Commerce Bank in Geneva, Minnesota (MN)



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Commerce Bank
GeneralFDIC Certificate #: 10212
Status: Active
Federal Reserve ID: 49054
Bank Holding Company (Regulatory Top Holder): Commerce Bancshares, Inc. (RSSDID: 2452630, Location: Edina, MN)
Date Established: January 01, 1915
WWW: http://www.commercebankmn.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
OTS Docket #: 14499
FDIC's unique #: 6551
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: 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
LocationAddress: 101 Central Avenue South, Geneva, MN 56035
County: Freeborn
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Minneapolis
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
Core Based Statistical Area (CBSA): Albert Lea, MN (#10660)
CBSA Micro Statistical Area: Yes
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $204.4 mil
Equity capital: $24.1 mil
Deposits held in domestic offices: $173.1 mil
Return on assets (ROA): -1.23% (-$2.5 mil)
Quarterly return on assets: -3.00% (-$6.1 mil)
Return on Equity (ROE): -10.37% (-$2.5 mil)
Quarterly return on equity: -24.80% (-$6.0 mil)
Net income: -$2.6 mil
Quarterly Net income: -$1.5 mil
Pretax return on assets: -1.23% (-$2,513.7 mil)
Quarterly Pretax return on assets: -3.00% (-$6,130.9 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)
Total employees (full-time equivalent)18
Total assets$204,363
Cash and due from depository institutions$4,441
Interest-bearing balances$1,440
Securities$28,003
Federal funds sold & reverse repurchase agreements$11,000
Net loans & leases$139,560
Loan loss allowance $5,222
Trading account assets$0
Bank premises and fixed assets$223
Other real estate owned$17,739
Goodwill and other intangibles$130
All other assets$3,267
Life insurance assets$204,363
Total liabilities and capital$180,223
Total liabilities$173,149
Total deposits$158,544
Interest-bearing deposits$173,149
Deposits held in domestic offices$95
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$6,500
Other borrowed funds $0
Subordinated debt $574
All other liabilities $24,140
Total equity capital$24,140
Total bank equity capital$24,140
Perpetual preferred stock$0
Common stock$25
Surplus$26,475
Undivided profits $-2,360
Memoranda
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 $17,479
Earning assets $0
Long-term assets (5+ years) $762
Average Assets, year-to-date $180,003
Average Assets, quarterly $30,967
Volatile liabilities $210,530
Insider loans $205,908
FHLB advances $158,126
Loans and leases held for sale $208,390
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $23,890
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $4,497
Derivatives$0
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $10,439
Total interest expense $3,906
Net interest income $6,533
Provision for loan and lease losses $3,426
Total noninterest income $544
Fiduciary activities $0
Service charges on deposit accounts $54
Trading account gains & fees $0
Additional noninterest income $490
Total noninterest expense $6,247
Salaries and employee benefits $1,683
Premises and equipment expense $247
Additional noninterest expense $4,317
Pre-tax net operating income -$2,596
Securities gains (losses) $0
Applicable income taxes $2
Income before extraordinary items -$2,598
Extraordinary gains - net $0
Net income attributable to bank -$2,598
Net charge-offs $0
Cash dividends -$2,598
Sale, conversion, retirement of capital stock, net $3,269
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.59%
Cost of funding earning assets 2.09%
Net interest margin 3.50%
Noninterest income to earning assets 0.29%
Noninterest expense to earning assets 3.34%
Net operating income to assets -1.23%
Return on assets (ROA) -1.23%
Pretax return on assets -1.23%
Return on equity (ROE) -10.37%
Retained earnings to average equity (YTD only) -10.37%
Net charge-offs to loans 2.06%
Credit loss provision to net charge-offs 104.80%
Efficiency ratio0.25%
Assets per employee$88,272
Cash dividends to net income (YTD only)11.35%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 3.61%
Noncurrent assets plus other real estate owned to assets 29.88%
Noncurrent loans to loans 17.23%
Net loans and leases to deposits12.07%
Net loans and leases to core deposits 80.60%
Equity capital to assets 168.60%
Core capital (leverage) ratio 11.81%
Tier 1 risk-based capital ratio 11.46%
Total risk-based capital ratio 15.11%
Memoranda
Average assets$16
Average earning assets$210,530
Average equity $25,054
Average loans $186,883
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2 Minnesota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
06551Commerce Bank101 Central Avenue South, Geneva, MN 56035January 01, 1915Full Service Brick and Mortar
1359990Edina Branch7650 Edinborough Way, Edina, MN 55435July 17, 2000Full Service Brick and Mortar
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