Bank of Commerce

100 Queens Road
Charlotte, NC 28204

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 58134
Date Established 2006
Assets $0.12 billion
Loans $0.09 billion
Deposits $0.09 billion
Capital $0.01 billion

Bank of Commerce is an FDIC insured institution located in Charlotte, NC. It was founded in 2006 and has approximately $0.12 billion in assets.

For a more detailed analysis of Bank of Commerce's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Bank of Commerce’s loan portfolio are Commercial Real Estate, Small Business Loans, and 1-4 Family Residential Loans.

Compared to other banks in North Carolina, Bank of Commerce has a significantly higher percent of Small Business Loans, Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 17.42
Multifamily
Mortgages
0.90
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 32.24
Construction and Development Loans 4.50
Commercial Real Estate 66.90
Commercial and Industrial Loans 11.79
Farm Loans 0.00

Deposit Rates

Your Current Location: Virginia, VA 20146

There are currently no rates available for Bank Of Commerce, but see these great savings and CD rates:

1.25% APY Online Savings Account from Ally Bank
1.60% APY 11 Month CD from Ally Bank

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Bank of Commerce

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
vLoan
NMLS ID: 2229
License#: MC-5591
4.078% 4.000% 0.38 $2,345 $1,194 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More

Note to Bank of Commerce
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Branches

Bank of Commerce branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Bank of Commerce Locations

Financial Details

Bank of Commerce Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Commerce. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Bank of Commerce U.S. Bank Average
10.29% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, Bank of Commerce had $1,162,000 in non-current loans and $249,000 in owned real estate. To cover these potential losses it had $12,307,000 in equity and $1,406,000 in loans loss reserves. That gives it a Texas Ratio of 10.29%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Bank of Commerce U.S. Bank Average
1.22% 8.58

Bank of Commerce has a Return on Equity of 1.22% versus the BestCashCow average of 8.58. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Bank of Commerce U.S. Bank Average
10.02% 12.11

Bank of Commerce has a Capitalization of 10.02% versus the BestCashCow average of 12.11. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Bank of Commerce Balance Sheet Analysis

As of June 30, 2014, Bank of Commerce had assets of $122,802,000, loans of $89,407,000, and deposits of $92,829,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Frequently Asked Questions About Bank of Commerce

Branches and Savings

Is Bank of Commerce FDIC insured?

Yes. It is covered under FDIC Certificate #58134.

Why does Bank of Commerce pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Bank of Commerce CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Bank of Commerce a commercial bank?

Yes

Where are Bank of Commerce locations?

See branch locations nearby.

Is Bank of Commerce open on Saturdays?

Is Bank of Commerce open on Sundays?

What time does Bank of Commerce open?

What time does Bank of Commerce close?

Are Bank of Commerce ATMs Open 24/7?

Do Bank of Commerce ATMs accept cash deposits?

Can Bank of Commerce customers use other ATMs?

Do Bank of Commerce branches have notaries?

Will Bank of Commerce notarize my document?

What address for Bank of Commerce should I put for incoming ACH transfers?

Will the Bank of Commerce branch print checks?

Do Bank of Commerce checks expire?

Does Bank of Commerce require US citizenship to open account?

Can Bank of Commerce close my account?

Does Bank of Commerce Report to credit bureaus?

Does Bank of Commerce Use Equifax?

What is Bank of Commerce's ACH Routing Number?

What is Bank of Commerce's SWIFT code?

Products

Does Bank of Commerce offer mortgages?

Compare mortgage rates here.

Does Bank of Commerce offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank of Commerce offer personal loans?

Compare personal loan rates here.

Does Bank of Commerce offer student loans?

Will Bank of Commerce cash a check?

Will Bank of Commerce redeem a savings bond?

Does Bank of Commerce cash savings bonds?

Will Bank of Commerce cash money orders?

Can Bank of Commerce issue a money order?

Does Bank of Commerce do currency exchange?

Background on The Bank

Who owns Bank of Commerce?

How long has Bank of Commerce been around?

Can Bank of Commerce transfer to other banks?

Does Bank of Commerce have quick pay?

Does Bank of Commerce accept rolled coins?

Will Bank of Commerce accept loose change?

Where is Bank of Commerce headquarters?

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