Commerce Bancshares in Kansas City, Mo., reported higher quarterly results that reflected great credit quality.

The $26 billion-asset company reported on Wednesday that it fourth-quarter net income rose 12% from a year earlier, to $71.6 million. Revenue increased 5% to $292.6 million.

Nonperforming assets decreased by 50%, to $14.6 million, and have fallen for three straight quarters. NPAs represented just 0.06% of total assets at Dec. 31.

“Credit quality across our entire loan portfolio remains excellent,” Chairman and CEO David Kemper said in the release.

Total loans rose 7% to $13.4 billion, while deposits increased by 8% to $21.1 billion.

For all of 2016, Commerce earned $275.4 million, or $2.61 a share. Its return on average assets was 1.12% last year; its return on average equity was 11.3%.

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