Commerce National Bank in Newport Beach, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Commerce National Bank in Newport Beach, California (CA)
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Commerce National Bank - Overview

  • General
  • FDIC Certificate #: 57566
    Status: Active
    Federal Reserve ID: 3227442
    Date Established: December 17, 2003
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 365629
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: December 17, 2003
    Last Structure Change Effective Date: Febuary 07, 2007
    Last Structure Change Process Date: March 27, 2007
    Last Data Update: March 27, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 4040 Macarthur Boulevard, Suite 100, Newport Beach, CA 92660
    County: Orange
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Orange
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Orange County, CA (#5945)
    Consolidated Metropolitan Statistical Area (CMSA): Los Angeles-Riverside-Orange County, CA (#49)
    Combined Statistical Area (CSA): Los Angeles-Long Beach-Riverside, CA (#348)
    Core Based Statistical Area (CBSA): Los Angeles-Long Beach-Santa Ana, CA (#31100)
    CBSA Metro Statistical Area: Los Angeles-Long Beach-Santa Ana, CA (#31100)
    Core Based Statistical Division: Santa Ana-Anaheim-Irvine, CA (#42044)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $236.5 mil
    Equity capital: $28.2 mil
    Deposits held in domestic offices: $206.7 mil
    Return on assets (ROA): 0.26% ($0.6 mil)
    Quarterly return on assets: 0.36% ($0.8 mil)
    Return on Equity (ROE): 2.42% ($0.7 mil)
    Quarterly return on equity: 3.09% ($0.9 mil)
    Net income: $0.7 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.47% ($1,111.5 mil)
    Quarterly Pretax return on assets: 0.67% ($1,584.4 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, 2011)

  • Dollar figures in thousands
  • 39Total employees (full-time equivalent)
  • $236,480Total assets
  • $11,659Cash and due from depository institutions
  • $8,415Interest-bearing balances
  • $69,898Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $145,929Net loans & leases
  • $4,756Loan loss allowance
  • $0Trading account assets
  • $609Bank premises and fixed assets
  • $1,529Other real estate owned
  • $585Goodwill and other intangibles
  • $236,480Life insurance assets
  • $6,271All other assets
  • $208,250Total liabilities and capital
  • $206,688Total liabilities
  • $154,543Total deposits
  • $206,688Interest-bearing deposits
  • $49Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,562Subordinated debt
  • $28,230All other liabilities
  • $28,230Total equity capital
  • $28,230Total bank equity capital
  • $0Perpetual preferred stock
  • $13,303Common stock
  • $18,730Surplus
  • $-3,803Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $3,164Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,180Income earned, not collected on loans
  • $0Earning assets
  • $942Long-term assets (5+ years)
  • $224,242Average Assets, year-to-date
  • $62,013Average Assets, quarterly
  • $257,846Volatile liabilities
  • $239,500Insider loans
  • $165,477FHLB advances
  • $244,047Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $28,170Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $30,160Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,868Total interest income
  • $1,237Total interest expense
  • $9,631Net interest income
  • $2,811Provision for loan and lease losses
  • $2,809Total noninterest income
  • $0Fiduciary activities
  • $62Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,747Additional noninterest income
  • $8,514Total noninterest expense
  • $4,399Salaries and employee benefits
  • $814Premises and equipment expense
  • $3,301Additional noninterest expense
  • $1,115Pre-tax net operating income
  • $86Securities gains (losses)
  • $525Applicable income taxes
  • $676Income before extraordinary items
  • $0Extraordinary gains - net
  • $676Net income attributable to bank
  • $0Net charge-offs
  • $676Cash dividends
  • $1,459Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.46%Yield on earning assets
  • 0.51%Cost of funding earning assets
  • 3.95%Net interest margin
  • 1.15%Noninterest income to earning assets
  • 3.49%Noninterest expense to earning assets
  • 0.24%Net operating income to assets
  • 0.26%Return on assets (ROA)
  • 0.47%Pretax return on assets
  • 2.42%Return on equity (ROE)
  • 2.42%Retained earnings to average equity (YTD only)
  • 0.95%Net charge-offs to loans
  • 192.67%Credit loss provision to net charge-offs
  • 2.69%Efficiency ratio
  • 68,441Assets per employee
  • 6.06%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.16%Loss allowance to noncurrent loans
  • 149.56%Noncurrent assets plus other real estate owned to assets
  • 1.99%Noncurrent loans to loans
  • 2.11%Net loans and leases to deposits
  • 70.60%Net loans and leases to core deposits
  • 144.47%Equity capital to assets
  • 11.94%Core capital (leverage) ratio
  • 11.54%Tier 1 risk-based capital ratio
  • 17.02%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $257,846Average earning assets
  • $27,883Average equity
  • $243,909Average loans

List of branches

  • 1 California Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0365629Commerce National Bank4040 Macarthur Boulevard, Suite 100, Newport Beach, CA 92660December 17, 2003Full Service Brick and Mortar

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