National Bank of Commerce (merged into CenterState Bank)
National Bank of Commerce reported total assets of $4.3 bn at Q1 2019, its last Call Report before it merged into CenterState Bank. The CET1 capital ratio at National Bank of Commerce was 12.63%, and the uninsured share of National Bank of Commerce was 57.19%. Source: FDIC Call Reports.
Key takeaways
- Since , National Bank of Commerce has taken over 5 institutions; the latest was First Landmark Bank on (FDIC Call Reports).
What sets National Bank of Commerce apart
How large is National Bank of Commerce?
The balance sheet of National Bank of Commerce at : assets $4.3 bn, deposits $3.5 bn, net loans $3.4 bn (loans equal to 95.44% of deposits). Securities make up 4.2% of total assets at National Bank of Commerce. Since , when National Bank of Commerce held $1.7 bn, its assets grew 146.7%. In the year to , deposits at National Bank of Commerce rose 36.6% while its total assets rose 37.5%. At , National Bank of Commerce employed 623 full-time equivalent staff across 38 offices, about $6.9 mn of assets per employee and $92.6 mn of deposits per office.
How much funding at National Bank of Commerce is uninsured?
At National Bank of Commerce, uninsured deposits (above the FDIC limit) made up 57.19% of domestic deposits at (+4.61 pp on a year earlier). In dollars, National Bank of Commerce estimated $2.0 bn of uninsured deposits.
Key facts, Q1 2019
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $3.5 bn | $2.6 bn (Q1 2018) | |
| Net loans and leases | $3.4 bn | $2.5 bn (Q1 2018) | |
| Loan-to-deposit ratio | 95.44% | 96.48% (Q1 2018) | |
| Tier 1 leverage ratio | 10.50% | 10.80% (Q1 2018) | |
| Total risk-based capital ratio | 13.14% | 13.47% (Q1 2018) | |
| Net interest margin | 4.83% | 5.10% (Q1 2018) | |
| Return on assets (ROA) | -0.48% | 1.30% (Q1 2018) | |
| Efficiency ratio | 109.32% | 60.99% (Q1 2018) | |
| Unrealized gain/loss on held-to-maturity securities | Loss of $12,000 | Narrowed by $189,000 | |
| Unrealized gain/loss on available-for-sale securities | Loss of $196,000 | Narrowed by $1.3 mn | |
| Noncurrent loans to total loans | 0.42% | 0.14% (Q1 2018) | |
| Net charge-offs to average loans | 0.17% | 0.08% (Q1 2018) |
US rank of National Bank of Commerce: 1 = highest unless marked 1 = lowest.
Balance sheet
National Bank of Commerce: assets, deposits and loans
- Total assets $4.3bn
- Deposits $3.5bn
- Net loans $3.4bn
Capital and securities
The CET1 ratio of National Bank of Commerce stood at 12.63% in , -0.20 pp year on year. Low and high at National Bank of Commerce since : 10.48% () to 13.57% (). Equity capital of National Bank of Commerce at : $683.0 mn, or 16.0% of total assets. National Bank of Commerce also reported a total capital ratio of 13.14% for , and a tier 1 leverage ratio of 10.50%.
On held-to-maturity securities, National Bank of Commerce carried an unrealized loss of $12,000 at , equal to 0.0% of equity capital. The loss narrowed by $189,000 over the year. Its deepest point: $756,000 in . The available-for-sale portfolio of National Bank of Commerce showed an unrealized loss of $196,000 at ; the loss narrowed by $1.3 mn over the year.
National Bank of Commerce: capital ratios
- Total capital 13%
- CET1 13%
- Tier 1 leverage 11%
National Bank of Commerce: unrealized securities gains and losses
- Available for sale -$196,000
- Held to maturity -$12,000
Profitability and loan quality
For the year to , National Bank of Commerce earned a return on equity of -2.96%; return on assets: -0.48%. Net interest margin at National Bank of Commerce: 4.83%, -0.27 pp in a year. National Bank of Commerce net income: -$5.1 mn, down 154.1% year on year. The efficiency ratio of National Bank of Commerce was 109.32%: about 109 cents cost per revenue dollar, against 57 cents at the median peer.
At , noncurrent loans were 0.42% of total loans at National Bank of Commerce; net charge-offs: 0.17% of average loans. Gross loans and leases at National Bank of Commerce: $3.4 bn at , against $2.5 bn at .
National Bank of Commerce: profitability
- Return on equity -3.0%
- Net interest margin 4.8%
- Return on assets -0.5%
Peer group of National Bank of Commerce
The peer group of National Bank of Commerce is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 0 share the charter type of National Bank of Commerce (national bank) and 0 have head offices in Alabama. Against them, National Bank of Commerce shows CET1 ratio 12.63% against a peer median of 12.45%, return on equity -2.96% against a peer median of 9.89% and uninsured deposit share 57.19% against a peer median of 35.70%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Community Trust Bank, Inc. | State member bank | KY | $4.3 bn | 17.53% | 10.13% | 19.12% | |
| First American Trust, FSB | Federal savings bank | CA | $4.3 bn | 32.77% | 22.40% | 95.39% | |
| SMBC MANUBANK | State nonmember bank | CA | $4.3 bn | 13.15% | 9.66% | 71.34% | |
| National Bank of Commerce | National bank | AL | $4.3 bn | 12.63% | -2.96% | 57.19% | |
| Five Star Bank | State member bank | NY | $4.3 bn | 11.25% | 12.51% | 29.03% | |
| CrossFirst Bank | State nonmember bank | KS | $4.3 bn | 11.00% | 8.56% | 41.94% | |
| Fulton Bank of New Jersey | State nonmember bank | NJ | $4.2 bn | 11.75% | 8.61% | 29.46% | |
. FDIC Call Reports.
Last eight quarters
Two years at National Bank of Commerce, to : assets $2.4 bn to $4.3 bn, deposits $2.0 bn to $3.5 bn, equity $331.8 mn to $683.0 mn. Staff 412 to 623; offices 21 to 38.
| Metric | Q2 2017 | Q3 2017 | Q4 2017 | Q1 2018 | Q2 2018 | Q3 2018 | Q4 2018 | Q1 2019 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $2.4 bn | $2.5 bn | $2.7 bn | $3.1 bn | $3.2 bn | $4.1 bn | $4.2 bn | $4.3 bn |
| Total deposits | $2.0 bn | $2.1 bn | $2.3 bn | $2.6 bn | $2.7 bn | $3.3 bn | $3.4 bn | $3.5 bn |
| Bank equity capital | $331.8 mn | $370.5 mn | $378.9 mn | $493.1 mn | $504.2 mn | $691.8 mn | $704.4 mn | $683.0 mn |
| CET1 ratio | 11.91% | 11.79% | 11.92% | 12.83% | 13.24% | 13.50% | 13.57% | 12.63% |
| Return on equity (ROE) | 8.81% | 8.60% | 6.86% | 8.70% | 9.02% | 8.79% | 8.24% | -2.96% |
| Uninsured share of domestic deposits | 47.54% | 44.82% | 39.15% | 52.58% | 56.35% | 55.66% | 56.11% | 57.19% |
| Full-time equivalent employees | 412 | 437 | 426 | 506 | 506 | 642 | 632 | 623 |
| Number of offices | 21 | 25 | 25 | 33 | 32 | 39 | 38 | 38 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of National Bank of Commerce, oldest first; figures before and after each event are not like for like.
- . Absorbed Reunion Bank of Florida (FDIC certificate 58815).
- . Absorbed Private Bank of Buckhead (FDIC certificate 58380).
- . Absorbed Patriot Bank (FDIC certificate 57789).
- . Absorbed FirstAtlantic Bank (FDIC certificate 35200).
- . Absorbed Premier Community Bank of Florida (FDIC certificate 58548).
- . Absorbed First Landmark Bank (FDIC certificate 58705).
- . Merged into CenterState Bank, National Association (FDIC certificate 33555).
Large one-quarter moves at National Bank of Commerce
- Total assets at National Bank of Commerce changed by +25.4% in the quarter to 2017-03-31: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from Private Bank of Buckhead.
- Total assets at National Bank of Commerce changed by +27.7% in the quarter to 2018-09-30: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from First Landmark Bank, Premier Community Bank of Florida.
Questions and identifiers
What were the total assets of National Bank of Commerce?
National Bank of Commerce reported $4.3 bn at in its Call Report.
Is National Bank of Commerce the same as its holding company?
No. This page covers National Bank of Commerce, FDIC certificate 57764; NATIONAL COMMERCE CORP (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is National Bank of Commerce profitable?
National Bank of Commerce reported net income of -$5.1 mn for the year to ; annualized return on equity: -2.96%. So no: National Bank of Commerce made a loss over these months.
When is data for National Bank of Commerce next updated?
National Bank of Commerce no longer files Call Reports; its data ends at .
Where can I check the figures for National Bank of Commerce?
In the FDIC BankFind Suite record for certificate 57764, and in the Call Reports of National Bank of Commerce (RSSD ID 3275939) at the FFIEC Central Data Repository.