Credit One Bank, National Association in Las Vegas, Nevada (NV)
Overview, Financial Summary, Detailed Financial Reports, Branches


Credit One Bank, National Association - Overview

  • General
  • FDIC Certificate #: 25620
    Status: Active
    Federal Reserve ID: 639567
    Date Established: July 30, 1984
    WWW: http://www.cronebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 17541
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: July 30, 1984
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 585 Pilot Road, Las Vegas, NV 89119
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $100.0 mil
    Equity capital: $69.3 mil
    Deposits held in domestic offices: $0.5 mil
    Return on assets (ROA): 19.11% ($19.1 mil)
    Quarterly return on assets: 20.39% ($20.4 mil)
    Return on Equity (ROE): 27.59% ($19.0 mil)
    Quarterly return on equity: 29.56% ($20.4 mil)
    Net income: $17.6 mil
    Quarterly Net income: $4.9 mil
    Pretax return on assets: 29.41% ($29,397.6 mil)
    Quarterly Pretax return on assets: 31.37% ($31,356.8 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, 2011)

  • Dollar figures in thousands
  • 304Total employees (full-time equivalent)
  • $99,958Total assets
  • $35,543Cash and due from depository institutions
  • $34,520Interest-bearing balances
  • $3,192Securities
  • $27,514Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $0Loan loss allowance
  • $0Trading account assets
  • $3,977Bank premises and fixed assets
  • $0Other real estate owned
  • $11,106Goodwill and other intangibles
  • $99,958Life insurance assets
  • $18,626All other assets
  • $30,689Total liabilities and capital
  • $500Total liabilities
  • $500Total deposits
  • $500Interest-bearing deposits
  • $50Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $30,189Subordinated debt
  • $69,269All other liabilities
  • $69,269Total equity capital
  • $69,269Total bank equity capital
  • $0Perpetual preferred stock
  • $1,500Common stock
  • $32,539Surplus
  • $35,230Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $11Long-term assets (5+ years)
  • $65,226Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $92,058Volatile liabilities
  • $96,872Insider loans
  • $27,883FHLB advances
  • $81,373Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $57,963Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $323,857Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $267Total interest income
  • $22Total interest expense
  • $245Net interest income
  • $0Provision for loan and lease losses
  • $140,229Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $140,229Additional noninterest income
  • $113,398Total noninterest expense
  • $28,058Salaries and employee benefits
  • $5,410Premises and equipment expense
  • $79,930Additional noninterest expense
  • $27,076Pre-tax net operating income
  • $0Securities gains (losses)
  • $9,480Applicable income taxes
  • $17,596Income before extraordinary items
  • $0Extraordinary gains - net
  • $17,596Net income attributable to bank
  • $0Net charge-offs
  • $17,596Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $18,500Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.45%Yield on earning assets
  • 0.04%Cost of funding earning assets
  • 0.41%Net interest margin
  • 235.12%Noninterest income to earning assets
  • 190.13%Noninterest expense to earning assets
  • 19.11%Net operating income to assets
  • 19.11%Return on assets (ROA)
  • 29.41%Pretax return on assets
  • 27.59%Return on equity (ROE)
  • -1.42%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 80,725Assets per employee
  • 0.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 105.14%Loss allowance to loans
  • 0.00%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 0.00%Net loans and leases to core deposits
  • 0.00%Equity capital to assets
  • 69.30%Core capital (leverage) ratio
  • 71.23%Tier 1 risk-based capital ratio
  • 207.88%Total risk-based capital ratio
  • Memoranda
  • $208Average assets
  • $92,058Average earning assets
  • $63,774Average equity
  • $59,642Average loans

List of branches

  • 1 Nevada Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    017541Credit One Bank, National Association585 Pilot Road, Las Vegas, NV 89119July 30, 1984Full Service Brick and Mortar

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

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Credit One Bank, National Association.
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.
Table of Contents