FDIC Certificate #: 58134 Status: Active Federal Reserve ID: 3377374 Date Established: Febuary 07, 2006 WWW:http://www.bocnc.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) FDIC's unique #: 440378 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: Febuary 07, 2006 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 100 Queens Road, Charlotte, NC 28204 County: Mecklenburg Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Charlotte Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Charlotte-Gastonia-Rock Hill, NC-SC (#1520) Combined Statistical Area (CSA): Charlotte-Gastonia-Salisbury, NC-SC (#172) Core Based Statistical Area (CBSA): Charlotte-Gastonia-Rock Hill, NC-SC (#16740) CBSA Metro Statistical Area: Charlotte-Gastonia-Rock Hill, NC-SC (#16740)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $145.2 mil Equity capital: $12.5 mil Deposits held in domestic offices: $100.1 mil Return on assets (ROA): -1.07% (-$1.6 mil) Quarterly return on assets: -2.25% (-$3.3 mil) Return on Equity (ROE): -12.77% (-$1.7 mil) Quarterly return on equity: -25.89% (-$3.4 mil) Net income: -$1.7 mil Quarterly Net income: -$0.8 mil Pretax return on assets: -1.07% (-$1,553.9 mil) Quarterly Pretax return on assets: -2.25% (-$3,267.6 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
16Total employees (full-time equivalent)
$145,228Total assets
$8,149Cash and due from depository institutions
$7,023Interest-bearing balances
$33,043Securities
$0Federal funds sold & reverse repurchase agreements
$95,156Net loans & leases
$2,099Loan loss allowance
$0Trading account assets
$299Bank premises and fixed assets
$2,075Other real estate owned
$0Goodwill and other intangibles
$145,228Life insurance assets
$6,506All other assets
$132,698Total liabilities and capital
$100,147Total liabilities
$90,748Total deposits
$100,147Interest-bearing deposits
$91Deposits held in domestic offices
16672.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$15,000Trading liabilities
$0Other borrowed funds
$879Subordinated debt
$12,530All other liabilities
$12,530Total equity capital
$12,530Total bank equity capital
$3,150Perpetual preferred stock
$4,000Common stock
$14,065Surplus
$-8,685Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$4,153Income earned, not collected on loans
$0Earning assets
$423Long-term assets (5+ years)
$135,222Average Assets, year-to-date
$31,192Average Assets, quarterly
$161,275Volatile liabilities
$149,093Insider loans
$112,227FHLB advances
$148,547Loans and leases held for sale
$4,390Unused loan commitments
$4,390Tier 1 (core) risk-based capital
$12,239Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$8,877Restructured Loans and leases
$4,281Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$6,608Total interest income
$1,995Total interest expense
$4,613Net interest income
$2,024Provision for loan and lease losses
-$685Total noninterest income
$0Fiduciary activities
$79Service charges on deposit accounts
$0Trading account gains & fees
-$764Additional noninterest income
$4,101Total noninterest expense
$1,972Salaries and employee benefits
$422Premises and equipment expense
$1,707Additional noninterest expense
-$2,197Pre-tax net operating income
$472Securities gains (losses)
$0Applicable income taxes
-$1,725Income before extraordinary items
$0Extraordinary gains - net
-$1,725Net income attributable to bank
$0Net charge-offs
-$1,725Cash dividends
$2,006Sale, conversion, retirement of capital stock, net
$58Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.49%Yield on earning assets
1.35%Cost of funding earning assets
3.13%Net interest margin
-0.47%Noninterest income to earning assets
2.79%Noninterest expense to earning assets
-1.36%Net operating income to assets
-1.07%Return on assets (ROA)
-1.07%Pretax return on assets
-12.77%Return on equity (ROE)
-13.20%Retained earnings to average equity (YTD only)
1.87%Net charge-offs to loans
100.90%Credit loss provision to net charge-offs
-0.09%Efficiency ratio
104,404Assets per employee
9.08%Cash dividends to net income (YTD only)
Condition Ratios (%)
-3.36%Loss allowance to loans
2.16%Loss allowance to noncurrent loans
50.54%Noncurrent assets plus other real estate owned to assets
4.29%Noncurrent loans to loans
4.27%Net loans and leases to deposits
95.02%Net loans and leases to core deposits
108.64%Equity capital to assets
8.63%Core capital (leverage) ratio
8.24%Tier 1 risk-based capital ratio
10.91%Total risk-based capital ratio
Memoranda
$12Average assets
$161,275Average earning assets
$13,507Average equity
$147,235Average loans
List of branches
1 North Carolina Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
440378
Bank Of Commerce
100 Queens Road, Charlotte, NC 28204
Febuary 07, 2006
Full Service Brick and Mortar
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