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

First Security Bank of Nevada in Las Vegas, Nevada (NV)
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First Security Bank of Nevada routing number info

First Security Bank of Nevada - Overview

General
FDIC Certificate #: 58443
Status: Active
Federal Reserve ID: 3555248
Date Established: January 30, 2007
WWW: http://www.firstsecuritybanknv.com
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

No	ID	Name	Address	Established	Service Type	Map
0	451798	First Security Bank Of Nevada	10501 West Gowan Road, Suite #260, Las Vegas, NV 89129	January 30, 2007	Full Service Brick and Mortar
1	472049	West Gowan Branch	10501 West Gowan Road, Suite 170, Las Vegas, NV 89129	Febuary 21, 2008	Full Service Brick and Mortar

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

First Security Bank of Nevada - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

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

First Security Bank of Nevada - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

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