Commerce Bank

Headquarters

700 Taylor Street
Corinth, MS 38834
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 0.95% →
1-Year CD 0.40% 1.01% →
2-Year CD 0.50% 0.95% →
5-Year CD 1.10% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Commerce Bank is an FDIC insured institution located in Corinth, MS. It was founded in 1999 and has approximately $0.13 billion in assets.

FDIC Insured Yes
FDIC Certificate # 34938
Date Established 1999
Assets $ 131.68 million
Loans $ 86.24 million
Deposits $ 109.87 million
Capital $ 15.42 million
 

For a more detailed analysis of Commerce Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 25, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.15% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.25% $10,000 $14,999 Learn More
6 Mo CD
0.25% $100,000 $199,999 Learn More
12 Mo CD
0.40% $10,000 $14,999 Learn More
12 Mo CD
0.40% $100,000 $199,999 Learn More
24 Mo CD
0.50% $10,000 $14,999 Learn More
24 Mo CD
0.50% $100,000 $199,999 Learn More
36 Mo CD
0.70% $10,000 $14,999 Learn More
36 Mo CD
0.70% $100,000 $199,999 Learn More
48 Mo CD
0.80% $10,000 $14,999 Learn More
48 Mo CD
0.80% $100,000 $199,999 Learn More
60 Mo CD
1.10% $10,000 $14,999 Learn More
60 Mo CD
1.10% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 25, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Commerce Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
1Rate, Inc
NMLS ID: 1948084
License#: MC-7051
2.567% 2.500% 0.88 $2,216 $988 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.575% 2.500% 1.00 $2,470 $988 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to Commerce Bank
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Branches

Commerce Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Commerce Bank Locations


Financial Details

Commerce Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Commerce Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Commerce Bank U.S. Bank Average
4.72% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Commerce Bank had $806,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $15,423,000 in equity and $1,666,000 in loans loss reserves. That gives it a Texas Ratio of 4.72%.

Return on Equity
Commerce Bank U.S. Bank Average
10.51% 7.80%

Commerce Bank has a Return on Equity of 10.51% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Commerce Bank U.S. Bank Average
11.71% 12.68%

Commerce Bank has a Capitalization of 11.71% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Commerce Bank Balance Sheet Analysis

As of March 31, 2020, Commerce Bank had assets of $131,682,000, loans of $86,239,000, and deposits of $109,868,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 9.30 million
Interest-bearing balances $ 7.18 million
Total securities $ 23.86 million
Federal funds sold and reverse repurchase $ 0.74 million
Net loans and leases $ 86.24 million
Loan loss allowance $ 1.67 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 4.76 million
     Total Assets $ 116.26 million
LIABILITIES
Total deposits $ 109.87 million
      Interest-bearing deposits $ 75.16 million
      Deposits held in domestic offices $ 109.87 million
      % insured (estimated) 92.61%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 6.00 million
Subordinated debt N.A.
All other liabilities $ 0.39 million
      Total Liabilities $ 116.26 million
      Shareholders’ Equity $ 15.42 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.43 million
Total Interest Expense $ 0.27 million
Net interest income $ 1.17 million
Provision for loan and lease losses $ 0.05 million
Total non interest income $ 0.26 million
Total non interest expense $ 0.98 million
Pre-tax Net Operating Income $ 0.40 million

Bank Loan Profile?

The top three loan types in Commerce Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial and Industrial Loans, and Commercial Real Estate.

Compared to other banks in Mississippi, Commerce Bank has a significantly higher percent of Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 45.38
Multifamily
Mortgages
2.81
Credit Card Loans 0.00
Consumer Auto Loans 3.44
Small Business Loans 0.00
Construction and Development Loans 3.19
Commercial Real Estate 15.26
Commercial and Industrial Loans 21.79
Farm Loans 0.47

Frequently Asked Questions About Commerce Bank

Branches and Savings

Is Commerce Bank FDIC insured?

Yes. It is covered under FDIC Certificate #34938.

Why does Commerce Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Commerce Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Commerce Bank a commercial bank?

Yes

Where are Commerce Bank locations?

See branch locations nearby.

Is Commerce Bank open on Saturdays?

Is Commerce Bank open on Sundays?

What time does Commerce Bank open?

What time does Commerce Bank close?

Are Commerce Bank ATMs Open 24/7?

Do Commerce Bank ATMs accept cash deposits?

Can Commerce Bank customers use other ATMs?

Do Commerce Bank branches have notaries?

Will Commerce Bank notarize my document?

What address for Commerce Bank should I put for incoming ACH transfers?

Will the Commerce Bank branch print checks?

Do Commerce Bank checks expire?

Does Commerce Bank require US citizenship to open account?

Can Commerce Bank close my account?

Does Commerce Bank Report to credit bureaus?

Does Commerce Bank Use Equifax?

What is Commerce Bank's ACH Routing Number?

What is Commerce Bank's SWIFT code?

Products

Does Commerce Bank offer mortgages?

Compare mortgage rates here.

Does Commerce Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Commerce Bank offer personal loans?

Compare personal loan rates here.

Does Commerce Bank offer student loans?

Will Commerce Bank cash a check?

Will Commerce Bank redeem a savings bond?

Does Commerce Bank cash savings bonds?

Will Commerce Bank cash money orders?

Can Commerce Bank issue a money order?

Does Commerce Bank do currency exchange?

Background on The Bank

Who owns Commerce Bank?

How long has Commerce Bank been around?

Can Commerce Bank transfer to other banks?

Does Commerce Bank have quick pay?

Does Commerce Bank accept rolled coins?

Will Commerce Bank accept loose change?

Where is Commerce Bank headquarters?

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