First Commerce Bank (CMRB)
First Commerce Bank is a financial institution offering a diverse array of banking products and services. It caters to the needs of individuals, professional entities, and small to medium-sized businesses. For its commercial clients, the bank provides accounts such as business checking, statement savings, money market, and escrow sub-accounts. Additionally, it facilitates electronic payments through ACH origination and remote deposit functionalities. Individual customers can access personal checking, money market, and traditional savings accounts. The bank's lending portfolio encompasses various commercial and business loan options, including commercial mortgages, construction financing, Small Business Administration (SBA) loans, term loans, equipment financing, and lines of credit. Complementing these, First Commerce Bank also offers convenient services like safe deposit boxes, telephone and mobile banking, online banking with bill payment capabilities, debit cards, and wire transfer facilities. Its primary operational focus is within four New Jersey counties: Bergen, Mercer, Monmouth, and Ocean. Established in 2006, the institution initially operated as Northern State Bank before rebranding to First Commerce Bank in June 2011. Its main office is situated in Lakewood, New Jersey.
Sector: Banks - Regional
Industry: Banks - Regional
First Commerce Bank
OTC:CMRBFinancial Services · Banks - Regional
+3.86%$7.58
Mkt Cap$157.53M
Float13.94M
O/S20.78M
Inst Own-
SI<0.1%
Div Yield1.98%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$95.28M
Net Income$8.26M
Total Assets$1.79B
Free Cash Flow$5.56M
Debt & Equity
Debt 64%
Equity 36%
Total Debt$310.06M
Total Equity$175.39M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in CMRB's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.79B
Liabilities$1.62B
Accounts Receivable$7.59M
Accounts Payable$1.97M
Inventory$0
PP&E (Net)$28.09M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
| Revenue | $95.28M | $80.75M | $46.64M | $54.24M | $47.04M | $47.82M | $48.52M | $51.27M | $36.9M | $31.68M | $22.76M | $15.97M | $10.44M |
| YoY Growth | 18.0% | 73.1% | -14.0% | 15.3% | -1.6% | -1.5% | -5.4% | 38.9% | 16.5% | 39.2% | 42.5% | 52.9% | - |
| Cost of Revenue | $49.87M | $45.75M | $413K | $6.6M | $3.64M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $45.41M | $34.99M | $46.22M | $47.64M | $43.4M | $47.82M | $48.52M | $51.27M | $36.9M | $31.68M | $22.76M | $15.97M | $10.44M |
| Gross Margin | 47.7% | 43.3% | 99.1% | 87.8% | 92.3% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $2.52M | $1.91M | $2.43M | $1.86M | $1.59M | $1.21M | $1.58M | $16.24M | $12.5M | $10.67M | $8.87M | $7.6M | $6.81M |
| Other | $32.15M | $27.48M | $20.99M | $23.91M | $19.38M | $17.11M | $4.55M | -$5.25M | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $34.67M | $29.4M | $23.42M | $25.77M | $20.97M | $18.32M | $6.13M | $5.25M | $16.37M | $13.06M | $10.83M | $9.55M | $7.12M |
| Operating Income (EBIT) | $10.74M | $5.6M | $18.43M | $21.87M | $22.43M | $14.58M | $14.52M | $17.48M | $21.31M | $19.06M | $12.28M | $6.6M | $3.39M |
| Operating Margin | 11.3% | 6.9% | 39.5% | 40.3% | 47.7% | 30.5% | 29.9% | 34.1% | 57.8% | 60.2% | 54.0% | 41.3% | 32.5% |
| Interest Expense | $49.87M | $45.75M | $32.69M | $6.6M | $3.64M | $9.45M | $14.75M | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $90.8M | $77.92M | $71.64M | $52.97M | $46.22M | $46.75M | $48.02M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $0 | -$4.11M | -$3.52M | -$4.16M | -$2.82M | -$31K | $0 | -$1.45M | -$778K | -$450K | -$360K | -$1.95M | -$311K |
| Income Before Tax (EBT) | $10.74M | $5.6M | $18.43M | $21.87M | $22.43M | $14.55M | $13.44M | $16.03M | $20.54M | $18.61M | $11.92M | $6.42M | $3.33M |
| Income Tax Expense | $2.48M | $1.07M | $4.66M | $5.28M | $5.74M | $3.97M | $3.96M | $3.1M | $6.93M | $6.93M | $4.36M | $1.97M | -$198K |
| Net Income | $8.26M | $4.52M | $13.78M | $16.59M | $16.68M | $10.58M | $9.48M | $12.93M | $13.61M | $11.67M | $7.57M | $4.46M | $3.52M |
| Net Income Margin | 8.7% | 5.6% | 29.5% | 30.6% | 35.5% | 22.1% | 19.5% | 25.2% | 36.9% | 36.8% | 33.3% | 27.9% | 33.7% |
| Supplementary Data | |||||||||||||
| EPS | 0.41 | 0.21 | 0.58 | 0.70 | 0.72 | 0.46 | 0.42 | 0.57 | 0.59 | 0.52 | 0.49 | 0.31 | 0.24 |
| Diluted EPS | 0.41 | 0.21 | 0.58 | 0.69 | 0.71 | 0.46 | 0.41 | 0.56 | 0.59 | 0.52 | 0.49 | 0.31 | 0.24 |
| Weighted Average OS | 20.08M | 21.67M | 23.75M | 23.60M | 23.10M | 22.77M | 22.67M | 22.61M | 22.96M | 22.52M | 15.59M | 14.55M | 14.55M |
| EBITDA | $13.45M | $7.58M | $19.55M | $23.05M | $23.58M | $15.8M | $0 | $17.15M | $46.69M | $40.85M | $26.78M | $17.31M | $7.61M |
| EBITDA Margin | 14.1% | 9.4% | 41.9% | 42.5% | 50.1% | 33.1% | - | 33.4% | 126.5% | 129.0% | 117.7% | 108.4% | 72.9% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
| Assets | |||||||||||||
| Current Assets | |||||||||||||
| Cash and Cash Equivalents | $136.42M | $132.48M | $61.72M | $42.59M | $113.34M | $96.28M | $70.92M | $91.16M | $62.36M | $32.05M | $16.66M | $21.38M | $28.34M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $136.42M | $132.48M | $61.72M | $42.59M | $113.34M | $96.28M | $70.92M | $91.16M | $62.36M | $32.05M | $16.66M | $21.38M | $28.34M |
| Accounts Receivable | $7.59M | $5.83M | $5.69M | $4.64M | $4.43M | $5.28M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | -$47.22M | -$117.77M | $0 | -$74.71M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | -$7.59M | $2.16M | -$5.69M | $51.19M | $122.11M | $5.45M | $78.5M | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $136.42M | $140.47M | $61.72M | $51.19M | $122.11M | $107.01M | $74.71M | $96.54M | $62.36M | $32.05M | $16.66M | $21.38M | $28.34M |
| Long-Term Assets | |||||||||||||
| Property, Plant & Equipment Net | $28.09M | $33.14M | $25.36M | $25.64M | $25.75M | $27.1M | $28.98M | $18.62M | $19.17M | $18.94M | $8.54M | $7.98M | $7.63M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $4.64M | $4.43M | $5.28M | $13K | $15K | $80K | $99K | $0 | $0 | $0 |
| Long-Term Investments | $1.4B | $1.22B | $67.15M | $44.6M | $112.55M | $95.43M | $70.17M | $92.3M | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $3.5M | $3.08M | $7.1M | $4.44M | $5.57M | $5.55M | $4.92M | $5.73M | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $223.64M | $152.32M | $1.27B | $27.17M | $26.28M | $1.17M | $830.02M | $750.3M | $933.75M | $816.29M | $644.02M | $481.58M | $306.02M |
| Total Long-Term Assets | $1.66B | $1.41B | $1.37B | $1.24B | $1.01B | $936.65M | $934.11M | $866.97M | $953M | $835.33M | $652.56M | $489.56M | $313.64M |
| Other Assets | $0 | $0 | $5.63M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.79B | $1.55B | $1.44B | $1.29B | $1.14B | $1.04B | $1.01B | $963.5M | $1.02B | $867.38M | $669.23M | $510.94M | $341.99M |
| Liabilities | |||||||||||||
| Current Liabilities | |||||||||||||
| Accounts Payable | $1.97M | $1.91M | $2.01M | $993K | $100K | $149K | $596K | $0 | $0 | $0 | $0 | $0 | $0 |
| Short-Term Debt | $114.56M | $0 | $734K | $708K | $639K | $625K | $615K | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | -$993K | -$100K | -$149K | -$596K | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $1.18B | $157.69M | $971.43M | $285K | $706.3M | $678.78M | $725.62M | $307.52M | $0 | -$216K | -$174K | -$152K | -$108K |
| Total Current Liabilities | $1.3B | $159.6M | $976.18M | $993K | $706.94M | $679.41M | $726.23M | $308.1M | $232K | $216K | $174K | $152K | $108K |
| Long-Term Liabilities | |||||||||||||
| Long-Term Debt | $310.06M | $175M | $130M | $59M | $9.79M | $0 | $0 | $0 | $0 | $2M | $11.75M | $7.65M | $8.4M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $234.99M | $0 | $120.75M | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $4.16M | $0 | $1.77M | $0 | $1.32M | $1.21M | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $11.2M | $10.23M | $136.49M | $1.04B | $10.32M | $887.42M | $0 | $522.46M | $0 | $761.56M | $600.03M | $456.83M | $292.04M |
| Total Long-Term Liabilities | $321.27M | $202M | $280.07M | $1.11B | $256.97M | $887.42M | $139.7M | $523.66M | $0 | $763.34M | $611.61M | $464.33M | $300.33M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.62B | $1.38B | $1.26B | $1.11B | $963.9M | $889.42M | $865.93M | $831.76M | $232K | $763.56M | $611.78M | $464.48M | $300.44M |
| Stockholders' Equity | |||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $0 | $0 | $0 | $47.57M | $46.63M | $45.6M | $45.49M | $45.31M | $45.07M | $45.03M | $31.17M | $29.1M | $29.09M |
| Retained Earnings | $113.22M | $104.97M | $102.22M | $92.11M | $84.79M | $68.11M | $57.52M | $47.76M | $34.83M | $21.25M | $9.58M | $2.02M | -$2.44M |
| Comprehensive Income & Other | -$179K | $0 | -$200K | -$309K | $665K | $1.19M | $903K | $187K | $192K | $72K | $417K | $327K | -$16K |
| Other Stockholders' Equity | $62.17M | $67.3M | $81.78M | $40.71M | $40.88M | $40.53M | $39.88M | $38.67M | $38.11M | $37.54M | $16.69M | $15.34M | $14.89M |
| Total Equity | $175.39M | $172.27M | $184M | $180.39M | $172.3M | $154.24M | $142.89M | $131.74M | $118M | $103.82M | $57.44M | $46.46M | $41.55M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.79B | $1.55B | $1.44B | $1.29B | $1.14B | $1.04B | $1.01B | $963.5M | $118.23M | $867.38M | $669.23M | $510.94M | $341.99M |
| Supplementary Data | |||||||||||||
| Total Debt | $310.06M | $191.77M | $130M | $69.45M | $9.79M | $10.04M | $10.26M | $0 | $0 | $2M | $11.75M | $7.65M | $8.4M |
| Net Debt | $173.65M | $191.77M | $68.28M | $26.87M | -$103.55M | -$86.24M | -$60.66M | -$91.16M | -$62.36M | -$30.05M | -$4.91M | -$13.73M | -$19.94M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
| Operating Activities | |||||||||||||
| Net Income | $8.26M | $4.52M | $13.78M | $16.59M | $16.68M | $10.58M | $9.48M | $12.93M | $13.61M | $11.69M | $7.57M | $4.46M | $3.52M |
| Depreciation & Amortization | $2.71M | $1.99M | $1.12M | $1.18M | $1.15M | $1.22M | $1.14M | $1.12M | $975K | $778K | $604K | $578K | $335K |
| Deferred Income Tax | $0 | $0 | $0 | -$275K | -$70K | -$42K | $642K | -$4.95M | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $66K | $68K | $67K | $166K | $191K | $343K | $403K | $406K | $424K | $472K | $330K | $103K | $102K |
| Changes in Working Capital: | |||||||||||||
| Accounts Receivable | -$1.9M | -$2.56M | -$1.38M | -$432K | $862K | -$1.41M | $69K | $4.3M | -$7.59M | -$750K | -$793K | -$608K | -$474K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $38K | -$2.95M | $193K | $5.19M | $3.05M | $266K | $1.19M | -$7K | -$1.9M | $2.86M | $2.26M | $1.58M | $556K |
| Total Working Capital Change | -$1.86M | -$5.51M | -$1.18M | $4.76M | $3.91M | -$1.15M | $2.85M | $4.3M | -$9.49M | $2.11M | $1.47M | $976K | $82K |
| Other Non-Cash Items | -$1.09M | -$739K | -$4.38M | -$786K | -$539K | $3.17M | $87K | $7.99M | $11.75M | $1.18M | $1.55M | $901K | $153K |
| Net Cash from Operating | $8.08M | $329K | $9.4M | $21.64M | $21.33M | $14.13M | $14.6M | $19.16M | $17.27M | $16.23M | $11.52M | $7.01M | $4.2M |
| Investing Activities | |||||||||||||
| Capital Expenditures | -$2.52M | -$2.34M | -$1.26M | -$520K | -$25.18M | -$1.34M | -$1.39M | -$571K | -$1.2M | -$11.18M | -$1.17M | -$929K | -$6.76M |
| Acquisitions | $0 | $0 | $0 | $34.54M | $9.54M | $0 | $31.32M | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$91.34M | -$60.82M | -$4.12M | -$54.06M | -$2.9M | -$5.43M | -$54.46M | -$70.38M | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $39.73M | $17.76M | $18.86M | $19.31M | $17.38M | $63.28M | $21.4M | $10.46M | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$182.19M | $10.2M | -$135.42M | -$227.72M | -$76.86M | -$68.32M | -$56.98M | $73.61M | -$119.02M | -$173.18M | -$161.13M | -$175.51M | -$98.06M |
| Net Cash from Investing | -$236.33M | -$35.2M | -$121.94M | -$228.44M | -$78.02M | -$11.81M | -$60.13M | $73.03M | -$120.22M | -$184.36M | -$162.31M | -$176.44M | -$104.82M |
| Financing Activities | |||||||||||||
| Debt Repaid | -$117.5M | -$45M | -$71M | -$59M | - | - | - | $33M | -$24.25M | $8.9M | -$4.65M | -$1.75M | -$5.75M |
| Common Stock Issuance | $1.58M | $548K | $281K | $1.58M | $1.71M | $142K | $265K | $404K | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | -$6.6M | -$15.29M | -$6.96M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | -$1.77M | -$3.77M | -$9.28M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $119.71M | $77.14M | $71.4M | $84.75M | $72.04M | $22.9M | $23.04M | -$32.97M | $111.08M | $192.39M | $143.38M | $160.72M | $106.7M |
| Net Cash from Financing | $232.19M | $105.62M | $131.67M | $136.05M | $73.75M | $23.04M | $23.3M | -$65.97M | $135.34M | $183.49M | $148.03M | $162.47M | $112.45M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $3.94M | $70.76M | $19.14M | -$70.75M | $17.06M | $25.36M | -$22.22M | $26.23M | $32.39M | $15.36M | -$2.76M | -$6.96M | $11.82M |
| Supplementary Data | |||||||||||||
| Operating Cash Flow | $8.08M | $329K | $9.4M | $21.64M | $21.33M | $14.13M | $14.6M | $19.16M | $17.27M | $16.23M | $11.52M | $7.01M | $4.2M |
| Capital Expenditure | -$2.52M | -$2.34M | -$1.26M | -$520K | -$25.18M | -$1.34M | -$1.39M | -$571K | -$1.2M | -$11.18M | -$1.17M | -$929K | -$6.76M |
| Free Cash Flow | $5.56M | -$2.01M | $8.15M | $21.12M | -$3.85M | $12.79M | $13.21M | $18.59M | $16.07M | $5.05M | $10.35M | $6.08M | -$2.56M |
| Cash at Beginning | $132.48M | $61.72M | $42.59M | $113.34M | $96.28M | $70.92M | $93.14M | $66.91M | $34.52M | $19.17M | $21.93M | $28.88M | $17.06M |
| Cash at End | $136.42M | $132.48M | $61.72M | $42.59M | $113.34M | $96.28M | $70.92M | $93.14M | $66.91M | $34.52M | $19.17M | $21.93M | $28.88M |