The Bank of Commerce in Sarasota, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • The Bank of Commerce in Sarasota, Florida (FL)
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The Bank of Commerce - Overview

  • General
  • FDIC Certificate #: 35451
    Status: Active
    Federal Reserve ID: 2938143
    Bank Holding Company (Regulatory Top Holder): Bank Of Commerce Holdings, Inc. (RSSDID: 3169748, Location: Sarasota, FL)
    Date Established: September 01, 2000
    WWW: http://www.bankofcommercefl.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 80229
    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: September 01, 2000
    Last Structure Change Effective Date: July 27, 2007
    Last Structure Change Process Date: July 27, 2007
    Last Data Update: July 27, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 1858 Ringling Boulevard, Sarasota, FL 34236
    County: Sarasota
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Tampa
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Sarasota-Bradenton, FL (#7510)
    Combined Statistical Area (CSA): Sarasota-Bradenton-Punta Gorda, FL (#494)
    Core Based Statistical Area (CBSA): North Port-Bradenton-Sarasota, FL (#35840)
    CBSA Metro Statistical Area: North Port-Bradenton-Sarasota, FL (#35840)
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $249.6 mil
    Equity capital: $7.5 mil
    Deposits held in domestic offices: $206.8 mil
    Return on assets (ROA): -2.99% (-$7.5 mil)
    Quarterly return on assets: -8.70% (-$21.8 mil)
    Return on Equity (ROE): -63.90% (-$4.5 mil)
    Quarterly return on equity: -214.69% (-$15.0 mil)
    Net income: -$8.1 mil
    Quarterly Net income: -$5.5 mil
    Pretax return on assets: -1.68% (-$4,193.5 mil)
    Quarterly Pretax return on assets: -0.13% (-$324.5 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
  • 35Total employees (full-time equivalent)
  • $249,612Total assets
  • $7,903Cash and due from depository institutions
  • $6,415Interest-bearing balances
  • $38,958Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $183,616Net loans & leases
  • $4,239Loan loss allowance
  • $0Trading account assets
  • $3,012Bank premises and fixed assets
  • $12,642Other real estate owned
  • $0Goodwill and other intangibles
  • $249,612Life insurance assets
  • $3,481All other assets
  • $242,143Total liabilities and capital
  • $206,762Total liabilities
  • $187,864Total deposits
  • $206,762Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $30,000Trading liabilities
  • $5,000Other borrowed funds
  • $381Subordinated debt
  • $7,469All other liabilities
  • $7,469Total equity capital
  • $7,469Total bank equity capital
  • $0Perpetual preferred stock
  • $6,147Common stock
  • $17,692Surplus
  • $-16,370Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $13,956Income earned, not collected on loans
  • $0Earning assets
  • $914Long-term assets (5+ years)
  • $228,989Average Assets, year-to-date
  • $39,100Average Assets, quarterly
  • $271,604Volatile liabilities
  • $252,192Insider loans
  • $196,035FHLB advances
  • $256,608Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $7,159Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $10,939Restructured Loans and leases
  • $1,526Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,497Total interest income
  • $3,409Total interest expense
  • $8,088Net interest income
  • $4,873Provision for loan and lease losses
  • $481Total noninterest income
  • $0Fiduciary activities
  • $58Service charges on deposit accounts
  • $0Trading account gains & fees
  • $423Additional noninterest income
  • $8,577Total noninterest expense
  • $2,811Salaries and employee benefits
  • $2,028Premises and equipment expense
  • $3,738Additional noninterest expense
  • -$4,881Pre-tax net operating income
  • $307Securities gains (losses)
  • $3,550Applicable income taxes
  • -$8,124Income before extraordinary items
  • $0Extraordinary gains - net
  • -$8,124Net income attributable to bank
  • $0Net charge-offs
  • -$8,124Cash dividends
  • $6,657Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.62%Yield on earning assets
  • 1.37%Cost of funding earning assets
  • 3.25%Net interest margin
  • 0.19%Noninterest income to earning assets
  • 3.45%Noninterest expense to earning assets
  • -3.10%Net operating income to assets
  • -2.99%Return on assets (ROA)
  • -1.68%Pretax return on assets
  • -63.90%Return on equity (ROE)
  • -63.90%Retained earnings to average equity (YTD only)
  • 3.24%Net charge-offs to loans
  • 73.20%Credit loss provision to net charge-offs
  • -0.00%Efficiency ratio
  • 100,093Assets per employee
  • 7.13%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.26%Loss allowance to noncurrent loans
  • 30.37%Noncurrent assets plus other real estate owned to assets
  • 10.66%Noncurrent loans to loans
  • 7.43%Net loans and leases to deposits
  • 88.81%Net loans and leases to core deposits
  • 90.62%Equity capital to assets
  • 2.99%Core capital (leverage) ratio
  • 2.79%Tier 1 risk-based capital ratio
  • 3.65%Total risk-based capital ratio
  • Memoranda
  • $7Average assets
  • $271,604Average earning assets
  • $12,715Average equity
  • $248,657Average loans

List of branches

  • 3 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    080229The Bank Of Commerce1858 Ringling Boulevard, Sarasota, FL 34236September 01, 2000Full Service Brick and Mortar
    1441356Cattlemen Banking Center Branch6000 Cattleridge Boulevard, Sarasota, FL 34232May 25, 2005Full Service Brick and Mortar
    2454903Lakewood Ranch Banking Center Branch8470 Enterprise Circle, Bradenton, FL 34202August 14, 2006Full Service Brick and Mortar

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