FDIC Certificate #: 58547 Status: Inactive Closing history: Absorption - Without Assistance Acquiring institution:Paramount Bank (#34673) Federal Reserve ID: 3584538 Date Established: July 09, 2007 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Interstate: No) FDIC's unique #: 456007 Numeric code: 13 Regulator: FED 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: July 09, 2007 Last Structure Change Effective Date: December 31, 2008 Last Structure Change Process Date: January 06, 2009 Last Data Update: January 06, 2009 Data Source Date: April 05, 2012
Location
Address: 7795 West Sahara Avenue, Las Vegas, NV 89117 County: Clark Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: Chicago 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)
Financial Summary
Total assets: $24.6 mil
Assets and Liabilities (December 31, 2007)
Dollar figures in thousands
7Total employees (full-time equivalent)
$16,150Total assets
$302Cash and due from depository institutions
$0Interest-bearing balances
$0Securities
$4,674Federal funds sold & reverse repurchase agreements
$9,736Net loans & leases
$123Loan loss allowance
$0Trading account assets
$833Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$605All other assets
$16,150Total liabilities and capital
$4,805Total liabilities
$4,733Total deposits
$4,625Interest-bearing deposits
$4,733Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$14Other borrowed funds
$0Subordinated debt
$58All other liabilities
$11,345Total equity capital
$11,345Total bank equity capital
$11,345Perpetual preferred stock
$0Common stock
$1Surplus
$11,999Undivided profits
Memoranda
$-655Noncurrent loans and leases
$1,089Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$43Average Assets, year-to-date
$14,410Average Assets, quarterly
$0Volatile liabilities
$14,075Insider loans
$14,075FHLB advances
$2,782Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,089Total unused commitments
$0Restructured Loans and leases
$123Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$329Total interest income
$16Total interest expense
$313Net interest income
$123Provision for loan and lease losses
$0Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$845Total noninterest expense
$446Salaries and employee benefits
$172Premises and equipment expense
$227Additional noninterest expense
-$655Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$655Income before extraordinary items
$0Extraordinary gains - net
-$655Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
2.60%Yield on earning assets
0.13%Cost of funding earning assets
2.48%Net interest margin
0.00%Noninterest income to earning assets
6.69%Noninterest expense to earning assets
-4.65%Net operating income to assets
-4.65%Return on assets (ROA)
-4.65%Pretax return on assets
-5.68%Return on equity (ROE)
-5.68%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
269,968Assets per employee
2.31%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.25%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
205.70%Net loans and leases to core deposits
499.03%Equity capital to assets
70.25%Core capital (leverage) ratio
77.90%Tier 1 risk-based capital ratio
98.10%Total risk-based capital ratio
Memoranda
$99Average assets
$14,075Average earning assets
$11,527Average equity
$12,635Average loans
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