Bank of Commerce in Chelsea, Oklahoma (OK)
Overview, Financial Summary, Detailed Financial Reports, Branches

Bank of Commerce - Overview

  • General
  • FDIC Certificate #: 13274
    Status: Active
    Federal Reserve ID: 152057
    Bank Holding Company (Regulatory Top Holder): Commerce Bancshares, Inc. (RSSDID: 2480491, Location: Catoosa, OK)
    Date Established: March 23, 1896
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 13499
    FDIC's unique #: 8398
    Numeric code: 13
    Regulator: FED
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    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: 322 West Sixth, Chelsea, OK 74016
    County: Rogers
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Tulsa
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Tulsa, OK (#8560)
    Combined Statistical Area (CSA): Tulsa-Bartlesville, OK (#538)
    Core Based Statistical Area (CBSA): Tulsa, OK (#46140)
    CBSA Metro Statistical Area: Tulsa, OK (#46140)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $145.1 mil
    Equity capital: $14.9 mil
    Deposits held in domestic offices: $127.0 mil
    Return on assets (ROA): 0.69% ($1.0 mil)
    Quarterly return on assets: 0.54% ($0.8 mil)
    Return on Equity (ROE): 6.94% ($1.0 mil)
    Quarterly return on equity: 5.32% ($0.8 mil)
    Net income: $1.0 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.69% ($1,001.1 mil)
    Quarterly Pretax return on assets: 0.54% ($783.5 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
  • 50Total employees (full-time equivalent)
  • $145,084Total assets
  • $14,296Cash and due from depository institutions
  • $10,600Interest-bearing balances
  • $32,079Securities
  • $6Federal funds sold & reverse repurchase agreements
  • $88,594Net loans & leases
  • $1,950Loan loss allowance
  • $0Trading account assets
  • $2,239Bank premises and fixed assets
  • $4,981Other real estate owned
  • $0Goodwill and other intangibles
  • $145,084Life insurance assets
  • $2,889All other assets
  • $130,198Total liabilities and capital
  • $126,980Total liabilities
  • $101,879Total deposits
  • $126,980Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,540Trading liabilities
  • $0Other borrowed funds
  • $678Subordinated debt
  • $14,886All other liabilities
  • $14,886Total equity capital
  • $14,886Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $4,703Surplus
  • $9,983Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $465Income earned, not collected on loans
  • $0Earning assets
  • $665Long-term assets (5+ years)
  • $131,279Average Assets, year-to-date
  • $55,797Average Assets, quarterly
  • $145,779Volatile liabilities
  • $145,825Insider loans
  • $93,699FHLB advances
  • $146,957Loans and leases held for sale
  • $1,327Unused loan commitments
  • $1,327Tier 1 (core) risk-based capital
  • $14,798Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $8,323Restructured Loans and leases
  • $85Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,099Total interest income
  • $1,570Total interest expense
  • $5,529Net interest income
  • $426Provision for loan and lease losses
  • $1,894Total noninterest income
  • $0Fiduciary activities
  • $1,025Service charges on deposit accounts
  • $0Trading account gains & fees
  • $869Additional noninterest income
  • $6,023Total noninterest expense
  • $3,048Salaries and employee benefits
  • $518Premises and equipment expense
  • $2,457Additional noninterest expense
  • $974Pre-tax net operating income
  • $29Securities gains (losses)
  • $0Applicable income taxes
  • $1,003Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,003Net income attributable to bank
  • $0Net charge-offs
  • $1,003Cash dividends
  • $663Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.43%Yield on earning assets
  • 1.20%Cost of funding earning assets
  • 4.23%Net interest margin
  • 1.45%Noninterest income to earning assets
  • 4.61%Noninterest expense to earning assets
  • 0.67%Net operating income to assets
  • 0.69%Return on assets (ROA)
  • 0.69%Pretax return on assets
  • 6.94%Return on equity (ROE)
  • 6.94%Retained earnings to average equity (YTD only)
  • 0.67%Net charge-offs to loans
  • 64.25%Credit loss provision to net charge-offs
  • 2.11%Efficiency ratio
  • 81,140Assets per employee
  • 2.90%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.15%Loss allowance to noncurrent loans
  • 419.35%Noncurrent assets plus other real estate owned to assets
  • 3.75%Noncurrent loans to loans
  • 0.51%Net loans and leases to deposits
  • 69.77%Net loans and leases to core deposits
  • 76.85%Equity capital to assets
  • 10.26%Core capital (leverage) ratio
  • 10.07%Tier 1 risk-based capital ratio
  • 15.79%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $145,779Average earning assets
  • $14,451Average equity
  • $130,756Average loans

List of branches

  • 6 Oklahoma Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08398Bank Of Commerce322 West Sixth, Chelsea, OK 74016March 23, 1896Full Service Brick and Mortar
    2229414Sequoyah Office Branch16205 South Highway 66, Claremore, OK 74017October 01, 1997Full Service Brick and Mortar
    316153Catoosa Bank Of Commerce Branch1490 North 66 Highway, Catoosa, OK 74015March 03, 1980Full Service Brick and Mortar
    4255853Adair BranchState Highway 28, Adair, OK 74330June 02, 1997Full Service Brick and Mortar
    64474156655 South Lewis Avenue Branch6655 South Lewis Avenue, Suite 150, Tulsa, OK 74136January 30, 2006Full Service Brick and Mortar
    7451920Claremore Branch1124 West Will Rogers Boulevard, Claremore, OK 74017June 12, 2006Full Service Brick and Mortar

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