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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
INTEREST INCOME        
Interest and fees on loans $ 154,135 $ 134,273 $ 301,150 $ 262,596
Interest and fees on loans held for sale 372 263 676 459
Interest on investment securities 65,564 54,975 118,806 110,240
Interest on federal funds sold and short-term securities purchased under agreements to resell 177 37 357 60
Interest on long-term securities purchased under agreements to resell 3,785 3,684 7,899 7,477
Interest on deposits with banks 1,590 362 2,730 759
Total interest income 225,623 193,594 431,618 381,591
INTEREST EXPENSE        
Savings, interest checking and money market 6,519 4,342 12,108 8,232
Time open and C.D.'s of less than $100,000 694 674 1,356 1,318
Time open and C.D.'s of $100,000 and over 3,483 2,822 6,322 5,585
Interest on federal funds purchased and securities sold under agreements to repurchase 3,956 2,038 7,957 3,577
Interest on other borrowings 12 911 24 1,799
Total interest expense 14,664 10,787 27,767 20,511
Net interest income 210,959 182,807 403,851 361,080
Provision for loan losses 10,043 10,758 20,439 21,886
Net interest income after provision for loan losses 200,916 172,049 383,412 339,194
NON-INTEREST INCOME        
Bank card transaction fees 43,215 37,295 84,668 73,046
Trust fees 37,036 33,120 73,098 65,134
Deposit account charges and other fees 23,893 22,861 46,875 44,803
Capital market fees 1,992 2,156 4,283 4,498
Consumer brokerage services 3,971 3,726 7,739 7,375
Loan fees and sales 3,229 4,091 6,091 7,259
Other 11,514 12,131 21,786 22,878
Total non-interest income 124,850 115,380 244,540 224,993
INVESTMENT SECURITIES GAINS (LOSSES), NET        
Investment securities gains (losses), net (3,075) 1,651 2,335 [1] 879 [1]
NON-INTEREST EXPENSE        
Salaries and employee benefits 115,589 108,829 231,483 221,198
Net occupancy 11,118 11,430 22,702 22,873
Equipment 4,594 4,776 9,025 9,385
Supplies and communication 5,126 5,446 10,439 11,155
Data processing and software 21,016 20,035 41,706 39,940
Marketing 5,142 4,488 9,947 7,712
Deposit insurance 3,126 3,592 6,583 7,063
Community Service 656 2,916 1,385 5,860
Other 15,493 15,378 30,867 31,081
Total non-interest expense 181,860 176,890 364,137 356,267
Income before income taxes 140,831 112,190 266,150 208,799
Less income taxes 29,507 33,201 52,765 58,108
Net income 111,324 78,989 213,385 150,691
Less non-controlling interest expense (income) 994 29 2,071 227
Net income attributable to Commerce Bancshares, Inc. 110,330 78,960 211,314 150,464
Preferred Stock Dividends 2,250 2,250 4,500 4,500
Net Income (Loss) Available to Common Stockholders $ 108,080 $ 76,710 $ 206,814 $ 145,964
Net income per common share - basic $ 1.02 $ 0.71 $ 1.94 $ 1.36
Net income per common share - diluted $ 1.01 $ 0.71 $ 1.93 $ 1.36
[1] Available for sale and non-marketable securities