New Commerce Bank, National Association in Greenville, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 08, 2005

  • New Commerce Bank, National Association in Greenville, South Carolina (SC)
  • Show street view No street view available for this location

New Commerce Bank, National Association - Overview

  • General
  • FDIC Certificate #: 35082
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: SCBT National Association (#13425)
    Federal Reserve ID: 2791508
    Date Established: May 17, 1999
    WWW: http://www.newcommercebank.com
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Interstate: No)
    FDIC's unique #: 74659
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: May 17, 1999
    Last Structure Change Effective Date: April 08, 2005
    Last Structure Change Process Date: April 27, 2005
    Last Data Update: April 27, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: 501 New Commerce Court, Greenville, SC 29607
    County: Greenville
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Columbia Sc
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Greenville-Spartanburg-Anderson, SC (#3160)
    Combined Statistical Area (CSA): Greenville-Spartanburg-Anderson, SC (#273)
    Core Based Statistical Area (CBSA): Greenville-Mauldin-Easley, SC (#24860)
    CBSA Metro Statistical Area: Greenville-Mauldin-Easley, SC (#24860)
  • Financial Summary
  • Total assets: $97.4 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, 2004)

  • Dollar figures in thousands
  • 25Total employees (full-time equivalent)
  • $96,059Total assets
  • $1,580Cash and due from depository institutions
  • $186Interest-bearing balances
  • $15,575Securities
  • $5,822Federal funds sold & reverse repurchase agreements
  • $67,457Net loans & leases
  • $912Loan loss allowance
  • $0Trading account assets
  • $3,785Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,840All other assets
  • $96,059Total liabilities and capital
  • $88,321Total liabilities
  • $81,111Total deposits
  • $69,463Interest-bearing deposits
  • $81,111Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $6,750Other borrowed funds
  • $0Subordinated debt
  • $460All other liabilities
  • $7,738Total equity capital
  • $7,738Total bank equity capital
  • $7,738Perpetual preferred stock
  • $0Common stock
  • $4,125Surplus
  • $5,125Undivided profits
  • Memoranda
  • $-1,512Noncurrent loans and leases
  • $16,881Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $390Earning assets
  • $0Long-term assets (5+ years)
  • $350Average Assets, year-to-date
  • $89,040Average Assets, quarterly
  • $12,222Volatile liabilities
  • $91,205Insider loans
  • $95,078FHLB advances
  • $36,859Loans and leases held for sale
  • $2,158Unused loan commitments
  • $6,750Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $16,881Total unused commitments
  • $0Restructured Loans and leases
  • $912Derivatives

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $4,245Total interest income
  • $1,283Total interest expense
  • $2,962Net interest income
  • $1,078Provision for loan and lease losses
  • $496Total noninterest income
  • $0Fiduciary activities
  • $254Service charges on deposit accounts
  • $0Trading account gains & fees
  • $242Additional noninterest income
  • $3,075Total noninterest expense
  • $1,692Salaries and employee benefits
  • $404Premises and equipment expense
  • $979Additional noninterest expense
  • -$695Pre-tax net operating income
  • $0Securities gains (losses)
  • -$257Applicable income taxes
  • -$438Income before extraordinary items
  • $0Extraordinary gains - net
  • -$438Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $892Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.06%Yield on earning assets
  • 1.53%Cost of funding earning assets
  • 3.53%Net interest margin
  • 0.59%Noninterest income to earning assets
  • 3.66%Noninterest expense to earning assets
  • -0.48%Net operating income to assets
  • -0.48%Return on assets (ROA)
  • -0.76%Pretax return on assets
  • -5.70%Return on equity (ROE)
  • -5.70%Retained earnings to average equity (YTD only)
  • 1.41%Net charge-offs to loans
  • 120.85%Credit loss provision to net charge-offs
  • 0.43%Efficiency ratio
  • 88,924Assets per employee
  • 3.84%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.33%Loss allowance to noncurrent loans
  • 233.85%Noncurrent assets plus other real estate owned to assets
  • 0.41%Noncurrent loans to loans
  • 0.57%Net loans and leases to deposits
  • 83.17%Net loans and leases to core deposits
  • 144.29%Equity capital to assets
  • 8.06%Core capital (leverage) ratio
  • 8.36%Tier 1 risk-based capital ratio
  • 9.93%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $91,205Average earning assets
  • $7,681Average equity
  • $83,922Average loans

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