USAA Savings Bank in Las Vegas, Nevada (NV)



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USAA Savings Bank
GeneralFDIC Certificate #: 34351
Status: Active
Federal Reserve ID: 2502656
Date Established: September 27, 1996
WWW: http://www.usaa.com
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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)10
Total assets$15,279,530
Cash and due from depository institutions$329,569
Interest-bearing balances$295,489
Securities$157,868
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$14,487,488
Loan loss allowance $465,416
Trading account assets$0
Bank premises and fixed assets$0
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$304,605
Life insurance assets$15,279,530
Total liabilities and capital$11,765,368
Total liabilities$730,801
Total deposits$716,472
Interest-bearing deposits$730,801
Deposits held in domestic offices$96
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$10,383,081
Other borrowed funds $0
Subordinated debt $651,486
All other liabilities $3,514,162
Total equity capital$3,514,162
Total bank equity capital$3,514,162
Perpetual preferred stock$0
Common stock$1
Surplus$1,467,160
Undivided profits $2,047,001
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $128,109
Earning assets $0
Long-term assets (5+ years) $48,125
Average Assets, year-to-date $14,940,845
Average Assets, quarterly $93,842
Volatile liabilities $14,392,348
Insider loans $14,894,730
FHLB advances $15,073,514
Loans and leases held for sale $14,561,821
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $3,514,162
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $38,317,526
Derivatives$3,923
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $1,133,782
Total interest expense $94,034
Net interest income $1,039,748
Provision for loan and lease losses $302,051
Total noninterest income $587,554
Fiduciary activities $0
Service charges on deposit accounts $101
Trading account gains & fees $0
Additional noninterest income $587,453
Total noninterest expense $539,636
Salaries and employee benefits $2,638
Premises and equipment expense $149
Additional noninterest expense $536,849
Pre-tax net operating income $785,615
Securities gains (losses) $0
Applicable income taxes $278,352
Income before extraordinary items $507,263
Extraordinary gains - net $0
Net income attributable to bank $507,263
Net charge-offs $0
Cash dividends $507,263
Sale, conversion, retirement of capital stock, net $390,535
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets8.05%
Cost of funding earning assets 0.67%
Net interest margin 7.39%
Noninterest income to earning assets 4.17%
Noninterest expense to earning assets 3.83%
Net operating income to assets 3.52%
Return on assets (ROA) 3.52%
Pretax return on assets 5.46%
Return on equity (ROE) 15.58%
Retained earnings to average equity (YTD only) 15.58%
Net charge-offs to loans 2.73%
Credit loss provision to net charge-offs 77.34%
Efficiency ratio2.79%
Assets per employee$33,161
Cash dividends to net income (YTD only)1527.95%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 3.11%
Noncurrent assets plus other real estate owned to assets 363.30%
Noncurrent loans to loans 0.84%
Net loans and leases to deposits0.86%
Net loans and leases to core deposits 1982.41%
Equity capital to assets 32483.16%
Core capital (leverage) ratio 23.00%
Tier 1 risk-based capital ratio 24.13%
Total risk-based capital ratio 23.31%
Memoranda
Average assets$25
Average earning assets$14,392,348
Average equity $3,255,719
Average loans $14,078,445
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Bank Assets Sold and Securitized (December 31, 2009)
(Dollar figures in thousands)
Principal balance with servicing or other recourse retained
1-4 family residential loans $0
Home equity lines$0
Credit cards receivables$4,022,989
Auto loans$0
Other consumer loans$0
Commercial and industrial loans$0
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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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