In 2002, there were 36 insured banks in Nevada, with total assets of $39 billion. Twenty-seven of these banks were state-chartered.

During 2001 and 2002, close to 9 of every 1,000 people in Nevada filed for personal bankruptcy, a significantly higher percentage than the rest of the nation. Nevada's insured banks reported weak earnings through third quarter 2002, due in large measure to a high proportion (70%) of newly-chartered institutions (less than nine years old).