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Consolidated Statements Of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
INTEREST INCOME      
Interest and fees on loans $ 612,072 $ 663,338 $ 625,083
Interest on loans held for sale 860 1,209 1,298
Interest on investment securities 216,793 237,487 240,187
Interest on federal funds sold and short-term securities purchased under agreements to resell 3 55 519
Interest on Long-Term Securities Purchased Under Agreements To Resell 40,647 15,898 15,881
Interest on deposits with banks 2,273 6,698 6,233
Total interest income 872,648 924,685 889,201
INTEREST EXPENSE      
Savings, interest checking and money market 17,851 39,712 27,803
Certificates of deposit of less than $100,000 4,897 6,368 3,215
Certificates of deposit of $100,000 and over 12,948 26,945 14,658
Interest on federal funds purchased and securities sold under agreements to repurchase 6,091 29,415 19,655
Interest on other borrowings 1,014 952 45
Total interest expense 42,801 103,392 65,376
Net interest income 829,847 821,293 823,825
Provision for loan losses 137,190 50,438 42,694
Net interest income after provision for loan losses 692,657 770,855 781,131
NON-INTEREST INCOME      
Bank card transaction fees 151,797 167,879 171,576
Trust fees 160,637 155,628 147,964
Deposit account charges and other fees 93,227 95,983 94,517
Capital market fees 14,582 8,146 7,721
Consumer brokerage 15,095 15,804 15,807
Loan fees and sales 26,684 15,767 12,723
Other 43,845 65,496 51,033
Total non-interest income 505,867 524,703 501,341
INVESTMENT SECURITIES GAINS (LOSSES), NET      
Investment securities gains (losses), net [1] 11,032 3,626 (488)
NON-INTEREST EXPENSE      
Salaries and employee benefits 512,987 492,927 468,194
Net occupancy 46,645 47,157 46,044
Equipment 18,839 19,061 18,125
Supplies and communication 17,419 20,394 20,637
Data processing and software 95,325 92,899 85,978
Marketing 19,734 21,914 20,548
Other 57,429 73,046 78,295
Total non-interest expense 768,378 767,398 737,821
Income before income taxes 441,178 531,786 544,163
Less income taxes 87,293 109,074 105,949
Net income 353,885 422,712 438,214
Less non-controlling interest expense (172) 1,481 4,672
NET INCOME ATTRIBUTABLE TO COMMERCE BANCSHARES, INC. 354,057 421,231 433,542
Preferred stock dividends 11,966 9,000 9,000
Net Income (Loss) Available to Common Stockholders, Basic $ 342,091 $ 412,231 $ 424,542
Net income per common share - basic (in dollars per share) $ 2.91 $ 3.42 $ 3.44
Net income per common share - diluted (in dollars per share) $ 2.91 $ 3.41 $ 3.43
[1] Available for sale debt securities, equity securities, and other securities.