Valley Bank of Nevada in North Las Vegas, Nevada (NV)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Valley Bank of Nevada in North Las Vegas, Nevada (NV)
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Valley Bank of Nevada - Overview

  • General
  • FDIC Certificate #: 57933
    Status: Active
    Federal Reserve ID: 3370357
    Date Established: August 01, 2005
    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 #: 431782
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: August 01, 2005
    Last Structure Change Effective Date: April 06, 2011
    Last Structure Change Process Date: September 29, 2011
    Last Data Update: September 29, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 6385 Simmons Street, North Las Vegas, NV 89031
    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)
  • History of Changes
  • Name Change
  • Financial Summary
  • Total assets: $83.4 mil
    Equity capital: $6.4 mil
    Deposits held in domestic offices: $76.8 mil
    Return on assets (ROA): -2.86% (-$2.4 mil)
    Quarterly return on assets: -3.71% (-$3.1 mil)
    Return on Equity (ROE): -33.62% (-$2.0 mil)
    Quarterly return on equity: -45.12% (-$2.7 mil)
    Net income: -$2.4 mil
    Quarterly Net income: -$0.8 mil
    Pretax return on assets: -2.86% (-$2,385.6 mil)
    Quarterly Pretax return on assets: -3.71% (-$3,094.6 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
  • 15Total employees (full-time equivalent)
  • $83,412Total assets
  • $15,633Cash and due from depository institutions
  • $14,043Interest-bearing balances
  • $5,517Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $49,854Net loans & leases
  • $2,499Loan loss allowance
  • $0Trading account assets
  • $3,049Bank premises and fixed assets
  • $8,527Other real estate owned
  • $0Goodwill and other intangibles
  • $83,412Life insurance assets
  • $832All other assets
  • $76,999Total liabilities and capital
  • $76,804Total liabilities
  • $65,193Total deposits
  • $76,804Interest-bearing deposits
  • $82Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $195Subordinated debt
  • $6,413All other liabilities
  • $6,413Total equity capital
  • $6,413Total bank equity capital
  • $0Perpetual preferred stock
  • $24Common stock
  • $21,111Surplus
  • $-14,722Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,927Income earned, not collected on loans
  • $0Earning assets
  • $190Long-term assets (5+ years)
  • $69,414Average Assets, year-to-date
  • $17,337Average Assets, quarterly
  • $83,476Volatile liabilities
  • $82,658Insider loans
  • $61,773FHLB advances
  • $84,197Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,402Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,593Restructured Loans and leases
  • $862Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,886Total interest income
  • $750Total interest expense
  • $2,136Net interest income
  • $313Provision for loan and lease losses
  • -$1,134Total noninterest income
  • $0Fiduciary activities
  • $33Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$1,167Additional noninterest income
  • $3,080Total noninterest expense
  • $1,383Salaries and employee benefits
  • $258Premises and equipment expense
  • $1,439Additional noninterest expense
  • -$2,391Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$2,391Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,391Net income attributable to bank
  • $0Net charge-offs
  • -$2,391Cash dividends
  • $567Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.25%Yield on earning assets
  • 1.10%Cost of funding earning assets
  • 3.15%Net interest margin
  • -1.67%Noninterest income to earning assets
  • 4.54%Noninterest expense to earning assets
  • -2.86%Net operating income to assets
  • -2.86%Return on assets (ROA)
  • -2.86%Pretax return on assets
  • -33.62%Return on equity (ROE)
  • -33.62%Retained earnings to average equity (YTD only)
  • 1.08%Net charge-offs to loans
  • 55.20%Credit loss provision to net charge-offs
  • -3.66%Efficiency ratio
  • 307,385Assets per employee
  • 5.56%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.77%Loss allowance to noncurrent loans
  • 129.68%Noncurrent assets plus other real estate owned to assets
  • 12.53%Noncurrent loans to loans
  • 3.68%Net loans and leases to deposits
  • 64.91%Net loans and leases to core deposits
  • 86.75%Equity capital to assets
  • 7.69%Core capital (leverage) ratio
  • 7.60%Tier 1 risk-based capital ratio
  • 10.36%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $83,476Average earning assets
  • $7,113Average equity
  • $67,888Average loans

List of branches

  • 1 Nevada Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0431782Valley Bank Of Nevada6385 Simmons Street, North Las Vegas, NV 89031August 01, 2005Full Service Brick and Mortar

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