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

This bank is inactive as of November 06, 2006

  • Northern Nevada Bank in Reno, Nevada (NV)
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Northern Nevada Bank - Overview

  • General
  • FDIC Certificate #: 35550
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Nevada Security Bank (#57110)
    Federal Reserve ID: 2950668
    Date Established: October 23, 2000
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    FDIC's unique #: 81660
    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: October 23, 2000
    Last Structure Change Effective Date: November 06, 2006
    Last Structure Change Process Date: November 15, 2006
    Last Data Update: November 15, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 3490 South Virginia Street, Reno, NV 89502
    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: $156.7 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, 2005)

  • Dollar figures in thousands
  • 30Total employees (full-time equivalent)
  • $147,444Total assets
  • $7,971Cash and due from depository institutions
  • $4,077Interest-bearing balances
  • $6,148Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $125,064Net loans & leases
  • $1,421Loan loss allowance
  • $0Trading account assets
  • $3,162Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $5,099All other assets
  • $147,444Total liabilities and capital
  • $131,617Total liabilities
  • $121,331Total deposits
  • $105,111Interest-bearing deposits
  • $121,331Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,315Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $8,500Other borrowed funds
  • $0Subordinated debt
  • $471All other liabilities
  • $15,827Total equity capital
  • $15,827Total bank equity capital
  • $15,827Perpetual preferred stock
  • $0Common stock
  • $44Surplus
  • $8,680Undivided profits
  • Memoranda
  • $7,103Noncurrent loans and leases
  • $35,372Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $93Earning assets
  • $0Long-term assets (5+ years)
  • $622Average Assets, year-to-date
  • $135,289Average Assets, quarterly
  • $20,222Volatile liabilities
  • $126,605Insider loans
  • $142,637FHLB advances
  • $40,774Loans and leases held for sale
  • $3,227Unused loan commitments
  • $8,500Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $35,372Total unused commitments
  • $0Restructured Loans and leases
  • $2,690Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $9,176Total interest income
  • $2,854Total interest expense
  • $6,322Net interest income
  • $407Provision for loan and lease losses
  • $198Total noninterest income
  • $0Fiduciary activities
  • $58Service charges on deposit accounts
  • $0Trading account gains & fees
  • $140Additional noninterest income
  • $3,545Total noninterest expense
  • $2,016Salaries and employee benefits
  • $445Premises and equipment expense
  • $1,084Additional noninterest expense
  • $2,568Pre-tax net operating income
  • $0Securities gains (losses)
  • $867Applicable income taxes
  • $1,701Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,701Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $100Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.78%Yield on earning assets
  • 2.42%Cost of funding earning assets
  • 5.36%Net interest margin
  • 0.17%Noninterest income to earning assets
  • 3.00%Noninterest expense to earning assets
  • 1.34%Net operating income to assets
  • 1.34%Return on assets (ROA)
  • 2.03%Pretax return on assets
  • 12.86%Return on equity (ROE)
  • 12.11%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 54,371Assets per employee
  • 4.91%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 5.88%Loss allowance to loans
  • 1.12%Loss allowance to noncurrent loans
  • 1527.96%Noncurrent assets plus other real estate owned to assets
  • 0.06%Noncurrent loans to loans
  • 0.07%Net loans and leases to deposits
  • 103.08%Net loans and leases to core deposits
  • 151.83%Equity capital to assets
  • 10.73%Core capital (leverage) ratio
  • 10.04%Tier 1 risk-based capital ratio
  • 11.24%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $126,605Average earning assets
  • $13,224Average equity
  • $118,005Average loans

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