First Commerce Bank in city_name, state_name - Detailed Financial Reports, Location

First Commerce Bank in Charlotte, North Carolina (NC)
Show street view No street view available for this location

First Commerce Bank - Overview

General
FDIC Certificate #: 34215
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Bank of Granite (#5950)
Federal Reserve ID: 2485900
Date Established: July 31, 1996
WWW: http://www.firstcommercebank.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
OTS Docket #: 15654
FDIC's unique #: 56973
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: July 31, 1996
Last Structure Change Effective Date: July 24, 2003
Last Structure Change Process Date: August 18, 2003
Last Data Update: August 18, 2003
Data Source Date: April 05, 2012
Location
Address: 301 South Mcdowell Street, Suite 100, 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)
Financial Summary
Total assets: $188.8 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, 2002)

Dollar figures in thousands
33Total employees (full-time equivalent)
$172,644Total assets
$6,302Cash and due from depository institutions
$1,192Interest-bearing balances
$40,333Securities
$2,161Federal funds sold & reverse repurchase agreements
$115,622Net loans & leases
$1,693Loan loss allowance
$0Trading account assets
$2,031Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$6,195All other assets
$172,644Total liabilities and capital
$157,142Total liabilities
$133,683Total deposits
$101,160Interest-bearing deposits
$133,683Deposits held in domestic offices
0.00%% insured (estimated)
$335Federal funds purchased & repurchase agreements
$0Trading liabilities
$22,000Other borrowed funds
$0Subordinated debt
$1,124All other liabilities
$15,502Total equity capital
$15,502Total bank equity capital
$15,502Perpetual preferred stock
$0Common stock
$4,614Surplus
$7,942Undivided profits
Memoranda
$2,946Noncurrent loans and leases
$18,399Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$506Earning assets
$0Long-term assets (5+ years)
$752Average Assets, year-to-date
$159,308Average Assets, quarterly
$45,189Volatile liabilities
$158,918Insider loans
$176,412FHLB advances
$49,341Loans and leases held for sale
$6,185Unused loan commitments
$22,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$18,399Total unused commitments
$0Restructured Loans and leases
$1,652Derivatives

Income and Expense (December 31, 2002)

Dollar figures in thousands
$8,696Total interest income
$3,369Total interest expense
$5,327Net interest income
$449Provision for loan and lease losses
$628Total noninterest income
$0Fiduciary activities
$193Service charges on deposit accounts
$0Trading account gains & fees
$435Additional noninterest income
$4,246Total noninterest expense
$2,069Salaries and employee benefits
$669Premises and equipment expense
$1,508Additional noninterest expense
$1,260Pre-tax net operating income
$342Securities gains (losses)
$502Applicable income taxes
$1,100Income before extraordinary items
$0Extraordinary gains - net
$1,100Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$19Sale, conversion, retirement of capital stock, net
$320Net operating income

Performance and Condition Ratios (December 31, 2002)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.00%Yield on earning assets
2.33%Cost of funding earning assets
3.68%Net interest margin
0.43%Noninterest income to earning assets
2.93%Noninterest expense to earning assets
0.54%Net operating income to assets
0.69%Return on assets (ROA)
1.01%Pretax return on assets
7.40%Return on equity (ROE)
5.25%Retained earnings to average equity (YTD only)
0.02%Net charge-offs to loans
2363.16%Credit loss provision to net charge-offs
89.95%Efficiency ratio
71,301Assets per employee
5.23%Cash dividends to net income (YTD only)
Condition Ratios (%)
29.09%Loss allowance to loans
1.44%Loss allowance to noncurrent loans
334.58%Noncurrent assets plus other real estate owned to assets
0.29%Noncurrent loans to loans
0.43%Net loans and leases to deposits
86.49%Net loans and leases to core deposits
134.95%Equity capital to assets
8.98%Core capital (leverage) ratio
8.82%Tier 1 risk-based capital ratio
11.40%Total risk-based capital ratio
Memoranda
$13Average assets
$158,918Average earning assets
$14,867Average equity
$144,843Average loans

First Commerce Bank in Charlotte, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Commerce Bank - Overview

Assets and Liabilities (December 31, 2002)

Income and Expense (December 31, 2002)

Performance and Condition Ratios (December 31, 2002)

Comment about this bank, ask questions, or add new information about it:

First Commerce Bank in Charlotte, North Carolina (NC)Overview, Financial Summary, Detailed Financial Reports, Branches

First Commerce Bank - Overview

Assets and Liabilities (December 31, 2002)

Income and Expense (December 31, 2002)

Performance and Condition Ratios (December 31, 2002)

Comment about this bank, ask questions, or add new information about it:

First Commerce Bank in Charlotte, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches