Service1st Bank of Nevada in Las Vegas, Nevada (NV)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Service1st Bank of Nevada in Las Vegas, Nevada (NV)
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Service1st Bank of Nevada - Overview

  • General
  • FDIC Certificate #: 58473
    Status: Active
    Federal Reserve ID: 3550896
    Bank Holding Company (Regulatory Top Holder): Western Liberty Bancorp (RSSDID: 3958988, Location: Las Vegas, NV)
    Date Established: January 16, 2007
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 453001
    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: January 16, 2007
    Last Structure Change Effective Date: December 21, 2007
    Last Structure Change Process Date: December 21, 2007
    Last Data Update: December 21, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 8349 West Sunset Road, Las Vegas, NV 89113
    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
  • Name Change
  • Financial Summary
  • Total assets: $194.0 mil
    Equity capital: $29.9 mil
    Deposits held in domestic offices: $163.4 mil
    Return on assets (ROA): -6.49% (-$12.6 mil)
    Quarterly return on assets: -2.76% (-$5.4 mil)
    Return on Equity (ROE): -33.27% (-$10.0 mil)
    Quarterly return on equity: -18.01% (-$5.4 mil)
    Net income: -$12.4 mil
    Quarterly Net income: -$1.4 mil
    Pretax return on assets: -6.49% (-$12,591.3 mil)
    Quarterly Pretax return on assets: -2.76% (-$5,354.7 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, 2011)

  • Dollar figures in thousands
  • 43Total employees (full-time equivalent)
  • $194,011Total assets
  • $89,253Cash and due from depository institutions
  • $78,026Interest-bearing balances
  • $2,503Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $98,942Net loans & leases
  • $2,919Loan loss allowance
  • $0Trading account assets
  • $818Bank premises and fixed assets
  • $0Other real estate owned
  • $670Goodwill and other intangibles
  • $194,011Life insurance assets
  • $1,825All other assets
  • $164,076Total liabilities and capital
  • $163,386Total liabilities
  • $70,738Total deposits
  • $163,386Interest-bearing deposits
  • $66Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $690Subordinated debt
  • $29,935All other liabilities
  • $29,935Total equity capital
  • $29,935Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $42,112Surplus
  • $-12,177Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $24,079Income earned, not collected on loans
  • $103Earning assets
  • $243Long-term assets (5+ years)
  • $179,471Average Assets, year-to-date
  • $17,377Average Assets, quarterly
  • $190,634Volatile liabilities
  • $199,815Insider loans
  • $103,052FHLB advances
  • $202,972Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $29,260Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $20,392Restructured Loans and leases
  • $2,544Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,510Total interest income
  • $484Total interest expense
  • $9,026Net interest income
  • $8,717Provision for loan and lease losses
  • $590Total noninterest income
  • $0Fiduciary activities
  • $302Service charges on deposit accounts
  • $0Trading account gains & fees
  • $288Additional noninterest income
  • $13,267Total noninterest expense
  • $3,040Salaries and employee benefits
  • $1,490Premises and equipment expense
  • $8,737Additional noninterest expense
  • -$12,368Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$12,368Income before extraordinary items
  • $0Extraordinary gains - net
  • -$12,368Net income attributable to bank
  • $0Net charge-offs
  • -$12,368Cash dividends
  • $5,834Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.56%Yield on earning assets
  • 0.28%Cost of funding earning assets
  • 5.27%Net interest margin
  • 0.34%Noninterest income to earning assets
  • 7.75%Noninterest expense to earning assets
  • -6.49%Net operating income to assets
  • -6.49%Return on assets (ROA)
  • -6.49%Pretax return on assets
  • -33.27%Return on equity (ROE)
  • -33.27%Retained earnings to average equity (YTD only)
  • 5.68%Net charge-offs to loans
  • 149.42%Credit loss provision to net charge-offs
  • -0.63%Efficiency ratio
  • 78,369Assets per employee
  • 4.51%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.87%Loss allowance to noncurrent loans
  • 12.12%Noncurrent assets plus other real estate owned to assets
  • 12.41%Noncurrent loans to loans
  • 23.64%Net loans and leases to deposits
  • 60.56%Net loans and leases to core deposits
  • 62.27%Equity capital to assets
  • 15.43%Core capital (leverage) ratio
  • 14.42%Tier 1 risk-based capital ratio
  • 28.39%Total risk-based capital ratio
  • Memoranda
  • $30Average assets
  • $190,634Average earning assets
  • $37,179Average equity
  • $171,121Average loans

List of branches

  • 2 Nevada Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0453001Service1st Bank Of Nevada8349 West Sunset Road, Las Vegas, NV 89113January 16, 2007Full Service Brick and Mortar
    1478282Eastern Branch8965 South Eastern Avenue Suite 190, Las Vegas, NV 89123October 05, 2007Full Service Brick and Mortar

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