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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

5.10%Q2 ’245.33%Q2 ’255.40%Q2 ’26+3%+7%

Non-interest income vs. expense

1.76%Q2 ’241.71%Q2 ’251.49%Q2 ’26-3%-13%

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 1.12%, up 33 bps year over year; NIM at 2.89%.
  • 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 (quarter, annualized)

1.12%+33 bps YoY

Net Interest Margin (quarter, annualized)

2.89%+19 bps YoY

Efficiency Ratio (quarter, annualized)

51.25%-1,160 bps YoY

Tier 1 Leverage Ratio

13.87%+155 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.79%0.87%1.14%1.14%1.12%+33 bps
Return on Equity7.16%7.66%9.44%9.07%8.66%+151 bps
Net Interest Margin2.70%2.62%2.92%2.86%2.89%+19 bps
Efficiency Ratio62.85%58.22%41.61%50.33%51.25%-1,160 bps
Non-Interest Burden1.69%1.52%1.20%1.43%1.47%-22 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-0.03%-0.01%-0.01%-0.01%-0.01%+3 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