FDIC Certificate #: 34938 Status: Active Federal Reserve ID: 2746245 Bank Holding Company (Regulatory Top Holder): Commerce Holding Corporation (RSSDID: 3135435, Location: Corinth, MS) Date Established: January 19, 1999 WWW:http://www.cnbcorinth.com Trust Powers Granted: No Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 62057 Numeric code: 3 Regulator: OCC 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: No Subchapter S Corporations: Yes Asset Concentration Hierarchy: All Other Specialization < 1 Billion Date of Deposit Insurance: January 19, 1999 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: 306 South Cass Street, Corinth, MS 38834 County: Alcorn Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Jackson Ms Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: West Core Based Statistical Area (CBSA): Corinth, MS (#18420) CBSA Micro Statistical Area: Yes
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $88.6 mil Equity capital: $11.3 mil Deposits held in domestic offices: $77.1 mil Return on assets (ROA): 2.41% ($2.1 mil) Quarterly return on assets: 2.32% ($2.1 mil) Return on Equity (ROE): 18.72% ($2.1 mil) Quarterly return on equity: 17.82% ($2.0 mil) Net income: $2.1 mil Quarterly Net income: $0.5 mil Pretax return on assets: 2.41% ($2,135.4 mil) Quarterly Pretax return on assets: 2.32% ($2,055.7 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
24Total employees (full-time equivalent)
$88,607Total assets
$7,778Cash and due from depository institutions
$5,714Interest-bearing balances
$21,231Securities
$3,266Federal funds sold & reverse repurchase agreements
$54,112Net loans & leases
$1,438Loan loss allowance
$0Trading account assets
$792Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$88,606Life insurance assets
$1,428All other assets
$77,319Total liabilities and capital
$77,100Total liabilities
$59,542Total deposits
$77,100Interest-bearing deposits
$99Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$219Subordinated debt
$11,287All other liabilities
$11,287Total equity capital
$11,287Total bank equity capital
$0Perpetual preferred stock
$409Common stock
$3,853Surplus
$7,025Undivided profits
Memoranda
$0Noncurrent loans and leases
$117Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$414Income earned, not collected on loans
$0Earning assets
$544Long-term assets (5+ years)
$84,323Average Assets, year-to-date
$19,253Average Assets, quarterly
$86,442Volatile liabilities
$88,120Insider loans
$50,652FHLB advances
$88,623Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$10,297Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$1,348Restructured Loans and leases
$1,143Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$4,481Total interest income
$681Total interest expense
$3,800Net interest income
$300Provision for loan and lease losses
$901Total noninterest income
$0Fiduciary activities
$655Service charges on deposit accounts
$0Trading account gains & fees
$246Additional noninterest income
$2,314Total noninterest expense
$1,336Salaries and employee benefits
$152Premises and equipment expense
$826Additional noninterest expense
$2,087Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$2,087Income before extraordinary items
$0Extraordinary gains - net
$2,087Net income attributable to bank
$0Net charge-offs
$2,087Cash dividends
$200Sale, conversion, retirement of capital stock, net
$1,610Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.45%Yield on earning assets
0.83%Cost of funding earning assets
4.62%Net interest margin
1.10%Noninterest income to earning assets
2.81%Noninterest expense to earning assets
2.41%Net operating income to assets
2.41%Return on assets (ROA)
2.41%Pretax return on assets
18.72%Return on equity (ROE)
4.28%Retained earnings to average equity (YTD only)
0.36%Net charge-offs to loans
150.00%Credit loss provision to net charge-offs
11.94%Efficiency ratio
49,224Assets per employee
3.69%Cash dividends to net income (YTD only)
Condition Ratios (%)
77.14%Loss allowance to loans
2.59%Loss allowance to noncurrent loans
347.34%Noncurrent assets plus other real estate owned to assets
0.47%Noncurrent loans to loans
0.75%Net loans and leases to deposits
70.18%Net loans and leases to core deposits
71.14%Equity capital to assets
12.74%Core capital (leverage) ratio
11.62%Tier 1 risk-based capital ratio
20.33%Total risk-based capital ratio
Memoranda
$22Average assets
$86,442Average earning assets
$11,151Average equity
$82,278Average loans
List of branches
1 Mississippi Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
62057
Commerce National Bank
306 South Cass Street, Corinth, MS 38834
January 19, 1999
Full Service Brick and Mortar
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