First National Bank of Commerce in New Orleans, Louisiana (LA)



Show street view No street view available for this location
Table of contents:
First National Bank of Commerce
GeneralFDIC Certificate #: 4298
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Bank One, Louisiana, National Association (#4306)
Federal Reserve ID: 78335
Date Established: May 22, 1933
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 53 (Interstate: No)
FDIC's unique #: 2819
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: November 16, 1998
Last Structure Change Process Date: Febuary 01, 1999
Last Data Update: Febuary 01, 1999
Data Source Date: April 05, 2012
LocationAddress: 210 Baronne Street, New Orleans, LA 70112
County: Orleans
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Chicago
FDIC Field Office: Baton Rouge
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Western
Metropolitan Statistical Area (MSA): New Orleans, LA (#5560)
Combined Statistical Area (CSA): New Orleans-Metairie-Bogalusa, LA (#406)
Core Based Statistical Area (CBSA): New Orleans-Metairie-Kenner, LA (#35380)
CBSA Metro Statistical Area: New Orleans-Metairie-Kenner, LA (#35380)
Financial SummaryTotal assets: $5,556.6 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)
(Dollar figures in thousands)
Total employees (full-time equivalent)1,585
Total assets$5,930,306
Cash and due from depository institutions$245,787
Interest-bearing balances$20
Securities$1,455,663
Federal funds sold & reverse repurchase agreements$104,500
Net loans & leases$3,895,416
Loan loss allowance $58,849
Trading account assets$8,261
Bank premises and fixed assets$78,712
Other real estate owned$606
Goodwill and other intangibles$11,415
All other assets$129,946
Life insurance assets$0
Total liabilities and capital$5,930,306
Total liabilities$5,508,003
Total deposits$4,439,073
Interest-bearing deposits$3,600,125
Deposits held in domestic offices$4,404,566
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $551,068
Trading liabilities$0
Other borrowed funds $456,912
Subordinated debt $0
All other liabilities $60,950
Total equity capital$422,303
Total bank equity capital$422,303
Perpetual preferred stock$422,303
Common stock$0
Surplus$9,275
Undivided profits $95,428
Memoranda
Noncurrent loans and leases $317,600
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $27,264
Long-term assets (5+ years) $3,834
Average Assets, year-to-date $39,930
Average Assets, quarterly $5,463,860
Volatile liabilities $783,891
Insider loans $5,960,381
FHLB advances $5,876,645
Loans and leases held for sale $1,528,805
Unused loan commitments $76,830
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $23,551
Total unused commitments $4,884,199
Restructured Loans and leases $0
Derivatives$4,196,533
Back to page top, Back to table top

Income and Expense (December 31, 1997)
(Dollar figures in thousands)
Total interest income $459,953
Total interest expense $220,005
Net interest income $239,948
Provision for loan and lease losses $45,086
Total noninterest income $136,681
Fiduciary activities $14,350
Service charges on deposit accounts $28,491
Trading account gains & fees $0
Additional noninterest income $93,840
Total noninterest expense $222,448
Salaries and employee benefits $74,215
Premises and equipment expense $17,043
Additional noninterest expense $131,190
Pre-tax net operating income $109,095
Securities gains (losses) $348
Applicable income taxes $34,702
Income before extraordinary items $74,741
Extraordinary gains - net $0
Net income attributable to bank $74,741
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $36,635
Net operating income $30,633
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 1997)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets8.35%
Cost of funding earning assets 3.99%
Net interest margin 4.36%
Noninterest income to earning assets 2.48%
Noninterest expense to earning assets 4.04%
Net operating income to assets 1.25%
Return on assets (ROA) 1.25%
Pretax return on assets 1.84%
Return on equity (ROE) 18.92%
Retained earnings to average equity (YTD only) 11.17%
Net charge-offs to loans 0.93%
Credit loss provision to net charge-offs 123.07%
Efficiency ratio4.21%
Assets per employee$58,121
Cash dividends to net income (YTD only)3.74%
Condition Ratios (%)
Loss allowance to loans 40.99%
Loss allowance to noncurrent loans 1.49%
Noncurrent assets plus other real estate owned to assets 215.85%
Noncurrent loans to loans 0.47%
Net loans and leases to deposits0.69%
Net loans and leases to core deposits 87.75%
Equity capital to assets 106.32%
Core capital (leverage) ratio 7.12%
Tier 1 risk-based capital ratio 6.99%
Total risk-based capital ratio 9.59%
Memoranda
Average assets$11
Average earning assets$5,960,381
Average equity $394,940
Average loans $5,508,243
Back to page top, Back to table top

User Contributions:

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

CAPTCHA


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First National Bank of Commerce.
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.