New Commerce Bank, National Association
Greenville, SC — Domestic Branch of a Domestic Bank
Acquired Apr 2005
Vitals
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Total Assets97.4M 9.2 %
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Total Deposits79.9M 3.5 %
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Total Net Loans69.6M 15.2 %
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Net Income67000.0000 76.3 %
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Book Value7.6M 3.8 %
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Book Value x215.3M 3.8 %
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Book Value x322.9M 3.8 %
Balance Sheet Highlights
Financial Highlights | New Commerce Bank, National Association | All Insured Commercial Banks in South Carolina |
Balance Sheet $(000) | ||
Total Assets | 97,436 | 257,092 |
Total Net Loans | 69,575 | 186,621 |
Total Deposits | 79,854 | 207,734 |
Total Equity | 7,627 | 24,521 |
Profitability | ||
Net Income | 67 | 1,634 |
Return on Average Assets | .289 | 1.096 |
Return on Average Equity | 3.488 | 11.033 |
Net Interest Margin | 3.987 | 4.175 |
Efficiency Ratio | 85.477 | 64.398 |
Noninterest Income/Revenue | 6.753 | 14.032 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 87.128 | 82.625 |
Securities/Assets | .153 | .431 |
Total Equity/Total Assets | .078 | .095 |
Tangible Equity/Tangible Assets | .078 | -.051 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 7,805 | 23,541 |
Tier 2 Capital | 950 | 2,346 |
Total Capital | 8,755 | 25,881 |
Total Risk Weighted Assets | 79,932 | 197,526 |
Leverage Ratio | 8.4 | 10.514 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 9.76 | 15.651 |
Total Capital Ratio | 10.95 | 16.859 |
Timeline for New Commerce Bank, National Association
South State Bank
New Commerce Bank, National Association was acquired by South State Bank 19 years
View Profile Apr 09 2005New Commerce Bank, National Association
New Commerce Bank, National Association was established 25 years ago and is currently headquartered in Greenville, SC.
May 17 1999New Commerce Bancorp
New Commerce Bancorp became a new parent organization for New Commerce Bank, National Association.
View Profile May 17 1999Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
South State Bank | Buyer | 8,794,031 | Acquisition | Discontinued | 4/9/2005 |
Relationships | Role | Relationship Start | Relationship End |
New Commerce Bancorp | Parent | 5/17/1999 | 4/8/2005 |
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