National Bank of Commerce in Superior, Wisconsin (WI), MN
| National Bank of Commerce | |
|---|---|
| General | FDIC Certificate #: 14266 Status: Active Federal Reserve ID: 775456 Bank Holding Company (Regulatory Top Holder): Natcom Bancshares,inc. (RSSDID: 2665739, Location: Superior, WI) Date Established: Febuary 07, 1934 WWW: http://www.nbofc.com Trust Powers Granted: No Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 7 (Domestic: 7, Interstate: Yes) OTS Docket #: 14585 FDIC's unique #: 8911 Numeric code: 3 Regulator: OCC 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: No Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: April 23, 1934 Last Structure Change Effective Date: November 15, 2008 Last Structure Change Process Date: December 02, 2008 Last Data Update: December 02, 2008 Data Source Date: April 05, 2012 |
| Location | Address: 1127 Tower Avenue, Superior, WI 54880 County: Douglas Quarterly Banking Profile Region: Chicago FDIC Geographic Region: Chicago FDIC Supervisory Region: Chicago FDIC Field Office: Eau Claire Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: Central Metropolitan Statistical Area (MSA): Duluth-Superior, MN-WI (#2240) Core Based Statistical Area (CBSA): Duluth, MN-WI (#20260) CBSA Metro Statistical Area: Duluth, MN-WI (#20260) |
| History of Changes | Participated in Absorption/Consolidation/Merger |
| Financial Summary | Total assets: $539.6 mil Equity capital: $61.2 mil Deposits held in domestic offices: $449.5 mil Return on assets (ROA): 0.35% ($1.9 mil) Quarterly return on assets: -1.05% (-$5.7 mil) Return on Equity (ROE): 2.98% ($1.8 mil) Quarterly return on equity: -8.95% (-$5.5 mil) Net income: $1.8 mil Quarterly Net income: -$1.4 mil Pretax return on assets: 0.57% ($3,075.8 mil) Quarterly Pretax return on assets: -0.96% (-$5,180.3 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 105 |
| Total assets | $539,612 |
| Cash and due from depository institutions | $67,240 |
| Interest-bearing balances | $59,186 |
| Securities | $107,604 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $329,071 |
| Loan loss allowance | $3,515 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $9,181 |
| Other real estate owned | $3,923 |
| Goodwill and other intangibles | $3,725 |
| All other assets | $18,868 |
| Life insurance assets | $539,612 |
| Total liabilities and capital | $478,391 |
| Total liabilities | $449,544 |
| Total deposits | $374,944 |
| Interest-bearing deposits | $449,544 |
| Deposits held in domestic offices | $89 |
| % insured (estimated) | 20636.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $5,000 |
| Other borrowed funds | $0 |
| Subordinated debt | $3,211 |
| All other liabilities | $61,221 |
| Total equity capital | $61,221 |
| Total bank equity capital | $61,221 |
| Perpetual preferred stock | $0 |
| Common stock | $1,900 |
| Surplus | $37,748 |
| Undivided profits | $21,573 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $389 |
| Income earned, not collected on loans | $8,739 |
| Earning assets | $181 |
| Long-term assets (5+ years) | $1,834 |
| Average Assets, year-to-date | $495,861 |
| Average Assets, quarterly | $118,283 |
| Volatile liabilities | $525,562 |
| Insider loans | $536,658 |
| FHLB advances | $360,136 |
| Loans and leases held for sale | $539,531 |
| Unused loan commitments | $12,309 |
| Tier 1 (core) risk-based capital | $10,400 |
| Tier 2 risk-based capital | $55,034 |
| Total risk weighted assets | $0 |
| Total unused commitments | $1,909 |
| Restructured Loans and leases | $73,022 |
| Derivatives | $16,529 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $22,978 |
| Total interest expense | $6,380 |
| Net interest income | $16,598 |
| Provision for loan and lease losses | -$335 |
| Total noninterest income | $2,520 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $1,461 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $1,059 |
| Total noninterest expense | $15,497 |
| Salaries and employee benefits | $7,066 |
| Premises and equipment expense | $1,370 |
| Additional noninterest expense | $7,061 |
| Pre-tax net operating income | $3,956 |
| Securities gains (losses) | -$965 |
| Applicable income taxes | $1,162 |
| Income before extraordinary items | $1,829 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $1,829 |
| Net charge-offs | $0 |
| Cash dividends | $1,829 |
| Sale, conversion, retirement of capital stock, net | $3,014 |
| Net operating income | $2,000 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.79% |
| Cost of funding earning assets | 1.33% |
| Net interest margin | 3.46% |
| Noninterest income to earning assets | 0.53% |
| Noninterest expense to earning assets | 3.23% |
| Net operating income to assets | 0.47% |
| Return on assets (ROA) | 0.35% |
| Pretax return on assets | 0.57% |
| Return on equity (ROE) | 2.98% |
| Retained earnings to average equity (YTD only) | -0.28% |
| Net charge-offs to loans | 0.89% |
| Credit loss provision to net charge-offs | -11.11% |
| Efficiency ratio | 1.20% |
| Assets per employee | $67,915 |
| Cash dividends to net income (YTD only) | 5.14% |
| Condition Ratios (%) | |
| Loss allowance to loans | 109.35% |
| Loss allowance to noncurrent loans | 1.06% |
| Noncurrent assets plus other real estate owned to assets | 40.22% |
| Noncurrent loans to loans | 2.35% |
| Net loans and leases to deposits | 2.63% |
| Net loans and leases to core deposits | 73.20% |
| Equity capital to assets | 102.50% |
| Core capital (leverage) ratio | 11.35% |
| Tier 1 risk-based capital ratio | 10.20% |
| Total risk-based capital ratio | 15.28% |
| Memoranda | |
| Average assets | $16 |
| Average earning assets | $525,562 |
| Average equity | $61,422 |
| Average loans | $479,678 |
| 2 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 6 | 366071 | Duluth Branch | 1314 East Superior Street, Duluth, MN 55805 | January 01, 2003 | Full Service Brick and Mortar |  |
| 8 | 439896 | Hermantown Branch | 4105 Richard Avenue, Hermantown, MN 55811 | December 01, 2004 | Full Service Brick and Mortar | |
| 5 Wisconsin Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 8911 | National Bank Of Commerce | 1127 Tower Avenue, Superior, WI 54880 | Febuary 07, 1934 | Full Service Brick and Mortar |  |
| 4 | 356850 | Poplar Branch | 4994 South Memorial Drive, Poplar, WI 54864 | January 03, 2000 | Full Service Brick and Mortar | |
| 5 | 356852 | Solon Springs Branch | 9245 East Main Street, Solon Springs, WI 54873 | January 03, 2000 | Full Service Brick and Mortar | |
| 7 | 419351 | Midtown Branch | 2822 Tower Avenue, Superior, WI 54880 | March 31, 2003 | Full Service Brick and Mortar | |
| 9 | 5542 | Nbc Mortgage Services Branch | 1214 Tower Avenue, Superior, WI 54880 | January 01, 1919 | Limited Service Loan Production | |
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