Commodore Bank
Somerset, Ohio · FDIC Cert #2289
Commodore Bank is an FDIC-insured bank (Certificate #2289) with $94M in total assets and $89M in total deposits as of the Q2 2024 Call Report. Headquartered in Somerset, Ohio, the bank maintains a Tier 1 capital ratio of 11.80% (Well-Capitalized) and a nonperforming loan ratio of 2.18%. BankHealthData assigns a composite Health Grade of B (70/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Commodore Bank (FDIC cert 2289) is a community bank — $94M in total assets, $89M in deposits, serving the Somerset, Ohio area. Community banks make up the largest share of U.S. banks by count but a much smaller share by assets.
Capital position is adequate: Tier 1 capital ratio of 11.80% meets the 8% well-capitalized threshold but does not provide substantial buffer above it. Adequate capital is regulatory-acceptable but leaves less room for absorbing unexpected losses. Asset quality is elevated: non-performing loan ratio of 2.18% runs above 2%, suggesting the loan book carries more credit risk than peer banks. Elevated NPL can reflect specific portfolio concentrations or broader credit-cycle pressure. Liquidity is comfortable: 29.6% of assets in liquid form — sufficient to cover meaningful deposit-outflow scenarios without forced asset sales.
Profitability is minimal: ROA of 0.12% indicates the bank is barely profitable on an assets basis. Multiple quarters of minimal profitability eventually challenge capital growth and regulatory standing. Health-score trend is improving: the bank's composite score is up materially over the most recent quarters in the dataset. Improving trends usually reflect either capital strengthening, asset-quality recovery, or sustained profitability gains. Commodore Bank carries a composite BankHealth grade of B (70/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: Commodore Bank
- Total Assets
- $94M
- Total Deposits
- $89M
- Tier 1 Capital Ratio
- 11.80%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 2.18%
- Liquidity Ratio
- 29.59%
- Return on Assets
- 0.12%
- Headquarters
- Somerset, Ohio
- FDIC Certificate
- #2289
- Health Grade
- B (70/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, Commodore Bank holds a Tier 1 capital ratio of 11.80%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning Commodore Bank has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
Commodore Bank shows strong financial health indicators. With $94M in assets and a Health Score of 70/100, this bank demonstrates solid capital reserves, manageable loan risk, and adequate liquidity to serve its depositors.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How Commodore Bank Compares
Commodore Bank’s Health Score of 70 is 3 points above the Ohio state average of 67 across 144 FDIC-insured banks. Its 11.80% Tier 1 capital ratio is 2.2 points below the US banking industry average near 14%. The 2.18% nonperforming loan ratio is higher than the industry norm (~0.8%), indicating more credit stress than peers. Return on assets of 0.12% is below the national ROA benchmark of ~1.1%. Among 1044 similarly-sized banks, the average Health Score is 68, meaning this bank ranks above its size cohort.
Frequently Asked Questions
Commodore Bank has a Bank Health Score of B (70/100), placing it in solid financial health. It holds a Tier 1 capital ratio of 11.80%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. Commodore Bank's Tier 1 capital ratio of 11.80% and nonperforming loan ratio of 2.18% indicate a low risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at Commodore Bank is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #2289). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
Commodore Bank holds $94M in total assets and $89M in total deposits. It is headquartered in Somerset, Ohio (FDIC Certificate #2289).
Commodore Bank has a Tier 1 capital ratio of 11.80%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 2.18%, and the return on assets is 0.12%.
Yes. Commodore Bank is FDIC-insured (Certificate #2289). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An B grade on our Bank Health Score means 70-84/100 — solid financial position with no major stress signals. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
Commodore Bank's metrics indicate solid financial health with no major stress signals — there's no current data-driven reason to move insured deposits. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.