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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
INTEREST INCOME        
Interest and fees on loans $ 167,709 $ 154,135 $ 334,141 $ 301,150
Interest and fees on loans held for sale 361 372 695 676
Interest on investment securities 64,658 65,564 120,080 118,806
Interest on federal funds sold and short-term securities purchased under agreements to resell 11 177 44 357
Interest on long-term securities purchased under agreements to resell 3,687 3,785 7,445 7,899
Interest on deposits with banks 1,986 1,590 3,872 2,730
Total interest income 238,412 225,623 466,277 431,618
INTEREST EXPENSE        
Savings, interest checking and money market 10,254 6,519 19,856 12,108
Certificates of deposit of less than $100,000 1,531 694 2,790 1,356
Certificates of deposit of $100,000 and over 6,931 3,483 12,933 6,322
Interest on federal funds purchased and securities sold under agreements to repurchase 8,057 3,956 15,566 7,957
Interest on other borrowings 5 12 10 24
Total interest expense 26,778 14,664 51,155 27,767
Net interest income 211,634 210,959 415,122 403,851
Provision for loan losses 11,806 10,043 24,269 20,439
Net interest income after provision for loan losses 199,828 200,916 390,853 383,412
NON-INTEREST INCOME        
Bank card transaction fees 42,646 43,215 82,290 84,668
Trust fee revenue 38,375 37,036 75,631 73,098
Deposit fee revenue 23,959 23,893 46,977 46,875
Capital market fees 1,944 1,992 3,823 4,283
Consumer brokerage services 3,888 3,971 7,635 7,739
Loan fees and sales 4,238 3,229 7,547 6,091
Other 12,209 11,514 24,596 21,786
Total non-interest income 127,259 124,850 248,499 244,540
INVESTMENT SECURITIES GAINS (LOSSES), NET        
Investment securities gains (losses), net (110) (3,075) (1,035) 2,335
NON-INTEREST EXPENSE        
Salaries and employee benefits 120,062 115,589 242,190 231,483
Net occupancy 11,145 11,118 22,646 22,702
Equipment 4,790 4,594 9,261 9,025
Supplies and communication 5,275 5,126 10,437 10,439
Data processing and software 23,248 21,016 45,508 41,706
Marketing 6,015 5,142 11,915 9,947
Deposit insurance 1,693 3,126 3,403 6,583
Community Service 641 656 1,444 1,385
Other 16,910 15,493 34,400 30,867
Total non-interest expense 189,779 181,860 381,204 364,137
Income before income taxes 137,198 140,831 257,113 266,150
Less income taxes 28,899 29,507 51,759 52,765
Net income 108,299 111,324 205,354 213,385
Less non-controlling interest expense (income) 328 994 245 2,071
Net income attributable to Commerce Bancshares, Inc. 107,971 110,330 205,109 211,314
Preferred Stock Dividends 2,250 2,250 4,500 4,500
Net Income (Loss) Available to Common Stockholders $ 105,721 $ 108,080 $ 200,609 $ 206,814
Net income per common share — basic $ 0.96 $ 0.96 $ 1.81 $ 1.84
Net income per common share — diluted $ 0.96 $ 0.96 $ 1.81 $ 1.84