Commerce Bank, National Association in Philadelphia, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 31, 2008

  • Commerce Bank, National Association in Philadelphia, Pennsylvania (PA)
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Commerce Bank, National Association - Overview

  • General
  • FDIC Certificate #: 21140
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: TD Bank, National Association (#18409)
    Federal Reserve ID: 363415
    Date Established: June 29, 1973
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 410 (Interstate: No)
    OTS Docket #: 11239
    FDIC's unique #: 14613
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: June 29, 1973
    Last Structure Change Effective Date: May 31, 2008
    Last Structure Change Process Date: June 17, 2008
    Last Data Update: June 17, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 2005 Market Street, Philadelphia, PA 19103
    County: Philadelphia
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Jamesburg
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Philadelphia, PA-NJ (#6160)
    Consolidated Metropolitan Statistical Area (CMSA): Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-MD (#77)
    Combined Statistical Area (CSA): Philadelphia-Camden-Vineland, PA-NJ-DE-MD (#428)
    Core Based Statistical Area (CBSA): Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980)
    CBSA Metro Statistical Area: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980)
    Core Based Statistical Division: Philadelphia, PA (#37964)
  • Financial Summary
  • Total assets: $51,373.7 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, 2007)

  • Dollar figures in thousands
  • 11,537Total employees (full-time equivalent)
  • $45,216,892Total assets
  • $1,142,353Cash and due from depository institutions
  • $1,833Interest-bearing balances
  • $23,672,437Securities
  • $925,500Federal funds sold & reverse repurchase agreements
  • $16,400,271Net loans & leases
  • $190,039Loan loss allowance
  • $236,500Trading account assets
  • $1,865,782Bank premises and fixed assets
  • $7,227Other real estate owned
  • $98,997Goodwill and other intangibles
  • $6,443Life insurance assets
  • $867,825All other assets
  • $45,216,892Total liabilities and capital
  • $42,876,624Total liabilities
  • $41,704,719Total deposits
  • $32,988,664Interest-bearing deposits
  • $41,704,719Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $903,515Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $6,459Other borrowed funds
  • $0Subordinated debt
  • $261,931All other liabilities
  • $2,340,268Total equity capital
  • $2,340,268Total bank equity capital
  • $2,340,268Perpetual preferred stock
  • $0Common stock
  • $2,601Surplus
  • $1,252,080Undivided profits
  • Memoranda
  • $1,085,587Noncurrent loans and leases
  • $6,569,850Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $94,959Earning assets
  • $0Long-term assets (5+ years)
  • $178,816Average Assets, year-to-date
  • $41,225,827Average Assets, quarterly
  • $19,432,670Volatile liabilities
  • $43,686,804Insider loans
  • $45,320,377FHLB advances
  • $3,504,265Loans and leases held for sale
  • $11,558Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $2,372,511Tier 2 risk-based capital
  • $32,647Total risk weighted assets
  • $6,569,850Total unused commitments
  • $0Restructured Loans and leases
  • $200,127Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $2,407,082Total interest income
  • $1,159,414Total interest expense
  • $1,247,668Net interest income
  • $97,550Provision for loan and lease losses
  • $579,738Total noninterest income
  • $13,253Fiduciary activities
  • $227,396Service charges on deposit accounts
  • $18,479Trading account gains & fees
  • $320,610Additional noninterest income
  • $1,424,494Total noninterest expense
  • $617,539Salaries and employee benefits
  • $387,389Premises and equipment expense
  • $419,566Additional noninterest expense
  • $305,362Pre-tax net operating income
  • -$165,846Securities gains (losses)
  • $43,527Applicable income taxes
  • $95,989Income before extraordinary items
  • $0Extraordinary gains - net
  • $95,989Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $43,231Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.03%Yield on earning assets
  • 2.90%Cost of funding earning assets
  • 3.12%Net interest margin
  • 1.45%Noninterest income to earning assets
  • 3.57%Noninterest expense to earning assets
  • 0.48%Net operating income to assets
  • 0.22%Return on assets (ROA)
  • 0.32%Pretax return on assets
  • 3.89%Return on equity (ROE)
  • 3.89%Retained earnings to average equity (YTD only)
  • 0.28%Net charge-offs to loans
  • 225.65%Credit loss provision to net charge-offs
  • 9.32%Efficiency ratio
  • 77,919Assets per employee
  • 3.92%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.15%Loss allowance to noncurrent loans
  • 200.13%Noncurrent assets plus other real estate owned to assets
  • 0.23%Noncurrent loans to loans
  • 0.57%Net loans and leases to deposits
  • 39.32%Net loans and leases to core deposits
  • 41.94%Equity capital to assets
  • 5.18%Core capital (leverage) ratio
  • 5.56%Tier 1 risk-based capital ratio
  • 10.26%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $43,686,804Average earning assets
  • $2,465,841Average equity
  • $39,950,522Average loans

Total Fiduciary and Related Assets (December 31, 2007)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $14,049,101Managed Assets
  • 1Number of Accounts
  • $2,423,105Personal trust and agency accounts
  • $200,961Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $14,137Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $2,208,007Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 2561Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $11,625,996Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

Bank Assets Sold and Securitized (December 31, 2007)

  • Dollar figures in thousands
  • Principal balance with servicing or other recourse retained
  • $14,4641-4 family residential loans
  • $0Home equity lines
  • $0Credit cards receivables
  • $0Auto loans
  • $0Other consumer loans
  • $0Commercial and industrial loans

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