Silver State Bank
Henderson, NV — Non-member Bank
Acquired Sep 2008
Vitals
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Total Assets2.0B 49.9 %
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Total Deposits1.7B 58.0 %
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Total Net Loans1.6B 32.1 %
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Net Income
-
Book Value134.5M -0.3 %
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Book Value x2269.0M -0.3 %
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Book Value x3403.5M -0.3 %
Balance Sheet Highlights
| Financial Highlights | Silver State Bank | All Insured Commercial Banks in Nevada |
| Balance Sheet $(000) | ||
| Total Assets | 1,957,120 | 711,310 |
| Total Net Loans | 1,560,241 | 20,624,796 |
| Total Deposits | 1,733,091 | 469,431 |
| Total Equity | 134,516 | 148,723 |
| Profitability | ||
| Net Income | — | 14,420 |
| Return on Average Assets | — | 4.386 |
| Return on Average Equity | — | 16.785 |
| Net Interest Margin | 3.705 | 4.335 |
| Efficiency Ratio | 115.464 | 130.536 |
| Noninterest Income/Revenue | 4.692 | 82.963 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 90.027 | 109.062 |
| Securities/Assets | .026 | 7.246 |
| Total Equity/Total Assets | .069 | .209 |
| Tangible Equity/Tangible Assets | .068 | -4.515 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 133,793 | 118,645 |
| Tier 2 Capital | 22,792 | 1,337,917 |
| Total Capital | 156,585 | 130,943 |
| Total Risk Weighted Assets | 1,767,023 | 611,509 |
| Leverage Ratio | 6.56 | 22.027 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 7.57 | 27.961 |
| Total Capital Ratio | 8.86 | 29.273 |
Timeline for Silver State Bank
Silver State Bank was acquired by 15 years
Sep 06 2008
Nevada State Bank
Silver State Bank was acquired by Nevada State Bank 15 years
View Profile Sep 06 2008
Choice Bank
Acquisition: Silver State Bank acquired a new subsidiary, Choice Bank, 16 years
View Profile Apr 01 2008
Silver State Home Financial, Llc
Silver State Home Financial, Llc became a new subsidiary organization for Silver State Bank.
View Profile Jan 01 2005
Silver State Money Center, Llc
Silver State Money Center, Llc became a new subsidiary organization for Silver State Bank.
View Profile Jan 01 2005
| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Nevada State Bank | Buyer | 4,340,636 | Failure | 9/6/2008 | |
| Choice Bank | Seller | 287,610 | Pooling of Interests | Discontinued | 4/1/2008 |
| Relationships | Role | Relationship Start | Relationship End |
| Silver State Bancorp | Parent | 12/1/1999 | 9/5/2008 |
| Silver State Home Financial, Llc | Subsidary | 1/1/2005 | 4/29/2006 |
| Silver State Money Center, Llc | Subsidary | 1/1/2005 | 4/27/2006 |
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