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
    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

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with New Commerce Bank, National Association.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents