661Long-term assets (5+ years)
$4,592Average Assets, year-to-date
$1,546,467Average Assets, quarterly
$128,325Volatile liabilities
$1,633,005Insider loans
$1,654,208FHLB advances
$221,827Loans and leases held for sale
$1,866Unused loan commitments
$35,000Tier 1 (core) risk-based capital
$9,239Tier 2 risk-based capital
$0Total risk weighted assets
$178,847Total unused commitments
$0Restructured Loans and leases
$19,469Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$94,917Total interest income
$40,559Total interest expense
$54,358Net interest income
$118,505Provision for loan and lease losses
$3,371Total noninterest income
$0Fiduciary activities
$1,556Service charges on deposit accounts
$0Trading account gains & fees
$1,815Additional noninterest income
$143,867Total noninterest expense
$9,980Salaries and employee benefits
$4,430Premises and equipment expense
$129,457Additional noninterest expense
-$204,643Pre-tax net operating income
$196Securities gains (losses)
-$15,553Applicable income taxes
-$188,894Income before extraordinary items
$0Extraordinary gains - net
-$188,894Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$33,180Sale, conversion, retirement of capital stock, net
$9,495Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.56%Yield on earning assets
2.80%Cost of funding earning assets
3.76%Net interest margin
0.23%Noninterest income to earning assets
9.94%Noninterest expense to earning assets
-11.58%Net operating income to assets
-11.57%Return on assets (ROA)
-12.52%Pretax return on assets
-80.65%Return on equity (ROE)
-84.70%Retained earnings to average equity (YTD only)
2.45%Net charge-offs to loans
357.16%Credit loss provision to net charge-offs
-2.60%Efficiency ratio
57,152Assets per employee
7.08%Cash dividends to net income (YTD only)
Condition Ratios (%)
-5.03%Loss allowance to loans
7.82%Loss allowance to noncurrent loans
49.69%Noncurrent assets plus other real estate owned to assets
16.18%Noncurrent loans to loans
15.73%Net loans and leases to deposits
75.69%Net loans and leases to core deposits
85.85%Equity capital to assets
4.97%Core capital (leverage) ratio
5.02%Tier 1 risk-based capital ratio
5.70%Total risk-based capital ratio
Memoranda
$7Average assets
$1,633,005Average earning assets
$234,225Average equity
$1,446,920Average loans
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