First Independent Bank of Nevada

Headquarters

5335 Kietzke Lane
Reno, NV 89509
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.66% →
1-Year CD N.A. 0.67% →
2-Year CD N.A. 0.75% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

First Independent Bank of Nevada is an FDIC insured institution located in Reno, NV. It was founded in 1999 and has approximately $0.56 billion in assets.

FDIC Insured Yes
FDIC Certificate # 35202
Date Established 1999
Assets $ 558.77 million
Loans $ 367.93 million
Deposits $ 486.51 million
Capital $ 52.44 million
 

For a more detailed analysis of First Independent Bank of Nevada's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - April 11, 2021

Your Current Location: California, CA 92111

 

Loan Rates - April 11, 2021

Your Current Location: California, CA 92111

There are currently no loan rates available for First Independent Bank of Nevada

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - California 30 Year Fixed Mortgage Rates 2021

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NMLS ID: 2890
License#: 413-0477
2.775% 2.750% 0.38 $808 $1,021 Learn More
Infiniti Home Loans Inc.
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2.884% 2.750% 0.75 $4,368 $1,021 Learn More

Featured - California Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to First Independent Bank of Nevada
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Branches

First Independent Bank of Nevada branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
San Diego,California


First Independent Bank of Nevada Locations


Financial Details

First Independent Bank of Nevada Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Independent Bank of Nevada. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
First Independent Bank of Nevada U.S. Bank Average
36.04% 5.49%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2020, First Independent Bank of Nevada had $15,423,000 in non-current loans and $6,232,000 in owned real estate. To cover these potential losses it had $52,438,000 in equity and $7,641,000 in loans loss reserves. That gives it a Texas Ratio of 36.04%.

Return on Equity
First Independent Bank of Nevada U.S. Bank Average
6.64% 9.24%

First Independent Bank of Nevada has a Return on Equity of 6.64% versus the BestCashCow average of 9.24%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
First Independent Bank of Nevada U.S. Bank Average
9.38% 11.96%

First Independent Bank of Nevada has a Capitalization of 9.38% versus the BestCashCow average of 11.96. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

First Independent Bank of Nevada Balance Sheet Analysis

As of November 30, -0001, First Independent Bank of Nevada had assets of $558,774,000, loans of $367,928,000, and deposits of $486,505,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2020
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 367.93 million
Loan loss allowance $ 7.64 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 6.23 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 486.51 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 558.77 million

Summary Income Statement

December 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in First Independent Bank of Nevada’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, First Independent Bank of Nevada’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About First Independent Bank Of Nevada

Branches and Savings

Is First Independent Bank Of Nevada FDIC insured?

Yes. It is covered under FDIC Certificate #35202.

Why does First Independent Bank Of Nevada pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are First Independent Bank Of Nevada CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is First Independent Bank Of Nevada a commercial bank?

Yes

Where are First Independent Bank Of Nevada locations?

See branch locations nearby.

Is First Independent Bank Of Nevada open on Saturdays?

Is First Independent Bank Of Nevada open on Sundays?

What time does First Independent Bank Of Nevada open?

What time does First Independent Bank Of Nevada close?

Are First Independent Bank Of Nevada ATMs Open 24/7?

Do First Independent Bank Of Nevada ATMs accept cash deposits?

Can First Independent Bank Of Nevada customers use other ATMs?

Do First Independent Bank Of Nevada branches have notaries?

Will First Independent Bank Of Nevada notarize my document?

What address for First Independent Bank Of Nevada should I put for incoming ACH transfers?

Will the First Independent Bank Of Nevada branch print checks?

Do First Independent Bank Of Nevada checks expire?

Does First Independent Bank Of Nevada require US citizenship to open account?

Can First Independent Bank Of Nevada close my account?

Does First Independent Bank Of Nevada Report to credit bureaus?

Does First Independent Bank Of Nevada Use Equifax?

What is First Independent Bank Of Nevada's ACH Routing Number?

What is First Independent Bank Of Nevada's SWIFT code?

Products

Does First Independent Bank Of Nevada offer mortgages?

Compare mortgage rates here.

Does First Independent Bank Of Nevada offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Independent Bank Of Nevada offer personal loans?

Compare personal loan rates here.

Does First Independent Bank Of Nevada offer student loans?

Will First Independent Bank Of Nevada cash a check?

Will First Independent Bank Of Nevada redeem a savings bond?

Does First Independent Bank Of Nevada cash savings bonds?

Will First Independent Bank Of Nevada cash money orders?

Can First Independent Bank Of Nevada issue a money order?

Does First Independent Bank Of Nevada do currency exchange?

Background on The Bank

Who owns First Independent Bank Of Nevada?

How long has First Independent Bank Of Nevada been around?

Can First Independent Bank Of Nevada transfer to other banks?

Does First Independent Bank Of Nevada have quick pay?

Does First Independent Bank Of Nevada accept rolled coins?

Will First Independent Bank Of Nevada accept loose change?

Where is First Independent Bank Of Nevada headquarters?

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