v3.26.1
Employee Benefit Plan, Fair Value and NAV (Tables) - EBP 002
 12 Months Ended
Dec. 31, 2025
EBP, Investment, Fair Value and NAV [Line Items]  
EBP, Investment, Fair Value and NAV
The following tables set forth by level, within the fair value hierarchy, the Plan's assets at fair value as of December 31, 2025 and 2024. There were no transfers between levels in the hierarchy in 2025 or 2024.
December 31,Quoted Prices in Active Markets for Identical AssetsSignificant Other Observable InputsSignificant Other Unobservable Inputs
2025(Level 1)(Level 2)(Level 3)
Investments measured at fair value
Commerce Bancshares, Inc. Common Stock Fund(1)
$134,401,310 $— $134,401,310 $— 
Mutual Funds453,116,450 453,116,450 — — 
Investments measured at fair value$587,517,760 $453,116,450 $134,401,310 $— 
Investments measured at net asset value (2)
Common Collective Trusts564,315,384 
Stable Value Funds25,202,968 
Total Investments$1,177,036,112 
(1) Effective January 1, 2025, based on the assessment on inputs, the Plan changed the classification of the Company Stock Fund from Level 1 to Level 2 within the fair value hierarchy. This change in presentation had no impact on the total value of investments or the Plan's net assets available for benefits. Prior period activity has been reclassified to conform with the current year presentation.
(2) In accordance with Subtopic ASC 820-10, investments that were measured at net asset value have not been classified in the fair value hierarchy. The fair value amounts represented in this table are intended to permit reconciliation of the fair value hierarchy to the line items presented in the statement of net assets available for benefits.

December 31,Quoted Prices in Active Markets for Identical AssetsSignificant Other Observable InputsSignificant Other Unobservable Inputs
2024(Level 1)(Level 2)(Level 3)
Investments measured at fair value
Commerce Bancshares, Inc. Common Stock Fund(1)
$158,454,752 $— $158,454,752 $— 
Mutual Funds662,501,286 662,501,286 — — 
Investments measured at fair value$820,956,038 $662,501,286 $158,454,752 $— 
Investments measured at net asset value (2)
Common Collective Trusts237,430,380 
Stable Value Funds29,526,977 
Total Investments$1,087,913,395 
(1) Effective January 1, 2025, based on the assessment on inputs, the Plan changed the classification of the Company Stock Fund from Level 1 to Level 2 within the fair value hierarchy. This change in presentation had no impact on the total value of investments or the Plan's net assets available for benefits. Prior period activity has been reclassified to conform with the current year presentation.
(2) In accordance with Subtopic ASC 820-10, investments that were measured at net asset value have not been classified in the fair value hierarchy. The fair value amounts represented in this table are intended to permit reconciliation of the fair value hierarchy to the line items presented in the statement of net assets available for benefits.
EBP, Summary of Common Collective Trust The following table provides additional information as of December 31, 2025 and 2024 for the common collective trusts:
Fair Value at December 31, 2025InvestmentUnfunded CommitmentsRedemption
2025$564,315,384 Common collective trustsNone30-days notice, period may be shortened or waived by the trustee
$25,202,968 Stable Value FundsNone
Daily(1)
2024$237,430,380 Common collective trustsNone30-days notice, period may be shortened or waived by the trustee
$29,526,977 Stable Value FundsNone
Daily(1)
(1) Plan-level redemptions are subject to notice and potential liquidity restrictions, which could extend the redemption for all or a portion of the investment for up to 12 months.