Commerce Bank Reports – 625159

Commerce Bank Financial Reports

Quarter Ended: 2024-09-30

Data Updated on: 12/20/2024

Commerce Bank is a Commercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC) located in Laredo, TX. Established on 03/31/1982, the bank is regulated by the FDIC and has 3 domestic offices. It operates in the Laredo, TX.

The bank has 46 employees and holds $733,628k in total assets. With a focus on community banking, the bank has been serving its customers since 03/31/1982.

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Commerce Bank Institution Profile

Established Date 03/31/1982 Institution Class Commercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC)
Primary Regulator FDIC Number of Domestic Offices 3
Number of Foreign Offices 0 Number of US Offices 0
Number of Employees 46 Directly owned by another bank (CERT) No
Community Bank No ZIP 78041
Ownership Type Not Mutual City Laredo
State Alpha code TX State and County Number 48479
Subchapter S Corporations No Trust Powers Trust Powers Not Known
Federal Reserve ID Number 11 Federal Reserve ID Number Description DALLAS
Office of The Comptroller District: N/A Office of Thrift Supervision Region N/A
Last Structure Change Effective Date 09/30/2022 Date of Deposit Insurance 03/31/1982
Primary Insurance Agency DIF

Institution Profile Overview

Delve into the foundational details of Commerce Bank with our “Institution Profile” table. The 03/31/1982 marks the bank’s inception, providing historical context. Categorized as a Commercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC), the bank operates under the oversight of FDIC, ensuring compliance and regulatory adherence.

3 domestic offices reflect the bank’s physical footprint, while insights into ownership type, trust powers, and regulatory affiliations contribute to understanding its operational structure. Details such as Laredo, TX, and 78041 provide geographic context. Explore these attributes to gain a holistic view of Commerce Bank in the financial landscape.

Commerce Bank Financials

(USD, in thousands)

Total Assets $733,628 Total Liabilities $651,767
Total Equity Capital $81,861 Total Deposits $631,400
Net Loans and Leases $152,881 Total Interest Income $8,444
Total Noninterest Income $1,578 Total Interest Expense $3,190
Total Noninterest Expense $2,343 Tier 1 Risk-Based Capital Ratio 37.04%
Net Loans and Leases to Core Deposits 32.00% Return on Assets 2.07%
Return on Equity 18.46% Efficiency Ratio 34.29%

Financial Performance Overview

Gain a comprehensive perspective on Commerce Bank’s financial landscape through our “Financials” table. The bank boasts total assets of $733,628k, showcasing its substantial scale and influential market presence. A nuanced breakdown reveals insights into the bank’s financial structure and stability, with total liabilities standing at $651,767k and total equity capital at $81,861k.

Delve into key operational metrics, including total deposits of $631,400k, net loans and leases at $153k, and a meticulous analysis of income and expense components. Explore vital ratios such as the Tier 1 Risk-Based Capital Ratio, standing at 37.0444, and Return on Assets at 2.07. These metrics provide valuable insights into the bank’s risk management strategies and overall profitability.

This detailed financial overview is designed to enhance your understanding of Commerce Bank’s performance and competitive positioning within the financial industry.

Commerce Bank Additional Financial Information

(USD, in thousands)

Earnings Coverage of Net Loan Charge-Offs(x) $95 Net Loans and Leases to Core Deposits 32.00%
Tier 1 Risk-Based Capital Ratio 37.04% Securities Gains (Losses) $95
Goodwill and Other Intangibles N/A Cost of Funding Earning Assets 1.89%
Yield on Earning Assets 5.00% Total Interest Income $8,444
Applicable Income Taxes $995 Loss Allowance to Loans and Leases 1.95%
Net Loans and Leases $152,881 Loss Allowance to Noncurrent Loans and Leases 340.60%
Noncurrent Loans to Loans 0.57% Net Income Attributable to Bank and Noncontrolling Interests $3,708
Net Interest Income $5,254 Net Interest Margin 3.11%
Net Operating Income to Assets 2.02% Noninterest Income to Average Assets 0.88%
Total Noninterest Income $1,578 Noninterest Expense to Average Assets 1.31%
Total Noninterest Expense $2,343 Net Charge-Offs to Loans and Leases 0.11%
All Other Assets $18,077 Other Real Estate Owned $0
Other borrowed funds $0 Pre-tax Net Operating Income $4,608
Pretax Return on Assets 2.62% Return on Assets 2.07%
Retained Earnings to Average Equity (YTD only) 1.78%

Insights into Financial Metrics

Enhance your understanding of Commerce Bank‘s financial standing through our Additional Financial Information table. Explore key metrics such as Net Loans and Leases: $152,881k and Net Interest Income $5,254k to gain valuable insights into the bank’s core operations and revenue streams. Assess the Tier 1 Risk-Based Capital Ratio: 37.0444 for in-depth insights into capital adequacy and risk management strategies.

Delve into the intricacies of Net Charge-Offs to Loans and Leases: 0.11 to evaluate the bank’s asset quality and risk mitigation efforts. Examine the composition of income through Total Noninterest Income: $1,578k and evaluate operational efficiency using metrics like Efficiency Ratio: 34.29. This nuanced financial overview empowers a comprehensive analysis of Commerce Bank‘s strategic financial position and performance in the industry.

Frequently Asked Questions (FAQs)

What is the asset size of Commerce Bank?

The asset size of Commerce Bank is approximately $733,628k, reflecting the bank’s scale and market presence.

How does the loan-to-deposit ratio of Commerce Bank compare to industry benchmarks?

The loan-to-deposit ratio is a crucial measure of the bank’s financial health. For Commerce Bank, this ratio stands at
24.21%
(please calculate and adjust this logic based on real data retrieval), compared to industry averages typically ranging from 80% to 90%.

What is the capital adequacy ratio for Commerce Bank?

The Tier 1 Risk-Based Capital Ratio, a key indicator of the bank’s financial stability, is 37.0444.

What is the net interest margin of Commerce Bank, and how has it trended over the past year?

The current net interest margin is 3.11. Historical trends would require a more detailed analysis over the past quarters, which can be provided upon request.

What is the percentage of non-performing loans on Commerce Bank’s balance sheet?

The percentage of non-performing loans is an important metric indicating asset quality. For Commerce Bank, this stands at 0.5733.

Are there any recent regulatory changes that could impact Commerce Bank’s operations?

Regulatory environments are dynamic. Specific recent changes would require further detailed scanning of regulatory updates impacting Commerce Bank. For tailored insights, please consult our expert or access our detailed reports.

What is the history of Commerce Bank?

Commerce Bank was established on 03/31/1982. It has been serving the community for several decades, continuously adapting to the changing financial landscape. For a detailed history, please refer to the bank’s about page.

Is Commerce Bank FDIC insured?

Yes, Commerce Bank is FDIC insured, ensuring that deposits are protected up to the applicable limits. This underlines the bank’s commitment to maintaining customer trust and financial security.

What is the routing number for Commerce Bank in OK?

The routing number for Commerce Bank in Oklahoma is not available. It’s recommended to verify with the bank directly for transactions.

How big is Commerce Bank?

Commerce Bank is a significant player in the financial sector with total assets valued at $733,628k and a network of 3 domestic offices.

Is Commerce Bank a local bank?

Commerce Bank is often considered a local bank due to its strong community focus and local market presence, despite having a broader operational reach. This combination allows it to serve local communities effectively while benefiting from larger-scale operations.

This table provides key financial information about Commerce Bank. Get more data about Commerce Bank on Visbanking Report Portal.