FDIC Certificate #: 57491 Status: Active Federal Reserve ID: 3134698 Bank Holding Company (Regulatory Top Holder): Commerce Bancorp, Inc. (RSSDID: 3144295, Location: Duncan, OK) Date Established: December 16, 2002 WWW:http://www.bocokonline.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 52630 FDIC's unique #: 364270 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: Yes Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: December 16, 2002 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: July 06, 2010 Last Data Update: July 06, 2010 Data Source Date: April 05, 2012
Location
Address: 1601 W. Commerce, Duncan, OK 73534 County: Stephens Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Oklahoma City Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: West Core Based Statistical Area (CBSA): Duncan, OK (#20340) CBSA Micro Statistical Area: Yes
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $149.0 mil Equity capital: $16.2 mil Deposits held in domestic offices: $117.4 mil Return on assets (ROA): 1.54% ($2.3 mil) Quarterly return on assets: 2.06% ($3.1 mil) Return on Equity (ROE): 14.86% ($2.4 mil) Quarterly return on equity: 19.16% ($3.1 mil) Net income: $2.2 mil Quarterly Net income: $0.8 mil Pretax return on assets: 1.54% ($2,294.8 mil) Quarterly Pretax return on assets: 2.06% ($3,069.7 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
22Total employees (full-time equivalent)
$149,016Total assets
$1,762Cash and due from depository institutions
$788Interest-bearing balances
$31,498Securities
$0Federal funds sold & reverse repurchase agreements
$107,970Net loans & leases
$1,555Loan loss allowance
$0Trading account assets
$2,032Bank premises and fixed assets
$0Other real estate owned
$1,135Goodwill and other intangibles
$149,016Life insurance assets
$4,619All other assets
$132,791Total liabilities and capital
$117,441Total liabilities
$107,110Total deposits
$117,441Interest-bearing deposits
$86Deposits held in domestic offices
585.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$13,750Trading liabilities
$0Other borrowed funds
$1,015Subordinated debt
$16,225All other liabilities
$16,225Total equity capital
$16,225Total bank equity capital
$0Perpetual preferred stock
$60Common stock
$9,467Surplus
$6,698Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$5,228Income earned, not collected on loans
$0Earning assets
$1,267Long-term assets (5+ years)
$140,256Average Assets, year-to-date
$32,492Average Assets, quarterly
$144,485Volatile liabilities
$148,754Insider loans
$122,855FHLB advances
$146,199Loans and leases held for sale
$2,020Unused loan commitments
$2,020Tier 1 (core) risk-based capital
$14,644Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$11,708Restructured Loans and leases
$5,568Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$8,402Total interest income
$2,081Total interest expense
$6,321Net interest income
$1,188Provision for loan and lease losses
$369Total noninterest income
$0Fiduciary activities
$132Service charges on deposit accounts
$0Trading account gains & fees
$237Additional noninterest income
$3,463Total noninterest expense
$1,958Salaries and employee benefits
$362Premises and equipment expense
$1,143Additional noninterest expense
$2,039Pre-tax net operating income
$193Securities gains (losses)
$0Applicable income taxes
$2,232Income before extraordinary items
$0Extraordinary gains - net
$2,232Net income attributable to bank
$0Net charge-offs
$2,232Cash dividends
$1,124Sale, conversion, retirement of capital stock, net
$879Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.19%Yield on earning assets
1.53%Cost of funding earning assets
4.66%Net interest margin
0.27%Noninterest income to earning assets
2.55%Noninterest expense to earning assets
1.41%Net operating income to assets
1.54%Return on assets (ROA)
1.54%Pretax return on assets
14.86%Return on equity (ROE)
9.01%Retained earnings to average equity (YTD only)
1.12%Net charge-offs to loans
105.69%Credit loss provision to net charge-offs
2.87%Efficiency ratio
51,764Assets per employee
6.77%Cash dividends to net income (YTD only)
Condition Ratios (%)
39.38%Loss allowance to loans
1.42%Loss allowance to noncurrent loans
29.74%Noncurrent assets plus other real estate owned to assets
3.51%Noncurrent loans to loans
4.77%Net loans and leases to deposits
91.94%Net loans and leases to core deposits
108.29%Equity capital to assets
10.89%Core capital (leverage) ratio
10.02%Tier 1 risk-based capital ratio
11.92%Total risk-based capital ratio
Memoranda
$13Average assets
$144,485Average earning assets
$15,024Average equity
$135,747Average loans
List of branches
1 Oklahoma Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
364270
Bank Of Commerce
1601 W. Commerce, Duncan, OK 73534
December 16, 2002
Full Service Brick and Mortar
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