Commerce Bank in Aurora, Colorado (CO)
Table of contents:
| Commerce Bank | |
|---|---|
| General | FDIC Certificate #: 22268 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution: Commerce Bank (#24998) Federal Reserve ID: 884554 Date Established: May 10, 1976 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 13433 FDIC's unique #: 15480 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: May 10, 1976 Last Structure Change Effective Date: July 02, 2007 Last Structure Change Process Date: July 09, 2007 Last Data Update: July 09, 2007 Data Source Date: April 05, 2012 |
| Location | Address: 15305 East Colfax Avenue, Aurora, CO 80011 County: Adams Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Denver Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): Denver, CO (#2080) Consolidated Metropolitan Statistical Area (CMSA): Denver-Boulder-Greeley, CO (#34) Combined Statistical Area (CSA): Denver-Aurora-Boulder, CO (#216) Core Based Statistical Area (CBSA): Denver-Aurora-Broomfield, CO (#19740) CBSA Metro Statistical Area: Denver-Aurora-Broomfield, CO (#19740) |
| Financial Summary | Total assets: $102.3 mil |
| Assets and Liabilities (December 31, 2006) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 37 |
| Total assets | $96,797 |
| Cash and due from depository institutions | $1,961 |
| Interest-bearing balances | $26 |
| Securities | $23,369 |
| Federal funds sold & reverse repurchase agreements | $135 |
| Net loans & leases | $69,403 |
| Loan loss allowance | $628 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $496 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $1,433 |
| Life insurance assets | $50 |
| Total liabilities and capital | $96,797 |
| Total liabilities | $87,996 |
| Total deposits | $75,484 |
| Interest-bearing deposits | $53,512 |
| Deposits held in domestic offices | $75,484 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $12,224 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $288 |
| Total equity capital | $8,801 |
| Total bank equity capital | $8,801 |
| Perpetual preferred stock | $8,801 |
| Common stock | $0 |
| Surplus | $500 |
| Undivided profits | $1,633 |
| Memoranda | |
| Noncurrent loans and leases | $6,668 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $18,484 |
| Income earned, not collected on loans | $0 |
| Earning assets | $168 |
| Long-term assets (5+ years) | $0 |
| Average Assets, year-to-date | $542 |
| Average Assets, quarterly | $92,933 |
| Volatile liabilities | $3,037 |
| Insider loans | $95,286 |
| FHLB advances | $95,962 |
| Loans and leases held for sale | $17,941 |
| Unused loan commitments | $1,485 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $0 |
| Total risk weighted assets | $0 |
| Total unused commitments | $18,484 |
| Restructured Loans and leases | $0 |
| Derivatives | $628 |
| Income and Expense (December 31, 2006) (Dollar figures in thousands) | |
| Total interest income | $6,866 |
| Total interest expense | $1,214 |
| Net interest income | $5,652 |
| Provision for loan and lease losses | $56 |
| Total noninterest income | $769 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $462 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $307 |
| Total noninterest expense | $3,818 |
| Salaries and employee benefits | $1,904 |
| Premises and equipment expense | $847 |
| Additional noninterest expense | $1,067 |
| Pre-tax net operating income | $2,547 |
| Securities gains (losses) | $0 |
| Applicable income taxes | -$4 |
| Income before extraordinary items | $2,551 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $2,551 |
| Net charge-offs | $0 |
| Cash dividends | $0 |
| Sale, conversion, retirement of capital stock, net | $4 |
| Net operating income | $2,409 |
| Performance and Condition Ratios (December 31, 2006) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 7.64% |
| Cost of funding earning assets | 1.35% |
| Net interest margin | 6.29% |
| Noninterest income to earning assets | 0.86% |
| Noninterest expense to earning assets | 4.25% |
| Net operating income to assets | 2.68% |
| Return on assets (ROA) | 2.68% |
| Pretax return on assets | 2.67% |
| Return on equity (ROE) | 29.76% |
| Retained earnings to average equity (YTD only) | 1.66% |
| Net charge-offs to loans | 0.01% |
| Credit loss provision to net charge-offs | 1400.00% |
| Efficiency ratio | 650.75% |
| Assets per employee | $59,461 |
| Cash dividends to net income (YTD only) | 2.62% |
| Condition Ratios (%) | |
| Loss allowance to loans | 94.43% |
| Loss allowance to noncurrent loans | 0.90% |
| Noncurrent assets plus other real estate owned to assets | 373.81% |
| Noncurrent loans to loans | 0.17% |
| Net loans and leases to deposits | 0.24% |
| Net loans and leases to core deposits | 91.94% |
| Equity capital to assets | 99.48% |
| Core capital (leverage) ratio | 9.09% |
| Tier 1 risk-based capital ratio | 9.25% |
| Total risk-based capital ratio | 12.14% |
| Memoranda | |
| Average assets | $13 |
| Average earning assets | $95,286 |
| Average equity | $8,572 |
| Average loans | $89,906 |
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