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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