Pioneer Citizens Bank of Nevada in Reno, Nevada (NV)



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Pioneer Citizens Bank of Nevada
GeneralFDIC Certificate #: 19394
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Nevada State Bank (#18113)
Federal Reserve ID: 659163
Date Established: March 31, 1965
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 14 (Interstate: No)
OTS Docket #: 12922
FDIC's unique #: 13199
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: March 31, 1965
Last Structure Change Effective Date: October 16, 1999
Last Structure Change Process Date: December 15, 1999
Last Data Update: December 15, 1999
Data Source Date: April 05, 2012
LocationAddress: 1 West Liberty, Reno, NV 89501
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: $1,122.2 mil

1992 - 1999 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, 1998)
(Dollar figures in thousands)
Total employees (full-time equivalent)306
Total assets$1,031,321
Cash and due from depository institutions$58,208
Interest-bearing balances$104
Securities$315,578
Federal funds sold & reverse repurchase agreements$47,500
Net loans & leases$576,233
Loan loss allowance $7,004
Trading account assets$0
Bank premises and fixed assets$18,049
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$15,753
Life insurance assets$0
Total liabilities and capital$1,031,321
Total liabilities$964,921
Total deposits$899,036
Interest-bearing deposits$800,281
Deposits held in domestic offices$899,036
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $60,111
Trading liabilities$0
Other borrowed funds $1,948
Subordinated debt $0
All other liabilities $3,826
Total equity capital$66,400
Total bank equity capital$66,400
Perpetual preferred stock$66,400
Common stock$0
Surplus$882
Undivided profits $9,090
Memoranda
Noncurrent loans and leases $56,428
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $794
Long-term assets (5+ years) $287
Average Assets, year-to-date $3,647
Average Assets, quarterly $939,415
Volatile liabilities $317,272
Insider loans $929,924
FHLB advances $999,518
Loans and leases held for sale $171,208
Unused loan commitments $5,215
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $215,983
Restructured Loans and leases $0
Derivatives$697,580
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Income and Expense (December 31, 1998)
(Dollar figures in thousands)
Total interest income $68,866
Total interest expense $28,789
Net interest income $40,077
Provision for loan and lease losses $2,125
Total noninterest income $8,158
Fiduciary activities $1,554
Service charges on deposit accounts $3,232
Trading account gains & fees $0
Additional noninterest income $3,372
Total noninterest expense $29,724
Salaries and employee benefits $13,883
Premises and equipment expense $5,924
Additional noninterest expense $9,917
Pre-tax net operating income $16,386
Securities gains (losses) $2,016
Applicable income taxes $5,004
Income before extraordinary items $13,398
Extraordinary gains - net $0
Net income attributable to bank $13,398
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $894
Net operating income $0
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Performance and Condition Ratios (December 31, 1998)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets8.16%
Cost of funding earning assets 3.41%
Net interest margin 4.75%
Noninterest income to earning assets 0.97%
Noninterest expense to earning assets 3.52%
Net operating income to assets 1.28%
Return on assets (ROA) 1.44%
Pretax return on assets 1.98%
Return on equity (ROE) 22.27%
Retained earnings to average equity (YTD only) 22.27%
Net charge-offs to loans 0.17%
Credit loss provision to net charge-offs 237.70%
Efficiency ratio20.71%
Assets per employee$61,623
Cash dividends to net income (YTD only)3.37%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.20%
Noncurrent assets plus other real estate owned to assets 882.12%
Noncurrent loans to loans 0.08%
Net loans and leases to deposits0.14%
Net loans and leases to core deposits 64.09%
Equity capital to assets 72.95%
Core capital (leverage) ratio 6.44%
Tier 1 risk-based capital ratio 6.54%
Total risk-based capital ratio 9.37%
Memoranda
Average assets$10
Average earning assets$929,924
Average equity $60,174
Average loans $843,448
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