FDIC Certificate #: 23340 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Security Bank of Nevada (#32987) Federal Reserve ID: 449364 Date Established: Febuary 10, 1981 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 7 (Interstate: No) OTS Docket #: 9194 FDIC's unique #: 16359 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: Febuary 10, 1981 Last Structure Change Effective Date: June 01, 1999 Last Structure Change Process Date: July 07, 1999 Last Data Update: July 07, 1999 Data Source Date: April 05, 2012
Location
Address: 6275 Neil Road, Reno, NV 89511 County: Washoe 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): Reno, NV (#6720) Combined Statistical Area (CSA): Reno-Sparks-Fernley, NV (#456) Core Based Statistical Area (CBSA): Reno-Sparks, NV (#39900) CBSA Metro Statistical Area: Reno-Sparks, NV (#39900)
Financial Summary
Total assets: $217.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
118Total employees (full-time equivalent)
$223,631Total assets
$10,594Cash and due from depository institutions
$791Interest-bearing balances
$40,028Securities
$17,100Federal funds sold & reverse repurchase agreements
$140,224Net loans & leases
$1,598Loan loss allowance
$8Trading account assets
$6,821Bank premises and fixed assets
$2,184Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$6,672All other assets
$223,631Total liabilities and capital
$204,902Total liabilities
$197,986Total deposits
$157,826Interest-bearing deposits
$197,986Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$6,000Other borrowed funds
$0Subordinated debt
$916All other liabilities
$18,729Total equity capital
$18,729Total bank equity capital
$18,729Perpetual preferred stock
$0Common stock
$1,105Surplus
$7,837Undivided profits
Memoranda
$9,787Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$731Earning assets
$0Long-term assets (5+ years)
$653Average Assets, year-to-date
$198,151Average Assets, quarterly
$54,992Volatile liabilities
$212,454Insider loans
$224,834FHLB advances
$34,664Loans and leases held for sale
$1,593Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$15,064Total risk weighted assets
$64,842Total unused commitments
$0Restructured Loans and leases
$149,925Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$17,993Total interest income
$7,320Total interest expense
$10,673Net interest income
$620Provision for loan and lease losses
$3,311Total noninterest income
$0Fiduciary activities
$350Service charges on deposit accounts
-$1Trading account gains & fees
$2,962Additional noninterest income
$8,972Total noninterest expense
$5,357Salaries and employee benefits
$1,574Premises and equipment expense
$2,041Additional noninterest expense
$4,392Pre-tax net operating income
$71Securities gains (losses)
$1,146Applicable income taxes
$3,317Income before extraordinary items
$0Extraordinary gains - net
$3,317Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$98Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.58%Yield on earning assets
3.90%Cost of funding earning assets
5.69%Net interest margin
1.76%Noninterest income to earning assets
4.78%Noninterest expense to earning assets
1.54%Net operating income to assets
1.56%Return on assets (ROA)
2.10%Pretax return on assets
19.41%Return on equity (ROE)
19.41%Retained earnings to average equity (YTD only)
0.07%Net charge-offs to loans
632.65%Credit loss provision to net charge-offs
51.14%Efficiency ratio
64,159Assets per employee
1.90%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.13%Loss allowance to noncurrent loans
218.60%Noncurrent assets plus other real estate owned to assets
1.30%Noncurrent loans to loans
0.52%Net loans and leases to deposits
70.83%Net loans and leases to core deposits
85.86%Equity capital to assets
8.37%Core capital (leverage) ratio
8.49%Tier 1 risk-based capital ratio
12.48%Total risk-based capital ratio
Memoranda
$14Average assets
$212,454Average earning assets
$17,090Average equity
$187,739Average loans
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