Commerce Bank, National Association in Wichita, Kansas (KS)
Table of contents:
| Commerce Bank, National Association | |
|---|---|
| General | FDIC Certificate #: 10911 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution: Commerce Bank (#24998) Federal Reserve ID: 500050 Date Established: July 08, 1916 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 28 (Interstate: No) OTS Docket #: 14492 FDIC's unique #: 6987 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: October 01, 2008 Last Structure Change Process Date: October 31, 2008 Last Data Update: October 31, 2008 Data Source Date: April 05, 2012 |
| Location | Address: 1551 North Waterfront Parkway, Wichita, KS 67206 County: Sedgwick Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Wichita Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): Wichita, KS (#9040) Combined Statistical Area (CSA): Wichita-Winfield, KS (#556) Core Based Statistical Area (CBSA): Wichita, KS (#48620) CBSA Metro Statistical Area: Wichita, KS (#48620) |
| Financial Summary | Total assets: $1,211.8 mil |
| Assets and Liabilities (December 31, 2007) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 261 |
| Total assets | $1,290,620 |
| Cash and due from depository institutions | $50,797 |
| Interest-bearing balances | $217 |
| Securities | $411,018 |
| Federal funds sold & reverse repurchase agreements | $105,000 |
| Net loans & leases | $647,797 |
| Loan loss allowance | $10,031 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $34,561 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $24,222 |
| All other assets | $17,225 |
| Life insurance assets | $0 |
| Total liabilities and capital | $1,290,620 |
| Total liabilities | $1,180,613 |
| Total deposits | $1,046,602 |
| Interest-bearing deposits | $960,098 |
| Deposits held in domestic offices | $1,046,602 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $122,392 |
| Trading liabilities | $0 |
| Other borrowed funds | $72 |
| Subordinated debt | $0 |
| All other liabilities | $11,547 |
| Total equity capital | $110,007 |
| Total bank equity capital | $110,007 |
| Perpetual preferred stock | $110,007 |
| Common stock | $0 |
| Surplus | $6,000 |
| Undivided profits | $100,833 |
| Memoranda | |
| Noncurrent loans and leases | $3,174 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $329,527 |
| Income earned, not collected on loans | $0 |
| Earning assets | $1,317 |
| Long-term assets (5+ years) | $0 |
| Average Assets, year-to-date | $5,804 |
| Average Assets, quarterly | $1,164,032 |
| Volatile liabilities | $339,992 |
| Insider loans | $1,272,927 |
| FHLB advances | $1,281,922 |
| Loans and leases held for sale | $367,793 |
| Unused loan commitments | $36 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $738 |
| Total risk weighted assets | $361 |
| Total unused commitments | $329,527 |
| Restructured Loans and leases | $0 |
| Derivatives | $9,966 |
| Income and Expense (December 31, 2007) (Dollar figures in thousands) | |
| Total interest income | $70,638 |
| Total interest expense | $35,450 |
| Net interest income | $35,188 |
| Provision for loan and lease losses | $1,901 |
| Total noninterest income | $17,228 |
| Fiduciary activities | $3,731 |
| Service charges on deposit accounts | $6,378 |
| Trading account gains & fees | $30 |
| Additional noninterest income | $7,089 |
| Total noninterest expense | $37,075 |
| Salaries and employee benefits | $11,687 |
| Premises and equipment expense | $3,737 |
| Additional noninterest expense | $21,651 |
| Pre-tax net operating income | $13,440 |
| Securities gains (losses) | -$24 |
| Applicable income taxes | $5,303 |
| Income before extraordinary items | $8,113 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $8,113 |
| Net charge-offs | $0 |
| Cash dividends | $0 |
| Sale, conversion, retirement of capital stock, net | $1,900 |
| Net operating income | $23,300 |
| Performance and Condition Ratios (December 31, 2007) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 6.12% |
| Cost of funding earning assets | 3.07% |
| Net interest margin | 3.05% |
| Noninterest income to earning assets | 1.49% |
| Noninterest expense to earning assets | 3.21% |
| Net operating income to assets | 0.64% |
| Return on assets (ROA) | 0.64% |
| Pretax return on assets | 1.05% |
| Return on equity (ROE) | 7.18% |
| Retained earnings to average equity (YTD only) | -13.44% |
| Net charge-offs to loans | 0.31% |
| Credit loss provision to net charge-offs | 100.05% |
| Efficiency ratio | 8.07% |
| Assets per employee | $70,732 |
| Cash dividends to net income (YTD only) | 4.94% |
| Condition Ratios (%) | |
| Loss allowance to loans | 287.19% |
| Loss allowance to noncurrent loans | 1.52% |
| Noncurrent assets plus other real estate owned to assets | 761.66% |
| Noncurrent loans to loans | 0.10% |
| Net loans and leases to deposits | 0.20% |
| Net loans and leases to core deposits | 61.90% |
| Equity capital to assets | 80.85% |
| Core capital (leverage) ratio | 8.52% |
| Tier 1 risk-based capital ratio | 6.98% |
| Total risk-based capital ratio | 10.90% |
| Memoranda | |
| Average assets | $12 |
| Average earning assets | $1,272,927 |
| Average equity | $112,987 |
| Average loans | $1,154,165 |
| Total Fiduciary and Related Assets (December 31, 2007) (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 | $530,920 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $524,025 |
| Employee benefit-defined contribution accounts | $177,046 |
| Employee benefit-defined benefit accounts | $71,219 |
| Other retirement accounts | $220 |
| Corporate trust and agency accounts | $21,677 |
| Investment management agency accounts | $0 |
| Other fiduciary accounts | $253,863 |
| Fiduciary accounts held in foreign offices | $0 |
| Non-managed Assets | $0 |
| Number of Accounts | 527 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $0 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $6,895 |
| Corporate trust and agency accounts | $342 |
| Other fiduciary accounts | $2,029 |
| Fiduciary accounts held in foreign offices | $4,524 |
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