Commodore Bank in Somerset, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches


Commodore Bank - Overview

  • General
  • FDIC Certificate #: 2289
    Status: Active
    Federal Reserve ID: 548829
    Bank Holding Company (Regulatory Top Holder): Commodore Financial Network, Inc. (RSSDID: 3316403, Location: Somerset, OH)
    Date Established: December 08, 1928
    WWW: http://www.commodorebank.com
    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 #: 1513
    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: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 East Main Street, Somerset, OH 43783
    County: Perry
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Columbus
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $74.3 mil
    Equity capital: $7.2 mil
    Deposits held in domestic offices: $59.8 mil
    Return on assets (ROA): 0.60% ($0.4 mil)
    Quarterly return on assets: 0.78% ($0.6 mil)
    Return on Equity (ROE): 6.73% ($0.5 mil)
    Quarterly return on equity: 8.15% ($0.6 mil)
    Net income: $0.5 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.63% ($468.2 mil)
    Quarterly Pretax return on assets: 0.87% ($646.6 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, 2011)

  • Dollar figures in thousands
  • 22Total employees (full-time equivalent)
  • $74,321Total assets
  • $3,266Cash and due from depository institutions
  • $73Interest-bearing balances
  • $29,166Securities
  • $853Federal funds sold & reverse repurchase agreements
  • $34,309Net loans & leases
  • $346Loan loss allowance
  • $0Trading account assets
  • $2,645Bank premises and fixed assets
  • $520Other real estate owned
  • $87Goodwill and other intangibles
  • $74,320Life insurance assets
  • $3,475All other assets
  • $67,126Total liabilities and capital
  • $59,804Total liabilities
  • $53,314Total deposits
  • $59,804Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,000Trading liabilities
  • $0Other borrowed funds
  • $1,322Subordinated debt
  • $7,194All other liabilities
  • $7,194Total equity capital
  • $7,194Total bank equity capital
  • $0Perpetual preferred stock
  • $92Common stock
  • $2,465Surplus
  • $4,637Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $573Income earned, not collected on loans
  • $0Earning assets
  • $473Long-term assets (5+ years)
  • $64,401Average Assets, year-to-date
  • $44,681Average Assets, quarterly
  • $75,110Volatile liabilities
  • $75,051Insider loans
  • $39,072FHLB advances
  • $74,363Loans and leases held for sale
  • $2,052Unused loan commitments
  • $1,508Tier 1 (core) risk-based capital
  • $6,399Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $544Total unused commitments
  • $4,051Restructured Loans and leases
  • $1,036Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,498Total interest income
  • $713Total interest expense
  • $2,785Net interest income
  • $17Provision for loan and lease losses
  • $516Total noninterest income
  • $0Fiduciary activities
  • $139Service charges on deposit accounts
  • $0Trading account gains & fees
  • $377Additional noninterest income
  • $2,940Total noninterest expense
  • $1,351Salaries and employee benefits
  • $240Premises and equipment expense
  • $1,349Additional noninterest expense
  • $344Pre-tax net operating income
  • $127Securities gains (losses)
  • $20Applicable income taxes
  • $451Income before extraordinary items
  • $0Extraordinary gains - net
  • $451Net income attributable to bank
  • $0Net charge-offs
  • $451Cash dividends
  • $44Sale, conversion, retirement of capital stock, net
  • $166Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.33%Yield on earning assets
  • 1.09%Cost of funding earning assets
  • 4.25%Net interest margin
  • 0.79%Noninterest income to earning assets
  • 4.48%Noninterest expense to earning assets
  • 0.44%Net operating income to assets
  • 0.60%Return on assets (ROA)
  • 0.63%Pretax return on assets
  • 6.73%Return on equity (ROE)
  • 4.25%Retained earnings to average equity (YTD only)
  • 0.13%Net charge-offs to loans
  • 38.64%Credit loss provision to net charge-offs
  • 8.20%Efficiency ratio
  • 89,064Assets per employee
  • 3.38%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 36.81%Loss allowance to loans
  • 1.00%Loss allowance to noncurrent loans
  • 60.38%Noncurrent assets plus other real estate owned to assets
  • 1.47%Noncurrent loans to loans
  • 1.65%Net loans and leases to deposits
  • 57.37%Net loans and leases to core deposits
  • 59.31%Equity capital to assets
  • 9.68%Core capital (leverage) ratio
  • 8.61%Tier 1 risk-based capital ratio
  • 16.38%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $75,110Average earning assets
  • $6,706Average equity
  • $65,601Average loans

List of branches

  • 2 Ohio Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01513Commodore Bank100 East Main Street, Somerset, OH 43783December 08, 1928Full Service Brick and Mortar
    15850Millersport Branch12101 Lancaster Street, Millersport, OH 43046January 01, 1907Full Service Brick and Mortar

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