Commerce Bancshares Inc. reported an increase in total outstanding loans for the second quarter. Helped by auto, total outstandings increased to $11.5 billion, from $11.2 billion in the previous quarter.
Commerce Bancshares said demand for consumer automobile loans remained strong this quarter, growing by $59.8 million. However, the bank recorded $17 million of runoffs in marine and RV loans, which are included in the consumer loan portfolio.
Missouri-based Commerce Bancshares, Inc. is a registered bank holding company that operates in over 350 locations across Missouri, Kansas, Illinois, Oklahoma, and Colorado.
