Commonwealth Bank is reporting comprehensive net income of $36 million in 2012 with total assets closing to $1.43 billion at December 31, 2012. Both earnings and total assets are down from 2011 where the Bank reported profits of $51.8 million and assets totaling $1.5 billion. The decline is directly attributable to elevated loan impairment expenses which were due to the persistent economic challenges within the economy in 2012 as evidenced by high unemployment. The Bank had a positive growth of $3.5 million or 4.7% in operational results prior to loan impairment expenses compared to 2011 where it recorded $4.4 million for a 6.1% increase.