Bank of Commerce in Duncan, Oklahoma (OK)

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Bank of Commerce
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)22
Total assets$149,016
Cash and due from depository institutions$1,762
Interest-bearing balances$788
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$107,970
Loan loss allowance $1,555
Trading account assets$0
Bank premises and fixed assets$2,032
Other real estate owned$0
Goodwill and other intangibles$1,135
All other assets$4,619
Life insurance assets$149,016
Total liabilities and capital$132,791
Total liabilities$117,441
Total deposits$107,110
Interest-bearing deposits$117,441
Deposits held in domestic offices$86
% insured (estimated)585.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$13,750
Other borrowed funds $0
Subordinated debt $1,015
All other liabilities $16,225
Total equity capital$16,225
Total bank equity capital$16,225
Perpetual preferred stock$0
Common stock$60
Undivided profits $6,698
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $5,228
Earning assets $0
Long-term assets (5+ years) $1,267
Average Assets, year-to-date $140,256
Average Assets, quarterly $32,492
Volatile liabilities $144,485
Insider loans $148,754
FHLB advances $122,855
Loans and leases held for sale $146,199
Unused loan commitments $2,020
Tier 1 (core) risk-based capital $2,020
Tier 2 risk-based capital $14,644
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $11,708
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $8,402
Total interest expense $2,081
Net interest income $6,321
Provision for loan and lease losses $1,188
Total noninterest income $369
Fiduciary activities $0
Service charges on deposit accounts $132
Trading account gains & fees $0
Additional noninterest income $237
Total noninterest expense $3,463
Salaries and employee benefits $1,958
Premises and equipment expense $362
Additional noninterest expense $1,143
Pre-tax net operating income $2,039
Securities gains (losses) $193
Applicable income taxes $0
Income before extraordinary items $2,232
Extraordinary gains - net $0
Net income attributable to bank $2,232
Net charge-offs $0
Cash dividends $2,232
Sale, conversion, retirement of capital stock, net $1,124
Net operating income $879
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.19%
Cost of funding earning assets 1.53%
Net interest margin 4.66%
Noninterest income to earning assets 0.27%
Noninterest expense to earning assets 2.55%
Net operating income to assets 1.41%
Return on assets (ROA) 1.54%
Pretax return on assets 1.54%
Return on equity (ROE) 14.86%
Retained earnings to average equity (YTD only) 9.01%
Net charge-offs to loans 1.12%
Credit loss provision to net charge-offs 105.69%
Efficiency ratio2.87%
Assets per employee$51,764
Cash dividends to net income (YTD only)6.77%
Condition Ratios (%)
Loss allowance to loans 39.38%
Loss allowance to noncurrent loans 1.42%
Noncurrent assets plus other real estate owned to assets 29.74%
Noncurrent loans to loans 3.51%
Net loans and leases to deposits4.77%
Net loans and leases to core deposits 91.94%
Equity capital to assets 108.29%
Core capital (leverage) ratio 10.89%
Tier 1 risk-based capital ratio 10.02%
Total risk-based capital ratio 11.92%
Average assets$13
Average earning assets$144,485
Average equity $15,024
Average loans $135,747
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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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