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

This bank is inactive as of December 31, 2010

  • 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

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