Sun West Bank in Las Vegas, Nevada (NV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 28, 2010

  • Sun West Bank in Las Vegas, Nevada (NV)
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Sun West Bank - Overview

  • General
  • FDIC Certificate #: 34785
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: City National Bank (#17281)
    Federal Reserve ID: 2714570
    Date Established: July 13, 1998
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Interstate: No)
    FDIC's unique #: 61559
    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: July 13, 1998
    Last Structure Change Effective Date: May 28, 2010
    Last Structure Change Process Date: June 01, 2010
    Last Data Update: June 01, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 5830 West Flamingo Road, Las Vegas, NV 89102
    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)
  • Financial Summary
  • Total assets: $360.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)

  • Dollar figures in thousands
  • 85Total employees (full-time equivalent)
  • $381,307Total assets
  • $56,191Cash and due from depository institutions
  • $52,575Interest-bearing balances
  • $25,158Securities
  • $671Federal funds sold & reverse repurchase agreements
  • $271,894Net loans & leases
  • $11,896Loan loss allowance
  • $0Trading account assets
  • $4,140Bank premises and fixed assets
  • $17,312Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $5,941All other assets
  • $381,307Total liabilities and capital
  • $371,984Total liabilities
  • $369,807Total deposits
  • $334,960Interest-bearing deposits
  • $369,807Deposits held in domestic offices
  • 93.67%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $2,177All other liabilities
  • $9,323Total equity capital
  • $9,323Total bank equity capital
  • $9,323Perpetual preferred stock
  • $0Common stock
  • $26,650Surplus
  • $1,000Undivided profits
  • Memoranda
  • $-18,327Noncurrent loans and leases
  • $26,179Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $53,335Earning assets
  • $0Long-term assets (5+ years)
  • $1,215Average Assets, year-to-date
  • $350,298Average Assets, quarterly
  • $66,646Volatile liabilities
  • $405,980Insider loans
  • $385,433FHLB advances
  • $69,917Loans and leases held for sale
  • $5,921Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $26,179Total unused commitments
  • $6,775Restructured Loans and leases
  • $3,976Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $20,039Total interest income
  • $7,575Total interest expense
  • $12,464Net interest income
  • $30,411Provision for loan and lease losses
  • -$1,209Total noninterest income
  • $0Fiduciary activities
  • $909Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$2,118Additional noninterest income
  • $12,824Total noninterest expense
  • $5,913Salaries and employee benefits
  • $2,502Premises and equipment expense
  • $4,409Additional noninterest expense
  • -$31,980Pre-tax net operating income
  • -$97Securities gains (losses)
  • $0Applicable income taxes
  • -$32,077Income before extraordinary items
  • $0Extraordinary gains - net
  • -$32,077Net income attributable to bank
  • $0Net charge-offs
  • -$32,077Cash dividends
  • $27,053Sale, conversion, retirement of capital stock, net
  • $394Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.19%Yield on earning assets
  • 1.96%Cost of funding earning assets
  • 3.23%Net interest margin
  • -0.31%Noninterest income to earning assets
  • 3.32%Noninterest expense to earning assets
  • -7.88%Net operating income to assets
  • -7.90%Return on assets (ROA)
  • -7.90%Pretax return on assets
  • -116.86%Return on equity (ROE)
  • -118.29%Retained earnings to average equity (YTD only)
  • 8.14%Net charge-offs to loans
  • 112.41%Credit loss provision to net charge-offs
  • -0.06%Efficiency ratio
  • 113,940Assets per employee
  • 4.49%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -1.23%Loss allowance to loans
  • 4.19%Loss allowance to noncurrent loans
  • 22.30%Noncurrent assets plus other real estate owned to assets
  • 18.53%Noncurrent loans to loans
  • 18.79%Net loans and leases to deposits
  • 73.52%Net loans and leases to core deposits
  • 90.66%Equity capital to assets
  • 2.45%Core capital (leverage) ratio
  • 2.31%Tier 1 risk-based capital ratio
  • 2.91%Total risk-based capital ratio
  • Memoranda
  • $4Average assets
  • $405,980Average earning assets
  • $27,450Average equity
  • $385,997Average loans

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