The Bank of Commerce in Wood Dale, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 25, 2011

  • The Bank of Commerce in Wood Dale, Illinois (IL)
  • Show street view No street view available for this location

The Bank of Commerce - Overview

  • General
  • FDIC Certificate #: 34292
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Schaumburg Bank & Trust Company, National Association (#57103)
    Federal Reserve ID: 2568120
    Date Established: April 21, 1997
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 57051
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: April 21, 1997
    Last Structure Change Effective Date: March 25, 2011
    Last Structure Change Process Date: March 28, 2011
    Last Data Update: March 28, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 171 East Irving Park Road, Wood Dale, IL 60191
    County: Dupage
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Chicago
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Chicago, IL (#1600)
    Consolidated Metropolitan Statistical Area (CMSA): Chicago-Gary-Kenosha, IL-IN-WI (#14)
    Combined Statistical Area (CSA): Chicago-Naperville-Michigan City, IL-IN-WI (#176)
    Core Based Statistical Area (CBSA): Chicago-Joliet-Naperville, IL-IN-WI (#16980)
    CBSA Metro Statistical Area: Chicago-Joliet-Naperville, IL-IN-WI (#16980)
    Core Based Statistical Division: Chicago-Joliet-Naperville, IL (#16974)
  • Financial Summary
  • Total assets: $163.1 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, 2010)

  • Dollar figures in thousands
  • 15Total employees (full-time equivalent)
  • $163,074Total assets
  • $19,087Cash and due from depository institutions
  • $18,494Interest-bearing balances
  • $0Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $126,221Net loans & leases
  • $8,394Loan loss allowance
  • $0Trading account assets
  • $3,385Bank premises and fixed assets
  • $13,127Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,254All other assets
  • $163,074Total liabilities and capital
  • $162,379Total liabilities
  • $161,379Total deposits
  • $156,986Interest-bearing deposits
  • $161,379Deposits held in domestic offices
  • 98.25%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,000All other liabilities
  • $695Total equity capital
  • $695Total bank equity capital
  • $695Perpetual preferred stock
  • $0Common stock
  • $4,045Surplus
  • $15,520Undivided profits
  • Memoranda
  • $-18,870Noncurrent loans and leases
  • $896Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $38,113Earning assets
  • $0Long-term assets (5+ years)
  • $362Average Assets, year-to-date
  • $144,715Average Assets, quarterly
  • $1,920Volatile liabilities
  • $182,418Insider loans
  • $165,987FHLB advances
  • $89,317Loans and leases held for sale
  • $2,198Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $896Total unused commitments
  • $9,947Restructured Loans and leases
  • $695Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $7,130Total interest income
  • $3,888Total interest expense
  • $3,242Net interest income
  • $5,352Provision for loan and lease losses
  • -$997Total noninterest income
  • $0Fiduciary activities
  • $37Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$1,034Additional noninterest income
  • $5,245Total noninterest expense
  • $964Salaries and employee benefits
  • $219Premises and equipment expense
  • $4,062Additional noninterest expense
  • -$8,352Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$8,352Income before extraordinary items
  • $0Extraordinary gains - net
  • -$8,352Net income attributable to bank
  • $0Net charge-offs
  • -$8,352Cash dividends
  • $5,056Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.24%Yield on earning assets
  • 2.31%Cost of funding earning assets
  • 1.93%Net interest margin
  • -0.59%Noninterest income to earning assets
  • 3.12%Noninterest expense to earning assets
  • -4.58%Net operating income to assets
  • -4.58%Return on assets (ROA)
  • -4.58%Pretax return on assets
  • -161.70%Return on equity (ROE)
  • -161.70%Retained earnings to average equity (YTD only)
  • 3.34%Net charge-offs to loans
  • 105.85%Credit loss provision to net charge-offs
  • -0.59%Efficiency ratio
  • 233,630Assets per employee
  • 10.87%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 6.24%Loss allowance to noncurrent loans
  • 22.02%Noncurrent assets plus other real estate owned to assets
  • 31.42%Noncurrent loans to loans
  • 28.31%Net loans and leases to deposits
  • 78.21%Net loans and leases to core deposits
  • 175.16%Equity capital to assets
  • 0.43%Core capital (leverage) ratio
  • 0.41%Tier 1 risk-based capital ratio
  • 0.51%Total risk-based capital ratio
  • Memoranda
  • $1Average assets
  • $182,418Average earning assets
  • $5,165Average equity
  • $168,346Average loans

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

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The Bank of Commerce.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents