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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
INTEREST INCOME        
Interest and fees on loans $ 121,151 $ 113,467 $ 240,484 $ 224,753
Interest and fees on loans held for sale 692 39 827 60
Interest on investment securities 54,698 53,264 103,589 91,700
Interest on federal funds sold and short-term securities purchased under agreements to resell 19 15 43 24
Interest on long-term securities purchased under agreements to resell 3,354 3,670 6,829 6,721
Interest on deposits with banks 151 122 421 301
Total interest income 180,065 170,577 352,193 323,559
INTEREST EXPENSE        
Savings, interest checking and money market 3,548 3,287 7,032 6,595
Time open and C.D.'s of less than $100,000 709 818 1,451 1,698
Time open and C.D.'s of $100,000 and over 2,347 1,504 4,333 2,914
Interest on federal funds purchased and securities sold under agreements to repurchase 725 421 1,613 788
Interest on other borrowings 907 890 2,160 1,769
Total interest expense 8,236 6,920 16,589 13,764
Net interest income 171,829 163,657 335,604 309,795
Provision for loan losses 9,216 6,757 18,655 11,177
Net interest income after provision for loan losses 162,613 156,900 316,949 298,618
NON-INTEREST INCOME        
Bank card transaction fees 45,065 45,672 89,535 87,971
Trust fees 31,464 30,531 61,834 60,117
Deposit account charges and other fees 21,328 19,637 42,019 38,136
Capital market fees 2,500 2,738 5,225 5,740
Consumer brokerage services 3,491 3,507 7,000 6,843
Loan fees and sales 3,196 2,183 5,706 4,272
Other 9,526 9,967 24,275 17,730
Total non-interest income 116,570 114,235 235,594 220,809
INVESTMENT SECURITIES GAINS (LOSSES), NET        
Investment securities gains (losses), net (744) 2,143 (1,739) [1] 8,178 [1]
NON-INTEREST EXPENSE        
Salaries and employee benefits 104,808 99,655 211,667 197,729
Net occupancy 11,092 10,999 22,395 22,560
Equipment 4,781 4,679 9,415 9,382
Supplies and communication 5,693 5,226 12,522 10,807
Data processing and software 22,770 21,045 45,669 40,551
Marketing 4,389 4,307 8,202 8,225
Deposit insurance 3,143 3,019 6,308 6,020
Other 20,413 16,533 38,384 34,034
Total non-interest expense 177,089 165,463 354,562 329,308
Income before income taxes 101,350 107,815 196,242 198,297
Less income taxes 31,542 32,492 60,912 60,960
Net income 69,808 75,323 135,330 137,337
Less non-controlling interest expense (income) (85) 970 63 1,929
Net income attributable to Commerce Bancshares, Inc. 69,893 74,353 135,267 135,408
Preferred Stock Dividends 2,250 2,250 4,500 4,500
Net Income (Loss) Available to Common Stockholders $ 67,643 $ 72,103 $ 130,767 $ 130,908
Net income per common share - basic $ 0.70 $ 0.72 $ 1.35 $ 1.30
Net income per common share - diluted $ 0.70 $ 0.72 $ 1.35 $ 1.30
[1] Available for sale and non-marketable securities