USAA Savings Bank in Las Vegas, Nevada (NV)
| USAA Savings Bank | |
|---|---|
| General | FDIC 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 |
| 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) |
| 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 |
| 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 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 8.05% |
| 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 ratio | 2.79% |
| 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 deposits | 0.86% |
| 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 |
| 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 |
| 1 Nevada Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 57110 | Usaa Savings Bank | 3773 Howard Hughes Parkway, #190n, Las Vegas, NV 89109 | September 27, 1996 | Full Service Brick and Mortar |  |
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