Northern Nevada Bank in Reno, Nevada (NV)



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Northern Nevada Bank
GeneralFDIC Certificate #: 35550
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Nevada Security Bank (#57110)
Federal Reserve ID: 2950668
Date Established: October 23, 2000
WWW: http://www.nnb1.com
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
LocationAddress: 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 SummaryTotal 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)
Total employees (full-time equivalent)30
Total assets$147,444
Cash and due from depository institutions$7,971
Interest-bearing balances$4,077
Securities$6,148
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$125,064
Loan loss allowance $1,421
Trading account assets$0
Bank premises and fixed assets$3,162
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$5,099
Life insurance assets$0
Total liabilities and capital$147,444
Total liabilities$131,617
Total deposits$121,331
Interest-bearing deposits$105,111
Deposits held in domestic offices$121,331
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $1,315
Trading liabilities$0
Other borrowed funds $8,500
Subordinated debt $0
All other liabilities $471
Total equity capital$15,827
Total bank equity capital$15,827
Perpetual preferred stock$15,827
Common stock$0
Surplus$44
Undivided profits $8,680
Memoranda
Noncurrent loans and leases $7,103
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $35,372
Income earned, not collected on loans $0
Earning assets $93
Long-term assets (5+ years) $0
Average Assets, year-to-date $622
Average Assets, quarterly $135,289
Volatile liabilities $20,222
Insider loans $126,605
FHLB advances $142,637
Loans and leases held for sale $40,774
Unused loan commitments $3,227
Tier 1 (core) risk-based capital $8,500
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $35,372
Restructured Loans and leases $0
Derivatives$2,690
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Income and Expense (December 31, 2005)
(Dollar figures in thousands)
Total interest income $9,176
Total interest expense $2,854
Net interest income $6,322
Provision for loan and lease losses $407
Total noninterest income $198
Fiduciary activities $0
Service charges on deposit accounts $58
Trading account gains & fees $0
Additional noninterest income $140
Total noninterest expense $3,545
Salaries and employee benefits $2,016
Premises and equipment expense $445
Additional noninterest expense $1,084
Pre-tax net operating income $2,568
Securities gains (losses) $0
Applicable income taxes $867
Income before extraordinary items $1,701
Extraordinary gains - net $0
Net income attributable to bank $1,701
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $0
Net operating income $100
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Performance and Condition Ratios (December 31, 2005)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets7.78%
Cost of funding earning assets 2.42%
Net interest margin 5.36%
Noninterest income to earning assets 0.17%
Noninterest expense to earning assets 3.00%
Net operating income to assets 1.34%
Return on assets (ROA) 1.34%
Pretax return on assets 2.03%
Return on equity (ROE) 12.86%
Retained earnings to average equity (YTD only) 12.11%
Net charge-offs to loans 0.00%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$54,371
Cash dividends to net income (YTD only)4.91%
Condition Ratios (%)
Loss allowance to loans 5.88%
Loss allowance to noncurrent loans 1.12%
Noncurrent assets plus other real estate owned to assets 1527.96%
Noncurrent loans to loans 0.06%
Net loans and leases to deposits0.07%
Net loans and leases to core deposits 103.08%
Equity capital to assets 151.83%
Core capital (leverage) ratio 10.73%
Tier 1 risk-based capital ratio 10.04%
Total risk-based capital ratio 11.24%
Memoranda
Average assets$13
Average earning assets$126,605
Average equity $13,224
Average loans $118,005
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