First Security Bank of Nevada
First Security Bank of Nevada is headquartered in LAS VEGAS and is the 10th largest bank in the state of Nevada. It is also the 2,586th largest bank in the nation. It was established in 2007 and as of December of 2024, it had grown to 22 employees at 2 locations. First Security Bank of Nevada has a B+ health rating.
VERY Suspect….
As an analyst, I found evidence of fraud running throughout the company when I worked there. At the highest level. CCO acted as her own broker and was getting kickbacks each time for $15,000 along with ‘expensing’ $100 gift cards for staff at Xmas (who NEVER received any gift cards). When it was made clear who and what was going on ...the people responsible were quietly moved on (across the road to Bank of George). They were bank rolling drug money for years too…although that has ceased now. Lavish lifestyles and mysterious Middle Eastern connections spell danger.
VERY UNTRUSTWORTHY. IN MY OPINION - HIGHLY UNETHICAL MOB.
Data as of Q4 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 58443 |
| Year Established | 2007 |
| Employees | 22 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.93% |
| Return on Equity - YTD | 7.29% |
| Annual Interest Income | $14.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $281.3MM$256.1MM |
| Loans | Q4 2024vs Q4 2023 | $191.5MM$180.2MM |
| Deposits | Q4 2024vs Q4 2023 | $204.1MM$184.3MM |
| Equity Capital | Q4 2024vs Q4 2023 | $75.1MM$69.3MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $2.5MM$2.4MM |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $7.6MM$0 |
| Real Estate Owned | Q4 2024vs Q4 2023 | $0$0 |