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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
INTEREST INCOME    
Interest and fees on loans $ 166,432 $ 147,015
Interest and fees on loans held for sale 334 304
Interest on investment securities 55,422 53,242
Interest on federal funds sold and short-term securities purchased under agreements to resell 33 180
Interest on long-term securities purchased under agreements to resell 3,758 4,114
Interest on deposits with banks 1,886 1,140
Total interest income 227,865 205,995
INTEREST EXPENSE    
Savings, interest checking and money market 9,602 5,589
Certificates of deposit of less than $100,000 1,259 662
Certificates of deposit of $100,000 and over 6,002 2,839
Interest on federal funds purchased and securities sold under agreements to repurchase 7,509 4,001
Interest on other borrowings 5 12
Total interest expense 24,377 13,103
Net interest income 203,488 192,892
Provision for loan losses 12,463 10,396
Net interest income after provision for loan losses 191,025 182,496
NON-INTEREST INCOME    
Bank card transaction fees 39,644 41,453
Trust fee revenue 37,256 36,062
Deposit fee revenue 23,018 22,982
Capital market fees 1,879 2,291
Consumer brokerage services 3,747 3,768
Loan fees and sales 3,309 2,862
Other 12,387 10,272
Total non-interest income 121,240 119,690
INVESTMENT SECURITIES GAINS (LOSSES), NET    
Investment securities gains (losses), net [1] (925) 5,410
NON-INTEREST EXPENSE    
Salaries and employee benefits 122,128 115,894
Net occupancy 11,501 11,584
Equipment 4,471 4,431
Supplies and communication 5,162 5,313
Data processing and software 22,260 20,690
Marketing 5,900 4,805
Deposit insurance 1,710 3,457
Community Service 803 729
Other 17,490 15,374
Total non-interest expense 191,425 182,277
Income before income taxes 119,915 125,319
Less income taxes 22,860 23,258
Net income 97,055 102,061
Less non-controlling interest expense (income) (83) 1,077
Net income attributable to Commerce Bancshares, Inc. 97,138 100,984
Preferred Stock Dividends 2,250 2,250
Net Income (Loss) Available to Common Stockholders $ 94,888 $ 98,734
Net income per common share - basic $ 0.85 $ 0.88
Net income per common share - diluted $ 0.85 $ 0.88
[1] Available for sale debt securities, equity securities, and other securities