The First National Bank of Ely in Ely, Nevada (NV)
Overview, Financial Summary, Detailed Financial Reports, Branches

The First National Bank of Ely - Overview

  • General
  • FDIC Certificate #: 2273
    Status: Active
    Federal Reserve ID: 450669
    Date Established: Febuary 23, 1907
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 1507
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 595 Aultman Street, Ely, NV 89301
    County: White Pine
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $82.5 mil
    Equity capital: $7.4 mil
    Deposits held in domestic offices: $75.0 mil
    Return on assets (ROA): 1.60% ($1.3 mil)
    Quarterly return on assets: -0.63% (-$0.5 mil)
    Return on Equity (ROE): 17.63% ($1.2 mil)
    Quarterly return on equity: -6.60% (-$0.5 mil)
    Net income: $1.3 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: 1.60% ($1,320.7 mil)
    Quarterly Pretax return on assets: -0.63% (-$520.0 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, 2011)

  • Dollar figures in thousands
  • 11Total employees (full-time equivalent)
  • $82,546Total assets
  • $3,710Cash and due from depository institutions
  • $0Interest-bearing balances
  • $62,306Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $15,117Net loans & leases
  • $1,000Loan loss allowance
  • $0Trading account assets
  • $164Bank premises and fixed assets
  • $690Other real estate owned
  • $0Goodwill and other intangibles
  • $82,546Life insurance assets
  • $559All other assets
  • $75,152Total liabilities and capital
  • $75,041Total liabilities
  • $58,650Total deposits
  • $75,041Interest-bearing deposits
  • $73Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $111Subordinated debt
  • $7,394All other liabilities
  • $7,394Total equity capital
  • $7,394Total bank equity capital
  • $0Perpetual preferred stock
  • $93Common stock
  • $217Surplus
  • $7,084Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,373Income earned, not collected on loans
  • $0Earning assets
  • $326Long-term assets (5+ years)
  • $77,423Average Assets, year-to-date
  • $51,026Average Assets, quarterly
  • $80,538Volatile liabilities
  • $82,552Insider loans
  • $33,554FHLB advances
  • $82,859Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $7,585Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,750Restructured Loans and leases
  • $891Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,472Total interest income
  • $406Total interest expense
  • $3,066Net interest income
  • $438Provision for loan and lease losses
  • $115Total noninterest income
  • $0Fiduciary activities
  • $53Service charges on deposit accounts
  • $0Trading account gains & fees
  • $62Additional noninterest income
  • $1,647Total noninterest expense
  • $796Salaries and employee benefits
  • $149Premises and equipment expense
  • $702Additional noninterest expense
  • $1,096Pre-tax net operating income
  • $192Securities gains (losses)
  • $0Applicable income taxes
  • $1,288Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,288Net income attributable to bank
  • $0Net charge-offs
  • $1,288Cash dividends
  • $38Sale, conversion, retirement of capital stock, net
  • $558Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.56%Yield on earning assets
  • 0.53%Cost of funding earning assets
  • 4.03%Net interest margin
  • 0.15%Noninterest income to earning assets
  • 2.16%Noninterest expense to earning assets
  • 1.36%Net operating income to assets
  • 1.60%Return on assets (ROA)
  • 1.60%Pretax return on assets
  • 17.63%Return on equity (ROE)
  • 9.99%Retained earnings to average equity (YTD only)
  • 0.21%Net charge-offs to loans
  • 1152.63%Credit loss provision to net charge-offs
  • 40.37%Efficiency ratio
  • 51,776Assets per employee
  • 7.50%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 43.32%Loss allowance to loans
  • 6.20%Loss allowance to noncurrent loans
  • 72.83%Noncurrent assets plus other real estate owned to assets
  • 2.50%Noncurrent loans to loans
  • 8.52%Net loans and leases to deposits
  • 20.14%Net loans and leases to core deposits
  • 20.14%Equity capital to assets
  • 8.96%Core capital (leverage) ratio
  • 9.15%Tier 1 risk-based capital ratio
  • 22.61%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $80,538Average earning assets
  • $7,305Average equity
  • $76,145Average loans

List of branches

  • 1 Nevada Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01507The First National Bank Of Ely595 Aultman Street, Ely, NV 89301Febuary 23, 1907Full Service Brick and Mortar

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