Failed Bank List

Closed Friday, February 26, 2010 · Carson City, Douglas County, Nevada

Carson River Community Bank

Carson River Community Bank failed four years after it opened in 2006. In the three years to the first quarter of 2009, its assets grew 342%. It lost money in every one of the four reporting years on file before it closed.

On the books, 2006 to 2009

Total assets and equity capital each quarter before closing, and the estimated lossTotal assetsEquity capitalEstimated loss$0$15M$30M$45M$60M200720082009Closed
Total assets peaked at $53.8 million and were 5% lower at the final report. Equity capital went from 75% of assets in the fourth quarter of 2006 to 1.7% at the last report. By then 19% of its loans were 90 days or more past due or no longer accruing interest. The deepest annual loss, $4.7 million, was booked in 2009.
Net income in each reporting year before closing, with equity capital as a share of assets at year endNet income per yearEquity to assets at year end−$6M2006: −$216 thousand200675%2007: −$933 thousand200726%2008: −$2.9 million200812%2009: −$4.7 million20091.7%

Size against the other 2010 failures

Total assets of the 157 banks that failed in 2010, log scale$1M$10M$100M$1B$10B$100B
Total assets of each 2010 failure, log scale; Carson River Community Bank in red.

By assets it ranked 143rd of the 157 failures in 2010. Within Nevada it ranks 12th by size of the 15 failures recorded since 1934. Across the failures of 2010, the median estimated loss came to 21% of assets. In the size ranking of that year, just above it was BC National Banks of Butler, Missouri ($52.2 million, loss 17% of assets); just below, Lakeside Community Bank of Sterling Heights, Michigan ($49.2 million, loss 43% of assets). Every 2010 failure in the explorer.

The only other bank closed that day was Rainier Pacific Bank of Tacoma, Washington.

Failures in Nevada

It was one of four banks in Nevada to fail in 2010. The previous failure there was Community Bank of Nevada of Las Vegas, on August 14, 2009. The next was Sun West Bank of Las Vegas, on May 28, 2010. Douglas County has 2 failed banks on FDIC record since 1934. The other: Sierra Savings and Loan Association (1987).

Bank failures in Nevada per year, 1980 to 2026012341983: 11987: 11990: 12008: 32009: 32010: 42011: 12013: 119801990200020102020
Per year since 1980, 2010 in red. Every Nevada failure

FDIC certificate 58352 · loss estimate as of July 31, 2026 · How to read this page