Bank of Commerce in Greenwood, Mississippi (MS)
| Bank of Commerce | |
|---|---|
| General | FDIC Certificate #: 9359 Status: Active Federal Reserve ID: 99442 Bank Holding Company (Regulatory Top Holder): Commerce Bancorp, Inc (RSSDID: 2770660, Location: Greenwood, MS) Date Established: August 04, 1904 WWW: http://www.bankcom.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Domestic: 5, Interstate: No) FDIC's unique #: 6008 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: All Other Specialization < 1 Billion Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012 |
| Location | Address: 310 Howard Street, Greenwood, MS 38930 County: Leflore Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Jackson Ms Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: West Core Based Statistical Area (CBSA): Greenwood, MS (#24900) CBSA Micro Statistical Area: Yes |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $247.1 mil Equity capital: $22.5 mil Deposits held in domestic offices: $196.6 mil Return on assets (ROA): 1.28% ($3.2 mil) Quarterly return on assets: 0.88% ($2.2 mil) Return on Equity (ROE): 13.76% ($3.2 mil) Quarterly return on equity: 9.57% ($2.2 mil) Net income: $2.9 mil Quarterly Net income: $0.5 mil Pretax return on assets: 1.78% ($4,398.7 mil) Quarterly Pretax return on assets: 1.13% ($2,792.4 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 37 |
| Total assets | $247,116 |
| Cash and due from depository institutions | $5,603 |
| Interest-bearing balances | $88 |
| Securities | $65,408 |
| Federal funds sold & reverse repurchase agreements | $12,000 |
| Net loans & leases | $148,342 |
| Loan loss allowance | $1,742 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $4,588 |
| Other real estate owned | $369 |
| Goodwill and other intangibles | $0 |
| All other assets | $10,806 |
| Life insurance assets | $247,116 |
| Total liabilities and capital | $224,611 |
| Total liabilities | $196,594 |
| Total deposits | $173,612 |
| Interest-bearing deposits | $196,594 |
| Deposits held in domestic offices | $67 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $25,860 |
| Other borrowed funds | $0 |
| Subordinated debt | $2,157 |
| All other liabilities | $22,505 |
| Total equity capital | $22,505 |
| Total bank equity capital | $22,505 |
| Perpetual preferred stock | $0 |
| Common stock | $541 |
| Surplus | $9,812 |
| Undivided profits | $12,152 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $2,037 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $2,450 |
| Average Assets, year-to-date | $225,838 |
| Average Assets, quarterly | $65,282 |
| Volatile liabilities | $228,749 |
| Insider loans | $243,221 |
| FHLB advances | $164,801 |
| Loans and leases held for sale | $247,970 |
| Unused loan commitments | $6,062 |
| Tier 1 (core) risk-based capital | $4,121 |
| Tier 2 risk-based capital | $21,503 |
| Total risk weighted assets | $1,941 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $20,768 |
| Derivatives | $5,245 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $11,379 |
| Total interest expense | $2,329 |
| Net interest income | $9,050 |
| Provision for loan and lease losses | $650 |
| Total noninterest income | $783 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $549 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $234 |
| Total noninterest expense | $5,123 |
| Salaries and employee benefits | $3,511 |
| Premises and equipment expense | $712 |
| Additional noninterest expense | $900 |
| Pre-tax net operating income | $4,060 |
| Securities gains (losses) | $3 |
| Applicable income taxes | $1,139 |
| Income before extraordinary items | $2,924 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $2,924 |
| Net charge-offs | $0 |
| Cash dividends | $2,924 |
| Sale, conversion, retirement of capital stock, net | $314 |
| Net operating income | $1,676 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.48% |
| Cost of funding earning assets | 1.12% |
| Net interest margin | 4.36% |
| Noninterest income to earning assets | 0.38% |
| Noninterest expense to earning assets | 2.47% |
| Net operating income to assets | 1.28% |
| Return on assets (ROA) | 1.28% |
| Pretax return on assets | 1.78% |
| Return on equity (ROE) | 13.76% |
| Retained earnings to average equity (YTD only) | 5.87% |
| Net charge-offs to loans | 0.22% |
| Credit loss provision to net charge-offs | 207.01% |
| Efficiency ratio | 15.00% |
| Assets per employee | $52,100 |
| Cash dividends to net income (YTD only) | 6.68% |
| Condition Ratios (%) | |
| Loss allowance to loans | 57.32% |
| Loss allowance to noncurrent loans | 1.16% |
| Noncurrent assets plus other real estate owned to assets | 85.52% |
| Noncurrent loans to loans | 0.97% |
| Net loans and leases to deposits | 1.36% |
| Net loans and leases to core deposits | 75.46% |
| Equity capital to assets | 92.52% |
| Core capital (leverage) ratio | 9.11% |
| Tier 1 risk-based capital ratio | 8.67% |
| Total risk-based capital ratio | 13.05% |
| Memoranda | |
| Average assets | $14 |
| Average earning assets | $228,749 |
| Average equity | $21,253 |
| Average loans | $207,764 |
| Total Fiduciary and Related Assets (December 31, 2009) (Dollar figures in thousands) | |
| Total fiduciary and related assets | $1 |
| Number of Fiduciary Accounts and Related Asset Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $9,363 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $7,823 |
| Employee benefit-defined contribution accounts | $3,921 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $3,902 |
| Corporate trust and agency accounts | $0 |
| Investment management agency accounts | $0 |
| Other fiduciary accounts | $0 |
| Fiduciary accounts held in foreign offices | $0 |
| Non-managed Assets | $0 |
| Number of Accounts | 20 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $0 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $1,540 |
| Corporate trust and agency accounts | $0 |
| Other fiduciary accounts | $0 |
| Fiduciary accounts held in foreign offices | $1,540 |
| 5 Mississippi Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 6008 | Bank Of Commerce | 310 Howard Street, Greenwood, MS 38930 | August 04, 1904 | Full Service Brick and Mortar |  |
| 1 | 219956 | Main Street Branch | 401 Main Street, Greenwood, MS 38930 | Febuary 06, 1974 | Limited Service Facility |  |
| 2 | 219957 | Park Avenue Branch | 815 West Park Avenue, Greenwood, MS 38930 | November 02, 1981 | Full Service Brick and Mortar | |
| 3 | 441150 | Bank Of Commerce Loan Production Off | 309 Lamar Street, Oxford, MS 38655 | May 18, 2005 | Limited Service Loan Production | |
| 4 | 457263 | Oxford Branch | 1610 West Jackson Avenue, Oxford, MS 38655 | December 18, 2006 | Full Service Brick and Mortar | |
User Contributions:
Comment about this bank, ask questions, or add new information about it:
Based on public records. Inadvertent errors are possible.
Faqs.org does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Faqs.org does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.