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Commerce Bank

Geneva, MN · Cert 10212 · Commerce Bancshares Inc.

State charter, non-member · FDIC · 2 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (n=53). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

91

Q2 2024Q2 2026peer median (50)

Asset Quality

73

Q2 2024Q2 2026peer median (50)

Profitability

32

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

87

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Commerce Bank

Geneva, MN · Cert 10212 · Commerce Bancshares Inc.

State charter, non-member · FDIC · 2 branches

Q2 2026

$220.0MAssets
$187.3MLoans
$156.8MDeposits
$29.1MEquity
Loan mix
92%RE $167.5M8%C&I $14.4M1%Consumer $1.0MQ2 2025Q2 2026
Deposit mix
92%Interest-bearing $144.4M8%Noninterest $12.4MQ2 2025Q2 2026

NIM

5.03%Q2 ’245.24%Q2 ’255.46%Q2 ’26+2%+11%

Non-interest income vs. expense

1.76%Q2 ’241.67%Q2 ’251.49%Q2 ’26-5%-11%

Market Position · Minneapolis-St. Paul-Bloomington, MN-WI · 2026 SOD (annual) · 0.1% share · #77 of 125 inst. · $0.1B of $253.2B

0.1% Hennepin
2.9% Freeborn

Executive Summary

  • Earnings: ROA of 1.14%, up 37 bps year over year; NIM at 2.92%.
  • Asset quality: problem loans at 0.60% of loans (-17 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 13.87%, up 155 bps from a year ago.
  • Funding: loans stand at 119.42% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.14%+37 bps YoY

Net Interest Margin (YTD, annualized)

2.92%+28 bps YoY

Efficiency Ratio (YTD, annualized)

50.78%-1,218 bps YoY

Tier 1 Leverage Ratio

13.87%+155 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.77%0.80%0.89%1.14%1.14%+37 bps
Return on Equity7.06%7.26%7.84%9.07%8.86%+180 bps
Net Interest Margin2.64%2.63%2.76%2.86%2.92%+28 bps
Efficiency Ratio62.97%61.39%56.15%50.33%50.78%-1,218 bps
Non-Interest Burden1.65%1.61%1.54%1.43%1.47%-18 bps
Growth
Asset Growth (YoY)-4.74%-8.62%-7.76%-7.96%-10.58%-584 bps
Loan Growth (YoY)-4.94%-8.87%-5.72%-7.62%-8.97%-402 bps
Deposit Growth (YoY)2.57%-2.28%-3.31%-5.56%-13.10%-1,567 bps
Asset Quality
Nonperforming Loans / Loans0.78%1.12%0.80%3.10%0.60%-17 bps
Net Charge-Offs / Loans-0.02%-0.01%-0.01%-0.01%-0.01%+1 bps
Allowance / Loans1.61%1.66%1.70%1.75%1.78%+17 bps
Allowance Coverage of NPLs2.1x1.5x2.1x0.6x3.0x+0.9x
Capital
Tier 1 Leverage Ratio12.32%12.40%12.89%13.35%13.87%+155 bps
Total Risk-Based Capital16.14%16.62%17.22%17.71%18.37%+223 bps
Equity / Assets11.16%11.66%12.50%12.73%13.24%+207 bps
Liquidity & Funding
Loans / Deposits114.00%115.78%118.79%114.89%119.42%+543 bps
Liquid Assets / Assets2.12%3.14%2.36%4.18%2.82%+70 bps
CRE / Total Capitaln/a380%350%339%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Commerce Bank

Geneva, MN · Cert 10212 · Peer group: banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (n=53) · Commerce Bancshares Inc.

State charter, non-member · FDIC · 2 branches

Q2 2026

$220.0MAssets
$187.3MLoans
$156.8MDeposits
$29.1MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (rank 13 of 53).
  • Widest gap: net interest margin trails 94% of banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (rank 50 of 53).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.16%

Rank 22 of 53

Net Interest Margin

2.92%

Rank 50 of 53

Efficiency Ratio

50.78%

Rank 8 of 53

Equity / Assets

13.24%

Rank 4 of 53

Non-interest income vs. expense

$0.1M$3.4MINCOMEEXPENSE
Unfavorable gap of $3.3M · efficiency ratio beats 87% of banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area
Bank 50.78%Peer median 65.1%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.16%0.73%1.11%1.30%Beats 58%22 / 53
Return on Equity8.79%7.88%12.20%14.12%Beats 32%36 / 53
Net Interest Margin2.92%3.39%3.77%4.09%Beats 6%50 / 53
Efficiency Ratio50.78%56.05%65.05%71.57%Beats 87%8 / 53
Asset Quality
Nonperforming Loans / Loans0.60%0.14%0.52%1.20%Beats 45%30 / 53
Net Charge-Offs / Loans0.00%0.00%0.01%0.08%Beats 100%13 / 53
Capital
Tier 1 Capital Ratio17.11%10.73%12.98%15.08%Beats 89%6 / 53
Total Risk-Based Capital Ratio18.37%11.49%13.79%16.34%Beats 91%5 / 53
Equity / Assets13.24%8.08%9.25%10.72%Beats 92%4 / 53
Liquidity & Funding
Loans / Deposits119.42%72.13%82.29%93.80%94th pctl3 / 53
Loans / Assets85.14%63.64%71.80%79.37%89th pctl6 / 53
Brokered Deposits / Depositsn/aNot reported for this institution