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

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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
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
Undivided profits $95,428
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
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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
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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%
Average assets$11
Average earning assets$5,960,381
Average equity $394,940
Average loans $5,508,243
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