CommerceBank in Newport Beach, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 29, 1994

  • CommerceBank in Newport Beach, California (CA)
  • Show street view No street view available for this location

CommerceBank - Overview

  • General
  • FDIC Certificate #: 22796
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: California State Bank (#23888)
    Federal Reserve ID: 401465
    Date Established: Febuary 01, 1979
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Interstate: No)
    FDIC's unique #: 15919
    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 01, 1979
    Last Structure Change Effective Date: July 29, 1994
    Last Structure Change Process Date: August 02, 1994
    Last Data Update: August 02, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 1201 Dove Street, 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
  • Absorption - Assisted
    Corrections
  • Financial Summary
  • Total assets: $142.3 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $101Total assets
  • $188,121Cash and due from depository institutions
  • $9,421Interest-bearing balances
  • $330Securities
  • $18,815Federal funds sold & reverse repurchase agreements
  • $25,100Net loans & leases
  • $111,865Loan loss allowance
  • $6,708Trading account assets
  • $0Bank premises and fixed assets
  • $1,441Other real estate owned
  • $4,668Goodwill and other intangibles
  • $14,672Life insurance assets
  • $2,139All other assets
  • $0Total liabilities and capital
  • $188,121Total liabilities
  • $181,957Total deposits
  • $177,733Interest-bearing deposits
  • $130,250Deposits held in domestic offices
  • 177733.00%% insured (estimated)
  • $82Federal funds purchased & repurchase agreements
  • $453Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $3,771Total equity capital
  • $3,771Total bank equity capital
  • $6,164Perpetual preferred stock
  • $0Common stock
  • $12,525Surplus
  • $0Undivided profits
  • Memoranda
  • $-6,361Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,021Income earned, not collected on loans
  • $750Earning assets
  • $156,110Long-term assets (5+ years)
  • $4,743Average Assets, year-to-date
  • $229,737Average Assets, quarterly
  • $200,133Volatile liabilities
  • $17,210Insider loans
  • $267FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $25,597Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $4,025Total risk weighted assets
  • $141,292Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $15,048Total interest expense
  • $5,724Net interest income
  • $9,324Provision for loan and lease losses
  • $13,250Total noninterest income
  • $4,964Fiduciary activities
  • $0Service charges on deposit accounts
  • $720Trading account gains & fees
  • $0Additional noninterest income
  • $4,244Total noninterest expense
  • $18,391Salaries and employee benefits
  • $5,034Premises and equipment expense
  • $3,320Additional noninterest expense
  • $10,037Pre-tax net operating income
  • -$17,353Securities gains (losses)
  • -$52Applicable income taxes
  • -$4,848Income before extraordinary items
  • -$12,557Extraordinary gains - net
  • $0Net income attributable to bank
  • -$12,557Net charge-offs
  • $12,864Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $250Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.05%Cost of funding earning assets
  • 3.06%Net interest margin
  • 4.99%Noninterest income to earning assets
  • 2.66%Noninterest expense to earning assets
  • 9.84%Net operating income to assets
  • -5.45%Return on assets (ROA)
  • -5.47%Pretax return on assets
  • -7.58%Return on equity (ROE)
  • -98.18%Retained earnings to average equity (YTD only)
  • -98.18%Net charge-offs to loans
  • 8.08%Credit loss provision to net charge-offs
  • 103.00%Efficiency ratio
  • 127,331Assets per employee
  • 1.86%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.66%Loss allowance to noncurrent loans
  • 95.54%Noncurrent assets plus other real estate owned to assets
  • 6.21%Noncurrent loans to loans
  • 5.92%Net loans and leases to deposits
  • 62.94%Net loans and leases to core deposits
  • 69.49%Equity capital to assets
  • 3.28%Core capital (leverage) ratio
  • 2.02%Tier 1 risk-based capital ratio
  • 2.85%Total risk-based capital ratio
  • Memoranda
  • $4Average assets
  • $229,737Average earning assets
  • $12,790Average equity
  • $186,888Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with CommerceBank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents