General Information

We're proud of our service to the community and our community bank status. If you would like in-depth financial information on Commerce National Bank, including balance sheet, income statement, performance and condition ratios, or demographic information, click here to access the FDIC's Institutional Directory database. Then close the browser window to return.

April 21, 2009

Commerce National Bank Reports Results for 2008

Hull Davis, Chairman and CEO reported the operating results for 2008 to the shareholders at the annual meeting held April 21, 2009. 2008 Net income for the bank increased 1.2% to $1,961,000. Net income for 2007 was $1,937,000. This translates to a per share earning of $46.58 vs $46.01 for 2007 and a 21.68% return on average equity.

The Bank's 2008 total assets increased to $84,484,000; deposits increased to $74,798,000; and at year-end, the Bank's capital was $9.33 million.

Mr. Davis wishes to thank each shareholder and all of the customers of Commerce National Bank for their continued support.