FDIC Certificate #: 35246 Status: Active Federal Reserve ID: 2802945 Bank Holding Company (Regulatory Top Holder): Commercial Bancshares, Inc. (RSSDID: 2802927, Location: Bloomington, MN) Date Established: July 15, 1999 WWW:http://www.1stcommercialbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 76803 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: Yes Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: July 15, 1999 Last Structure Change Effective Date: January 24, 2007 Last Structure Change Process Date: April 12, 2007 Last Data Update: April 12, 2007 Data Source Date: April 05, 2012
Location
Address: 8500 Normandale Lake Boulevard, Suite 110, Bloomington, MN 55437 County: Hennepin Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Minneapolis Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Minneapolis-St. Paul, MN-WI (#5120) Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378) Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460) CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
History of Changes
Change in Primary Regulatory Agency
Change in Supervisory Agency
Institution Withdraws from FRS (Federal Reserve System)
Financial Summary
Total assets: $227.2 mil Equity capital: $6.8 mil Deposits held in domestic offices: $215.8 mil Return on assets (ROA): -3.88% (-$8.8 mil) Quarterly return on assets: -1.52% (-$3.5 mil) Return on Equity (ROE): -95.49% (-$6.7 mil) Quarterly return on equity: -48.90% (-$3.4 mil) Net income: -$9.8 mil Quarterly Net income: -$0.9 mil Pretax return on assets: -3.88% (-$8,815.1 mil) Quarterly Pretax return on assets: -1.51% (-$3,430.6 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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)
$227,194Total assets
$7,159Cash and due from depository institutions
$7,012Interest-bearing balances
$14,369Securities
$2,079Federal funds sold & reverse repurchase agreements
$179,551Net loans & leases
$7,740Loan loss allowance
$0Trading account assets
$267Bank premises and fixed assets
$21,152Other real estate owned
$0Goodwill and other intangibles
$227,194Life insurance assets
$2,617All other assets
$220,434Total liabilities and capital
$215,759Total liabilities
$209,116Total deposits
$215,759Interest-bearing deposits
$97Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$3,800Trading liabilities
$0Other borrowed funds
$875Subordinated debt
$6,760All other liabilities
$6,760Total equity capital
$6,760Total bank equity capital
$0Perpetual preferred stock
$314Common stock
$34,586Surplus
$-28,140Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$23,270Income earned, not collected on loans
$0Earning assets
$992Long-term assets (5+ years)
$203,011Average Assets, year-to-date
$16,768Average Assets, quarterly
$252,210Volatile liabilities
$232,917Insider loans
$178,032FHLB advances
$233,467Loans and leases held for sale
$680Unused loan commitments
$680Tier 1 (core) risk-based capital
$6,690Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$2,452Restructured Loans and leases
$2,645Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$11,752Total interest income
$5,009Total interest expense
$6,743Net interest income
$9,980Provision for loan and lease losses
-$1,070Total noninterest income
$0Fiduciary activities
$132Service charges on deposit accounts
$0Trading account gains & fees
-$1,202Additional noninterest income
$5,772Total noninterest expense
$1,777Salaries and employee benefits
$541Premises and equipment expense
$3,454Additional noninterest expense
-$10,079Pre-tax net operating income
$305Securities gains (losses)
$5Applicable income taxes
-$9,779Income before extraordinary items
$0Extraordinary gains - net
-$9,779Net income attributable to bank
$0Net charge-offs
-$9,779Cash dividends
$8,618Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.21%Yield on earning assets
2.22%Cost of funding earning assets
2.99%Net interest margin
-0.47%Noninterest income to earning assets
2.56%Noninterest expense to earning assets
-4.00%Net operating income to assets
-3.88%Return on assets (ROA)
-3.88%Pretax return on assets
-95.49%Return on equity (ROE)
-95.49%Retained earnings to average equity (YTD only)
4.20%Net charge-offs to loans
115.80%Credit loss provision to net charge-offs
-0.01%Efficiency ratio
101,745Assets per employee
10.33%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.13%Loss allowance to noncurrent loans
33.26%Noncurrent assets plus other real estate owned to assets
19.55%Noncurrent loans to loans
12.42%Net loans and leases to deposits
83.22%Net loans and leases to core deposits
84.37%Equity capital to assets
2.98%Core capital (leverage) ratio
2.87%Tier 1 risk-based capital ratio
3.76%Total risk-based capital ratio
Memoranda
$5Average assets
$252,210Average earning assets
$10,241Average equity
$225,637Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
76803
First Commercial Bank
8500 Normandale Lake Boulevard, Suite 110, Bloomington, MN 55437
July 15, 1999
Full Service Brick and Mortar
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