Commerce Bank of Central Florida in Winter Haven, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 01, 1995

  • Commerce Bank of Central Florida in Winter Haven, Florida (FL)
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Commerce Bank of Central Florida - Overview

  • General
  • FDIC Certificate #: 27457
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Commerce Bank of Polk County (#23669)
    Federal Reserve ID: 1364857
    Date Established: Febuary 17, 1989
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 39981
    Numeric code: 21
    Regulator: FDIC
    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: Febuary 17, 1989
    Last Structure Change Effective Date: September 01, 1995
    Last Structure Change Process Date: September 27, 1995
    Last Data Update: September 27, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 141 Central Avenue East, Winter Haven, FL 33880
    County: Polk
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Tampa
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Lakeland-Winter Haven, FL (#3980)
    Core Based Statistical Area (CBSA): Lakeland-Winter Haven, FL (#29460)
    CBSA Metro Statistical Area: Lakeland-Winter Haven, FL (#29460)
  • Financial Summary
  • Total assets: $55.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $25Total assets
  • $52,316Cash and due from depository institutions
  • $1,782Interest-bearing balances
  • $0Securities
  • $13,062Federal funds sold & reverse repurchase agreements
  • $1,425Net loans & leases
  • $34,372Loan loss allowance
  • $411Trading account assets
  • $0Bank premises and fixed assets
  • $261Other real estate owned
  • $226Goodwill and other intangibles
  • $1,188Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $52,316Total liabilities
  • $48,125Total deposits
  • $47,934Interest-bearing deposits
  • $40,359Deposits held in domestic offices
  • 47934.00%% insured (estimated)
  • $94Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $191Total equity capital
  • $191Total bank equity capital
  • $4,191Perpetual preferred stock
  • $0Common stock
  • $1,557Surplus
  • $1,495Undivided profits
  • Memoranda
  • $1,139Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $542Income earned, not collected on loans
  • $371Earning assets
  • $48,859Long-term assets (5+ years)
  • $3,575Average Assets, year-to-date
  • $51,755Average Assets, quarterly
  • $51,768Volatile liabilities
  • $7,335Insider loans
  • $2,464FHLB advances
  • $0Loans and leases held for sale
  • $183Unused loan commitments
  • $5,101Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $4,528Total risk weighted assets
  • $36,338Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $3,965Total interest expense
  • $1,563Net interest income
  • $2,402Provision for loan and lease losses
  • $163Total noninterest income
  • $357Fiduciary activities
  • $0Service charges on deposit accounts
  • $208Trading account gains & fees
  • $0Additional noninterest income
  • $149Total noninterest expense
  • $1,831Salaries and employee benefits
  • $815Premises and equipment expense
  • $401Additional noninterest expense
  • $615Pre-tax net operating income
  • $765Securities gains (losses)
  • $0Applicable income taxes
  • $267Income before extraordinary items
  • $498Extraordinary gains - net
  • $0Net income attributable to bank
  • $498Net charge-offs
  • $205Cash dividends
  • $50Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.15%Cost of funding earning assets
  • 3.21%Net interest margin
  • 4.94%Noninterest income to earning assets
  • 0.73%Noninterest expense to earning assets
  • 3.76%Net operating income to assets
  • 0.96%Return on assets (ROA)
  • 0.96%Pretax return on assets
  • 1.48%Return on equity (ROE)
  • 12.02%Retained earnings to average equity (YTD only)
  • 10.81%Net charge-offs to loans
  • 0.63%Credit loss provision to net charge-offs
  • 79.51%Efficiency ratio
  • 66,365Assets per employee
  • 2.09%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 10.04%Loss allowance to loans
  • 1.18%Loss allowance to noncurrent loans
  • 75.83%Noncurrent assets plus other real estate owned to assets
  • 1.47%Noncurrent loans to loans
  • 1.56%Net loans and leases to deposits
  • 71.71%Net loans and leases to core deposits
  • 84.66%Equity capital to assets
  • 8.01%Core capital (leverage) ratio
  • 8.78%Tier 1 risk-based capital ratio
  • 12.46%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $51,755Average earning assets
  • $4,143Average equity
  • $48,658Average loans

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