The Commerce Bank

Headquarters

320 Eagle Crest Drive
Evansville, IN 47715
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.70% →
2-Year CD N.A. 0.75% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

The Commerce Bank is an FDIC insured institution located in Evansville, IN. It was founded in 2006 and has approximately $0.18 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 58279
Date Established 2006
Assets $ 182.63 million
Loans $ 142.53 million
Deposits $ 144.31 million
Capital $ 22.52 million
 

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

Deposit Rates - September 19, 2021

Your Current Location: Connecticut, CT 06828

 

Loan Rates - September 19, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for The Commerce Bank

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




Featured - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Payment
Learn More
Morty, Inc.
NMLS ID: 1429243
2.575% 2.500%
1.00 points
$2,468 fees
$988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to The Commerce Bank
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Branches

The 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:
Fairfield,Connecticut


The Commerce Bank Locations


Financial Details

The Commerce Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The 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
The Commerce Bank U.S. Bank Average
0% 5.29%

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, 2021, The Commerce Bank had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $22,516,000 in equity and $1,473,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
The Commerce Bank U.S. Bank Average
3.86% 11.43%

The Commerce Bank has a Return on Equity of 3.86% versus the BestCashCow average of 11.43%. 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
The Commerce Bank U.S. Bank Average
12.33% 11.51%

The Commerce Bank has a Capitalization of 12.33% versus the BestCashCow average of 11.51. 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.

The Commerce Bank Balance Sheet Analysis

As of December 31, 2019, The Commerce Bank had assets of $182,626,000, loans of $142,527,000, and deposits of $144,313,000. 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, 2021
ASSETS
Cash & Balances due from depository institutions $ 17.15 million
Interest-bearing balances $ 14.17 million
Total securities $ 11.21 million
Federal funds sold and reverse repurchase $ 0.05 million
Net loans and leases $ 142.53 million
Loan loss allowance $ 1.47 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 $ 6.26 million
     Total Assets $ 160.11 million
LIABILITIES
Total deposits $ 144.31 million
      Interest-bearing deposits $ 115.50 million
      Deposits held in domestic offices $ 144.31 million
      % insured (estimated) 47.49%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 15.00 million
Subordinated debt N.A.
All other liabilities $ 0.80 million
      Total Liabilities $ 160.11 million
      Shareholders’ Equity $ 22.52 million

Summary Income Statement

March 31, 2021
INCOME AND EXPENSES
Total Interest Income $ 8.35 million
Total Interest Expense $ 2.17 million
Net interest income $ 6.18 million
Provision for loan and lease losses $ 0.02 million
Total non interest income $ 0.78 million
Total non interest expense $ 5.79 million
Pre-tax Net Operating Income $ 1.15 million

Bank Loan Profile?

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

Compared to other banks in Indiana, The Commerce Bank has a significantly higher percent of Multifamily Mortgages, Small Business Loans, Commercial Real Estate 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 21.01
Multifamily
Mortgages
10.34
Credit Card Loans 0.00
Consumer Auto Loans 0.24
Small Business Loans 14.85
Construction and Development Loans 7.29
Commercial Real Estate 37.46
Commercial and Industrial Loans 23.55
Farm Loans 0.00

Frequently Asked Questions About The Commerce Bank

Branches and Savings

Is The Commerce Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58279.

Why does The 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 The Commerce Bank CD rates not competitive?

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

Is The Commerce Bank a commercial bank?

Yes

Where are The Commerce Bank locations?

See branch locations nearby.

Is The Commerce Bank open on Saturdays?

Is The Commerce Bank open on Sundays?

What time does The Commerce Bank open?

What time does The Commerce Bank close?

Are The Commerce Bank ATMs Open 24/7?

Do The Commerce Bank ATMs accept cash deposits?

Can The Commerce Bank customers use other ATMs?

Do The Commerce Bank branches have notaries?

Will The Commerce Bank notarize my document?

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

Will the The Commerce Bank branch print checks?

Do The Commerce Bank checks expire?

Does The Commerce Bank require US citizenship to open account?

Can The Commerce Bank close my account?

Does The Commerce Bank Report to credit bureaus?

Does The Commerce Bank Use Equifax?

What is The Commerce Bank's ACH Routing Number?

What is The Commerce Bank's SWIFT code?

Products

Does The Commerce Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does The Commerce Bank offer personal loans?

Compare personal loan rates here.

Does The Commerce Bank offer student loans?

Will The Commerce Bank cash a check?

Will The Commerce Bank redeem a savings bond?

Does The Commerce Bank cash savings bonds?

Will The Commerce Bank cash money orders?

Can The Commerce Bank issue a money order?

Does The Commerce Bank do currency exchange?

Background on The Bank

Who owns The Commerce Bank?

How long has The Commerce Bank been around?

Can The Commerce Bank transfer to other banks?

Does The Commerce Bank have quick pay?

Does The Commerce Bank accept rolled coins?

Will The Commerce Bank accept loose change?

Where is The Commerce Bank headquarters?

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