American Bank of Commerce in Wolfforth, Texas (TX), CO
Overview, Financial Summary, Detailed Financial Reports, Branches


  • American Bank of Commerce in Wolfforth, Texas (TX), CO
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American Bank of Commerce - Overview

  • General
  • FDIC Certificate #: 18609
    Status: Active
    Federal Reserve ID: 215662
    Bank Holding Company (Regulatory Top Holder): Americo Bancshares, Inc. (RSSDID: 1107193, Location: Wolfforth, TX)
    Date Established: September 11, 1962
    WWW: http://www.theabcbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 19 (Domestic: 19, Interstate: Yes)
    FDIC's unique #: 12494
    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: Commercial Lending Specialization
    Date of Deposit Insurance: October 11, 1962
    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: U.S. Highway 82 And Loop 193, Wolfforth, TX 79382
    County: Lubbock
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Lubbock
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Lubbock, TX (#4600)
    Combined Statistical Area (CSA): Lubbock-Levelland, TX (#352)
    Core Based Statistical Area (CBSA): Lubbock, TX (#31180)
    CBSA Metro Statistical Area: Lubbock, TX (#31180)
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $645.3 mil
    Equity capital: $63.0 mil
    Deposits held in domestic offices: $564.6 mil
    Return on assets (ROA): 0.38% ($2.5 mil)
    Quarterly return on assets: 0.42% ($2.7 mil)
    Return on Equity (ROE): 4.10% ($2.6 mil)
    Quarterly return on equity: 4.38% ($2.8 mil)
    Net income: $2.5 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 0.56% ($3,613.5 mil)
    Quarterly Pretax return on assets: 0.60% ($3,871.6 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 156Total employees (full-time equivalent)
  • $645,272Total assets
  • $15,403Cash and due from depository institutions
  • $5,969Interest-bearing balances
  • $190,658Securities
  • $1,025Federal funds sold & reverse repurchase agreements
  • $389,803Net loans & leases
  • $5,787Loan loss allowance
  • $0Trading account assets
  • $19,614Bank premises and fixed assets
  • $8,096Other real estate owned
  • $300Goodwill and other intangibles
  • $645,272Life insurance assets
  • $20,373All other assets
  • $582,255Total liabilities and capital
  • $564,615Total liabilities
  • $466,206Total deposits
  • $564,615Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 2500.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,529Trading liabilities
  • $0Other borrowed funds
  • $4,611Subordinated debt
  • $63,017All other liabilities
  • $63,017Total equity capital
  • $63,017Total bank equity capital
  • $0Perpetual preferred stock
  • $320Common stock
  • $36,641Surplus
  • $26,056Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,731Income earned, not collected on loans
  • $467Earning assets
  • $3,155Long-term assets (5+ years)
  • $587,455Average Assets, year-to-date
  • $120,670Average Assets, quarterly
  • $656,818Volatile liabilities
  • $651,457Insider loans
  • $459,753FHLB advances
  • $656,141Loans and leases held for sale
  • $10,470Unused loan commitments
  • $10,470Tier 1 (core) risk-based capital
  • $59,065Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $56,195Restructured Loans and leases
  • $2,715Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $29,150Total interest income
  • $4,487Total interest expense
  • $24,663Net interest income
  • $2,028Provision for loan and lease losses
  • $1,131Total noninterest income
  • $0Fiduciary activities
  • $1,772Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$641Additional noninterest income
  • $20,109Total noninterest expense
  • $9,089Salaries and employee benefits
  • $2,823Premises and equipment expense
  • $8,197Additional noninterest expense
  • $3,657Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,181Applicable income taxes
  • $2,476Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,476Net income attributable to bank
  • $0Net charge-offs
  • $2,476Cash dividends
  • $3,289Sale, conversion, retirement of capital stock, net
  • $130Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.89%Yield on earning assets
  • 0.75%Cost of funding earning assets
  • 4.14%Net interest margin
  • 0.19%Noninterest income to earning assets
  • 3.38%Noninterest expense to earning assets
  • 0.38%Net operating income to assets
  • 0.38%Return on assets (ROA)
  • 0.56%Pretax return on assets
  • 4.10%Return on equity (ROE)
  • 3.88%Retained earnings to average equity (YTD only)
  • 0.80%Net charge-offs to loans
  • 61.66%Credit loss provision to net charge-offs
  • 1.73%Efficiency ratio
  • 77,960Assets per employee
  • 4.14%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 5.25%Loss allowance to loans
  • 1.46%Loss allowance to noncurrent loans
  • 74.85%Noncurrent assets plus other real estate owned to assets
  • 2.45%Noncurrent loans to loans
  • 1.95%Net loans and leases to deposits
  • 69.04%Net loans and leases to core deposits
  • 74.13%Equity capital to assets
  • 9.77%Core capital (leverage) ratio
  • 9.00%Tier 1 risk-based capital ratio
  • 12.85%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $656,818Average earning assets
  • $60,432Average equity
  • $595,818Average loans

List of branches

  • 2 Colorado Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    12429637Colorado Springs Branch434 S. Tejon, Colorado Springs, CO 80903March 30, 2004Full Service Brick and Mortar
    19528890American Bank Of Commerce Pueblo Ban1000 W. 6th Street, Pueblo, CO 81003Febuary 21, 2012Full Service Brick and Mortar
  • 16 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012494American Bank Of CommerceU.S. Highway 82 And Loop 193, Wolfforth, TX 79382September 11, 1962Full Service Brick and Mortar
    1245872Lubbock Branch50th And Memphis, Lubbock, TX 79413September 01, 1989Full Service Brick and Mortar
    2245873Indiana Avenue Branch8112 Indiana Avenue, Lubbock, TX 79423October 25, 1993Full Service Brick and Mortar
    3245874West Fifth Street Branch610 West 5th Street, Austin, TX 78701January 08, 1996Full Service Brick and Mortar
    4245875Colorado Branch220 E. 8th St, Austin, TX 78701January 08, 1996Limited Service Facility
    5245876West Braker Lane Branch2243 West Braker Lane, Austin, TX 78758October 01, 1998Full Service Brick and Mortar
    6357692Mobile Branch For LubbockU.S. Highway 82 And Loop 193, Wolfforth, TX 79382March 06, 2000Limited Service Mobile
    7357849Operations Center Branch2002 W. Loop 289 #116, Lubbock, TX 79416January 01, 1999Limited Service Administrative
    8357850Brownfiled Office Branch201 E. Hill Street #102, Brownfield, TX 79316Febuary 22, 1999Limited Service Loan Production
    9362231Lakeline Mall Drive Branch10920 Lakeline Mall Drive, Austin, TX 78717September 24, 2001Full Service Brick and Mortar
    10418826Northcross Branch2535 West Anderson Lane, Austin, TX 78757April 01, 2003Full Service Brick and Mortar
    14443345American Bank Of Commerce Branch2201 West Ben White Blvd., Austin, TX 78704August 15, 2005Full Service Brick and Mortar
    1544399819th Street Branch3805 19th Street, Lubbock, TX 79410August 22, 2005Full Service Brick and Mortar
    164521778668 Spicewood Springs Road Branch8668 Spicewood Springs Road, Austin, TX 78759May 22, 2006Full Service Brick and Mortar
    17477837Mansfield Branch1748 East Broad Street, Mansfield, TX 76063June 30, 2008Full Service Brick and Mortar
    18482954North Loop Branch4656 North Loop 289, Lubbock, TX 79416November 03, 2008Full Service Brick and Mortar

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