Banks | Commerce Bank

Commerce Bank


Commerce Bank is an FDIC insured institution headquartered at 5800 San Dario Ave, Laredo, TX 78041.
It was founded in 1982 and has approximately $1 billion in assets. Customers can open an account at one of its 4 branches.

Deposit Rates - December 22, 2024

SAVINGS RATES APY MIN
Savings
0.08% $2,500 Compare
CD RATES APY MIN
6 Mo CD
0.20% $10,000 Compare
6 Mo CD
0.35% $100,000 Compare
12 Mo CD
0.25% $10,000 Compare
12 Mo CD
0.50% $100,000 Compare
18 Mo CD
0.25% $10,000 Compare
18 Mo CD
0.60% $100,000 Compare
24 Mo CD
0.35% $10,000 Compare
24 Mo CD
0.65% $100,000 Compare
30 Mo CD
0.40% $10,000 Compare
30 Mo CD
0.75% $100,000 Compare
36 Mo CD
0.50% $10,000 Compare
36 Mo CD
0.75% $100,000 Compare
48 Mo CD
0.50% $10,000 Compare
48 Mo CD
0.75% $100,000 Compare
MM RATES APY MIN
Money Market
0.08% $2,500 Compare
Money Market
0.08% $10,000 Compare
Money Market
0.08% $25,000 Compare
PREMM RATES APY MIN
Premium Money Market
0.08% $10,000 Compare
Premium Money Market
0.08% $25,000 Compare
INT CHECKING RATES APY MIN
Int Ckg
0.08% $2,500

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 23772
Date Established 1982
Assets $ 702.62 million
Loans $ 158.88 million
Deposits $ 619.25 million
Capital $ 78.86 million

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 5.14 million
Interest-bearing balances $ 0.01 million
Total securities $ 429.78 million
Federal funds sold and reverse repurchase $ 72.00 million
Net loans and leases $ 158.88 million
Loan loss allowance $ 3.20 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 7.09 million
All other assets $ 14.55 million
     Total Assets $ 623.76 million

LIABILITIES
Total deposits $ 619.25 million
      Interest-bearing deposits $ 427.32 million
      Deposits held in domestic offices $ 619.25 million
      % insured (estimated) 67.41%
Federal funds purchased and repurchase agreements $ 0.62 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 1.56 millionn
      Total Liabilities $ 623.76 million
      Shareholders’ Equity $ 78.86 million

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 15.57 million
Total Interest Expense $ 5.58 million
Net interest income $ 9.98 million
Provision for loan and lease losses $ 0.07 million
Total non interest income $ 3.84 million
Total non interest expense $ 4.41 million
Pre-tax Net Operating Income $ 5.73 million

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Branches

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Commerce Bank Locations

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