National Bank of Commerce in Superior, Wisconsin (WI), MN



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National Bank of Commerce
GeneralFDIC 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
LocationAddress: 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 ChangesParticipated in Absorption/Consolidation/Merger
Financial SummaryTotal 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)

1992 - 1999 Historical total assets, liabilities and capital ($ 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)
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
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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
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.79%
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 ratio1.20%
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 deposits2.63%
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
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2 Minnesota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
6366071Duluth Branch1314 East Superior Street, Duluth, MN 55805January 01, 2003Full Service Brick and Mortar
8439896Hermantown Branch4105 Richard Avenue, Hermantown, MN 55811December 01, 2004Full Service Brick and Mortar
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5 Wisconsin Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
08911National Bank Of Commerce1127 Tower Avenue, Superior, WI 54880Febuary 07, 1934Full Service Brick and Mortar
4356850Poplar Branch4994 South Memorial Drive, Poplar, WI 54864January 03, 2000Full Service Brick and Mortar
5356852Solon Springs Branch9245 East Main Street, Solon Springs, WI 54873January 03, 2000Full Service Brick and Mortar
7419351Midtown Branch2822 Tower Avenue, Superior, WI 54880March 31, 2003Full Service Brick and Mortar
95542Nbc Mortgage Services Branch1214 Tower Avenue, Superior, WI 54880January 01, 1919Limited Service Loan Production
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