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

First Security Bank of Nevada - Overview

  • General
  • FDIC Certificate #: 58443
    Status: Active
    Federal Reserve ID: 3555248
    Date Established: January 30, 2007
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 451798
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 30, 2007
    Last Structure Change Effective Date: May 21, 2010
    Last Structure Change Process Date: May 21, 2010
    Last Data Update: May 21, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 10501 West Gowan Road, Suite #260, Las Vegas, NV 89129
    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 Changes
  • Change in Location
  • Financial Summary
  • Total assets: $102.4 mil
    Equity capital: $16.5 mil
    Deposits held in domestic offices: $81.2 mil
    Return on assets (ROA): 0.23% ($0.2 mil)
    Quarterly return on assets: 1.14% ($1.2 mil)
    Return on Equity (ROE): 2.16% ($0.4 mil)
    Quarterly return on equity: 7.02% ($1.2 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.30% ($307.1 mil)
    Quarterly Pretax return on assets: 1.42% ($1,453.5 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
  • 16Total employees (full-time equivalent)
  • $102,361Total assets
  • $32,795Cash and due from depository institutions
  • $27,355Interest-bearing balances
  • $675Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $53,432Net loans & leases
  • $40Loan loss allowance
  • $0Trading account assets
  • $113Bank premises and fixed assets
  • $7,902Other real estate owned
  • $5,489Goodwill and other intangibles
  • $102,361Life insurance assets
  • $1,955All other assets
  • $85,817Total liabilities and capital
  • $81,173Total liabilities
  • $52,204Total deposits
  • $81,173Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,000Trading liabilities
  • $0Other borrowed funds
  • $644Subordinated debt
  • $16,544All other liabilities
  • $16,544Total equity capital
  • $16,544Total bank equity capital
  • $0Perpetual preferred stock
  • $429Common stock
  • $15,892Surplus
  • $223Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,233Income earned, not collected on loans
  • $0Earning assets
  • $148Long-term assets (5+ years)
  • $81,462Average Assets, year-to-date
  • $16,022Average Assets, quarterly
  • $98,643Volatile liabilities
  • $99,753Insider loans
  • $63,919FHLB advances
  • $90,444Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $11,055Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,088Restructured Loans and leases
  • $3,935Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,676Total interest income
  • $137Total interest expense
  • $1,539Net interest income
  • $40Provision for loan and lease losses
  • $115Total noninterest income
  • $0Fiduciary activities
  • $85Service charges on deposit accounts
  • $0Trading account gains & fees
  • $30Additional noninterest income
  • $1,322Total noninterest expense
  • $651Salaries and employee benefits
  • $100Premises and equipment expense
  • $571Additional noninterest expense
  • $292Pre-tax net operating income
  • $0Securities gains (losses)
  • $69Applicable income taxes
  • $223Income before extraordinary items
  • $0Extraordinary gains - net
  • $223Net income attributable to bank
  • $0Net charge-offs
  • $223Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 2.01%Yield on earning assets
  • 0.16%Cost of funding earning assets
  • 1.85%Net interest margin
  • 0.14%Noninterest income to earning assets
  • 1.59%Noninterest expense to earning assets
  • 0.23%Net operating income to assets
  • 0.23%Return on assets (ROA)
  • 0.30%Pretax return on assets
  • 2.16%Return on equity (ROE)
  • 2.16%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 78,597Assets per employee
  • 6.40%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.07%Loss allowance to noncurrent loans
  • 0.49%Noncurrent assets plus other real estate owned to assets
  • 15.76%Noncurrent loans to loans
  • 15.40%Net loans and leases to deposits
  • 65.82%Net loans and leases to core deposits
  • 68.76%Equity capital to assets
  • 16.16%Core capital (leverage) ratio
  • 12.22%Tier 1 risk-based capital ratio
  • 17.30%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $98,643Average earning assets
  • $10,313Average equity
  • $83,330Average loans

List of branches

  • 2 Nevada Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0451798First Security Bank Of Nevada10501 West Gowan Road, Suite #260, Las Vegas, NV 89129January 30, 2007Full Service Brick and Mortar
    1472049West Gowan Branch10501 West Gowan Road, Suite 170, Las Vegas, NV 89129Febuary 21, 2008Full Service Brick and Mortar

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