Commerce Bank & Trust Company (merged into Berkshire Bank)
Commerce Bank & Trust Company reported total assets of $1.8 bn at Q3 2017, its last Call Report before it merged into Berkshire Bank. The CET1 capital ratio at Commerce Bank & Trust Company was 11.60%, and the uninsured share of Commerce Bank & Trust Company was 26.51%. Source: FDIC Call Reports.
What sets Commerce Bank & Trust Company apart
Nothing in the latest data sets Commerce Bank & Trust Company apart from banks of its size: no ratio in the top or bottom tenth of its size group, no large rank move or year change, and no acquisition in the FDIC history since 2016. This page is kept out of search results until that changes.
How large is Commerce Bank & Trust Company?
The balance sheet of Commerce Bank & Trust Company at : assets $1.8 bn, deposits $1.6 bn, net loans $1.4 bn (loans equal to 85.98% of deposits). Securities make up 6.3% of total assets at Commerce Bank & Trust Company. Since , when Commerce Bank & Trust Company held $2.2 bn, its assets shrank 16.0%. In the year to , deposits at Commerce Bank & Trust Company fell 5.4% while its total assets fell 4.4%. At , Commerce Bank & Trust Company employed 226 full-time equivalent staff across 17 offices, about $8.1 mn of assets per employee and $94.4 mn of deposits per office.
How much funding at Commerce Bank & Trust Company is uninsured?
At Commerce Bank & Trust Company, uninsured deposits (above the FDIC limit) made up 26.51% of domestic deposits at (+4.36 pp on a year earlier). In dollars, Commerce Bank & Trust Company estimated $425.7 mn of uninsured deposits.
Key facts, Q3 2017
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $1.6 bn | $1.7 bn (Q3 2016) | |
| Net loans and leases | $1.4 bn | $1.4 bn (Q3 2016) | |
| Loan-to-deposit ratio | 85.98% | 81.51% (Q3 2016) | |
| Tier 1 leverage ratio | 9.98% | 8.92% (Q3 2016) | |
| Total risk-based capital ratio | 12.59% | 11.81% (Q3 2016) | |
| Net interest margin | 2.99% | 2.78% (Q3 2016) | |
| Return on assets (ROA) | 0.93% | 0.61% (Q3 2016) | |
| Efficiency ratio | 54.64% | 56.02% (Q3 2016) | |
| Unrealized gain/loss on available-for-sale securities | Gain of $980,000 | Fell by $947,000 | |
| Noncurrent loans to total loans | 2.27% | 1.04% (Q3 2016) | |
| Net charge-offs to average loans | 0.17% | 0.11% (Q3 2016) |
US rank of Commerce Bank & Trust Company: 1 = highest unless marked 1 = lowest.
Balance sheet
Commerce Bank & Trust Company: assets, deposits and loans
- Total assets $1.8bn
- Deposits $1.6bn
- Net loans $1.4bn
Capital and securities
The CET1 ratio of Commerce Bank & Trust Company stood at 11.60% in , +0.96 pp year on year. Low and high at Commerce Bank & Trust Company since : 10.62% () to 11.60% (). Equity capital of Commerce Bank & Trust Company at : $190.6 mn, or 10.4% of total assets. Commerce Bank & Trust Company also reported a total capital ratio of 12.59% for , and a tier 1 leverage ratio of 9.98%.
The available-for-sale portfolio of Commerce Bank & Trust Company showed an unrealized gain of $980,000 at ; the gain fell by $947,000 over the year.
Commerce Bank & Trust Company: capital ratios
- Total capital 13%
- CET1 12%
- Tier 1 leverage 10.0%
Commerce Bank & Trust Company: unrealized securities gains and losses
- Available for sale $980,000
- Held to maturity $0
Profitability and loan quality
For the year to , Commerce Bank & Trust Company earned a return on equity of 10.38%; return on assets: 0.93%. Net interest margin at Commerce Bank & Trust Company: 2.99%, +0.20 pp in a year. Commerce Bank & Trust Company net income: $14.4 mn, up 51.6% year on year. The efficiency ratio of Commerce Bank & Trust Company was 54.64%: about 55 cents cost per revenue dollar, against 64 cents at the median peer.
At , noncurrent loans were 2.27% of total loans at Commerce Bank & Trust Company; net charge-offs: 0.17% of average loans. Gross loans and leases at Commerce Bank & Trust Company: $1.4 bn at , against $1.4 bn at .
Commerce Bank & Trust Company: profitability
- Return on equity 10%
- Net interest margin 3.0%
- Return on assets 0.9%
Peer group of Commerce Bank & Trust Company
The peer group of Commerce Bank & Trust Company is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 4 share the charter type of Commerce Bank & Trust Company (state nonmember bank) and 1 has its head office in Massachusetts. Against them, Commerce Bank & Trust Company shows CET1 ratio 11.60% against a peer median of 12.28%, return on equity 10.38% against a peer median of 10.62% and uninsured deposit share 26.51% against a peer median of 23.88%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| BCB Community Bank | State nonmember bank | NJ | $1.9 bn | 12.42% | 8.11% | 20.77% | |
| Cambridge Trust Company | State nonmember bank | MA | $1.9 bn | 12.14% | 13.47% | 36.79% | |
| Midwest BankCentre | State member bank | MO | $1.9 bn | 11.69% | 6.95% | 4.92% | |
| Commerce Bank & Trust Company | State nonmember bank | MA | $1.8 bn | 11.60% | 10.38% | 26.51% | |
| Macatawa Bank | National bank | MI | $1.8 bn | 13.99% | 10.04% | 36.14% | |
| Bankwell Bank | State nonmember bank | CT | $1.8 bn | 11.01% | 11.21% | 27.00% | |
| USAA Savings Bank | State nonmember bank | NV | $1.8 bn | 89.09% | 92.11% | 10.63% | |
. FDIC Call Reports.
Last eight quarters
Two years at Commerce Bank & Trust Company, to : assets $2.2 bn to $1.8 bn, deposits $2.0 bn to $1.6 bn, equity $172.4 mn to $190.6 mn. Staff 229 to 226.
| Metric | Q1 2016 | Q2 2016 | Q3 2016 | Q4 2016 | Q1 2017 | Q2 2017 | Q3 2017 |
|---|---|---|---|---|---|---|---|
| Total assets | $2.2 bn | $2.1 bn | $1.9 bn | $2.2 bn | $2.2 bn | $1.9 bn | $1.8 bn |
| Total deposits | $2.0 bn | $1.9 bn | $1.7 bn | $2.0 bn | $2.0 bn | $1.7 bn | $1.6 bn |
| Bank equity capital | $172.4 mn | $173.5 mn | $176.4 mn | $178.9 mn | $182.9 mn | $186.2 mn | $190.6 mn |
| CET1 ratio | 10.62% | 10.65% | 10.64% | 10.62% | 10.73% | 11.11% | 11.60% |
| Return on equity (ROE) | 7.59% | 6.34% | 7.30% | 7.73% | 11.23% | 10.37% | 10.38% |
| Uninsured share of domestic deposits | 19.27% | 20.19% | 22.15% | 18.83% | 21.72% | 25.01% | 26.51% |
| Full-time equivalent employees | 229 | 228 | 231 | 230 | 233 | 224 | 226 |
| Number of offices | 17 | 17 | 17 | 17 | 17 | 17 | 17 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Commerce Bank & Trust Company, oldest first; figures before and after each event are not like for like.
- . Merged into Berkshire Bank (FDIC certificate 23621).
Questions and identifiers
What were the total assets of Commerce Bank & Trust Company?
Commerce Bank & Trust Company reported $1.8 bn at in its Call Report.
Is Commerce Bank & Trust Company the same as its holding company?
No. This page covers Commerce Bank & Trust Company, FDIC certificate 17484; COMMERCE BANCSHARES CORP (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Commerce Bank & Trust Company profitable?
Commerce Bank & Trust Company reported net income of $14.4 mn for the year to ; annualized return on equity: 10.38%. So yes: Commerce Bank & Trust Company made a profit over these months.
When is data for Commerce Bank & Trust Company next updated?
Commerce Bank & Trust Company no longer files Call Reports; its data ends at .
Where can I check the figures for Commerce Bank & Trust Company?
In the FDIC BankFind Suite record for certificate 17484, and in the Call Reports of Commerce Bank & Trust Company (RSSD ID 824000) at the FFIEC Central Data Repository.