Commerce Bank in Geneva, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Commerce Bank - Overview

  • General
  • FDIC 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
    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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 18Total employees (full-time equivalent)
  • $204,363Total assets
  • $4,441Cash and due from depository institutions
  • $1,440Interest-bearing balances
  • $28,003Securities
  • $11,000Federal funds sold & reverse repurchase agreements
  • $139,560Net loans & leases
  • $5,222Loan loss allowance
  • $0Trading account assets
  • $223Bank premises and fixed assets
  • $17,739Other real estate owned
  • $130Goodwill and other intangibles
  • $204,363Life insurance assets
  • $3,267All other assets
  • $180,223Total liabilities and capital
  • $173,149Total liabilities
  • $158,544Total deposits
  • $173,149Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,500Trading liabilities
  • $0Other borrowed funds
  • $574Subordinated debt
  • $24,140All other liabilities
  • $24,140Total equity capital
  • $24,140Total bank equity capital
  • $0Perpetual preferred stock
  • $25Common stock
  • $26,475Surplus
  • $-2,360Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $17,479Income earned, not collected on loans
  • $0Earning assets
  • $762Long-term assets (5+ years)
  • $180,003Average Assets, year-to-date
  • $30,967Average Assets, quarterly
  • $210,530Volatile liabilities
  • $205,908Insider loans
  • $158,126FHLB advances
  • $208,390Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $23,890Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,497Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,439Total interest income
  • $3,906Total interest expense
  • $6,533Net interest income
  • $3,426Provision for loan and lease losses
  • $544Total noninterest income
  • $0Fiduciary activities
  • $54Service charges on deposit accounts
  • $0Trading account gains & fees
  • $490Additional noninterest income
  • $6,247Total noninterest expense
  • $1,683Salaries and employee benefits
  • $247Premises and equipment expense
  • $4,317Additional noninterest expense
  • -$2,596Pre-tax net operating income
  • $0Securities gains (losses)
  • $2Applicable income taxes
  • -$2,598Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,598Net income attributable to bank
  • $0Net charge-offs
  • -$2,598Cash dividends
  • $3,269Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.59%Yield on earning assets
  • 2.09%Cost of funding earning assets
  • 3.50%Net interest margin
  • 0.29%Noninterest income to earning assets
  • 3.34%Noninterest expense to earning assets
  • -1.23%Net operating income to assets
  • -1.23%Return on assets (ROA)
  • -1.23%Pretax return on assets
  • -10.37%Return on equity (ROE)
  • -10.37%Retained earnings to average equity (YTD only)
  • 2.06%Net charge-offs to loans
  • 104.80%Credit loss provision to net charge-offs
  • 0.25%Efficiency ratio
  • 88,272Assets per employee
  • 11.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.61%Loss allowance to noncurrent loans
  • 29.88%Noncurrent assets plus other real estate owned to assets
  • 17.23%Noncurrent loans to loans
  • 12.07%Net loans and leases to deposits
  • 80.60%Net loans and leases to core deposits
  • 168.60%Equity capital to assets
  • 11.81%Core capital (leverage) ratio
  • 11.46%Tier 1 risk-based capital ratio
  • 15.11%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $210,530Average earning assets
  • $25,054Average equity
  • $186,883Average loans

List of branches

  • 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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