First National Bank of Commerce in New Orleans, Louisiana (LA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 16, 1998

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

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

Income and Expense (December 31, 1997)

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

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.35%Yield on earning assets
  • 3.99%Cost of funding earning assets
  • 4.36%Net interest margin
  • 2.48%Noninterest income to earning assets
  • 4.04%Noninterest expense to earning assets
  • 1.25%Net operating income to assets
  • 1.25%Return on assets (ROA)
  • 1.84%Pretax return on assets
  • 18.92%Return on equity (ROE)
  • 11.17%Retained earnings to average equity (YTD only)
  • 0.93%Net charge-offs to loans
  • 123.07%Credit loss provision to net charge-offs
  • 4.21%Efficiency ratio
  • 58,121Assets per employee
  • 3.74%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 40.99%Loss allowance to loans
  • 1.49%Loss allowance to noncurrent loans
  • 215.85%Noncurrent assets plus other real estate owned to assets
  • 0.47%Noncurrent loans to loans
  • 0.69%Net loans and leases to deposits
  • 87.75%Net loans and leases to core deposits
  • 106.32%Equity capital to assets
  • 7.12%Core capital (leverage) ratio
  • 6.99%Tier 1 risk-based capital ratio
  • 9.59%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $5,960,381Average earning assets
  • $394,940Average equity
  • $5,508,243Average loans

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