Global Commerce Bank in Doraville, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 02, 2012

  • Global Commerce Bank in Doraville, Georgia (GA)
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Global Commerce Bank routing number info

Global Commerce Bank - Overview

  • General
  • FDIC Certificate #: 34046
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Metro City Bank (#58181)
    Federal Reserve ID: 2328249
    Date Established: August 18, 1995
    WWW: http://www.bankonglobal.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 56125
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: August 18, 1995
    Last Structure Change Effective Date: March 02, 2012
    Last Structure Change Process Date: March 05, 2012
    Last Data Update: March 05, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 5150 Buford Highway, Suite B-130, Doraville, GA 30340
    County: Dekalb
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Atlanta
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Atlanta, GA (#520)
    Combined Statistical Area (CSA): Atlanta-Sandy Springs-Gainesville, GA-AL (#122)
    Core Based Statistical Area (CBSA): Atlanta-Sandy Springs-Marietta, GA (#12060)
    CBSA Metro Statistical Area: Atlanta-Sandy Springs-Marietta, GA (#12060)
  • Financial Summary
  • Total assets: $143.7 mil
    Equity capital: $1.1 mil
    Deposits held in domestic offices: $116.8 mil
    Return on assets (ROA): -5.19% (-$7.5 mil)
    Quarterly return on assets: -8.87% (-$12.8 mil)
    Return on Equity (ROE): -168.53% (-$1.7 mil)
    Quarterly return on equity: -459.32% (-$4.6 mil)
    Net income: -$7.8 mil
    Quarterly Net income: -$3.3 mil
    Pretax return on assets: -5.19% (-$7,456.9 mil)
    Quarterly Pretax return on assets: -8.87% (-$12,744.2 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, 2011)

  • Dollar figures in thousands
  • 29Total employees (full-time equivalent)
  • $143,678Total assets
  • $18,423Cash and due from depository institutions
  • $14,814Interest-bearing balances
  • $34,051Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $67,038Net loans & leases
  • $4,835Loan loss allowance
  • $59Trading account assets
  • $693Bank premises and fixed assets
  • $19,473Other real estate owned
  • $0Goodwill and other intangibles
  • $143,678Life insurance assets
  • $3,941All other assets
  • $142,535Total liabilities and capital
  • $116,813Total liabilities
  • $105,065Total deposits
  • $116,813Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $59Federal funds purchased & repurchase agreements
  • $25,200Trading liabilities
  • $0Other borrowed funds
  • $463Subordinated debt
  • $1,143All other liabilities
  • $1,143Total equity capital
  • $1,143Total bank equity capital
  • $0Perpetual preferred stock
  • $6,692Common stock
  • $5,263Surplus
  • $-10,812Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $14,874Income earned, not collected on loans
  • $0Earning assets
  • $721Long-term assets (5+ years)
  • $115,962Average Assets, year-to-date
  • $36,953Average Assets, quarterly
  • $150,511Volatile liabilities
  • $149,463Insider loans
  • $82,593FHLB advances
  • $153,281Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $889Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $861Restructured Loans and leases
  • $34Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,375Total interest income
  • $2,544Total interest expense
  • $2,831Net interest income
  • $3,533Provision for loan and lease losses
  • $741Total noninterest income
  • $0Fiduciary activities
  • $374Service charges on deposit accounts
  • $0Trading account gains & fees
  • $367Additional noninterest income
  • $8,347Total noninterest expense
  • $1,749Salaries and employee benefits
  • $477Premises and equipment expense
  • $6,121Additional noninterest expense
  • -$8,308Pre-tax net operating income
  • $490Securities gains (losses)
  • $0Applicable income taxes
  • -$7,818Income before extraordinary items
  • $0Extraordinary gains - net
  • -$7,818Net income attributable to bank
  • $0Net charge-offs
  • -$7,818Cash dividends
  • $3,703Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.31%Yield on earning assets
  • 2.04%Cost of funding earning assets
  • 2.27%Net interest margin
  • 0.59%Noninterest income to earning assets
  • 6.69%Noninterest expense to earning assets
  • -5.52%Net operating income to assets
  • -5.19%Return on assets (ROA)
  • -5.19%Pretax return on assets
  • -168.53%Return on equity (ROE)
  • -168.53%Retained earnings to average equity (YTD only)
  • 4.43%Net charge-offs to loans
  • 95.41%Credit loss provision to net charge-offs
  • -1.29%Efficiency ratio
  • 233,679Assets per employee
  • 4.95%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 6.73%Loss allowance to noncurrent loans
  • 32.51%Noncurrent assets plus other real estate owned to assets
  • 23.91%Noncurrent loans to loans
  • 20.69%Net loans and leases to deposits
  • 57.39%Net loans and leases to core deposits
  • 61.56%Equity capital to assets
  • 0.80%Core capital (leverage) ratio
  • 0.58%Tier 1 risk-based capital ratio
  • 1.08%Total risk-based capital ratio
  • Memoranda
  • $2Average assets
  • $150,511Average earning assets
  • $4,639Average equity
  • $124,728Average loans

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