USAA Savings Bank in Las Vegas, Nevada (NV)
Overview, Financial Summary, Detailed Financial Reports, Branches

USAA Savings Bank - Overview

  • General
  • FDIC Certificate #: 34351
    Status: Active
    Federal Reserve ID: 2502656
    Date Established: September 27, 1996
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 57110
    Numeric code: 23
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Credit Card Institutions: Yes
    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
    Directly owned by another bank (CERT): #34351
    Asset Concentration Hierarchy: Credit-Card Specialization
    Date of Deposit Insurance: September 27, 1996
    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: 3773 Howard Hughes Parkway, #190n, Las Vegas, NV 89109
    County: Clark
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: Dallas
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $15,279.5 mil
    Equity capital: $3,514.2 mil
    Deposits held in domestic offices: $730.8 mil
    Return on assets (ROA): 3.52% ($537.9 mil)
    Quarterly return on assets: 2.77% ($423.3 mil)
    Return on Equity (ROE): 15.58% ($547.5 mil)
    Quarterly return on equity: 11.91% ($418.5 mil)
    Net income: $507.3 mil
    Quarterly Net income: $103.1 mil
    Pretax return on assets: 5.46% ($834,262.3 mil)
    Quarterly Pretax return on assets: 4.23% ($646,324.1 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
  • 10Total employees (full-time equivalent)
  • $15,279,530Total assets
  • $329,569Cash and due from depository institutions
  • $295,489Interest-bearing balances
  • $157,868Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $14,487,488Net loans & leases
  • $465,416Loan loss allowance
  • $0Trading account assets
  • $0Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $15,279,530Life insurance assets
  • $304,605All other assets
  • $11,765,368Total liabilities and capital
  • $730,801Total liabilities
  • $716,472Total deposits
  • $730,801Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,383,081Trading liabilities
  • $0Other borrowed funds
  • $651,486Subordinated debt
  • $3,514,162All other liabilities
  • $3,514,162Total equity capital
  • $3,514,162Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $1,467,160Surplus
  • $2,047,001Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $128,109Income earned, not collected on loans
  • $0Earning assets
  • $48,125Long-term assets (5+ years)
  • $14,940,845Average Assets, year-to-date
  • $93,842Average Assets, quarterly
  • $14,392,348Volatile liabilities
  • $14,894,730Insider loans
  • $15,073,514FHLB advances
  • $14,561,821Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,514,162Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $38,317,526Restructured Loans and leases
  • $3,923Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,133,782Total interest income
  • $94,034Total interest expense
  • $1,039,748Net interest income
  • $302,051Provision for loan and lease losses
  • $587,554Total noninterest income
  • $0Fiduciary activities
  • $101Service charges on deposit accounts
  • $0Trading account gains & fees
  • $587,453Additional noninterest income
  • $539,636Total noninterest expense
  • $2,638Salaries and employee benefits
  • $149Premises and equipment expense
  • $536,849Additional noninterest expense
  • $785,615Pre-tax net operating income
  • $0Securities gains (losses)
  • $278,352Applicable income taxes
  • $507,263Income before extraordinary items
  • $0Extraordinary gains - net
  • $507,263Net income attributable to bank
  • $0Net charge-offs
  • $507,263Cash dividends
  • $390,535Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.05%Yield on earning assets
  • 0.67%Cost of funding earning assets
  • 7.39%Net interest margin
  • 4.17%Noninterest income to earning assets
  • 3.83%Noninterest expense to earning assets
  • 3.52%Net operating income to assets
  • 3.52%Return on assets (ROA)
  • 5.46%Pretax return on assets
  • 15.58%Return on equity (ROE)
  • 15.58%Retained earnings to average equity (YTD only)
  • 2.73%Net charge-offs to loans
  • 77.34%Credit loss provision to net charge-offs
  • 2.79%Efficiency ratio
  • 33,161Assets per employee
  • 1527.95%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.11%Loss allowance to noncurrent loans
  • 363.30%Noncurrent assets plus other real estate owned to assets
  • 0.84%Noncurrent loans to loans
  • 0.86%Net loans and leases to deposits
  • 1982.41%Net loans and leases to core deposits
  • 32483.16%Equity capital to assets
  • 23.00%Core capital (leverage) ratio
  • 24.13%Tier 1 risk-based capital ratio
  • 23.31%Total risk-based capital ratio
  • Memoranda
  • $25Average assets
  • $14,392,348Average earning assets
  • $3,255,719Average equity
  • $14,078,445Average loans

Bank Assets Sold and Securitized (December 31, 2009)

  • Dollar figures in thousands
  • Principal balance with servicing or other recourse retained
  • $01-4 family residential loans
  • $0Home equity lines
  • $4,022,989Credit cards receivables
  • $0Auto loans
  • $0Other consumer loans
  • $0Commercial and industrial loans

List of branches

  • 1 Nevada Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    057110Usaa Savings Bank3773 Howard Hughes Parkway, #190n, Las Vegas, NV 89109September 27, 1996Full Service Brick and Mortar

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