Commerce Bank of Southwest Florida in Fort Myers, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 20, 2009

  • Commerce Bank of Southwest Florida in Fort Myers, Florida (FL)
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Commerce Bank of Southwest Florida - Overview

  • General
  • FDIC Certificate #: 58016
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Central Bank (#27234)
    Federal Reserve ID: 3379819
    Date Established: September 14, 2005
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 433873
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: September 14, 2005
    Last Structure Change Effective Date: November 20, 2009
    Last Structure Change Process Date: November 23, 2009
    Last Data Update: November 23, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 1520 Royal Palm Square Boulevard, Suite 100, Fort Myers, FL 33919
    County: Lee
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Chicago
    FDIC Field Office: South Florida
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Fort Myers-Cape Coral, FL (#2700)
    Core Based Statistical Area (CBSA): Cape Coral-Fort Myers, FL (#15980)
    CBSA Metro Statistical Area: Cape Coral-Fort Myers, FL (#15980)
  • History of Changes
  • Absorption - Assisted
  • Financial Summary
  • Total assets: $71.0 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, 2008)

  • Dollar figures in thousands
  • 11Total employees (full-time equivalent)
  • $77,381Total assets
  • $9,502Cash and due from depository institutions
  • $9,064Interest-bearing balances
  • $0Securities
  • $448Federal funds sold & reverse repurchase agreements
  • $65,002Net loans & leases
  • $933Loan loss allowance
  • $0Trading account assets
  • $1,017Bank premises and fixed assets
  • $575Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $837All other assets
  • $77,381Total liabilities and capital
  • $72,046Total liabilities
  • $67,185Total deposits
  • $58,524Interest-bearing deposits
  • $67,185Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $4,669Other borrowed funds
  • $0Subordinated debt
  • $192All other liabilities
  • $5,335Total equity capital
  • $5,335Total bank equity capital
  • $5,335Perpetual preferred stock
  • $0Common stock
  • $4,257Surplus
  • $6,681Undivided profits
  • Memoranda
  • $-5,603Noncurrent loans and leases
  • $6,272Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $6,921Earning assets
  • $0Long-term assets (5+ years)
  • $308Average Assets, year-to-date
  • $74,514Average Assets, quarterly
  • $8,546Volatile liabilities
  • $76,276Insider loans
  • $73,905FHLB advances
  • $24,441Loans and leases held for sale
  • $567Unused loan commitments
  • $4,669Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $6,272Total unused commitments
  • $459Restructured Loans and leases
  • $756Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $4,680Total interest income
  • $2,384Total interest expense
  • $2,296Net interest income
  • $2,674Provision for loan and lease losses
  • $120Total noninterest income
  • $0Fiduciary activities
  • $46Service charges on deposit accounts
  • $0Trading account gains & fees
  • $74Additional noninterest income
  • $2,862Total noninterest expense
  • $1,403Salaries and employee benefits
  • $515Premises and equipment expense
  • $944Additional noninterest expense
  • -$3,120Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$3,120Income before extraordinary items
  • $0Extraordinary gains - net
  • -$3,120Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $2,745Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.36%Yield on earning assets
  • 3.24%Cost of funding earning assets
  • 3.12%Net interest margin
  • 0.16%Noninterest income to earning assets
  • 3.89%Noninterest expense to earning assets
  • -4.09%Net operating income to assets
  • -4.09%Return on assets (ROA)
  • -4.09%Pretax return on assets
  • -55.10%Return on equity (ROE)
  • -55.10%Retained earnings to average equity (YTD only)
  • 3.96%Net charge-offs to loans
  • 97.41%Credit loss provision to net charge-offs
  • -0.16%Efficiency ratio
  • 118,460Assets per employee
  • 7.03%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.42%Loss allowance to noncurrent loans
  • 13.48%Noncurrent assets plus other real estate owned to assets
  • 9.69%Noncurrent loans to loans
  • 10.50%Net loans and leases to deposits
  • 96.75%Net loans and leases to core deposits
  • 137.10%Equity capital to assets
  • 6.89%Core capital (leverage) ratio
  • 7.46%Tier 1 risk-based capital ratio
  • 8.84%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $76,276Average earning assets
  • $5,662Average equity
  • $73,634Average loans

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