State Profile Nevada

Fourth Quarter 2023

ECONOMIC INDICATORS (NOT SEASONALLY ADJUSTED, UNLESS NOTED)

Q4-23 Q3-23 Q4-22 2023 2022

3.5% 2.6% 5.2% 3.4% 8.3%

Employment Growth Rates (% change from year ago, unless noted)

Total Nonfarm (share of trailing four quarter employment in parentheses)

Manufacturing

Other (non-manufacturing) Goods-Producing

Private Service-Providing

Government

Unemployment Rate (% of labor force, seasonally adjusted)

(4%)

(8%)

(76%)

(12%)

2.5%

5.8%

2.9%

6.7%

5.3%

0.6%

3.1%

2.1%

5.9%

5.1%

5.1%

9.1%

4.9%

4.6%

5.3%

2.0%

5.1%

2.8%

6.4%

5.1%

8.1%

7.5%

9.3%

2.7%

5.2%

Other Indicators (% change of 4-qtr moving total, unless noted) Q4-23 2023 2022

Single-Family Home Permits

Multifamily Building Permits

Home Price Index (change from year ago)

Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)

4.4%

-30.5%

1.4%

N/A

-19.6%

-36.0%

-1.1%

2.28

-22.4%

6.7%

8.4%

1.58

4.4%

-30.5%

-0.1%

N/A

-22.4%

6.7%

18.2%

1.67

BANKING TRENDS

General Information Q4-23 Q3-23 Q4-22 2023 2022

Institutions (#) 16 16 16 16 16

Total Assets (in millions) $51,838 $54,549 $58,746 $51,838 $58,746

New Institutions (# < 3 years) 0 0 0 0 0

Subchapter S Institutions (#) 4 4 4 4 4

Asset Quality Q4-23 Q3-23 Q4-22 2023 2022

Past-Due and Nonaccrual Loans / Total Loans (median %) 0.39 0.35 0.26 0.39 0.26

Noncurrent Loans / Total Loans (median %) 0.02 0.00 0.06 0.02 0.06

Loan and Lease Allowance / Total Loans (median %) 1.34 1.32 1.32 1.34 1.32

Loan and Lease Allowance / Noncurrent Loans (median multiple) 2.89 4.28 2.08 2.89 2.08

Net Loan Losses / Total Loans (median %, year-to-date annualized) 0.01 0.00 0.00 0.01 0.00

Capital / Earnings (year-to-date annualized, unless noted) Q4-23 Q3-23 Q4-22 2023 2022

Tier 1 Leverage (median %, end of period) 14.15 15.13 12.93 14.15 12.93

Return on Assets (median %) 1.50 1.95 1.46 1.50 1.46

Pretax Return on Assets (median %) 1.67 2.04 1.46 1.67 1.46

Net Interest Margin (median %) 4.32 4.30 3.23 4.32 3.23

Yield on Earning Assets (median %) 5.09 5.00 3.61 5.09 3.61

Cost of Funding Earning Assets (median %) 1.21 1.09 0.27 1.21 0.27

Provisions to Avg. Assets (median %) 0.03 0.07 0.01 0.03 0.01

Noninterest Income to Avg. Assets (median %) 0.44 0.40 0.60 0.44 0.60

Overhead to Avg. Assets (median %) 2.64 2.67 2.53 2.64 2.53

Liquidity / Sensitivity Q4-23 Q3-23 2023

Net Loans to Assets (median %) 55.84 56.41 53.88 55.84 53.88

Noncore Funding to Assets (median %) 8.78 8.21 3.93 8.78 3.93

Long-term Assets to Assets (median %, call filers) 22.60 22.83 24.80 22.60 24.80

Brokered Deposits (number of institutions) 9 8 6 9 6

Brokered Deposits to Assets (median % for those above) 5.79 7.70 29.72 5.79 29.72

Loan Concentrations

(median % of Tier 1 Capital plus the Reserve for Loan and Lease Losses) Q4-23 Q3-23 Q4-22 2023 2022

Commercial and Industrial 49 41 34 49 34

Commercial Real Estate 126 126 124 126 124

Construction & Development 5 4 2 5 2

Multifamily Residential Real Estate 0 0 0 0 0

Nonresidential Real Estate 106 107 115 106 115

Residential Real Estate 10 10 12 10 12

Consumer 0 0 0 0 0

Agriculture 0 0 0 0 0

BANKING PROFILE

Asset Distribution

< $100 million 0 (0.0%)

Institutions in Market

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Las Vegas-Henderson-Paradise, NV 41 $97,625

Largest Deposit Markets (from 2023 Summary of Deposits) Deposits ($ millions) Institutions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposits ($ millions) Per

Employment Growth Rates (% change from year ago, unless noted)

Total Nonfarm (share of trailing four quarter employment in parentheses)

Manufacturing

Other (non-manufacturing) Goods-Producing

Private Service-Providing

Government

Unemployment Rate (% of labor force, seasonally adjusted)

Q3-23 Q4-22

Q4-22 2022

Reno, NV 17 $13,446 $100 million to $250 million 5 (31.3%)

Carson City, NV 8 $1,510 $250 million to $1 billion 4 (25.0%)

$1 billion to $10 billion 5 (31.3%)

$10 billion 2 (12.5%)