Commerce National Bank in Columbus, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 25, 2009

  • Commerce National Bank in Columbus, Ohio (OH)
  • Show street view No street view available for this location

Commerce National Bank - Overview

  • General
  • FDIC Certificate #: 33433
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Merchants Bank National Association (#4365)
    Federal Reserve ID: 1866762
    Date Established: June 07, 1991
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Interstate: No)
    OTS Docket #: 9543
    FDIC's unique #: 47117
    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 07, 1991
    Last Structure Change Effective Date: September 25, 2009
    Last Structure Change Process Date: October 14, 2009
    Last Data Update: October 14, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 3650 Olentangy River Road, Suite 1, Columbus, OH 43214
    County: Franklin
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Columbus
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Columbus, OH (#1840)
    Combined Statistical Area (CSA): Columbus-Marion-Chillicothe, OH (#198)
    Core Based Statistical Area (CBSA): Columbus, OH (#18140)
    CBSA Metro Statistical Area: Columbus, OH (#18140)
  • Financial Summary
  • Total assets: $638.9 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, 2008)

  • Dollar figures in thousands
  • 85Total employees (full-time equivalent)
  • $647,458Total assets
  • $7,439Cash and due from depository institutions
  • $250Interest-bearing balances
  • $10,636Securities
  • $6,283Federal funds sold & reverse repurchase agreements
  • $569,567Net loans & leases
  • $5,483Loan loss allowance
  • $0Trading account assets
  • $722Bank premises and fixed assets
  • $413Other real estate owned
  • $33,192Goodwill and other intangibles
  • $9,667Life insurance assets
  • $19,206All other assets
  • $647,459Total liabilities and capital
  • $563,235Total liabilities
  • $490,112Total deposits
  • $427,364Interest-bearing deposits
  • $490,112Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $15,118Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $56,559Other borrowed funds
  • $0Subordinated debt
  • $1,446All other liabilities
  • $84,224Total equity capital
  • $84,224Total bank equity capital
  • $84,224Perpetual preferred stock
  • $0Common stock
  • $2,932Surplus
  • $64,396Undivided profits
  • Memoranda
  • $16,896Noncurrent loans and leases
  • $131,342Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,652Earning assets
  • $661Long-term assets (5+ years)
  • $1,885Average Assets, year-to-date
  • $586,736Average Assets, quarterly
  • $144,612Volatile liabilities
  • $613,776Insider loans
  • $643,231FHLB advances
  • $74,615Loans and leases held for sale
  • $11,913Unused loan commitments
  • $56,559Tier 1 (core) risk-based capital
  • $6,224Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $131,342Total unused commitments
  • $0Restructured Loans and leases
  • $5,483Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $37,321Total interest income
  • $16,488Total interest expense
  • $20,833Net interest income
  • $2,502Provision for loan and lease losses
  • $641Total noninterest income
  • $0Fiduciary activities
  • $566Service charges on deposit accounts
  • $0Trading account gains & fees
  • $75Additional noninterest income
  • $12,695Total noninterest expense
  • $6,281Salaries and employee benefits
  • $946Premises and equipment expense
  • $5,468Additional noninterest expense
  • $6,277Pre-tax net operating income
  • $6Securities gains (losses)
  • $2,251Applicable income taxes
  • $4,032Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,032Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,272Sale, conversion, retirement of capital stock, net
  • $945Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.80%Yield on earning assets
  • 3.00%Cost of funding earning assets
  • 3.80%Net interest margin
  • 0.12%Noninterest income to earning assets
  • 2.31%Noninterest expense to earning assets
  • 0.66%Net operating income to assets
  • 0.66%Return on assets (ROA)
  • 1.02%Pretax return on assets
  • 4.89%Return on equity (ROE)
  • 3.74%Retained earnings to average equity (YTD only)
  • 0.23%Net charge-offs to loans
  • 196.70%Credit loss provision to net charge-offs
  • 6.90%Efficiency ratio
  • 55,313Assets per employee
  • 7.62%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 23.44%Loss allowance to loans
  • 0.95%Loss allowance to noncurrent loans
  • 331.90%Noncurrent assets plus other real estate owned to assets
  • 0.32%Noncurrent loans to loans
  • 0.29%Net loans and leases to deposits
  • 116.21%Net loans and leases to core deposits
  • 129.20%Equity capital to assets
  • 13.01%Core capital (leverage) ratio
  • 8.51%Tier 1 risk-based capital ratio
  • 9.57%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $613,776Average earning assets
  • $82,449Average equity
  • $548,753Average loans

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