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



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First Security Bank of Nevada routing number info

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First Security Bank of Nevada
GeneralFDIC 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
LocationAddress: 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 ChangesChange in Location
Financial SummaryTotal 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)
Total employees (full-time equivalent)16
Total assets$102,361
Cash and due from depository institutions$32,795
Interest-bearing balances$27,355
Securities$675
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$53,432
Loan loss allowance $40
Trading account assets$0
Bank premises and fixed assets$113
Other real estate owned$7,902
Goodwill and other intangibles$5,489
All other assets$1,955
Life insurance assets$102,361
Total liabilities and capital$85,817
Total liabilities$81,173
Total deposits$52,204
Interest-bearing deposits$81,173
Deposits held in domestic offices$95
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$4,000
Other borrowed funds $0
Subordinated debt $644
All other liabilities $16,544
Total equity capital$16,544
Total bank equity capital$16,544
Perpetual preferred stock$0
Common stock$429
Surplus$15,892
Undivided profits $223
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $8,233
Earning assets $0
Long-term assets (5+ years) $148
Average Assets, year-to-date $81,462
Average Assets, quarterly $16,022
Volatile liabilities $98,643
Insider loans $99,753
FHLB advances $63,919
Loans and leases held for sale $90,444
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $11,055
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $9,088
Derivatives$3,935
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $1,676
Total interest expense $137
Net interest income $1,539
Provision for loan and lease losses $40
Total noninterest income $115
Fiduciary activities $0
Service charges on deposit accounts $85
Trading account gains & fees $0
Additional noninterest income $30
Total noninterest expense $1,322
Salaries and employee benefits $651
Premises and equipment expense $100
Additional noninterest expense $571
Pre-tax net operating income $292
Securities gains (losses) $0
Applicable income taxes $69
Income before extraordinary items $223
Extraordinary gains - net $0
Net income attributable to bank $223
Net charge-offs $0
Cash dividends $223
Sale, conversion, retirement of capital stock, net $0
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets2.01%
Cost of funding earning assets 0.16%
Net interest margin 1.85%
Noninterest income to earning assets 0.14%
Noninterest expense to earning assets 1.59%
Net operating income to assets 0.23%
Return on assets (ROA) 0.23%
Pretax return on assets 0.30%
Return on equity (ROE) 2.16%
Retained earnings to average equity (YTD only) 2.16%
Net charge-offs to loans 0.00%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$78,597
Cash dividends to net income (YTD only)6.40%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.07%
Noncurrent assets plus other real estate owned to assets 0.49%
Noncurrent loans to loans 15.76%
Net loans and leases to deposits15.40%
Net loans and leases to core deposits 65.82%
Equity capital to assets 68.76%
Core capital (leverage) ratio 16.16%
Tier 1 risk-based capital ratio 12.22%
Total risk-based capital ratio 17.30%
Memoranda
Average assets$17
Average earning assets$98,643
Average equity $10,313
Average loans $83,330
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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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