First Asian Bank in Las Vegas, Nevada (NV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 09, 2011

  • First Asian Bank in Las Vegas, Nevada (NV)
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First Asian Bank - Overview

  • General
  • FDIC Certificate #: 58499
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Royal Business Bank (#58816)
    Federal Reserve ID: 3604155
    Date Established: June 06, 2007
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 454573
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: June 06, 2007
    Last Structure Change Effective Date: July 09, 2011
    Last Structure Change Process Date: August 24, 2011
    Last Data Update: August 24, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 2610 S Jones Blvd, Las Vegas, NV 89146
    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)
  • Financial Summary
  • Total assets: $30.2 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, 2010)

  • Dollar figures in thousands
  • 15Total employees (full-time equivalent)
  • $35,103Total assets
  • $1,087Cash and due from depository institutions
  • $0Interest-bearing balances
  • $0Securities
  • $9,330Federal funds sold & reverse repurchase agreements
  • $23,413Net loans & leases
  • $1,096Loan loss allowance
  • $0Trading account assets
  • $771Bank premises and fixed assets
  • $9Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $493All other assets
  • $35,103Total liabilities and capital
  • $32,171Total liabilities
  • $31,904Total deposits
  • $30,310Interest-bearing deposits
  • $31,904Deposits held in domestic offices
  • 97.69%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $267All other liabilities
  • $2,932Total equity capital
  • $2,932Total bank equity capital
  • $2,932Perpetual preferred stock
  • $0Common stock
  • $13Surplus
  • $13,720Undivided profits
  • Memoranda
  • $-10,801Noncurrent loans and leases
  • $855Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $4,079Earning assets
  • $175Long-term assets (5+ years)
  • $115Average Assets, year-to-date
  • $32,743Average Assets, quarterly
  • $7,922Volatile liabilities
  • $39,809Insider loans
  • $37,055FHLB advances
  • $17,654Loans and leases held for sale
  • $1,441Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $855Total unused commitments
  • $1,122Restructured Loans and leases
  • $338Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $1,549Total interest income
  • $607Total interest expense
  • $942Net interest income
  • $1,057Provision for loan and lease losses
  • $34Total noninterest income
  • $0Fiduciary activities
  • $18Service charges on deposit accounts
  • $0Trading account gains & fees
  • $16Additional noninterest income
  • $2,893Total noninterest expense
  • $1,091Salaries and employee benefits
  • $586Premises and equipment expense
  • $1,216Additional noninterest expense
  • -$2,974Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$2,974Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,974Net income attributable to bank
  • $0Net charge-offs
  • -$2,974Cash dividends
  • $1,089Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.16%Yield on earning assets
  • 1.63%Cost of funding earning assets
  • 2.53%Net interest margin
  • 0.09%Noninterest income to earning assets
  • 7.77%Noninterest expense to earning assets
  • -7.47%Net operating income to assets
  • -7.47%Return on assets (ROA)
  • -7.47%Pretax return on assets
  • -68.15%Return on equity (ROE)
  • -68.15%Retained earnings to average equity (YTD only)
  • 3.71%Net charge-offs to loans
  • 97.06%Credit loss provision to net charge-offs
  • -1.76%Efficiency ratio
  • 296,414Assets per employee
  • 2.34%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.47%Loss allowance to noncurrent loans
  • 26.87%Noncurrent assets plus other real estate owned to assets
  • 11.65%Noncurrent loans to loans
  • 16.64%Net loans and leases to deposits
  • 73.39%Net loans and leases to core deposits
  • 164.30%Equity capital to assets
  • 8.35%Core capital (leverage) ratio
  • 7.86%Tier 1 risk-based capital ratio
  • 11.16%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $39,809Average earning assets
  • $4,364Average equity
  • $37,211Average loans

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