XML 14 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
INTEREST INCOME    
Interest and fees on loans $ 128,323 $ 119,333
Interest and fees on loans held for sale 196 135
Interest on investment securities 55,265 48,891
Interest on federal funds sold and short-term securities purchased under agreements to resell 23 24
Interest on long-term securities purchased under agreements to resell 3,793 3,475
Interest on deposits with banks 397 270
Total interest income 187,997 172,128
INTEREST EXPENSE    
Savings, interest checking and money market 3,890 3,484
Time open and C.D.'s of less than $100,000 644 742
Time open and C.D.'s of $100,000 and over 2,763 1,986
Interest on federal funds purchased and securities sold under agreements to repurchase 1,539 888
Interest on other borrowings 888 1,253
Total interest expense 9,724 8,353
Net interest income 178,273 163,775
Provision for loan losses 11,128 9,439
Net interest income after provision for loan losses 167,145 154,336
NON-INTEREST INCOME    
Bank card transaction fees 43,204 44,470
Trust fees 32,014 29,243
Deposit account charges and other fees 21,942 20,691
Capital market fees 2,342 2,725
Consumer brokerage services 3,649 3,509
Loan fees and sales 3,168 2,510
Other 10,747 15,876
Total non-interest income 117,066 119,024
INVESTMENT SECURITIES GAINS (LOSSES), NET    
Investment securities gains (losses), net [1] (772) (995)
NON-INTEREST EXPENSE    
Salaries and employee benefits 112,369 106,859
Net occupancy 11,443 11,303
Equipment 4,609 4,634
Supplies and communication 5,709 6,829
Data processing and software 23,097 22,899
Marketing 3,224 3,813
Deposit insurance 3,471 3,165
Other 22,908 17,971
Total non-interest expense 186,830 177,473
Income before income taxes 96,609 94,892
Less income taxes 24,907 29,370
Net income 71,702 65,522
Less non-controlling interest expense (income) 198 148
Net income attributable to Commerce Bancshares, Inc. 71,504 65,374
Preferred Stock Dividends 2,250 2,250
Net Income (Loss) Available to Common Stockholders $ 69,254 $ 63,124
Net income per common share - basic $ 0.68 $ 0.62
Net income per common share - diluted $ 0.68 $ 0.62
[1] Available for sale and non-marketable securities