Commerce National Bank in College Station, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 17, 1997

Commerce National Bank in College Station, Texas (TX)
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Commerce National Bank - Overview

General
FDIC Certificate #: 23334
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Compass Bank (#27419)
Federal Reserve ID: 947459
Date Established: January 05, 1981
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 2 (Interstate: No)
FDIC's unique #: 16353
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: January 05, 1981
Last Structure Change Effective Date: April 17, 1997
Last Structure Change Process Date: May 06, 1997
Last Data Update: May 06, 1997
Data Source Date: April 05, 2012
Location
Address: 2405 Texas Avenue South, College Station, TX 77840
County: Brazos
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Austin
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): Bryan-College Station, TX (#1260)
Core Based Statistical Area (CBSA): College Station-Bryan, TX (#17780)
CBSA Metro Statistical Area: College Station-Bryan, TX (#17780)
Financial Summary
Total assets: $58.0 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$30Total assets
$60,598Cash and due from depository institutions
$2,440Interest-bearing balances
$0Securities
$12,330Federal funds sold & reverse repurchase agreements
$7,820Net loans & leases
$35,076Loan loss allowance
$214Trading account assets
$0Bank premises and fixed assets
$881Other real estate owned
$396Goodwill and other intangibles
$1,655Life insurance assets
$0All other assets
$0Total liabilities and capital
$60,598Total liabilities
$57,564Total deposits
$57,282Interest-bearing deposits
$46,250Deposits held in domestic offices
57282.00%% insured (estimated)
$92Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$5Subordinated debt
$0All other liabilities
$277Total equity capital
$277Total bank equity capital
$3,034Perpetual preferred stock
$0Common stock
$1,003Surplus
$1,104Undivided profits
Memoranda
$927Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$372Income earned, not collected on loans
$404Earning assets
$55,226Long-term assets (5+ years)
$4,623Average Assets, year-to-date
$58,271Average Assets, quarterly
$59,226Volatile liabilities
$8,164Insider loans
$533FHLB advances
$0Loans and leases held for sale
$9,131Unused loan commitments
$1,855Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,118Total risk weighted assets
$30,637Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$4,189Total interest expense
$1,839Net interest income
$2,350Provision for loan and lease losses
$231Total noninterest income
$1,082Fiduciary activities
$0Service charges on deposit accounts
$727Trading account gains & fees
$0Additional noninterest income
$355Total noninterest expense
$2,772Salaries and employee benefits
$1,245Premises and equipment expense
$456Additional noninterest expense
$1,071Pre-tax net operating income
$429Securities gains (losses)
$15Applicable income taxes
$206Income before extraordinary items
$238Extraordinary gains - net
$0Net income attributable to bank
$238Net charge-offs
$151Cash dividends
$253Sale, conversion, retirement of capital stock, net
$5Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.86%Cost of funding earning assets
3.45%Net interest margin
4.41%Noninterest income to earning assets
2.03%Noninterest expense to earning assets
5.20%Net operating income to assets
0.39%Return on assets (ROA)
0.41%Pretax return on assets
0.76%Return on equity (ROE)
7.67%Retained earnings to average equity (YTD only)
-0.48%Net charge-offs to loans
0.44%Credit loss provision to net charge-offs
152.98%Efficiency ratio
80,769Assets per employee
2.02%Cash dividends to net income (YTD only)
Condition Ratios (%)
106.30%Loss allowance to loans
0.61%Loss allowance to noncurrent loans
57.53%Noncurrent assets plus other real estate owned to assets
1.27%Noncurrent loans to loans
1.05%Net loans and leases to deposits
61.23%Net loans and leases to core deposits
71.41%Equity capital to assets
5.01%Core capital (leverage) ratio
5.19%Tier 1 risk-based capital ratio
10.18%Total risk-based capital ratio
Memoranda
$11Average assets
$58,271Average earning assets
$3,105Average equity
$53,326Average loans

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