Credit One Bank, National Association in Las Vegas, Nevada (NV)

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Credit One Bank, National Association routing number info

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Credit One Bank, National Association
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)304
Total assets$99,958
Cash and due from depository institutions$35,543
Interest-bearing balances$34,520
Federal funds sold & reverse repurchase agreements$27,514
Net loans & leases$0
Loan loss allowance $0
Trading account assets$0
Bank premises and fixed assets$3,977
Other real estate owned$0
Goodwill and other intangibles$11,106
All other assets$18,626
Life insurance assets$99,958
Total liabilities and capital$30,689
Total liabilities$500
Total deposits$500
Interest-bearing deposits$500
Deposits held in domestic offices$50
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $30,189
All other liabilities $69,269
Total equity capital$69,269
Total bank equity capital$69,269
Perpetual preferred stock$0
Common stock$1,500
Undivided profits $35,230
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $0
Long-term assets (5+ years) $11
Average Assets, year-to-date $65,226
Average Assets, quarterly $0
Volatile liabilities $92,058
Insider loans $96,872
FHLB advances $27,883
Loans and leases held for sale $81,373
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $57,963
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $323,857
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $267
Total interest expense $22
Net interest income $245
Provision for loan and lease losses $0
Total noninterest income $140,229
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $140,229
Total noninterest expense $113,398
Salaries and employee benefits $28,058
Premises and equipment expense $5,410
Additional noninterest expense $79,930
Pre-tax net operating income $27,076
Securities gains (losses) $0
Applicable income taxes $9,480
Income before extraordinary items $17,596
Extraordinary gains - net $0
Net income attributable to bank $17,596
Net charge-offs $0
Cash dividends $17,596
Sale, conversion, retirement of capital stock, net $0
Net operating income $18,500
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.45%
Cost of funding earning assets 0.04%
Net interest margin 0.41%
Noninterest income to earning assets 235.12%
Noninterest expense to earning assets 190.13%
Net operating income to assets 19.11%
Return on assets (ROA) 19.11%
Pretax return on assets 29.41%
Return on equity (ROE) 27.59%
Retained earnings to average equity (YTD only) -1.42%
Net charge-offs to loans 0.00%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$80,725
Cash dividends to net income (YTD only)0.33%
Condition Ratios (%)
Loss allowance to loans 105.14%
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 deposits0.00%
Net loans and leases to core deposits 0.00%
Equity capital to assets 0.00%
Core capital (leverage) ratio 69.30%
Tier 1 risk-based capital ratio 71.23%
Total risk-based capital ratio 207.88%
Average assets$208
Average earning assets$92,058
Average equity $63,774
Average loans $59,642
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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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