Nevada Security Bank in Reno, Nevada (NV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 18, 2010

Nevada Security Bank - Overview

  • General
  • FDIC Certificate #: 57110
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Umpqua Bank (#17266)
    Federal Reserve ID: 3077629
    Date Established: December 27, 2001
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Interstate: No)
    FDIC's unique #: 357935
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: December 27, 2001
    Last Structure Change Effective Date: June 18, 2010
    Last Structure Change Process Date: June 21, 2010
    Last Data Update: June 21, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 9990 Double R. Blvd., Reno, NV 89521
    County: Washoe
    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): Reno, NV (#6720)
    Combined Statistical Area (CSA): Reno-Sparks-Fernley, NV (#456)
    Core Based Statistical Area (CBSA): Reno-Sparks, NV (#39900)
    CBSA Metro Statistical Area: Reno-Sparks, NV (#39900)
  • Financial Summary
  • Total assets: $492.5 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, 2009)

  • Dollar figures in thousands
  • 76Total employees (full-time equivalent)
  • $495,141Total assets
  • $36,797Cash and due from depository institutions
  • $32,343Interest-bearing balances
  • $77,159Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $343,569Net loans & leases
  • $13,144Loan loss allowance
  • $0Trading account assets
  • $4,410Bank premises and fixed assets
  • $24,489Other real estate owned
  • $1,372Goodwill and other intangibles
  • $0Life insurance assets
  • $7,345All other assets
  • $495,141Total liabilities and capital
  • $481,631Total liabilities
  • $480,766Total deposits
  • $440,548Interest-bearing deposits
  • $480,766Deposits held in domestic offices
  • 85.66%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $58Other borrowed funds
  • $0Subordinated debt
  • $807All other liabilities
  • $13,510Total equity capital
  • $13,510Total bank equity capital
  • $13,510Perpetual preferred stock
  • $0Common stock
  • $14Surplus
  • $66,971Undivided profits
  • Memoranda
  • $-53,475Noncurrent loans and leases
  • $15,124Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $55,177Earning assets
  • $304Long-term assets (5+ years)
  • $1,836Average Assets, year-to-date
  • $453,071Average Assets, quarterly
  • $115,993Volatile liabilities
  • $548,635Insider loans
  • $516,643FHLB advances
  • $191,563Loans and leases held for sale
  • $4,297Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $15,124Total unused commitments
  • $20,047Restructured Loans and leases
  • $4,956Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $26,772Total interest income
  • $14,539Total interest expense
  • $12,233Net interest income
  • $25,734Provision for loan and lease losses
  • $3,487Total noninterest income
  • $0Fiduciary activities
  • $513Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,974Additional noninterest income
  • $23,590Total noninterest expense
  • $6,912Salaries and employee benefits
  • $2,230Premises and equipment expense
  • $14,448Additional noninterest expense
  • -$33,604Pre-tax net operating income
  • -$4Securities gains (losses)
  • $6,808Applicable income taxes
  • -$40,416Income before extraordinary items
  • $0Extraordinary gains - net
  • -$40,416Net income attributable to bank
  • $0Net charge-offs
  • -$40,416Cash dividends
  • $20,651Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.36%Yield on earning assets
  • 2.91%Cost of funding earning assets
  • 2.45%Net interest margin
  • 0.70%Noninterest income to earning assets
  • 4.73%Noninterest expense to earning assets
  • -7.37%Net operating income to assets
  • -7.37%Return on assets (ROA)
  • -6.13%Pretax return on assets
  • -114.33%Return on equity (ROE)
  • -114.33%Retained earnings to average equity (YTD only)
  • 5.11%Net charge-offs to loans
  • 124.61%Credit loss provision to net charge-offs
  • -0.38%Efficiency ratio
  • 132,684Assets per employee
  • 6.52%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.68%Loss allowance to noncurrent loans
  • 23.82%Noncurrent assets plus other real estate owned to assets
  • 16.09%Noncurrent loans to loans
  • 15.47%Net loans and leases to deposits
  • 71.46%Net loans and leases to core deposits
  • 118.80%Equity capital to assets
  • 2.73%Core capital (leverage) ratio
  • 2.28%Tier 1 risk-based capital ratio
  • 3.10%Total risk-based capital ratio
  • Memoranda
  • $4Average assets
  • $548,635Average earning assets
  • $35,350Average equity
  • $499,201Average loans

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