FDIC Certificate #: 34757 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Commerce Bank (#24998) Federal Reserve ID: 2667911 Date Established: July 02, 1998 WWW:http://www.banksouth.com Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 2 (Interstate: No) FDIC's unique #: 61529 Numeric code: 13 Regulator: FED 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: July 02, 1998 Last Structure Change Effective Date: April 01, 2007 Last Structure Change Process Date: April 04, 2007 Last Data Update: April 04, 2007 Data Source Date: April 05, 2012
Location
Address: 6130 East 81st Street, Tulsa, OK 74137 County: Tulsa Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Tulsa Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Tulsa, OK (#8560) Combined Statistical Area (CSA): Tulsa-Bartlesville, OK (#538) Core Based Statistical Area (CBSA): Tulsa, OK (#46140) CBSA Metro Statistical Area: Tulsa, OK (#46140)
Financial Summary
Total assets: $128.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
24Total employees (full-time equivalent)
$130,337Total assets
$2,423Cash and due from depository institutions
$31Interest-bearing balances
$499Securities
$6,370Federal funds sold & reverse repurchase agreements
$116,749Net loans & leases
$888Loan loss allowance
$0Trading account assets
$2,327Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,969All other assets
$130,337Total liabilities and capital
$118,117Total liabilities
$106,653Total deposits
$82,640Interest-bearing deposits
$106,653Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$10,946Other borrowed funds
$0Subordinated debt
$518All other liabilities
$12,220Total equity capital
$12,220Total bank equity capital
$12,220Perpetual preferred stock
$0Common stock
$1,000Surplus
$6,916Undivided profits
Memoranda
$4,304Noncurrent loans and leases
$26,235Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,042Earning assets
$0Long-term assets (5+ years)
$806Average Assets, year-to-date
$123,649Average Assets, quarterly
$6,712Volatile liabilities
$119,259Insider loans
$127,278FHLB advances
$26,879Loans and leases held for sale
$4,630Unused loan commitments
$10,946Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$26,235Total unused commitments
$0Restructured Loans and leases
$888Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$9,244Total interest income
$3,418Total interest expense
$5,826Net interest income
$210Provision for loan and lease losses
$315Total noninterest income
$0Fiduciary activities
$205Service charges on deposit accounts
$0Trading account gains & fees
$110Additional noninterest income
$3,392Total noninterest expense
$2,031Salaries and employee benefits
$418Premises and equipment expense
$943Additional noninterest expense
$2,539Pre-tax net operating income
$0Securities gains (losses)
$935Applicable income taxes
$1,604Income before extraordinary items
$0Extraordinary gains - net
$1,604Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$351Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.25%Yield on earning assets
3.05%Cost of funding earning assets
5.20%Net interest margin
0.28%Noninterest income to earning assets
3.03%Noninterest expense to earning assets
1.34%Net operating income to assets
1.34%Return on assets (ROA)
2.13%Pretax return on assets
14.12%Return on equity (ROE)
14.12%Retained earnings to average equity (YTD only)
0.33%Net charge-offs to loans
59.83%Credit loss provision to net charge-offs
7.83%Efficiency ratio
55,235Assets per employee
5.43%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.75%Loss allowance to noncurrent loans
43.49%Noncurrent assets plus other real estate owned to assets
1.57%Noncurrent loans to loans
1.74%Net loans and leases to deposits
109.47%Net loans and leases to core deposits
143.05%Equity capital to assets
9.38%Core capital (leverage) ratio
9.55%Tier 1 risk-based capital ratio
10.78%Total risk-based capital ratio
Memoranda
$12Average assets
$119,259Average earning assets
$11,362Average equity
$111,984Average loans
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