PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Bank of Nevada

Las Vegas, NV · Cert 57035

FDIC

Q1 2006

$253.4MAssets
$203.0MLoans
$222.9MDeposits
$27.0MEquity
Loan mix
26%RE $9.1M74%C&I $26.2M0%Consumer $0.1MQ1 2005Q1 2006
Deposit mix
77%Interest-bearing $170.9M23%Noninterest $52.0MQ1 2005Q1 2006

NIM

6.25%Q1 ’046.22%Q1 ’057.20%Q1 ’06+4%+1%

Non-interest income vs. expense

2.99%Q1 ’042.84%Q1 ’053.49%Q1 ’06-7%+26%

Executive Summary

  • Earnings: ROA of 1.83%, up 34 bps year over year; NIM at 5.19%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.16%.
  • Funding: loans stand at 91.05% of deposits as of Q1 2006.

Financial Results

Return on Assets (quarter, annualized)

1.83%+34 bps YoY

Net Interest Margin (quarter, annualized)

5.19%+5 bps YoY

Efficiency Ratio (quarter, annualized)

65.08%+1,273 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2005Q2 2005Q3 2005Q4 2005Q1 2006YoY ΔTrend
Earnings
Return on Assets1.49%1.64%1.56%1.93%1.83%+34 bps
Return on Equity16.03%17.99%17.67%21.70%18.70%+268 bps
Net Interest Margin5.13%5.31%5.01%5.15%5.19%+5 bps
Efficiency Ratio52.35%46.60%45.83%45.07%65.08%+1,273 bps
Non-Interest Burden2.64%2.41%2.23%2.26%3.32%+68 bps
Growth
Asset Growth (YoY)22.16%25.56%25.29%21.72%6.20%-1,596 bps
Loan Growth (YoY)25.06%36.75%29.11%29.74%8.20%-1,685 bps
Deposit Growth (YoY)23.12%22.50%25.98%21.84%3.99%-1,913 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.25%0.00%0.35%0.01%-0.16%+9 bps
Allowance / Loans1.25%1.27%1.29%1.29%1.12%-13 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital10.45%10.23%10.17%10.74%11.94%+149 bps
Equity / Assets9.32%8.95%8.71%9.04%10.66%+134 bps
Liquidity & Funding
Loans / Deposits87.51%89.66%84.10%85.47%91.05%+355 bps
Liquid Assets / Assets1.54%0.04%1.14%1.34%0.00%-154 bps
CRE / Total Capitaln/an/an/an/an/an/an/a