Commerce Bank Corporation in College Park, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 16, 1999

  • Commerce Bank Corporation in College Park, Maryland (MD)
  • Show street view No street view available for this location

Commerce Bank Corporation - Overview

  • General
  • FDIC Certificate #: 27596
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Branch Banking and Trust Company (#9846)
    Federal Reserve ID: 1402414
    Date Established: September 21, 1989
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Interstate: No)
    FDIC's unique #: 40429
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: September 21, 1989
    Last Structure Change Effective Date: July 16, 1999
    Last Structure Change Process Date: August 11, 1999
    Last Data Update: August 11, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 9658 Baltimore Avenue, College Park, MD 20740
    County: Prince George's
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Baltimore
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Washington, DC-MD-VA-WV (#8840)
    Consolidated Metropolitan Statistical Area (CMSA): Washington-Baltimore, DC-MD-VA-WV (#97)
    Combined Statistical Area (CSA): Washington-Baltimore-Northern Virginia, DC-MD-VA-WV (#548)
    Core Based Statistical Area (CBSA): Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    CBSA Metro Statistical Area: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    Core Based Statistical Division: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47894)
  • Financial Summary
  • Total assets: $92.7 mil

1992 - 1999 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, 1998)

  • Dollar figures in thousands
  • 24Total employees (full-time equivalent)
  • $82,921Total assets
  • $7,266Cash and due from depository institutions
  • $0Interest-bearing balances
  • $29,165Securities
  • $5,000Federal funds sold & reverse repurchase agreements
  • $39,688Net loans & leases
  • $645Loan loss allowance
  • $0Trading account assets
  • $210Bank premises and fixed assets
  • $211Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,381All other assets
  • $82,921Total liabilities and capital
  • $77,403Total liabilities
  • $46,254Total deposits
  • $29,200Interest-bearing deposits
  • $46,254Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $29,757Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $1,060Other borrowed funds
  • $0Subordinated debt
  • $332All other liabilities
  • $5,518Total equity capital
  • $5,518Total bank equity capital
  • $5,518Perpetual preferred stock
  • $0Common stock
  • $1,922Surplus
  • $2,604Undivided profits
  • Memoranda
  • $992Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $333Earning assets
  • $0Long-term assets (5+ years)
  • $186Average Assets, year-to-date
  • $73,853Average Assets, quarterly
  • $15,512Volatile liabilities
  • $86,462Insider loans
  • $83,310FHLB advances
  • $38,447Loans and leases held for sale
  • $251Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $4,313Total unused commitments
  • $0Restructured Loans and leases
  • $50,526Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $6,022Total interest income
  • $2,475Total interest expense
  • $3,547Net interest income
  • $1,055Provision for loan and lease losses
  • $715Total noninterest income
  • $0Fiduciary activities
  • $501Service charges on deposit accounts
  • $0Trading account gains & fees
  • $214Additional noninterest income
  • $2,950Total noninterest expense
  • $1,265Salaries and employee benefits
  • $457Premises and equipment expense
  • $1,228Additional noninterest expense
  • $257Pre-tax net operating income
  • $0Securities gains (losses)
  • $97Applicable income taxes
  • $160Income before extraordinary items
  • $0Extraordinary gains - net
  • $160Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,110Sale, conversion, retirement of capital stock, net
  • $367Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.73%Yield on earning assets
  • 3.18%Cost of funding earning assets
  • 4.55%Net interest margin
  • 0.92%Noninterest income to earning assets
  • 3.79%Noninterest expense to earning assets
  • 0.19%Net operating income to assets
  • 0.19%Return on assets (ROA)
  • 0.30%Pretax return on assets
  • 2.72%Return on equity (ROE)
  • -3.52%Retained earnings to average equity (YTD only)
  • 2.57%Net charge-offs to loans
  • 95.05%Credit loss provision to net charge-offs
  • 1.18%Efficiency ratio
  • 69,216Assets per employee
  • 3.46%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 229.38%Loss allowance to loans
  • 1.60%Loss allowance to noncurrent loans
  • 193.69%Noncurrent assets plus other real estate owned to assets
  • 0.66%Noncurrent loans to loans
  • 0.83%Net loans and leases to deposits
  • 85.80%Net loans and leases to core deposits
  • 102.75%Equity capital to assets
  • 6.65%Core capital (leverage) ratio
  • 6.82%Tier 1 risk-based capital ratio
  • 11.24%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $86,462Average earning assets
  • $5,885Average equity
  • $77,939Average loans

Comment about this bank, ask questions, or add new information about it:

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Commerce Bank Corporation.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents