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

This bank is inactive as of July 25, 2008

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

  • General
  • FDIC Certificate #: 27011
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Mutual of Omaha Bank (#32325)
    Federal Reserve ID: 411464
    Date Established: July 23, 1987
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 38 (Interstate: No)
    FDIC's unique #: 36453
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: July 23, 1987
    Last Structure Change Effective Date: July 25, 2008
    Last Structure Change Process Date: July 28, 2008
    Last Data Update: July 28, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 6275 Neil Road, Reno, NV 89511
    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: $3,411.1 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, 2007)

  • Dollar figures in thousands
  • 227Total employees (full-time equivalent)
  • $1,460,523Total assets
  • $67,874Cash and due from depository institutions
  • $33Interest-bearing balances
  • $3,356Securities
  • $545,448Federal funds sold & reverse repurchase agreements
  • $787,613Net loans & leases
  • $11,925Loan loss allowance
  • $0Trading account assets
  • $2,585Bank premises and fixed assets
  • $0Other real estate owned
  • $29,486Goodwill and other intangibles
  • $0Life insurance assets
  • $24,161All other assets
  • $1,460,523Total liabilities and capital
  • $1,332,778Total liabilities
  • $1,244,105Total deposits
  • $983,229Interest-bearing deposits
  • $1,244,105Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $500Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $73,000Other borrowed funds
  • $0Subordinated debt
  • $15,173All other liabilities
  • $127,745Total equity capital
  • $127,745Total bank equity capital
  • $127,745Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $43,410Undivided profits
  • Memoranda
  • $83,335Noncurrent loans and leases
  • $238,012Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $8,961Earning assets
  • $0Long-term assets (5+ years)
  • $3,952Average Assets, year-to-date
  • $1,336,450Average Assets, quarterly
  • $21,303Volatile liabilities
  • $1,471,078Insider loans
  • $1,446,884FHLB advances
  • $256,093Loans and leases held for sale
  • $5Unused loan commitments
  • $63,000Tier 1 (core) risk-based capital
  • $26,570Tier 2 risk-based capital
  • $5,153Total risk weighted assets
  • $238,012Total unused commitments
  • $0Restructured Loans and leases
  • $12,706Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $112,839Total interest income
  • $43,332Total interest expense
  • $69,507Net interest income
  • $3,306Provision for loan and lease losses
  • $24,863Total noninterest income
  • $426Fiduciary activities
  • $1,153Service charges on deposit accounts
  • $0Trading account gains & fees
  • $23,284Additional noninterest income
  • $48,194Total noninterest expense
  • $13,132Salaries and employee benefits
  • $3,987Premises and equipment expense
  • $31,075Additional noninterest expense
  • $42,870Pre-tax net operating income
  • $1,501Securities gains (losses)
  • $16,268Applicable income taxes
  • $28,103Income before extraordinary items
  • $0Extraordinary gains - net
  • $28,103Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$572Sale, conversion, retirement of capital stock, net
  • $48,500Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.40%Yield on earning assets
  • 3.22%Cost of funding earning assets
  • 5.17%Net interest margin
  • 1.85%Noninterest income to earning assets
  • 3.59%Noninterest expense to earning assets
  • 1.85%Net operating income to assets
  • 1.91%Return on assets (ROA)
  • 3.02%Pretax return on assets
  • 19.47%Return on equity (ROE)
  • -14.13%Retained earnings to average equity (YTD only)
  • -0.06%Net charge-offs to loans
  • -577.97%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 48,043Assets per employee
  • 6.43%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 172.58%Loss allowance to loans
  • 1.49%Loss allowance to noncurrent loans
  • 133.08%Noncurrent assets plus other real estate owned to assets
  • 0.61%Noncurrent loans to loans
  • 1.12%Net loans and leases to deposits
  • 63.31%Net loans and leases to core deposits
  • 74.20%Equity capital to assets
  • 8.75%Core capital (leverage) ratio
  • 7.04%Tier 1 risk-based capital ratio
  • 9.74%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $1,471,078Average earning assets
  • $144,365Average equity
  • $1,343,744Average loans

Total Fiduciary and Related Assets (December 31, 2007)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $27,508Managed Assets
  • 1Number of Accounts
  • $26,366Personal trust and agency accounts
  • $18,329Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $1,188Investment management agency accounts
  • $6,849Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 38Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $1,142Other retirement accounts
  • $1,142Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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