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First Security Bank of Nevada has been named one of the Top 200 Banks in the US by the financial health analysts at DepositAccounts.com!

Their analysis for Q1 2021 rewarded First Security Bank of Nevada with an A+ rating; the highest health grade given out by DepositAccounts. Financial institutions are graded on a scale from F (worst) to A+ (healthiest). First Security Bank of Nevada was ranked #4 out of the 4,137 US banks analyzed. The grading is derived of the following components:

Capitalization A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. First Security Bank of Nevada has $321.88 million in assets with $57.9 million in equity, resulting in a capitalization level of 17.99%, which is excellent.

Deposit Growth A+

In the past year, First Security Bank of Nevada has increased its total non-brokered deposits by $97.74 million, resulting in 58.37% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth First Security Bank of Nevada has shown is excellent.

Texas Ratio A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2021 First Security Bank of Nevada had $0 in non-current loans and owned real-estate with $57.9 million in equity and loan loss allowances on hand to cover it. This gives First Security Bank of Nevada a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

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First Security Bank of Nevada named one of the Top 200 Banks in the US by the financial health analysts at DepositAccounts.com!

 

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