The Bank of Commerce in Ammon, Idaho (ID)
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| The Bank of Commerce | |
|---|---|
| General | FDIC Certificate #: 18059 Status: Active Federal Reserve ID: 324863 Date Established: August 01, 1959 WWW: http://www.bankofcommerce.org Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 16 (Domestic: 16, Interstate: No) OTS Docket #: 15746 FDIC's unique #: 11983 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Agricultural lending institution: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: August 01, 1959 Last Structure Change Effective Date: July 08, 2009 Last Structure Change Process Date: July 08, 2009 Last Data Update: July 08, 2009 Data Source Date: April 05, 2012 |
| Location | Address: 3113 South 25th East, Ammon, ID 83406 County: Bonneville Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Salt Lake City Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Combined Statistical Area (CSA): Idaho Falls-Blackfoot, ID (#292) Core Based Statistical Area (CBSA): Idaho Falls, ID (#26820) CBSA Metro Statistical Area: Idaho Falls, ID (#26820) |
| Financial Summary | Total assets: $832.9 mil Equity capital: $131.2 mil Deposits held in domestic offices: $698.5 mil Return on assets (ROA): 0.67% ($5.6 mil) Quarterly return on assets: 0.57% ($4.7 mil) Return on Equity (ROE): 4.11% ($5.4 mil) Quarterly return on equity: 3.51% ($4.6 mil) Net income: $5.3 mil Quarterly Net income: $1.2 mil Pretax return on assets: 0.86% ($7,162.7 mil) Quarterly Pretax return on assets: 0.92% ($7,662.5 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 185 |
| Total assets | $832,877 |
| Cash and due from depository institutions | $156,541 |
| Interest-bearing balances | $129,541 |
| Securities | $144,596 |
| Federal funds sold & reverse repurchase agreements | $63,901 |
| Net loans & leases | $438,894 |
| Loan loss allowance | $6,724 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $13,926 |
| Other real estate owned | $6,881 |
| Goodwill and other intangibles | $0 |
| All other assets | $8,138 |
| Life insurance assets | $832,877 |
| Total liabilities and capital | $701,638 |
| Total liabilities | $698,550 |
| Total deposits | $485,376 |
| Interest-bearing deposits | $698,550 |
| Deposits held in domestic offices | $83 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $3,088 |
| All other liabilities | $131,239 |
| Total equity capital | $131,239 |
| Total bank equity capital | $131,239 |
| Perpetual preferred stock | $0 |
| Common stock | $1,000 |
| Surplus | $29,200 |
| Undivided profits | $101,039 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $16,588 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $4,385 |
| Average Assets, year-to-date | $776,932 |
| Average Assets, quarterly | $87,077 |
| Volatile liabilities | $790,836 |
| Insider loans | $816,267 |
| FHLB advances | $550,393 |
| Loans and leases held for sale | $810,502 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $128,680 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $153,656 |
| Derivatives | $19,025 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $33,160 |
| Total interest expense | $4,083 |
| Net interest income | $29,077 |
| Provision for loan and lease losses | $7,817 |
| Total noninterest income | $2,185 |
| Fiduciary activities | $203 |
| Service charges on deposit accounts | $1,824 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $158 |
| Total noninterest expense | $16,668 |
| Salaries and employee benefits | $10,294 |
| Premises and equipment expense | $1,876 |
| Additional noninterest expense | $4,498 |
| Pre-tax net operating income | $6,777 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $1,447 |
| Income before extraordinary items | $5,330 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $5,330 |
| Net charge-offs | $0 |
| Cash dividends | $5,330 |
| Sale, conversion, retirement of capital stock, net | $7,794 |
| Net operating income | $2,600 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.49% |
| Cost of funding earning assets | 0.55% |
| Net interest margin | 3.94% |
| Noninterest income to earning assets | 0.30% |
| Noninterest expense to earning assets | 2.26% |
| Net operating income to assets | 0.67% |
| Return on assets (ROA) | 0.67% |
| Pretax return on assets | 0.86% |
| Return on equity (ROE) | 4.11% |
| Retained earnings to average equity (YTD only) | 2.10% |
| Net charge-offs to loans | 1.72% |
| Credit loss provision to net charge-offs | 100.30% |
| Efficiency ratio | 1.87% |
| Assets per employee | $53,317 |
| Cash dividends to net income (YTD only) | 4.50% |
| Condition Ratios (%) | |
| Loss allowance to loans | 48.78% |
| Loss allowance to noncurrent loans | 1.51% |
| Noncurrent assets plus other real estate owned to assets | 40.54% |
| Noncurrent loans to loans | 2.82% |
| Net loans and leases to deposits | 3.72% |
| Net loans and leases to core deposits | 62.83% |
| Equity capital to assets | 72.40% |
| Core capital (leverage) ratio | 15.76% |
| Tier 1 risk-based capital ratio | 15.88% |
| Total risk-based capital ratio | 23.38% |
| Memoranda | |
| Average assets | $25 |
| Average earning assets | $790,836 |
| Average equity | $129,739 |
| Average loans | $738,920 |
| Total Fiduciary and Related Assets (December 31, 2011) (Dollar figures in thousands) | |
| Total fiduciary and related assets | $1 |
| Number of Fiduciary Accounts and Related Asset Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $25,221 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $22,060 |
| Employee benefit-defined contribution accounts | $11,115 |
| Employee benefit-defined benefit accounts | $10,945 |
| Other retirement accounts | $0 |
| Corporate trust and agency accounts | $0 |
| Investment management agency accounts | $0 |
| Other fiduciary accounts | $0 |
| Fiduciary accounts held in foreign offices | $0 |
| Non-managed Assets | $0 |
| Number of Accounts | 90 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $0 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $3,161 |
| Corporate trust and agency accounts | $27 |
| Other fiduciary accounts | $1,649 |
| Fiduciary accounts held in foreign offices | $587 |
| 16 Idaho Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 11983 | The Bank Of Commerce | 3113 South 25th East, Ammon, ID 83406 | August 01, 1959 | Full Service Brick and Mortar |  |
| 1 | 243782 | Downtown Branch | 375 Yellowstone Ave, Idaho Falls, ID 83402 | October 05, 1964 | Full Service Brick and Mortar |  |
| 2 | 243783 | Eastside Branch | 1770 E 17th St, Idaho Falls, ID 83404 | November 15, 1973 | Full Service Brick and Mortar | |
| 3 | 243784 | Shelley Branch | 270 S Emerson Ave, Shelley, ID 83274 | November 22, 1976 | Full Service Brick and Mortar | |
| 4 | 243785 | Westside Branch | 1730 W Broadway St, Idaho Falls, ID 83402 | March 20, 1981 | Full Service Brick and Mortar | |
| 5 | 243786 | Ririe Branch | 386 Main St, Ririe, ID 83443 | October 24, 1983 | Full Service Brick and Mortar | |
| 11 | 252775 | Arco Branch | 120 W Grand Ave, Arco, ID 83213 | August 12, 1981 | Full Service Brick and Mortar | |
| 12 | 252776 | Mud Lake Branch | 1098 E 1500 N, Terreton, ID 83450 | December 24, 1984 | Full Service Brick and Mortar | |
| 13 | 243791 | Rexburg Branch | 184 E 2nd N, Rexburg, ID 83440 | April 23, 1990 | Full Service Brick and Mortar | |
| 14 | 243792 | Driggs Branch | 65 E Wallace Ave, Driggs, ID 83422 | April 23, 1990 | Full Service Brick and Mortar | |
| 15 | 243793 | Blackfoot Branch | 624 Jensen Grove Drive, Blackfoot, Idaho, Blackfoot, ID 83221 | April 05, 1994 | Full Service Brick and Mortar | |
| 16 | 243794 | American Falls Branch | 590 Tyhee Ave, American Falls, ID 83211 | June 02, 1997 | Full Service Brick and Mortar | |
| 18 | 448855 | Northgate Branch | 1455 Northgate Mile, Idaho Falls, ID 83401 | December 05, 2005 | Full Service Brick and Mortar | |
| 19 | 465566 | Rigby Branch | 463 Rigby Lake Dr, Rigby, ID 83442 | April 02, 2007 | Full Service Brick and Mortar | |
| 20 | 493116 | Rexburg South Branch | 859 S Yellowstone Hwy Suite 2001, Rexburg, ID 83440 | January 12, 2009 | Full Service Brick and Mortar | |
| 21 | 493117 | Pocatello Branch | 241 W Quinn Rd, Pocatello, ID 83201 | March 02, 2009 | Full Service Brick and Mortar | |
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