Bank of Commerce in Charlotte, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Bank of Commerce in Charlotte, North Carolina (NC)
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Bank of Commerce - Overview

  • General
  • FDIC Certificate #: 58134
    Status: Active
    Federal Reserve ID: 3377374
    Date Established: Febuary 07, 2006
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 440378
    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: Febuary 07, 2006
    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: 100 Queens Road, Charlotte, NC 28204
    County: Mecklenburg
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Charlotte
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Charlotte-Gastonia-Rock Hill, NC-SC (#1520)
    Combined Statistical Area (CSA): Charlotte-Gastonia-Salisbury, NC-SC (#172)
    Core Based Statistical Area (CBSA): Charlotte-Gastonia-Rock Hill, NC-SC (#16740)
    CBSA Metro Statistical Area: Charlotte-Gastonia-Rock Hill, NC-SC (#16740)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $145.2 mil
    Equity capital: $12.5 mil
    Deposits held in domestic offices: $100.1 mil
    Return on assets (ROA): -1.07% (-$1.6 mil)
    Quarterly return on assets: -2.25% (-$3.3 mil)
    Return on Equity (ROE): -12.77% (-$1.7 mil)
    Quarterly return on equity: -25.89% (-$3.4 mil)
    Net income: -$1.7 mil
    Quarterly Net income: -$0.8 mil
    Pretax return on assets: -1.07% (-$1,553.9 mil)
    Quarterly Pretax return on assets: -2.25% (-$3,267.6 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
  • 16Total employees (full-time equivalent)
  • $145,228Total assets
  • $8,149Cash and due from depository institutions
  • $7,023Interest-bearing balances
  • $33,043Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $95,156Net loans & leases
  • $2,099Loan loss allowance
  • $0Trading account assets
  • $299Bank premises and fixed assets
  • $2,075Other real estate owned
  • $0Goodwill and other intangibles
  • $145,228Life insurance assets
  • $6,506All other assets
  • $132,698Total liabilities and capital
  • $100,147Total liabilities
  • $90,748Total deposits
  • $100,147Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 16672.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $15,000Trading liabilities
  • $0Other borrowed funds
  • $879Subordinated debt
  • $12,530All other liabilities
  • $12,530Total equity capital
  • $12,530Total bank equity capital
  • $3,150Perpetual preferred stock
  • $4,000Common stock
  • $14,065Surplus
  • $-8,685Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,153Income earned, not collected on loans
  • $0Earning assets
  • $423Long-term assets (5+ years)
  • $135,222Average Assets, year-to-date
  • $31,192Average Assets, quarterly
  • $161,275Volatile liabilities
  • $149,093Insider loans
  • $112,227FHLB advances
  • $148,547Loans and leases held for sale
  • $4,390Unused loan commitments
  • $4,390Tier 1 (core) risk-based capital
  • $12,239Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $8,877Restructured Loans and leases
  • $4,281Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,608Total interest income
  • $1,995Total interest expense
  • $4,613Net interest income
  • $2,024Provision for loan and lease losses
  • -$685Total noninterest income
  • $0Fiduciary activities
  • $79Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$764Additional noninterest income
  • $4,101Total noninterest expense
  • $1,972Salaries and employee benefits
  • $422Premises and equipment expense
  • $1,707Additional noninterest expense
  • -$2,197Pre-tax net operating income
  • $472Securities gains (losses)
  • $0Applicable income taxes
  • -$1,725Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,725Net income attributable to bank
  • $0Net charge-offs
  • -$1,725Cash dividends
  • $2,006Sale, conversion, retirement of capital stock, net
  • $58Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.49%Yield on earning assets
  • 1.35%Cost of funding earning assets
  • 3.13%Net interest margin
  • -0.47%Noninterest income to earning assets
  • 2.79%Noninterest expense to earning assets
  • -1.36%Net operating income to assets
  • -1.07%Return on assets (ROA)
  • -1.07%Pretax return on assets
  • -12.77%Return on equity (ROE)
  • -13.20%Retained earnings to average equity (YTD only)
  • 1.87%Net charge-offs to loans
  • 100.90%Credit loss provision to net charge-offs
  • -0.09%Efficiency ratio
  • 104,404Assets per employee
  • 9.08%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -3.36%Loss allowance to loans
  • 2.16%Loss allowance to noncurrent loans
  • 50.54%Noncurrent assets plus other real estate owned to assets
  • 4.29%Noncurrent loans to loans
  • 4.27%Net loans and leases to deposits
  • 95.02%Net loans and leases to core deposits
  • 108.64%Equity capital to assets
  • 8.63%Core capital (leverage) ratio
  • 8.24%Tier 1 risk-based capital ratio
  • 10.91%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $161,275Average earning assets
  • $13,507Average equity
  • $147,235Average loans

List of branches

  • 1 North Carolina Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0440378Bank Of Commerce100 Queens Road, Charlotte, NC 28204Febuary 07, 2006Full Service Brick and Mortar

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