The Bank of Commerce in Wood Dale, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 25, 2011

  • The Bank of Commerce in Wood Dale, Illinois (IL)
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The Bank of Commerce - Overview

  • General
  • FDIC Certificate #: 34292
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Schaumburg Bank & Trust Company, National Association (#57103)
    Federal Reserve ID: 2568120
    Date Established: April 21, 1997
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 57051
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: April 21, 1997
    Last Structure Change Effective Date: March 25, 2011
    Last Structure Change Process Date: March 28, 2011
    Last Data Update: March 28, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 171 East Irving Park Road, Wood Dale, IL 60191
    County: Dupage
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Chicago
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Chicago, IL (#1600)
    Consolidated Metropolitan Statistical Area (CMSA): Chicago-Gary-Kenosha, IL-IN-WI (#14)
    Combined Statistical Area (CSA): Chicago-Naperville-Michigan City, IL-IN-WI (#176)
    Core Based Statistical Area (CBSA): Chicago-Joliet-Naperville, IL-IN-WI (#16980)
    CBSA Metro Statistical Area: Chicago-Joliet-Naperville, IL-IN-WI (#16980)
    Core Based Statistical Division: Chicago-Joliet-Naperville, IL (#16974)
  • Financial Summary
  • Total assets: $163.1 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, 2010)

  • Dollar figures in thousands
  • 15Total employees (full-time equivalent)
  • $163,074Total assets
  • $19,087Cash and due from depository institutions
  • $18,494Interest-bearing balances
  • $0Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $126,221Net loans & leases
  • $8,394Loan loss allowance
  • $0Trading account assets
  • $3,385Bank premises and fixed assets
  • $13,127Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,254All other assets
  • $163,074Total liabilities and capital
  • $162,379Total liabilities
  • $161,379Total deposits
  • $156,986Interest-bearing deposits
  • $161,379Deposits held in domestic offices
  • 98.25%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,000All other liabilities
  • $695Total equity capital
  • $695Total bank equity capital
  • $695Perpetual preferred stock
  • $0Common stock
  • $4,045Surplus
  • $15,520Undivided profits
  • Memoranda
  • $-18,870Noncurrent loans and leases
  • $896Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $38,113Earning assets
  • $0Long-term assets (5+ years)
  • $362Average Assets, year-to-date
  • $144,715Average Assets, quarterly
  • $1,920Volatile liabilities
  • $182,418Insider loans
  • $165,987FHLB advances
  • $89,317Loans and leases held for sale
  • $2,198Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $896Total unused commitments
  • $9,947Restructured Loans and leases
  • $695Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $7,130Total interest income
  • $3,888Total interest expense
  • $3,242Net interest income
  • $5,352Provision for loan and lease losses
  • -$997Total noninterest income
  • $0Fiduciary activities
  • $37Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$1,034Additional noninterest income
  • $5,245Total noninterest expense
  • $964Salaries and employee benefits
  • $219Premises and equipment expense
  • $4,062Additional noninterest expense
  • -$8,352Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$8,352Income before extraordinary items
  • $0Extraordinary gains - net
  • -$8,352Net income attributable to bank
  • $0Net charge-offs
  • -$8,352Cash dividends
  • $5,056Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.24%Yield on earning assets
  • 2.31%Cost of funding earning assets
  • 1.93%Net interest margin
  • -0.59%Noninterest income to earning assets
  • 3.12%Noninterest expense to earning assets
  • -4.58%Net operating income to assets
  • -4.58%Return on assets (ROA)
  • -4.58%Pretax return on assets
  • -161.70%Return on equity (ROE)
  • -161.70%Retained earnings to average equity (YTD only)
  • 3.34%Net charge-offs to loans
  • 105.85%Credit loss provision to net charge-offs
  • -0.59%Efficiency ratio
  • 233,630Assets per employee
  • 10.87%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 6.24%Loss allowance to noncurrent loans
  • 22.02%Noncurrent assets plus other real estate owned to assets
  • 31.42%Noncurrent loans to loans
  • 28.31%Net loans and leases to deposits
  • 78.21%Net loans and leases to core deposits
  • 175.16%Equity capital to assets
  • 0.43%Core capital (leverage) ratio
  • 0.41%Tier 1 risk-based capital ratio
  • 0.51%Total risk-based capital ratio
  • Memoranda
  • $1Average assets
  • $182,418Average earning assets
  • $5,165Average equity
  • $168,346Average loans

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