1 star ratingAverage User Rating:
1 star rating based on 2 reviews.

Commerce Bank

Commerce Bank Locations
1000 Walnut Street
Kansas City, MO 64106
800-453-2265
www.commercebank.com

Commerce Bank is headquartered in Kansas City and is the largest bank in the state of Missouri. It is also the 61st largest bank in the nation. It was established in 1984 and as of March of 2012, it had grown to 4,666 employees at 206 locations. Commerce Bank has a 5-star health rating.

Commerce Bank Routing Number: 101114073

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Checking Account Bonus of Up to $100 at Commerce Bank in Some States - 6/6/2011

Commerce Bank is offering up to $100 for opening its myRewards Checking Account and using several of its services. You can also earn up to $100 each year with a myRewards Savings Account. This does re ...



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See Rates for: Checking | Savings | Money Market | CD

Commerce Bank Checking Account Rates

ApyMinMaxProduct
0.08%†--CommerceOptions Premium Checking
0.08%--CommerceOptions Plus
0.03%†$1k-Personal Interest Checking

Commerce Bank Savings Account Rates

ApyMinMaxProduct
0.05%†$100-myRewards Savings
0.05%†$100-Personal Savings

Commerce Bank Money Market Rates

ApyMinMaxProduct
0.35%†$100k-CommerceOptions Premium Money Market Account
0.20%†$50k-Premium Money Market Account
0.15%†$250-Money Market IRA
0.05%†$1k-Personal Investment Savings
0.05%†--myRewards Money Market

Commerce Bank CD Rates

ApyMinMaxProduct
0.65%†$1k-5 Year CD
0.60%†$1k-4 Year CD
0.55%†$1k-3 Year CD
0.45%†$1k-2 Year CD
0.30%†$1k-1 Year CD
0.20%†$2,500-6 Month CD
0.15%†$2,500-3 Month CD

Rates updated: 5/24/2012

Data for Q1 2012


Institution Statistics


Commerce Bank
FDIC Certificate #24998
BankRate ReportView
Year Established1984
Employees4666
Primary RegulatorFED

Assets and Liabilities

Assets$20.37 billion
Loans$9.08 billion
Deposits$16.78 billion
Equity Capital$1.94 billion
Loan Loss Allowance$181.53 million
Unbacked Noncurrent Loans$81.24 million
Real Estate Owned$23.01 million

Historic Data - March 2011

Assets$18.85 billion
Equity Capital$1.81 billion
Loan Loss Allowance$194.54 million
Unbacked Noncurrent Loans$92.28 million
Real Estate Owned$25.06 million

Profit Margin - Quarterly

Net Interest Margin3.32%
Return on Assets1.24%
Return on Equity13.15%
Interest Income$168.29 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Commerce Bank had $104.25 million in non-current loans and owned real-estate with $2.13 billion in equity and loan loss allowances on hand to cover it. This gives Commerce Bank a Texas Ratio of 4.90% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Commerce Bank decreased slightly from 5.86% as of March 31, 2011 to 4.90% as of March 31, 2012, resulting in a positive change of 16.33%.This indicates that the balance sheet and financial strength for Commerce Bank has improved slightly in recent periods.
Deposit Growth5
In the past year, Commerce Bank has increased its total deposits by $1.24 billion, resulting in 7.95% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Commerce Bank has shown is excellent.
Capitalization4
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Commerce Bank has $20.37 billion in assets with $2.13 billion in equity, resulting in a capitalization level of 10.43%, which is above average.
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PROPER BANKING
1 stars - AmandaWheat - Tuesday, May 3, 2011 - 1:39 AM

I started my account in 2008 and started out great but within the past 12 months things have been quit the opposite, Commerce could stand to have more business educated employees with a good attitude behind them and accuracy as well. I have found them to try to be SNEAKY with account funds and online banking is  a joke. Deposits are not made in a appropriate time frame as well as withdrawls. One employee does not know what the other is doing with anything, if there is any fraud with a account they will protect the crook and you won't see your money that was illegally taken... They use to have a(n) older group of employees and bank manager that was awsome but they down graded to the young and thoughtless group (to save on pay) If you are looking to open an account shop around!

4

Outrageous Fees
1 stars - jeven - Wednesday, September 7, 2011 - 7:32 PM

This is my fault, but I overdrew on my account.  Because I use my debit card for everything, I had thirteen transactions all overdrawn but I only went over sixty dollars.  For the thirteen transactions, I was charged $450 dollars.  Furthermore, my account was only negative for two days.  I contacted customer service about how upset I was and told them that I was going to close my account.  They replied back with instructions on how to close the account.

3
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Checking Account Bonus of Up to $100
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Anonymous - June 6, 2011
I just calculated all those things to be done involving my time, efforts and money locked up to avoid fees and came to a negative of at least $100.\Not worthed to even consider such additional account, unless this will be your only account, then go for it.

 
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