FDIC Certificate #: 57566 Status: Active Federal Reserve ID: 3227442 Date Established: December 17, 2003 WWW:http://www.commercenatbank.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 #: 365629 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: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: December 17, 2003 Last Structure Change Effective Date: Febuary 07, 2007 Last Structure Change Process Date: March 27, 2007 Last Data Update: March 27, 2007 Data Source Date: April 05, 2012
Location
Address: 4040 Macarthur Boulevard, Suite 100, Newport Beach, CA 92660 County: Orange Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Orange Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): Orange County, CA (#5945) Consolidated Metropolitan Statistical Area (CMSA): Los Angeles-Riverside-Orange County, CA (#49) Combined Statistical Area (CSA): Los Angeles-Long Beach-Riverside, CA (#348) Core Based Statistical Area (CBSA): Los Angeles-Long Beach-Santa Ana, CA (#31100) CBSA Metro Statistical Area: Los Angeles-Long Beach-Santa Ana, CA (#31100) Core Based Statistical Division: Santa Ana-Anaheim-Irvine, CA (#42044)
History of Changes
Change in Location
Financial Summary
Total assets: $236.5 mil Equity capital: $28.2 mil Deposits held in domestic offices: $206.7 mil Return on assets (ROA): 0.26% ($0.6 mil) Quarterly return on assets: 0.36% ($0.8 mil) Return on Equity (ROE): 2.42% ($0.7 mil) Quarterly return on equity: 3.09% ($0.9 mil) Net income: $0.7 mil Quarterly Net income: $0.2 mil Pretax return on assets: 0.47% ($1,111.5 mil) Quarterly Pretax return on assets: 0.67% ($1,584.4 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
39Total employees (full-time equivalent)
$236,480Total assets
$11,659Cash and due from depository institutions
$8,415Interest-bearing balances
$69,898Securities
$0Federal funds sold & reverse repurchase agreements
$145,929Net loans & leases
$4,756Loan loss allowance
$0Trading account assets
$609Bank premises and fixed assets
$1,529Other real estate owned
$585Goodwill and other intangibles
$236,480Life insurance assets
$6,271All other assets
$208,250Total liabilities and capital
$206,688Total liabilities
$154,543Total deposits
$206,688Interest-bearing deposits
$49Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$1,562Subordinated debt
$28,230All other liabilities
$28,230Total equity capital
$28,230Total bank equity capital
$0Perpetual preferred stock
$13,303Common stock
$18,730Surplus
$-3,803Undivided profits
Memoranda
$0Noncurrent loans and leases
$3,164Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$3,180Income earned, not collected on loans
$0Earning assets
$942Long-term assets (5+ years)
$224,242Average Assets, year-to-date
$62,013Average Assets, quarterly
$257,846Volatile liabilities
$239,500Insider loans
$165,477FHLB advances
$244,047Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$28,170Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$30,160Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$10,868Total interest income
$1,237Total interest expense
$9,631Net interest income
$2,811Provision for loan and lease losses
$2,809Total noninterest income
$0Fiduciary activities
$62Service charges on deposit accounts
$0Trading account gains & fees
$2,747Additional noninterest income
$8,514Total noninterest expense
$4,399Salaries and employee benefits
$814Premises and equipment expense
$3,301Additional noninterest expense
$1,115Pre-tax net operating income
$86Securities gains (losses)
$525Applicable income taxes
$676Income before extraordinary items
$0Extraordinary gains - net
$676Net income attributable to bank
$0Net charge-offs
$676Cash dividends
$1,459Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.46%Yield on earning assets
0.51%Cost of funding earning assets
3.95%Net interest margin
1.15%Noninterest income to earning assets
3.49%Noninterest expense to earning assets
0.24%Net operating income to assets
0.26%Return on assets (ROA)
0.47%Pretax return on assets
2.42%Return on equity (ROE)
2.42%Retained earnings to average equity (YTD only)
0.95%Net charge-offs to loans
192.67%Credit loss provision to net charge-offs
2.69%Efficiency ratio
68,441Assets per employee
6.06%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.16%Loss allowance to noncurrent loans
149.56%Noncurrent assets plus other real estate owned to assets
1.99%Noncurrent loans to loans
2.11%Net loans and leases to deposits
70.60%Net loans and leases to core deposits
144.47%Equity capital to assets
11.94%Core capital (leverage) ratio
11.54%Tier 1 risk-based capital ratio
17.02%Total risk-based capital ratio
Memoranda
$18Average assets
$257,846Average earning assets
$27,883Average equity
$243,909Average loans
List of branches
1 California Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
365629
Commerce National Bank
4040 Macarthur Boulevard, Suite 100, Newport Beach, CA 92660
December 17, 2003
Full Service Brick and Mortar
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