Comstock Bank in Reno, Nevada (NV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 01, 1999

  • Comstock Bank in Reno, Nevada (NV)
  • Show street view No street view available for this location

Comstock Bank - Overview

  • General
  • 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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