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
    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

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