News and Updates
April 18, 2016
Commerce Bank Awarded a 5-star Rating by Bauer Financial, Inc.
President & CEO Frank A. Davis announced on April 18, 2016, that the bank has again been awarded a 5-Star rating by Bauer Financial, Inc. Bauer Financial, located in Coral Gables, FL, is one of the premier bank rating agencies in the United States. This award was given for the period ending March 31, 2016, and means that our bank is one of the strongest in the nation! Visit the Bauer Financial web site at www.bauerfinancial.com.
March 31, 2016
Commerce Bank Reports Results for 2015
Frank A. Davis, President & CEO, reported the operating results for 2015. The Bank’s net income for 2015 for was $1,754,000. Net Income for 2014 was $1,539,000. This translates to earnings per share of $42.06 vs $36.91 for 2014.
The Bank’s 2015 total assets increased to $100,938,000; deposits increased to $86,959,000; and at year-end, the Bank’s capital was $12.14 million.
Mr. Davis wishes to thank each shareholder and all of the customers of Commerce Bank for their continued support.