First Independent Bank of Nevada in city_name, state_name - Detailed Financial Reports, Location

First Independent Bank of Nevada in Reno, Nevada (NV)
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First Independent Bank of Nevada - Overview

General
FDIC Certificate #: 35202
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Western Alliance Bank (#57512)
Federal Reserve ID: 2849829
Date Established: September 27, 1999
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 8 (Interstate: No)
FDIC's unique #: 76168
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: September 27, 1999
Last Structure Change Effective Date: December 31, 2010
Last Structure Change Process Date: January 05, 2011
Last Data Update: January 05, 2011
Data Source Date: April 05, 2012
Location
Address: 5335 Kietzke Lane, Reno, NV 89509
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: $558.8 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, 2009)

Dollar figures in thousands
93Total employees (full-time equivalent)
$517,829Total assets
$11,216Cash and due from depository institutions
$4,555Interest-bearing balances
$79,929Securities
$5,001Federal funds sold & reverse repurchase agreements
$370,361Net loans & leases
$8,932Loan loss allowance
$2,006Trading account assets
$17,568Bank premises and fixed assets
$9,682Other real estate owned
$5,828Goodwill and other intangibles
$2,476Life insurance assets
$16,238All other assets
$517,829Total liabilities and capital
$467,996Total liabilities
$455,351Total deposits
$357,968Interest-bearing deposits
$455,351Deposits held in domestic offices
78.37%% insured (estimated)
$6,206Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$5,000Subordinated debt
$1,439All other liabilities
$49,833Total equity capital
$49,833Total bank equity capital
$49,833Perpetual preferred stock
$0Common stock
$97,341Surplus
$46,644Undivided profits
Memoranda
$-94,152Noncurrent loans and leases
$55,660Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$11,937Earning assets
$0Long-term assets (5+ years)
$1,758Average Assets, year-to-date
$461,852Average Assets, quarterly
$113,259Volatile liabilities
$509,002Insider loans
$519,272FHLB advances
$97,985Loans and leases held for sale
$6,377Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$55,660Total unused commitments
$0Restructured Loans and leases
$10,605Derivatives

Income and Expense (December 31, 2009)

Dollar figures in thousands
$25,852Total interest income
$6,576Total interest expense
$19,276Net interest income
$13,314Provision for loan and lease losses
-$2,046Total noninterest income
$0Fiduciary activities
$584Service charges on deposit accounts
$54Trading account gains & fees
-$2,684Additional noninterest income
$16,445Total noninterest expense
$8,089Salaries and employee benefits
$2,574Premises and equipment expense
$5,782Additional noninterest expense
-$12,529Pre-tax net operating income
-$1,115Securities gains (losses)
-$4,848Applicable income taxes
-$8,796Income before extraordinary items
$0Extraordinary gains - net
-$8,796Net income attributable to bank
$0Net charge-offs
-$8,796Cash dividends
$10,277Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2009)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.63%Yield on earning assets
1.43%Cost of funding earning assets
4.20%Net interest margin
-0.45%Noninterest income to earning assets
3.58%Noninterest expense to earning assets
-1.59%Net operating income to assets
-1.73%Return on assets (ROA)
-2.68%Pretax return on assets
-16.30%Return on equity (ROE)
-16.30%Retained earnings to average equity (YTD only)
2.87%Net charge-offs to loans
129.55%Credit loss provision to net charge-offs
0.08%Efficiency ratio
90,778Assets per employee
5.57%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.35%Loss allowance to noncurrent loans
74.83%Noncurrent assets plus other real estate owned to assets
4.17%Noncurrent loans to loans
3.15%Net loans and leases to deposits
81.34%Net loans and leases to core deposits
101.87%Equity capital to assets
9.62%Core capital (leverage) ratio
8.38%Tier 1 risk-based capital ratio
9.92%Total risk-based capital ratio
Memoranda
$12Average assets
$509,002Average earning assets
$53,958Average equity
$459,081Average loans

First Independent Bank of Nevada in Reno, Nevada (NV)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Independent Bank of Nevada - Overview

Assets and Liabilities (December 31, 2009)

Income and Expense (December 31, 2009)

Performance and Condition Ratios (December 31, 2009)

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

First Independent Bank of Nevada in Reno, Nevada (NV)Overview, Financial Summary, Detailed Financial Reports, Branches

First Independent Bank of Nevada - Overview

Assets and Liabilities (December 31, 2009)

Income and Expense (December 31, 2009)

Performance and Condition Ratios (December 31, 2009)

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

First Independent Bank of Nevada in Reno, Nevada (NV)
Overview, Financial Summary, Detailed Financial Reports, Branches