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)
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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

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