Meadows Bank in Las Vegas, Nevada (NV)
| Meadows Bank | |
|---|---|
| General | FDIC Certificate #: 58722 Status: Active Federal Reserve ID: 3719648 Date Established: March 26, 2008 WWW: http://www.meadowsbank.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 #: 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) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 63 |
| Total assets | $237,343 |
| Cash and due from depository institutions | $22,913 |
| Interest-bearing balances | $18,407 |
| Securities | $31,223 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $176,985 |
| Loan loss allowance | $3,665 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $2,246 |
| Other real estate owned | $171 |
| Goodwill and other intangibles | $677 |
| All other assets | $3,128 |
| Life insurance assets | $237,343 |
| Total liabilities and capital | $189,246 |
| Total liabilities | $187,640 |
| Total deposits | $130,580 |
| Interest-bearing deposits | $187,640 |
| Deposits held in domestic offices | $74 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $1,606 |
| All other liabilities | $48,097 |
| Total equity capital | $48,097 |
| Total bank equity capital | $48,097 |
| Perpetual preferred stock | $8,500 |
| Common stock | $1 |
| Surplus | $41,843 |
| Undivided profits | $-2,247 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $6,856 |
| Income earned, not collected on loans | $4,149 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $827 |
| Average Assets, year-to-date | $226,615 |
| Average Assets, quarterly | $43,138 |
| Volatile liabilities | $226,447 |
| Insider loans | $243,253 |
| FHLB advances | $199,273 |
| Loans and leases held for sale | $243,247 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $47,937 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $45,514 |
| Derivatives | $2,846 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $11,594 |
| Total interest expense | $1,125 |
| Net interest income | $10,469 |
| Provision for loan and lease losses | $3,254 |
| Total noninterest income | $3,544 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $224 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $3,320 |
| Total noninterest expense | $8,503 |
| Salaries and employee benefits | $5,374 |
| Premises and equipment expense | $1,153 |
| Additional noninterest expense | $1,976 |
| Pre-tax net operating income | $2,256 |
| Securities gains (losses) | $20 |
| Applicable income taxes | -$250 |
| Income before extraordinary items | $2,526 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $2,526 |
| Net charge-offs | $0 |
| Cash dividends | $2,526 |
| Sale, conversion, retirement of capital stock, net | $2,726 |
| Net operating income | $23 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.45% |
| Cost of funding earning assets | 0.53% |
| Net interest margin | 4.92% |
| Noninterest income to earning assets | 1.67% |
| Noninterest expense to earning assets | 4.00% |
| Net operating income to assets | 1.11% |
| Return on assets (ROA) | 1.12% |
| Pretax return on assets | 1.01% |
| Return on equity (ROE) | 6.08% |
| Retained earnings to average equity (YTD only) | 6.03% |
| Net charge-offs to loans | 1.67% |
| Credit loss provision to net charge-offs | 119.37% |
| Efficiency ratio | 2.02% |
| Assets per employee | $60,679 |
| Cash dividends to net income (YTD only) | 3.77% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.91% |
| Loss allowance to noncurrent loans | 2.03% |
| Noncurrent assets plus other real estate owned to assets | 88.33% |
| Noncurrent loans to loans | 1.82% |
| Net loans and leases to deposits | 2.30% |
| Net loans and leases to core deposits | 94.32% |
| Equity capital to assets | 97.94% |
| Core capital (leverage) ratio | 20.26% |
| Tier 1 risk-based capital ratio | 19.71% |
| Total risk-based capital ratio | 24.06% |
| Memoranda | |
| Average assets | $25 |
| Average earning assets | $226,447 |
| Average equity | $41,516 |
| Average loans | $212,752 |
| 2 Nevada Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 464043 | Meadows Bank | 8912 Spanish Ridge Avenue, Suite 100, Las Vegas, NV 89148 | March 26, 2008 | Full Service Brick and Mortar |  |
| 1 | 510781 | Pahrump Office Branch | 3250 S. Highway 160 #3, Pahrump, NV 89048 | November 09, 2009 | Full Service Brick and Mortar |  |
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