Nevada State Bank in Las Vegas, Nevada (NV)
| Nevada State Bank | |
|---|---|
| General | FDIC Certificate #: 18113 Status: Active Federal Reserve ID: 456960 Bank Holding Company (Regulatory Top Holder): Zions Bancorporation (RSSDID: 1027004, Location: Salt Lake City, UT) Date Established: December 14, 1959 WWW: http://www.nsbank.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 53 (Domestic: 53, Interstate: No) OTS Docket #: 14080 FDIC's unique #: 12035 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: December 14, 1959 Last Structure Change Effective Date: April 17, 2009 Last Structure Change Process Date: April 21, 2009 Last Data Update: April 21, 2009 Data Source Date: April 05, 2012 |
| Location | Address: 750 East Warm Springs Road, Las Vegas, NV 89119 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 | Participated in FDIC Assisted Absorption/Consolidation/Merger Corrections |
| Financial Summary | Total assets: $4,101.1 mil Equity capital: $532.9 mil Deposits held in domestic offices: $3,546.3 mil Return on assets (ROA): 1.12% ($45.9 mil) Quarterly return on assets: 0.86% ($35.3 mil) Return on Equity (ROE): 7.93% ($42.3 mil) Quarterly return on equity: 6.19% ($33.0 mil) Net income: $46.6 mil Quarterly Net income: $8.9 mil Pretax return on assets: 1.72% ($70,539.1 mil) Quarterly Pretax return on assets: 1.31% ($53,724.6 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 827 |
| Total assets | $4,101,113 |
| Cash and due from depository institutions | $957,322 |
| Interest-bearing balances | $888,760 |
| Securities | $748,356 |
| Federal funds sold & reverse repurchase agreements | $20,837 |
| Net loans & leases | $2,104,305 |
| Loan loss allowance | $131,762 |
| Trading account assets | $6,000 |
| Bank premises and fixed assets | $115,741 |
| Other real estate owned | $24,628 |
| Goodwill and other intangibles | $4,304 |
| All other assets | $119,620 |
| Life insurance assets | $4,101,113 |
| Total liabilities and capital | $3,568,207 |
| Total liabilities | $3,546,332 |
| Total deposits | $2,208,854 |
| Interest-bearing deposits | $3,546,332 |
| Deposits held in domestic offices | $87 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $6,198 |
| Trading liabilities | $476 |
| Other borrowed funds | $0 |
| Subordinated debt | $15,201 |
| All other liabilities | $532,906 |
| Total equity capital | $532,906 |
| Total bank equity capital | $532,906 |
| Perpetual preferred stock | $260,000 |
| Common stock | $4,693 |
| Surplus | $529,310 |
| Undivided profits | $-261,097 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $605 |
| Income earned, not collected on loans | $90,205 |
| Earning assets | $1,639 |
| Long-term assets (5+ years) | $12,513 |
| Average Assets, year-to-date | $3,762,258 |
| Average Assets, quarterly | $427,188 |
| Volatile liabilities | $4,154,592 |
| Insider loans | $4,170,539 |
| FHLB advances | $2,253,437 |
| Loans and leases held for sale | $4,156,745 |
| Unused loan commitments | $6,090 |
| Tier 1 (core) risk-based capital | $6,090 |
| Tier 2 risk-based capital | $486,260 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $439,801 |
| Derivatives | $1,002 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $145,139 |
| Total interest expense | $9,889 |
| Net interest income | $135,250 |
| Provision for loan and lease losses | -$38,314 |
| Total noninterest income | $31,810 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $18,594 |
| Trading account gains & fees | $421 |
| Additional noninterest income | $12,795 |
| Total noninterest expense | $133,967 |
| Salaries and employee benefits | $55,804 |
| Premises and equipment expense | $14,749 |
| Additional noninterest expense | $63,414 |
| Pre-tax net operating income | $71,407 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $24,822 |
| Income before extraordinary items | $46,585 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $46,585 |
| Net charge-offs | $0 |
| Cash dividends | $46,585 |
| Sale, conversion, retirement of capital stock, net | $55,065 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 3.84% |
| Cost of funding earning assets | 0.26% |
| Net interest margin | 3.58% |
| Noninterest income to earning assets | 0.84% |
| Noninterest expense to earning assets | 3.55% |
| Net operating income to assets | 1.12% |
| Return on assets (ROA) | 1.12% |
| Pretax return on assets | 1.72% |
| Return on equity (ROE) | 7.93% |
| Retained earnings to average equity (YTD only) | 7.93% |
| Net charge-offs to loans | 2.34% |
| Credit loss provision to net charge-offs | -69.58% |
| Efficiency ratio | 0.60% |
| Assets per employee | $78,758 |
| Cash dividends to net income (YTD only) | 4.96% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 5.89% |
| Noncurrent assets plus other real estate owned to assets | 146.07% |
| Noncurrent loans to loans | 2.80% |
| Net loans and leases to deposits | 4.03% |
| Net loans and leases to core deposits | 59.34% |
| Equity capital to assets | 60.13% |
| Core capital (leverage) ratio | 12.99% |
| Tier 1 risk-based capital ratio | 11.70% |
| Total risk-based capital ratio | 21.58% |
| Memoranda | |
| Average assets | $23 |
| Average earning assets | $4,154,592 |
| Average equity | $587,220 |
| Average loans | $3,778,131 |
| Total Fiduciary and Related Assets (December 31, 2002) (Dollar figures in thousands) | |
| Total fiduciary and related assets | $1 |
| Number of Fiduciary Accounts and Related Asset Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $502,470 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $243,082 |
| Employee benefit-defined contribution accounts | $198,587 |
| Employee benefit-defined benefit accounts | $20,287 |
| Other retirement accounts | $0 |
| Corporate trust and agency accounts | $4,218 |
| Investment management agency accounts | $760 |
| Other fiduciary accounts | $19,230 |
| Fiduciary accounts held in foreign offices | $0 |
| Non-managed Assets | $0 |
| Number of Accounts | 473 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $0 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $259,388 |
| Corporate trust and agency accounts | $43,752 |
| Other fiduciary accounts | $175,005 |
| Fiduciary accounts held in foreign offices | $34,495 |
| 53 Nevada Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 12035 | Nevada State Bank | 750 East Warm Springs Road, Las Vegas, NV 89119 | December 14, 1959 | Full Service Brick and Mortar |  |
| 1 | 243896 | Maryland Parkway Branch | 3345 South Maryland Parkway, Las Vegas, NV 89109 | May 14, 1973 | Full Service Brick and Mortar |  |
| 2 | 243897 | West Sahara Branch | 3480 West Sahara Avenue, Las Vegas, NV 89102 | June 23, 1975 | Full Service Brick and Mortar | |
| 3 | 243898 | Twain - Jones Branch | 3688 South Jones Boulevard, Las Vegas, NV 89103 | September 06, 1977 | Full Service Brick and Mortar | |
| 5 | 243900 | Tropicana - Nellis Branch | 4970 East Tropicana Avenue, Las Vegas, NV 89121 | October 20, 1980 | Full Service Brick and Mortar | |
| 6 | 243901 | Lake Mead - Nellis Branch | 2017 N. Nellis Blvd., Las Vegas, NV 89115 | December 27, 1983 | Full Service Brick and Mortar | |
| 28 | 243923 | Pahrump Station Branch | 1301 South Highway 160, Pahrump, NV 89048 | December 02, 1996 | Full Service Brick and Mortar | |
| 37 | 243926 | West Wendover Branch | 1855 West Wendover Boulevard, West Wendover, NV 89883 | December 29, 1997 | Full Service Retail | |
| 38 | 192360 | Eureka Branch | 91 North Main Street, Eureka, NV 89316 | June 16, 1945 | Full Service Brick and Mortar | |
| 39 | 192369 | Lovelock Branch | 1150 Cornell Avenue, Lovelock, NV 89419 | December 30, 1955 | Full Service Brick and Mortar | |
| 40 | 192382 | Tonopah Branch | 132 Erie Main, Tonopah, NV 89049 | December 17, 1934 | Full Service Brick and Mortar | |
| 41 | 192383 | Wells Branch | 408 Sixth Street, Wells, NV 89835 | May 15, 1947 | Full Service Brick and Mortar | |
| 42 | 192404 | Fernley Branch | 250 Highway 95a, Fernley, NV 89408 | April 09, 1979 | Full Service Brick and Mortar | |
| 47 | 243931 | Rainbow Branch | 1921 N. Rainbow Boulevard, Las Vegas, NV 89108 | December 07, 1998 | Full Service Brick and Mortar | |
| 49 | 243933 | Warm Springs - Stephanie Branch | 1501 West Warm Springs Road, Henderson, NV 89014 | Febuary 16, 1999 | Full Service Brick and Mortar | |
| 52 | 13199 | West Liberty Branch | 1 West Liberty Street, Reno, NV 89501 | March 31, 1965 | Full Service Brick and Mortar | |
| 53 | 248111 | Bridger Branch | 230 Las Vegas Boulevard, Las Vegas, NV 89101 | April 17, 1972 | Full Service Brick and Mortar | |
| 54 | 248113 | Moana Branch | 1001 West Moana Lane, Reno, NV 89509 | September 23, 1974 | Full Service Brick and Mortar | |
| 55 | 248114 | Pioneer Center Branch | 4170 South Maryland Parkway, Las Vegas, NV 89119 | May 15, 1978 | Full Service Brick and Mortar | |
| 57 | 248116 | Sparks - Prater Way Branch | 500 East Prater Way, Sparks, NV 89431 | June 14, 1993 | Full Service Brick and Mortar | |
| 58 | 248117 | Sunset Branch | 4001 East Sunset Road, Henderson, NV 89014 | August 09, 1993 | Full Service Brick and Mortar | |
| 59 | 248118 | Harbor Island Branch | 8400 West Lake Mead Boulevard, Las Vegas, NV 89128 | October 03, 1994 | Full Service Brick and Mortar | |
| 60 | 248119 | South Carson Branch | 4267 South Carson Street, Carson City, NV 89701 | September 11, 1995 | Full Service Brick and Mortar | |
| 61 | 248120 | Meadowood Branch | 5050 Meadowood Mall Circle, Reno, NV 89502 | November 18, 1996 | Full Service Brick and Mortar | |
| 62 | 248121 | The Lakes Branch | 8260 West Sahara, Las Vegas, NV 89117 | January 26, 1998 | Full Service Brick and Mortar | |
| 65 | 248124 | North Carson Branch | 1795 East College Parkway, #200, Carson City, NV 89706 | July 19, 1999 | Full Service Brick and Mortar | |
| 70 | 363207 | Anthem Village Branch | 11590 South Eastern Avenue, Henderson, NV 89052 | December 18, 2001 | Full Service Brick and Mortar | |
| 73 | 419242 | Craig - Clayton Branch | 2014 West Craig Road, North Las Vegas, NV 89032 | November 18, 2002 | Full Service Brick and Mortar | |
| 75 | 423395 | Damonte Branch | 190 Damonte Ranch Parkway, Reno, NV 89521 | October 24, 2003 | Full Service Brick and Mortar | |
| 76 | 428005 | Southern Highlands Branch | 10610 Southern Highlands Parkway, Las Vegas, NV 89141 | April 26, 2004 | Full Service Brick and Mortar | |
| 77 | 428129 | Centennial Hills Branch | 6505 N. Buffalo Drive, Las Vegas, NV 89131 | April 12, 2004 | Full Service Brick and Mortar | |
| 80 | 443293 | Minden Branch | 1656 Highway 395, Minden, NV 89423 | June 27, 2005 | Full Service Brick and Mortar | |
| 82 | 446926 | Rhodes Ranch Branch | 7030 S. Durango Drive, Las Vegas, NV 89113 | January 09, 2006 | Full Service Brick and Mortar | |
| 83 | 452939 | Henderson Heights Branch | 1460 S Boulder Hwy, Henderson, NV 89015 | April 03, 2006 | Full Service Brick and Mortar | |
| 84 | 453026 | Aliante Branch | 2860 W. Centennial, North Las Vegas, NV 89084 | Febuary 13, 2006 | Full Service Brick and Mortar | |
| 85 | 465555 | Falcon Ridge Branch | 1130 West Pioneer Blvd, Mesquite, NV 89027 | June 25, 2007 | Full Service Brick and Mortar | |
| 86 | 466143 | Russell Ft. Apache Office Branch | 5720 South Ft. Apache, Las Vegas, NV 89148 | January 08, 2007 | Full Service Brick and Mortar | |
| 87 | 479402 | Mountains Edge Branch | 9305 South Cimarron Road, Las Vegas, NV 89178 | July 21, 2008 | Full Service Brick and Mortar | |
| 89 | 56852 | Pebble Market Branch | 400 North Green Valley Parkway, Henderson, NV 89014 | July 01, 1996 | Full Service Brick and Mortar | |
| 90 | 290445 | Rainbow/Westcliff Branch | 170 South Rainbow Boulevard, Las Vegas, NV 89128 | April 08, 1998 | Full Service Brick and Mortar | |
| 93 | 357557 | Boulder City Branch | 1000 Nevada Highway, Boulder City, NV 89005 | January 19, 2000 | Full Service Brick and Mortar | |
| 95 | 362242 | Dewey Branch | 5547 South Rainbow Boulevard, Las Vegas, NV 89118 | October 10, 2001 | Full Service Brick and Mortar | |
| 97 | 430029 | Fort Apache Branch | 9415 W Flamingo Road, Las Vegas, NV 89147 | June 22, 2004 | Full Service Brick and Mortar | |
| 103 | 489390 | Nellis/Stewart | 325 North Nellis Blvd. Ste110, Las Vegas, NV 89110 | January 26, 2009 | Full Service Brick and Mortar | |
| 104 | 489681 | Eastern/Horizon | 10608 S. Eastern Avenue, Suite E, Henderson, NV 89052 | November 04, 2008 | Full Service Brick and Mortar | |
| 105 | 489682 | Flamingo/Sandhill | 3780 E. Flamingo Road, Las Vegas, NV 89121 | November 04, 2008 | Full Service Brick and Mortar | |
| 106 | 489683 | Craig/Jones | 5840 W. Craig Road, Suite 140, Las Vegas, NV 89130 | November 04, 2008 | Full Service Brick and Mortar | |
| 107 | 489685 | Dayton | 244 Dayton Valley Road, Suite 100, Dayton, NV 89403 | November 04, 2008 | Full Service Brick and Mortar | |
| 108 | 48128 | Railroad Branch | 487 Railroad Street, Elko, NV 89801 | July 29, 1993 | Full Service Brick and Mortar | |
| 109 | 424615 | Winnemucca Branch | 747 South Grass Valley Road, Winnemucca, NV 89445 | May 01, 2002 | Full Service Brick and Mortar | |
| 110 | 440836 | Fallon Branch | 498 West Williams Avenue, Fallon, NV 89406 | May 02, 2005 | Full Service Brick and Mortar | |
| 111 | 452597 | Mountain City Highway Branch | 2915 Moiuntain City Highway, Elko, NV 89801 | October 13, 2005 | Full Service Brick and Mortar | |
| 112 | 478276 | Spring Creek Branch | 568 Spring Valley Court, Spring Creek, NV 89815 | December 01, 2007 | Full Service Brick and Mortar | |
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