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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
INTEREST INCOME        
Interest and fees on loans $ 134,273 $ 121,151 $ 262,596 $ 240,484
Interest and fees on loans held for sale 263 692 459 827
Interest on investment securities 54,975 54,698 110,240 103,589
Interest on federal funds sold and short-term securities purchased under agreements to resell 37 19 60 43
Interest on long-term securities purchased under agreements to resell 3,684 3,354 7,477 6,829
Interest on deposits with banks 362 151 759 421
Total interest income 193,594 180,065 381,591 352,193
INTEREST EXPENSE        
Savings, interest checking and money market 4,342 3,548 8,232 7,032
Time open and C.D.'s of less than $100,000 674 709 1,318 1,451
Time open and C.D.'s of $100,000 and over 2,822 2,347 5,585 4,333
Interest on federal funds purchased and securities sold under agreements to repurchase 2,038 725 3,577 1,613
Interest on other borrowings 911 907 1,799 2,160
Total interest expense 10,787 8,236 20,511 16,589
Net interest income 182,807 171,829 361,080 335,604
Provision for loan losses 10,758 9,216 21,886 18,655
Net interest income after provision for loan losses 172,049 162,613 339,194 316,949
NON-INTEREST INCOME        
Bank card transaction fees 44,999 45,065 88,203 89,535
Trust fees 33,120 30,241 65,134 59,484
Deposit account charges and other fees 22,861 21,328 44,803 42,019
Capital market fees 2,156 2,500 4,498 5,225
Consumer brokerage services 3,726 3,491 7,375 7,000
Loan fees and sales 4,091 3,196 7,259 5,706
Other 12,131 10,749 22,878 26,625
Total non-interest income 123,084 116,570 240,150 235,594
INVESTMENT SECURITIES GAINS (LOSSES), NET        
Investment securities gains (losses), net 1,651 (744) 879 [1] (1,739) [1]
NON-INTEREST EXPENSE        
Salaries and employee benefits 108,829 104,808 221,198 211,667
Net occupancy 11,430 11,092 22,873 22,395
Equipment 4,776 4,781 9,385 9,415
Supplies and communication 5,446 5,693 11,155 12,522
Data processing and software 23,356 22,770 46,453 45,669
Marketing 4,488 4,389 7,712 8,202
Deposit insurance 3,592 3,143 7,063 6,308
Other 22,677 20,413 45,585 38,384
Total non-interest expense 184,594 177,089 371,424 354,562
Income before income taxes 112,190 101,350 208,799 196,242
Less income taxes 33,201 31,542 58,108 60,912
Net income 78,989 69,808 150,691 135,330
Less non-controlling interest expense (income) 29 (85) 227 63
Net income attributable to Commerce Bancshares, Inc. 78,960 69,893 150,464 135,267
Preferred Stock Dividends 2,250 2,250 4,500 4,500
Net Income (Loss) Available to Common Stockholders $ 76,710 $ 67,643 $ 145,964 $ 130,767
Net income per common share - basic $ 0.75 $ 0.67 $ 1.43 $ 1.29
Net income per common share - diluted $ 0.75 $ 0.66 $ 1.43 $ 1.28
[1] Available for sale and non-marketable securities