Commercial Federal Bank, a Federal Savings Bank in Omaha, Nebraska (NE)



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Table of contents:
Commercial Federal Bank, a Federal Savings Bank
GeneralFDIC Certificate #: 30341
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Bank of the West (#3514)
Federal Reserve ID: 130970
Date Established: January 01, 1887
WWW: http://www.comfedbank.com
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 5198
FDIC's unique #: 43175
Numeric code: 33
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
Oakar Institutions: Yes
State Chartered: No
Date of Deposit Insurance: March 14, 1952
Last Structure Change Effective Date: December 03, 2005
Last Structure Change Process Date: December 07, 2005
Last Data Update: December 07, 2005
Data Source Date: April 05, 2012
LocationAddress: 13220 California Street, Omaha, NE 68154
County: Douglas
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Omaha
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): Omaha, NE-IA (#5920)
Combined Statistical Area (CSA): Omaha-Council Bluffs-Fremont, NE-IA (#420)
Core Based Statistical Area (CBSA): Omaha-Council Bluffs, NE-IA (#36540)
CBSA Metro Statistical Area: Omaha-Council Bluffs, NE-IA (#36540)
Financial SummaryTotal assets: $10,175.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2004)
(Dollar figures in thousands)
Total employees (full-time equivalent)2,671
Total assets$11,452,408
Cash and due from depository institutions$155,755
Interest-bearing balances$2,441
Securities$2,068,067
Federal funds sold & reverse repurchase agreements$33,000
Net loans & leases$7,977,788
Loan loss allowance $80,202
Trading account assets$0
Bank premises and fixed assets$174,391
Other real estate owned$37,318
Goodwill and other intangibles$296,396
All other assets$709,693
Life insurance assets$251,581
Total liabilities and capital$11,452,408
Total liabilities$10,604,073
Total deposits$6,481,926
Interest-bearing deposits$5,480,663
Deposits held in domestic offices$6,481,926
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $100,240
Trading liabilities$0
Other borrowed funds $3,735,065
Subordinated debt $50,000
All other liabilities $236,842
Total equity capital$848,335
Total bank equity capital$848,335
Perpetual preferred stock$848,335
Common stock$0
Surplus$90
Undivided profits $672,130
Memoranda
Noncurrent loans and leases $176,115
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $1,220,109
Income earned, not collected on loans $0
Earning assets $82,897
Long-term assets (5+ years) $34,255
Average Assets, year-to-date $50,401
Average Assets, quarterly $10,081,296
Volatile liabilities $0
Insider loans $11,806,938
FHLB advances $11,435,016
Loans and leases held for sale $5,643,687
Unused loan commitments $1,795
Tier 1 (core) risk-based capital $3,685,630
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $1,220,109
Restructured Loans and leases $22,236
Derivatives$132,862
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Income and Expense (December 31, 2004)
(Dollar figures in thousands)
Total interest income $574,671
Total interest expense $298,388
Net interest income $276,283
Provision for loan and lease losses $11,343
Total noninterest income $106,319
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $106,319
Total noninterest expense $268,551
Salaries and employee benefits $131,388
Premises and equipment expense $59,491
Additional noninterest expense $77,672
Pre-tax net operating income $102,708
Securities gains (losses) $3,757
Applicable income taxes $26,297
Income before extraordinary items $80,168
Extraordinary gains - net $0
Net income attributable to bank $80,168
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $37,048
Net operating income $95,000
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Performance and Condition Ratios (December 31, 2004)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.55%
Cost of funding earning assets 2.88%
Net interest margin 2.67%
Noninterest income to earning assets 1.03%
Noninterest expense to earning assets 2.59%
Net operating income to assets 0.66%
Return on assets (ROA) 0.68%
Pretax return on assets 0.90%
Return on equity (ROE) 9.49%
Retained earnings to average equity (YTD only) -1.76%
Net charge-offs to loans 0.45%
Credit loss provision to net charge-offs 30.62%
Efficiency ratio3.08%
Assets per employee$69,040
Cash dividends to net income (YTD only)4.29%
Condition Ratios (%)
Loss allowance to loans 118.50%
Loss allowance to noncurrent loans 1.00%
Noncurrent assets plus other real estate owned to assets 96.75%
Noncurrent loans to loans 0.87%
Net loans and leases to deposits1.03%
Net loans and leases to core deposits 123.08%
Equity capital to assets 170.70%
Core capital (leverage) ratio 7.41%
Tier 1 risk-based capital ratio 6.19%
Total risk-based capital ratio 9.03%
Memoranda
Average assets$11
Average earning assets$11,806,938
Average equity $844,669
Average loans $10,355,500
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