Commerce Bank in Bloomington, Illinois (IL)
Table of contents:
| Commerce Bank | |
|---|---|
| General | FDIC Certificate #: 901 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution: Commerce Bank, National Association (#3726) Federal Reserve ID: 393739 Date Established: March 04, 1869 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 6 (Interstate: No) OTS Docket #: 10636 FDIC's unique #: 579 Numeric code: 13 Regulator: FED Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: May 10, 1996 Last Structure Change Process Date: May 15, 1996 Last Data Update: May 15, 1996 Data Source Date: April 05, 2012 |
| Location | Address: 120 North Center Street, Bloomington, IL 61701 County: Mclean Quarterly Banking Profile Region: Chicago FDIC Geographic Region: Chicago FDIC Supervisory Region: Chicago FDIC Field Office: Champaign Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: Central Metropolitan Statistical Area (MSA): Bloomington-Normal, IL (#1040) Core Based Statistical Area (CBSA): Bloomington-Normal, IL (#14060) CBSA Metro Statistical Area: Bloomington-Normal, IL (#14060) |
| Financial Summary | Total assets: $438.9 mil |
| Assets and Liabilities (December 31, 1995) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 0 |
| Total assets | $151 |
| Cash and due from depository institutions | $441,433 |
| Interest-bearing balances | $44,326 |
| Securities | $100 |
| Federal funds sold & reverse repurchase agreements | $137,177 |
| Net loans & leases | $42,000 |
| Loan loss allowance | $205,896 |
| Trading account assets | $3,816 |
| Bank premises and fixed assets | $0 |
| Other real estate owned | $5,437 |
| Goodwill and other intangibles | $0 |
| All other assets | $0 |
| Life insurance assets | $6,597 |
| Total liabilities and capital | $0 |
| Total liabilities | $441,433 |
| Total deposits | $398,859 |
| Interest-bearing deposits | $321,467 |
| Deposits held in domestic offices | $223,043 |
| % insured (estimated) | 321467.00% |
| Federal funds purchased & repurchase agreements | $76 |
| Trading liabilities | $66,195 |
| Other borrowed funds | $0 |
| Subordinated debt | $4,766 |
| All other liabilities | $0 |
| Total equity capital | $6,431 |
| Total bank equity capital | $6,431 |
| Perpetual preferred stock | $42,574 |
| Common stock | $0 |
| Surplus | $2,324 |
| Undivided profits | $27,676 |
| Memoranda | |
| Noncurrent loans and leases | $12,574 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $2,135 |
| Earning assets | $2,417 |
| Long-term assets (5+ years) | $385,173 |
| Average Assets, year-to-date | $56,427 |
| Average Assets, quarterly | $443,873 |
| Volatile liabilities | $445,508 |
| Insider loans | $91,080 |
| FHLB advances | $15,820 |
| Loans and leases held for sale | $0 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $40,563 |
| Tier 2 risk-based capital | $0 |
| Total risk weighted assets | $40,248 |
| Total unused commitments | $237,848 |
| Restructured Loans and leases | $0 |
| Derivatives | $0 |
| Income and Expense (December 31, 1995) (Dollar figures in thousands) | |
| Total interest income | $0 |
| Total interest expense | $28,888 |
| Net interest income | $13,483 |
| Provision for loan and lease losses | $15,405 |
| Total noninterest income | $800 |
| Fiduciary activities | $4,237 |
| Service charges on deposit accounts | $1,781 |
| Trading account gains & fees | $974 |
| Additional noninterest income | $0 |
| Total noninterest expense | $1,482 |
| Salaries and employee benefits | $10,523 |
| Premises and equipment expense | $4,902 |
| Additional noninterest expense | $1,335 |
| Pre-tax net operating income | $4,286 |
| Securities gains (losses) | $8,319 |
| Applicable income taxes | -$1,750 |
| Income before extraordinary items | $1,296 |
| Extraordinary gains - net | $5,273 |
| Net income attributable to bank | $0 |
| Net charge-offs | $5,273 |
| Cash dividends | $54 |
| Sale, conversion, retirement of capital stock, net | $14,648 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 1995) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 0.00% |
| Cost of funding earning assets | 7.34% |
| Net interest margin | 3.42% |
| Noninterest income to earning assets | 3.91% |
| Noninterest expense to earning assets | 1.08% |
| Net operating income to assets | 2.67% |
| Return on assets (ROA) | 1.50% |
| Pretax return on assets | 1.19% |
| Return on equity (ROE) | 1.48% |
| Retained earnings to average equity (YTD only) | 12.14% |
| Net charge-offs to loans | -21.59% |
| Credit loss provision to net charge-offs | 0.02% |
| Efficiency ratio | 1481.48% |
| Assets per employee | $53,574 |
| Cash dividends to net income (YTD only) | 2.92% |
| Condition Ratios (%) | |
| Loss allowance to loans | 277.79% |
| Loss allowance to noncurrent loans | 1.82% |
| Noncurrent assets plus other real estate owned to assets | 178.74% |
| Noncurrent loans to loans | 0.48% |
| Net loans and leases to deposits | 1.02% |
| Net loans and leases to core deposits | 64.05% |
| Equity capital to assets | 68.32% |
| Core capital (leverage) ratio | 9.64% |
| Tier 1 risk-based capital ratio | 9.06% |
| Total risk-based capital ratio | 16.92% |
| Memoranda | |
| Average assets | $18 |
| Average earning assets | $443,873 |
| Average equity | $43,423 |
| Average loans | $393,704 |
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