Southern Commerce Bank, National Association in Tampa, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Southern Commerce Bank, National Association in Tampa, Florida (FL)
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Southern Commerce Bank, National Association - Overview

  • General
  • FDIC Certificate #: 26970
    Status: Active
    Federal Reserve ID: 310437
    Bank Holding Company (Regulatory Top Holder): Dickinson Financial Corporation Ii (RSSDID: 2107707, Location: Kansas City, MO)
    Date Established: June 08, 1987
    WWW: http://www.sc-bank.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: 11 (Domestic: 11, Interstate: No)
    FDIC's unique #: 36385
    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: June 08, 1987
    Last Structure Change Effective Date: July 08, 2006
    Last Structure Change Process Date: November 08, 2006
    Last Data Update: November 08, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 5650 Breckenridge Park Drive, Suite 110, Tampa, FL 33610
    County: Hillsborough
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Tampa
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Tampa-St. Petersburg-Clearwater, FL (#8280)
    Core Based Statistical Area (CBSA): Tampa-St. Petersburg-Clearwater, FL (#45300)
    CBSA Metro Statistical Area: Tampa-St. Petersburg-Clearwater, FL (#45300)
  • History of Changes
  • Change in Primary Regulatory Agency
    Name Change
    Change in Supervisory Agency
    Institution Becomes a Member of FRS (Federal Reserve System)
  • Financial Summary
  • Total assets: $107.8 mil
    Equity capital: $15.2 mil
    Deposits held in domestic offices: $90.3 mil
    Return on assets (ROA): -3.69% (-$4.0 mil)
    Quarterly return on assets: -4.10% (-$4.4 mil)
    Return on Equity (ROE): -24.20% (-$3.6 mil)
    Quarterly return on equity: -28.74% (-$4.3 mil)
    Net income: -$4.2 mil
    Quarterly Net income: -$1.1 mil
    Pretax return on assets: -4.86% (-$5,238.8 mil)
    Quarterly Pretax return on assets: -5.61% (-$6,047.2 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
  • 51Total employees (full-time equivalent)
  • $107,794Total assets
  • $26,433Cash and due from depository institutions
  • $22,316Interest-bearing balances
  • $21,396Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $48,888Net loans & leases
  • $7,409Loan loss allowance
  • $0Trading account assets
  • $2,884Bank premises and fixed assets
  • $7,181Other real estate owned
  • $0Goodwill and other intangibles
  • $107,794Life insurance assets
  • $1,012All other assets
  • $92,586Total liabilities and capital
  • $90,343Total liabilities
  • $76,848Total deposits
  • $90,343Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,243Subordinated debt
  • $15,208All other liabilities
  • $15,208Total equity capital
  • $15,208Total bank equity capital
  • $0Perpetual preferred stock
  • $23,000Common stock
  • $36,057Surplus
  • $-43,849Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $22,952Income earned, not collected on loans
  • $1,494Earning assets
  • $211Long-term assets (5+ years)
  • $92,600Average Assets, year-to-date
  • $16,884Average Assets, quarterly
  • $114,974Volatile liabilities
  • $110,628Insider loans
  • $60,047FHLB advances
  • $110,982Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $15,085Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,020Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,829Total interest income
  • $744Total interest expense
  • $2,085Net interest income
  • $1,225Provision for loan and lease losses
  • $443Total noninterest income
  • $0Fiduciary activities
  • $2,710Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$2,267Additional noninterest income
  • $6,896Total noninterest expense
  • $2,512Salaries and employee benefits
  • $1,445Premises and equipment expense
  • $2,939Additional noninterest expense
  • -$5,593Pre-tax net operating income
  • $0Securities gains (losses)
  • -$1,352Applicable income taxes
  • -$4,241Income before extraordinary items
  • $0Extraordinary gains - net
  • -$4,241Net income attributable to bank
  • $0Net charge-offs
  • -$4,241Cash dividends
  • $3,123Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 2.93%Yield on earning assets
  • 0.77%Cost of funding earning assets
  • 2.16%Net interest margin
  • 0.46%Noninterest income to earning assets
  • 7.15%Noninterest expense to earning assets
  • -3.69%Net operating income to assets
  • -3.69%Return on assets (ROA)
  • -4.86%Pretax return on assets
  • -24.20%Return on equity (ROE)
  • -24.20%Retained earnings to average equity (YTD only)
  • 4.75%Net charge-offs to loans
  • 39.23%Credit loss provision to net charge-offs
  • -1.40%Efficiency ratio
  • 272,785Assets per employee
  • 2.11%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 13.16%Loss allowance to noncurrent loans
  • 32.28%Noncurrent assets plus other real estate owned to assets
  • 27.95%Noncurrent loans to loans
  • 40.77%Net loans and leases to deposits
  • 54.11%Net loans and leases to core deposits
  • 56.26%Equity capital to assets
  • 14.11%Core capital (leverage) ratio
  • 13.59%Tier 1 risk-based capital ratio
  • 25.12%Total risk-based capital ratio
  • Memoranda
  • $27Average assets
  • $114,974Average earning assets
  • $17,526Average equity
  • $96,484Average loans

List of branches

  • 11 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    036385Southern Commerce Bank, National Association5650 Breckenridge Park Drive, Suite 110, Tampa, FL 33610June 08, 1987Full Service Brick and Mortar
    2463381Seminole Branch11290 Park Boulevard, Seminole, FL 33772April 02, 2007Full Service Brick and Mortar
    3469187Daytona Beach Branch1101 Beville Road, Daytona Beach, FL 32119October 24, 2007Full Service Retail
    4470081Bradenton Branch1201 Ninth Avenue West, Bradenton, FL 34205December 03, 2007Full Service Brick and Mortar
    5470143Clearwater Branch1810 North Belcher Road, Clearwater, FL 33765November 08, 2007Full Service Brick and Mortar
    6476000Coconut Cree Branch5571 West Hillsboro Blvd., Coconut Creek, FL 33073March 28, 2008Full Service Retail
    7476007Port St. Lucie Branch10855 South U.S. Highway 1, Port Saint Lucie, FL 34952March 19, 2008Full Service Retail
    8476030Ft. Pierce Branch5100 Okeechobee Road, Fort Pierce, FL 34947March 27, 2008Full Service Retail
    9476031Punta Gorda Branch5001 Taylor Road, Punta Gorda, FL 33950April 04, 2008Full Service Retail
    10476959Jacksonville Branch6767 103rd Street, Jacksonville, FL 32210April 16, 2008Full Service Retail
    11478453Gainesville Branch1800 Ne 12th Ave, Gainesville, FL 32641May 07, 2008Full Service Retail

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