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

Bank of Commerce - Overview

  • General
  • FDIC Certificate #: 57491
    Status: Active
    Federal Reserve ID: 3134698
    Bank Holding Company (Regulatory Top Holder): Commerce Bancorp, Inc. (RSSDID: 3144295, Location: Duncan, OK)
    Date Established: December 16, 2002
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 52630
    FDIC's unique #: 364270
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: December 16, 2002
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: July 06, 2010
    Last Data Update: July 06, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 1601 W. Commerce, Duncan, OK 73534
    County: Stephens
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Oklahoma City
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Duncan, OK (#20340)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $149.0 mil
    Equity capital: $16.2 mil
    Deposits held in domestic offices: $117.4 mil
    Return on assets (ROA): 1.54% ($2.3 mil)
    Quarterly return on assets: 2.06% ($3.1 mil)
    Return on Equity (ROE): 14.86% ($2.4 mil)
    Quarterly return on equity: 19.16% ($3.1 mil)
    Net income: $2.2 mil
    Quarterly Net income: $0.8 mil
    Pretax return on assets: 1.54% ($2,294.8 mil)
    Quarterly Pretax return on assets: 2.06% ($3,069.7 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
  • 22Total employees (full-time equivalent)
  • $149,016Total assets
  • $1,762Cash and due from depository institutions
  • $788Interest-bearing balances
  • $31,498Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $107,970Net loans & leases
  • $1,555Loan loss allowance
  • $0Trading account assets
  • $2,032Bank premises and fixed assets
  • $0Other real estate owned
  • $1,135Goodwill and other intangibles
  • $149,016Life insurance assets
  • $4,619All other assets
  • $132,791Total liabilities and capital
  • $117,441Total liabilities
  • $107,110Total deposits
  • $117,441Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 585.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $13,750Trading liabilities
  • $0Other borrowed funds
  • $1,015Subordinated debt
  • $16,225All other liabilities
  • $16,225Total equity capital
  • $16,225Total bank equity capital
  • $0Perpetual preferred stock
  • $60Common stock
  • $9,467Surplus
  • $6,698Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,228Income earned, not collected on loans
  • $0Earning assets
  • $1,267Long-term assets (5+ years)
  • $140,256Average Assets, year-to-date
  • $32,492Average Assets, quarterly
  • $144,485Volatile liabilities
  • $148,754Insider loans
  • $122,855FHLB advances
  • $146,199Loans and leases held for sale
  • $2,020Unused loan commitments
  • $2,020Tier 1 (core) risk-based capital
  • $14,644Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $11,708Restructured Loans and leases
  • $5,568Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,402Total interest income
  • $2,081Total interest expense
  • $6,321Net interest income
  • $1,188Provision for loan and lease losses
  • $369Total noninterest income
  • $0Fiduciary activities
  • $132Service charges on deposit accounts
  • $0Trading account gains & fees
  • $237Additional noninterest income
  • $3,463Total noninterest expense
  • $1,958Salaries and employee benefits
  • $362Premises and equipment expense
  • $1,143Additional noninterest expense
  • $2,039Pre-tax net operating income
  • $193Securities gains (losses)
  • $0Applicable income taxes
  • $2,232Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,232Net income attributable to bank
  • $0Net charge-offs
  • $2,232Cash dividends
  • $1,124Sale, conversion, retirement of capital stock, net
  • $879Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.19%Yield on earning assets
  • 1.53%Cost of funding earning assets
  • 4.66%Net interest margin
  • 0.27%Noninterest income to earning assets
  • 2.55%Noninterest expense to earning assets
  • 1.41%Net operating income to assets
  • 1.54%Return on assets (ROA)
  • 1.54%Pretax return on assets
  • 14.86%Return on equity (ROE)
  • 9.01%Retained earnings to average equity (YTD only)
  • 1.12%Net charge-offs to loans
  • 105.69%Credit loss provision to net charge-offs
  • 2.87%Efficiency ratio
  • 51,764Assets per employee
  • 6.77%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 39.38%Loss allowance to loans
  • 1.42%Loss allowance to noncurrent loans
  • 29.74%Noncurrent assets plus other real estate owned to assets
  • 3.51%Noncurrent loans to loans
  • 4.77%Net loans and leases to deposits
  • 91.94%Net loans and leases to core deposits
  • 108.29%Equity capital to assets
  • 10.89%Core capital (leverage) ratio
  • 10.02%Tier 1 risk-based capital ratio
  • 11.92%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $144,485Average earning assets
  • $15,024Average equity
  • $135,747Average loans

List of branches

  • 1 Oklahoma Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0364270Bank Of Commerce1601 W. Commerce, Duncan, OK 73534December 16, 2002Full Service Brick and Mortar

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