Commerce State Bank in West Bend, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches

Commerce State Bank - Overview

  • General
  • FDIC Certificate #: 58020
    Status: Active
    Federal Reserve ID: 3366239
    Bank Holding Company (Regulatory Top Holder): Commerce Financial Holdings, Inc. (RSSDID: 3366220, Location: West Bend, WI)
    Date Established: August 31, 2005
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 433911
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: August 31, 2005
    Last Structure Change Effective Date: January 20, 2009
    Last Structure Change Process Date: June 10, 2010
    Last Data Update: June 10, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 1700 S Silverbrook Dr, West Bend, WI 53095
    County: Washington
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Milwaukee
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Milwaukee-Waukesha, WI (#5080)
    Consolidated Metropolitan Statistical Area (CMSA): Milwaukee-Racine, WI (#63)
    Combined Statistical Area (CSA): Milwaukee-Racine-Waukesha, WI (#376)
    Core Based Statistical Area (CBSA): Milwaukee-Waukesha-West Allis, WI (#33340)
    CBSA Metro Statistical Area: Milwaukee-Waukesha-West Allis, WI (#33340)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $317.4 mil
    Equity capital: $30.2 mil
    Deposits held in domestic offices: $271.7 mil
    Return on assets (ROA): 0.12% ($0.4 mil)
    Quarterly return on assets: 0.06% ($0.2 mil)
    Return on Equity (ROE): 1.27% ($0.4 mil)
    Quarterly return on equity: 0.64% ($0.2 mil)
    Net income: $0.4 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.11% ($349.1 mil)
    Quarterly Pretax return on assets: 0.01% ($31.7 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
  • 38Total employees (full-time equivalent)
  • $317,378Total assets
  • $10,584Cash and due from depository institutions
  • $4,906Interest-bearing balances
  • $23,550Securities
  • $5,008Federal funds sold & reverse repurchase agreements
  • $253,634Net loans & leases
  • $5,288Loan loss allowance
  • $0Trading account assets
  • $9,873Bank premises and fixed assets
  • $4,838Other real estate owned
  • $61Goodwill and other intangibles
  • $317,378Life insurance assets
  • $9,830All other assets
  • $287,216Total liabilities and capital
  • $271,674Total liabilities
  • $255,465Total deposits
  • $271,674Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $14,000Trading liabilities
  • $0Other borrowed funds
  • $1,542Subordinated debt
  • $30,162All other liabilities
  • $30,162Total equity capital
  • $30,162Total bank equity capital
  • $0Perpetual preferred stock
  • $1,800Common stock
  • $25,149Surplus
  • $3,213Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $2,990Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $10,069Income earned, not collected on loans
  • $0Earning assets
  • $1,248Long-term assets (5+ years)
  • $287,098Average Assets, year-to-date
  • $15,274Average Assets, quarterly
  • $320,553Volatile liabilities
  • $321,528Insider loans
  • $256,296FHLB advances
  • $320,898Loans and leases held for sale
  • $5,733Unused loan commitments
  • $5,733Tier 1 (core) risk-based capital
  • $29,064Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $15,156Restructured Loans and leases
  • $4,979Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $15,380Total interest income
  • $5,157Total interest expense
  • $10,223Net interest income
  • $4,515Provision for loan and lease losses
  • $749Total noninterest income
  • $0Fiduciary activities
  • $89Service charges on deposit accounts
  • $0Trading account gains & fees
  • $660Additional noninterest income
  • $6,117Total noninterest expense
  • $3,086Salaries and employee benefits
  • $938Premises and equipment expense
  • $2,093Additional noninterest expense
  • $340Pre-tax net operating income
  • $0Securities gains (losses)
  • -$37Applicable income taxes
  • $377Income before extraordinary items
  • $0Extraordinary gains - net
  • $377Net income attributable to bank
  • $0Net charge-offs
  • $377Cash dividends
  • $3,110Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.27%Yield on earning assets
  • 1.77%Cost of funding earning assets
  • 3.50%Net interest margin
  • 0.26%Noninterest income to earning assets
  • 2.10%Noninterest expense to earning assets
  • 0.12%Net operating income to assets
  • 0.12%Return on assets (ROA)
  • 0.11%Pretax return on assets
  • 1.27%Return on equity (ROE)
  • 1.27%Retained earnings to average equity (YTD only)
  • 1.18%Net charge-offs to loans
  • 145.18%Credit loss provision to net charge-offs
  • 1.56%Efficiency ratio
  • 55,751Assets per employee
  • 8.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.04%Loss allowance to noncurrent loans
  • 52.52%Noncurrent assets plus other real estate owned to assets
  • 4.70%Noncurrent loans to loans
  • 3.89%Net loans and leases to deposits
  • 93.36%Net loans and leases to core deposits
  • 134.40%Equity capital to assets
  • 9.50%Core capital (leverage) ratio
  • 9.06%Tier 1 risk-based capital ratio
  • 11.34%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $320,553Average earning assets
  • $29,674Average equity
  • $291,781Average loans

List of branches

  • 2 Wisconsin Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0433911Commerce State Bank1700 S Silverbrook Dr, West Bend, WI 53095August 31, 2005Full Service Brick and Mortar
    1490937Cedarburg BranchW61 N297 Washington Avenue, Suite 5, Cedarburg, WI 53012May 19, 2009Full Service Brick and Mortar

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