Commerce Bank/Pennsylvania, National Association in Philadelphia, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 29, 2005

  • Commerce Bank/Pennsylvania, National Association in Philadelphia, Pennsylvania (PA)
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Commerce Bank/Pennsylvania, National Association - Overview

  • General
  • FDIC Certificate #: 25293
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Commerce Bank, National Association (#21140)
    Federal Reserve ID: 883810
    Date Established: June 29, 1984
    WWW: http://www.commerceonline.com
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 70 (Interstate: No)
    FDIC's unique #: 17496
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: June 29, 1984
    Last Structure Change Effective Date: July 29, 2005
    Last Structure Change Process Date: August 18, 2005
    Last Data Update: August 18, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: 1900 Market Street, Philadelphia, PA 19103
    County: Philadelphia
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Philadelphia
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Philadelphia, PA-NJ (#6160)
    Consolidated Metropolitan Statistical Area (CMSA): Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-MD (#77)
    Combined Statistical Area (CSA): Philadelphia-Camden-Vineland, PA-NJ-DE-MD (#428)
    Core Based Statistical Area (CBSA): Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980)
    CBSA Metro Statistical Area: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980)
    Core Based Statistical Division: Philadelphia, PA (#37964)
  • Financial Summary
  • Total assets: $6,446.7 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, 2004)

  • Dollar figures in thousands
  • 1,300Total employees (full-time equivalent)
  • $5,739,389Total assets
  • $156,144Cash and due from depository institutions
  • $17Interest-bearing balances
  • $3,838,002Securities
  • $102,000Federal funds sold & reverse repurchase agreements
  • $1,401,765Net loans & leases
  • $17,022Loan loss allowance
  • $0Trading account assets
  • $165,967Bank premises and fixed assets
  • $357Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $75,154All other assets
  • $5,739,389Total liabilities and capital
  • $5,398,999Total liabilities
  • $5,377,891Total deposits
  • $4,815,575Interest-bearing deposits
  • $5,377,891Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $14,484Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $6,624All other liabilities
  • $340,390Total equity capital
  • $340,390Total bank equity capital
  • $340,390Perpetual preferred stock
  • $0Common stock
  • $7,500Surplus
  • $164,918Undivided profits
  • Memoranda
  • $167,972Noncurrent loans and leases
  • $423,741Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $6,396Earning assets
  • $0Long-term assets (5+ years)
  • $29,154Average Assets, year-to-date
  • $5,341,784Average Assets, quarterly
  • $2,837,967Volatile liabilities
  • $5,161,861Insider loans
  • $5,634,772FHLB advances
  • $409,279Loans and leases held for sale
  • $5,986Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $423,741Total unused commitments
  • $0Restructured Loans and leases
  • $17,022Derivatives

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $236,014Total interest income
  • $44,170Total interest expense
  • $191,844Net interest income
  • $6,444Provision for loan and lease losses
  • $29,541Total noninterest income
  • $456Fiduciary activities
  • $26,460Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,625Additional noninterest income
  • $108,369Total noninterest expense
  • $43,440Salaries and employee benefits
  • $28,714Premises and equipment expense
  • $36,215Additional noninterest expense
  • $106,572Pre-tax net operating income
  • -$4,093Securities gains (losses)
  • $34,864Applicable income taxes
  • $67,615Income before extraordinary items
  • $0Extraordinary gains - net
  • $67,615Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $2,787Sale, conversion, retirement of capital stock, net
  • $15,000Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.94%Yield on earning assets
  • 0.92%Cost of funding earning assets
  • 4.02%Net interest margin
  • 0.62%Noninterest income to earning assets
  • 2.27%Noninterest expense to earning assets
  • 1.36%Net operating income to assets
  • 1.31%Return on assets (ROA)
  • 1.99%Pretax return on assets
  • 22.23%Return on equity (ROE)
  • 17.30%Retained earnings to average equity (YTD only)
  • 0.22%Net charge-offs to loans
  • 231.22%Credit loss provision to net charge-offs
  • 40.55%Efficiency ratio
  • 48,950Assets per employee
  • 4.41%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 22.18%Loss allowance to loans
  • 1.20%Loss allowance to noncurrent loans
  • 266.14%Noncurrent assets plus other real estate owned to assets
  • 0.12%Noncurrent loans to loans
  • 0.45%Net loans and leases to deposits
  • 26.07%Net loans and leases to core deposits
  • 28.13%Equity capital to assets
  • 5.93%Core capital (leverage) ratio
  • 6.01%Tier 1 risk-based capital ratio
  • 14.19%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $5,161,861Average earning assets
  • $304,207Average equity
  • $4,777,824Average loans

Total Fiduciary and Related Assets (December 31, 2004)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $1,461,596Managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 309Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $1,461,596Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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