Meadows Bank in Las Vegas, Nevada (NV)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Meadows Bank in Las Vegas, Nevada (NV)
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Meadows Bank - Overview

  • General
  • FDIC Certificate #: 58722
    Status: Active
    Federal Reserve ID: 3719648
    Date Established: March 26, 2008
    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 #: 464043
    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: March 26, 2008
    Last Structure Change Effective Date: March 12, 2009
    Last Structure Change Process Date: March 12, 2009
    Last Data Update: March 12, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 8912 Spanish Ridge Avenue, Suite 100, Las Vegas, NV 89148
    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
  • Corrections
  • Financial Summary
  • Total assets: $237.3 mil
    Equity capital: $48.1 mil
    Deposits held in domestic offices: $187.6 mil
    Return on assets (ROA): 1.12% ($2.7 mil)
    Quarterly return on assets: 1.12% ($2.7 mil)
    Return on Equity (ROE): 6.08% ($2.9 mil)
    Quarterly return on equity: 5.68% ($2.7 mil)
    Net income: $2.5 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 1.01% ($2,397.2 mil)
    Quarterly Pretax return on assets: 0.71% ($1,685.1 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
  • 63Total employees (full-time equivalent)
  • $237,343Total assets
  • $22,913Cash and due from depository institutions
  • $18,407Interest-bearing balances
  • $31,223Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $176,985Net loans & leases
  • $3,665Loan loss allowance
  • $0Trading account assets
  • $2,246Bank premises and fixed assets
  • $171Other real estate owned
  • $677Goodwill and other intangibles
  • $237,343Life insurance assets
  • $3,128All other assets
  • $189,246Total liabilities and capital
  • $187,640Total liabilities
  • $130,580Total deposits
  • $187,640Interest-bearing deposits
  • $74Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,606Subordinated debt
  • $48,097All other liabilities
  • $48,097Total equity capital
  • $48,097Total bank equity capital
  • $8,500Perpetual preferred stock
  • $1Common stock
  • $41,843Surplus
  • $-2,247Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $6,856Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,149Income earned, not collected on loans
  • $0Earning assets
  • $827Long-term assets (5+ years)
  • $226,615Average Assets, year-to-date
  • $43,138Average Assets, quarterly
  • $226,447Volatile liabilities
  • $243,253Insider loans
  • $199,273FHLB advances
  • $243,247Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $47,937Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $45,514Restructured Loans and leases
  • $2,846Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,594Total interest income
  • $1,125Total interest expense
  • $10,469Net interest income
  • $3,254Provision for loan and lease losses
  • $3,544Total noninterest income
  • $0Fiduciary activities
  • $224Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,320Additional noninterest income
  • $8,503Total noninterest expense
  • $5,374Salaries and employee benefits
  • $1,153Premises and equipment expense
  • $1,976Additional noninterest expense
  • $2,256Pre-tax net operating income
  • $20Securities gains (losses)
  • -$250Applicable income taxes
  • $2,526Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,526Net income attributable to bank
  • $0Net charge-offs
  • $2,526Cash dividends
  • $2,726Sale, conversion, retirement of capital stock, net
  • $23Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.45%Yield on earning assets
  • 0.53%Cost of funding earning assets
  • 4.92%Net interest margin
  • 1.67%Noninterest income to earning assets
  • 4.00%Noninterest expense to earning assets
  • 1.11%Net operating income to assets
  • 1.12%Return on assets (ROA)
  • 1.01%Pretax return on assets
  • 6.08%Return on equity (ROE)
  • 6.03%Retained earnings to average equity (YTD only)
  • 1.67%Net charge-offs to loans
  • 119.37%Credit loss provision to net charge-offs
  • 2.02%Efficiency ratio
  • 60,679Assets per employee
  • 3.77%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.91%Loss allowance to loans
  • 2.03%Loss allowance to noncurrent loans
  • 88.33%Noncurrent assets plus other real estate owned to assets
  • 1.82%Noncurrent loans to loans
  • 2.30%Net loans and leases to deposits
  • 94.32%Net loans and leases to core deposits
  • 97.94%Equity capital to assets
  • 20.26%Core capital (leverage) ratio
  • 19.71%Tier 1 risk-based capital ratio
  • 24.06%Total risk-based capital ratio
  • Memoranda
  • $25Average assets
  • $226,447Average earning assets
  • $41,516Average equity
  • $212,752Average loans

List of branches

  • 2 Nevada Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0464043Meadows Bank8912 Spanish Ridge Avenue, Suite 100, Las Vegas, NV 89148March 26, 2008Full Service Brick and Mortar
    1510781Pahrump Office Branch3250 S. Highway 160 #3, Pahrump, NV 89048November 09, 2009Full Service Brick and Mortar

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