Ohio Commerce Bank in Beachwood, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches


Ohio Commerce Bank - Overview

  • General
  • FDIC Certificate #: 58198
    Status: Active
    Federal Reserve ID: 3430738
    Date Established: November 02, 2006
    WWW: http://www.ohiocommercebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 18041
    FDIC's unique #: 441892
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: November 02, 2006
    Last Structure Change Effective Date: November 14, 2011
    Last Structure Change Process Date: November 15, 2011
    Last Data Update: November 15, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 24400 Chagrin Boulevard, Suite 100, Beachwood, OH 44122
    County: Cuyahoga
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Columbus
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Cleveland-Lorain-Elyria, OH (#1680)
    Consolidated Metropolitan Statistical Area (CMSA): Cleveland-Akron, OH (#28)
    Combined Statistical Area (CSA): Cleveland-Akron-Elyria, OH (#184)
    Core Based Statistical Area (CBSA): Cleveland-Elyria-Mentor, OH (#17460)
    CBSA Metro Statistical Area: Cleveland-Elyria-Mentor, OH (#17460)
  • Financial Summary
  • Total assets: $110.2 mil
    Equity capital: $10.8 mil
    Deposits held in domestic offices: $99.3 mil
    Return on assets (ROA): 0.67% ($0.7 mil)
    Quarterly return on assets: 0.87% ($1.0 mil)
    Return on Equity (ROE): 5.78% ($0.6 mil)
    Quarterly return on equity: 8.04% ($0.9 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.03% ($1,135.4 mil)
    Quarterly Pretax return on assets: 1.34% ($1,477.2 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
  • 22Total employees (full-time equivalent)
  • $110,237Total assets
  • $30,303Cash and due from depository institutions
  • $27,359Interest-bearing balances
  • $4,897Securities
  • $1,257Federal funds sold & reverse repurchase agreements
  • $72,053Net loans & leases
  • $1,122Loan loss allowance
  • $0Trading account assets
  • $296Bank premises and fixed assets
  • $0Other real estate owned
  • $131Goodwill and other intangibles
  • $110,237Life insurance assets
  • $1,300All other assets
  • $99,439Total liabilities and capital
  • $99,346Total liabilities
  • $73,079Total deposits
  • $99,346Interest-bearing deposits
  • $79Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $93Subordinated debt
  • $10,798All other liabilities
  • $10,798Total equity capital
  • $10,798Total bank equity capital
  • $0Perpetual preferred stock
  • $6,002Common stock
  • $4,711Surplus
  • $85Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $4,983Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,556Income earned, not collected on loans
  • $193Earning assets
  • $281Long-term assets (5+ years)
  • $105,566Average Assets, year-to-date
  • $15,781Average Assets, quarterly
  • $90,752Volatile liabilities
  • $99,288Insider loans
  • $71,846FHLB advances
  • $97,935Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $10,753Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $29,184Restructured Loans and leases
  • $2,760Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,792Total interest income
  • $474Total interest expense
  • $3,318Net interest income
  • $457Provision for loan and lease losses
  • $588Total noninterest income
  • $0Fiduciary activities
  • $71Service charges on deposit accounts
  • $0Trading account gains & fees
  • $517Additional noninterest income
  • $2,518Total noninterest expense
  • $1,378Salaries and employee benefits
  • $230Premises and equipment expense
  • $910Additional noninterest expense
  • $931Pre-tax net operating income
  • $0Securities gains (losses)
  • $324Applicable income taxes
  • $607Income before extraordinary items
  • $0Extraordinary gains - net
  • $607Net income attributable to bank
  • $0Net charge-offs
  • $607Cash dividends
  • $341Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.34%Yield on earning assets
  • 0.54%Cost of funding earning assets
  • 3.79%Net interest margin
  • 0.67%Noninterest income to earning assets
  • 2.88%Noninterest expense to earning assets
  • 0.67%Net operating income to assets
  • 0.67%Return on assets (ROA)
  • 1.03%Pretax return on assets
  • 5.78%Return on equity (ROE)
  • 5.78%Retained earnings to average equity (YTD only)
  • 0.51%Net charge-offs to loans
  • 134.02%Credit loss provision to net charge-offs
  • 4.07%Efficiency ratio
  • 64,465Assets per employee
  • 5.01%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.53%Loss allowance to noncurrent loans
  • 72.11%Noncurrent assets plus other real estate owned to assets
  • 1.41%Noncurrent loans to loans
  • 2.13%Net loans and leases to deposits
  • 72.53%Net loans and leases to core deposits
  • 90.58%Equity capital to assets
  • 9.80%Core capital (leverage) ratio
  • 10.98%Tier 1 risk-based capital ratio
  • 14.97%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $90,752Average earning assets
  • $10,497Average equity
  • $87,457Average loans

List of branches

  • 1 Ohio Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0441892Ohio Commerce Bank24400 Chagrin Boulevard, Suite 100, Beachwood, OH 44122November 02, 2006Full Service Brick and Mortar

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