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

This bank is inactive as of October 01, 1996

  • Sierrawest Bank in Reno, Nevada (NV)
  • Show street view No street view available for this location

Sierrawest Bank - Overview

  • General
  • FDIC Certificate #: 32733
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: SierraWest Bank (#23323)
    Federal Reserve ID: 1435328
    Date Established: January 08, 1990
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Interstate: No)
    FDIC's unique #: 45598
    Numeric code: 13
    Regulator: FED
    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: January 08, 1990
    Last Structure Change Effective Date: October 01, 1996
    Last Structure Change Process Date: October 24, 1996
    Last Data Update: October 24, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 4950 Kietzke Lane, Reno, NV 89509
    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: $95.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $45Total assets
  • $84,794Cash and due from depository institutions
  • $8,798Interest-bearing balances
  • $2,000Securities
  • $13,164Federal funds sold & reverse repurchase agreements
  • $8,500Net loans & leases
  • $51,178Loan loss allowance
  • $1,050Trading account assets
  • $0Bank premises and fixed assets
  • $2,214Other real estate owned
  • $0Goodwill and other intangibles
  • $940Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $84,794Total liabilities
  • $78,567Total deposits
  • $78,045Interest-bearing deposits
  • $51,254Deposits held in domestic offices
  • 78045.00%% insured (estimated)
  • $80Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2Subordinated debt
  • $0All other liabilities
  • $520Total equity capital
  • $520Total bank equity capital
  • $6,227Perpetual preferred stock
  • $0Common stock
  • $1,631Surplus
  • $2,111Undivided profits
  • Memoranda
  • $2,485Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $130Income earned, not collected on loans
  • $306Earning assets
  • $74,842Long-term assets (5+ years)
  • $4,564Average Assets, year-to-date
  • $70,443Average Assets, quarterly
  • $80,129Volatile liabilities
  • $13,622Insider loans
  • $235FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $14,161Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $6,179Total risk weighted assets
  • $57,400Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $6,127Total interest expense
  • $1,420Net interest income
  • $4,707Provision for loan and lease losses
  • $460Total noninterest income
  • $632Fiduciary activities
  • $0Service charges on deposit accounts
  • $555Trading account gains & fees
  • $0Additional noninterest income
  • $77Total noninterest expense
  • $3,626Salaries and employee benefits
  • $1,498Premises and equipment expense
  • $361Additional noninterest expense
  • $1,767Pre-tax net operating income
  • $1,253Securities gains (losses)
  • -$49Applicable income taxes
  • $412Income before extraordinary items
  • $792Extraordinary gains - net
  • $0Net income attributable to bank
  • $792Net charge-offs
  • $281Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 10.00%Cost of funding earning assets
  • 2.32%Net interest margin
  • 7.68%Noninterest income to earning assets
  • 1.03%Noninterest expense to earning assets
  • 5.92%Net operating income to assets
  • 1.17%Return on assets (ROA)
  • 1.12%Pretax return on assets
  • 1.71%Return on equity (ROE)
  • 13.85%Retained earnings to average equity (YTD only)
  • 13.85%Net charge-offs to loans
  • 0.62%Credit loss provision to net charge-offs
  • 163.70%Efficiency ratio
  • 67,915Assets per employee
  • 1.88%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.01%Loss allowance to noncurrent loans
  • 807.69%Noncurrent assets plus other real estate owned to assets
  • 0.15%Noncurrent loans to loans
  • 0.25%Net loans and leases to deposits
  • 65.57%Net loans and leases to core deposits
  • 79.44%Equity capital to assets
  • 7.34%Core capital (leverage) ratio
  • 7.62%Tier 1 risk-based capital ratio
  • 10.76%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $70,443Average earning assets
  • $5,717Average equity
  • $61,251Average loans

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