Bank of Commerce in Greenwood, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches

Bank of Commerce - Overview

  • General
  • FDIC Certificate #: 9359
    Status: Active
    Federal Reserve ID: 99442
    Bank Holding Company (Regulatory Top Holder): Commerce Bancorp, Inc (RSSDID: 2770660, Location: Greenwood, MS)
    Date Established: August 04, 1904
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 6008
    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: All Other Specialization < 1 Billion
    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: 310 Howard Street, Greenwood, MS 38930
    County: Leflore
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Jackson Ms
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Greenwood, MS (#24900)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $247.1 mil
    Equity capital: $22.5 mil
    Deposits held in domestic offices: $196.6 mil
    Return on assets (ROA): 1.28% ($3.2 mil)
    Quarterly return on assets: 0.88% ($2.2 mil)
    Return on Equity (ROE): 13.76% ($3.2 mil)
    Quarterly return on equity: 9.57% ($2.2 mil)
    Net income: $2.9 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 1.78% ($4,398.7 mil)
    Quarterly Pretax return on assets: 1.13% ($2,792.4 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
  • 37Total employees (full-time equivalent)
  • $247,116Total assets
  • $5,603Cash and due from depository institutions
  • $88Interest-bearing balances
  • $65,408Securities
  • $12,000Federal funds sold & reverse repurchase agreements
  • $148,342Net loans & leases
  • $1,742Loan loss allowance
  • $0Trading account assets
  • $4,588Bank premises and fixed assets
  • $369Other real estate owned
  • $0Goodwill and other intangibles
  • $247,116Life insurance assets
  • $10,806All other assets
  • $224,611Total liabilities and capital
  • $196,594Total liabilities
  • $173,612Total deposits
  • $196,594Interest-bearing deposits
  • $67Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $25,860Trading liabilities
  • $0Other borrowed funds
  • $2,157Subordinated debt
  • $22,505All other liabilities
  • $22,505Total equity capital
  • $22,505Total bank equity capital
  • $0Perpetual preferred stock
  • $541Common stock
  • $9,812Surplus
  • $12,152Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,037Income earned, not collected on loans
  • $0Earning assets
  • $2,450Long-term assets (5+ years)
  • $225,838Average Assets, year-to-date
  • $65,282Average Assets, quarterly
  • $228,749Volatile liabilities
  • $243,221Insider loans
  • $164,801FHLB advances
  • $247,970Loans and leases held for sale
  • $6,062Unused loan commitments
  • $4,121Tier 1 (core) risk-based capital
  • $21,503Tier 2 risk-based capital
  • $1,941Total risk weighted assets
  • $0Total unused commitments
  • $20,768Restructured Loans and leases
  • $5,245Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,379Total interest income
  • $2,329Total interest expense
  • $9,050Net interest income
  • $650Provision for loan and lease losses
  • $783Total noninterest income
  • $0Fiduciary activities
  • $549Service charges on deposit accounts
  • $0Trading account gains & fees
  • $234Additional noninterest income
  • $5,123Total noninterest expense
  • $3,511Salaries and employee benefits
  • $712Premises and equipment expense
  • $900Additional noninterest expense
  • $4,060Pre-tax net operating income
  • $3Securities gains (losses)
  • $1,139Applicable income taxes
  • $2,924Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,924Net income attributable to bank
  • $0Net charge-offs
  • $2,924Cash dividends
  • $314Sale, conversion, retirement of capital stock, net
  • $1,676Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.48%Yield on earning assets
  • 1.12%Cost of funding earning assets
  • 4.36%Net interest margin
  • 0.38%Noninterest income to earning assets
  • 2.47%Noninterest expense to earning assets
  • 1.28%Net operating income to assets
  • 1.28%Return on assets (ROA)
  • 1.78%Pretax return on assets
  • 13.76%Return on equity (ROE)
  • 5.87%Retained earnings to average equity (YTD only)
  • 0.22%Net charge-offs to loans
  • 207.01%Credit loss provision to net charge-offs
  • 15.00%Efficiency ratio
  • 52,100Assets per employee
  • 6.68%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 57.32%Loss allowance to loans
  • 1.16%Loss allowance to noncurrent loans
  • 85.52%Noncurrent assets plus other real estate owned to assets
  • 0.97%Noncurrent loans to loans
  • 1.36%Net loans and leases to deposits
  • 75.46%Net loans and leases to core deposits
  • 92.52%Equity capital to assets
  • 9.11%Core capital (leverage) ratio
  • 8.67%Tier 1 risk-based capital ratio
  • 13.05%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $228,749Average earning assets
  • $21,253Average equity
  • $207,764Average loans

Total Fiduciary and Related Assets (December 31, 2009)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $9,363Managed Assets
  • 1Number of Accounts
  • $7,823Personal trust and agency accounts
  • $3,921Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $3,902Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 20Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $1,540Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $1,540Fiduciary accounts held in foreign offices

List of branches

  • 5 Mississippi Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06008Bank Of Commerce310 Howard Street, Greenwood, MS 38930August 04, 1904Full Service Brick and Mortar
    1219956Main Street Branch401 Main Street, Greenwood, MS 38930Febuary 06, 1974Limited Service Facility
    2219957Park Avenue Branch815 West Park Avenue, Greenwood, MS 38930November 02, 1981Full Service Brick and Mortar
    3441150Bank Of Commerce Loan Production Off309 Lamar Street, Oxford, MS 38655May 18, 2005Limited Service Loan Production
    4457263Oxford Branch1610 West Jackson Avenue, Oxford, MS 38655December 18, 2006Full Service Brick and Mortar

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