Commercial Banking Company Mortgage Rates, Fees & Info

Valdosta, GA

LEI: 2549005RQQ9A5CNFVG05

Tax ID: 58-0508347

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Commercial Banking Company is a smaller bank specializing in various types of mortgages.



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    Originations

    0

    Origination Dollar Volume (All Markets)

    $0

    Employee count

    63

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    COMMERCE BANK Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    COMMERCE BANK Other type of mortgage Trouble during payment process 1 50.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Commercial Banking Company 110 West Main Street Hahira, GA 31632 Full Service B&M $14,514
    Commercial Banking Company 1215 Baytree Road Valdosta, GA 31603 Full Service B&M $21,149
    Commercial Banking Company 3462 North Valdosta Road Valdosta, GA 31603 Full Service B&M $86,077
    Commercial Banking Company 419 B. South Main Street Moultrie, GA 31768 Full Service B&M $51,939
    Commercial Banking Company 729 W 2nd Street Tifton, GA 31793 Full Service B&M $17,560

    For 2019, Commercial Banking Company had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $10,727
    Net interest income $9,552
    Total noninterest income $1,505
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $784
    Trading account gains and fees $0
    Additional Noninterest Income $721
    Pre-tax net operating income $3,421
    Securities gains (or losses, -) $4
    Income before extraordinary items $2,790
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,790
    Minority interest net income $0
    Net income $2,790
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,786

    Commercial Banking Company's gross interest income from loans was $10,727,000.
    Commercial Banking Company's net interest income from loans was $9,552,000.
    Commercial Banking Company's fee based income from loans was $784,000.
    Commercial Banking Company's net income from loans was $2,790,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,175
    Provision for credit losses $120
    Total noninterest expense $7,516
    Salaries and employee benefits $4,745
    Premises and equipment expense $1,632
    Additional noninterest expense $1,139
    Applicable income taxes $635
    Net charge-offs $3
    Cash dividends $2,500

    Commercial Banking Company's interest expense for loans was $1,175,000.
    Commercial Banking Company's payroll and benefits expense were $4,745,000.
    Commercial Banking Company's property, plant and equipment expenses $1,632,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $195,766
    Deposits held in domestic offices $195,766
    Deposits by Individuals, partnerships, and corporations $188,560
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $2,121
    Deposits by Commercial banks and other depository institutions in U.S. $5,085
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $103,381
    Demand deposits $83,313
    Nontransaction accounts $92,385
    Money market deposit accounts (MMDAs) $32,903
    Other savings deposits (excluding MMDAs) $13,885
    Total time deposits $45,597
    Total time and savings deposits $112,453
    Noninterest-bearing deposits $80,804
    Interest-bearing deposits $114,962
    Retail deposits $184,080
    IRAs and Keogh plan accounts $5,513
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $235,153
    Cash & Balances due from depository institutions $21,649
    Interest-bearing balances $13,552
    Total securities $20,640
    Federal funds sold & reverse repurchase $0
    Net loans and leases $175,556
    Loan and leases loss allowance $3,014
    Trading account assets $0
    Bank premises and fixed assets $7,767
    Other real estate owned $186
    Goodwill and other intangibles $0
    All other assets $9,355

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $235,153
    Total Liabilities $200,349
    Total deposits $195,766
    Interest-bearing deposits $114,962
    Deposits held in domestic offices $195,766
    % insured (estimated) $64
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $4,000
    Subordinated debt $0
    All other liabilities $583

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $175,556
    Loan and leases loss allowance $3,014
    Total loans and leases (domestic) $178,570
    All real estate loans $153,331
    Real estate loans in domestic offices $153,331
    Construction and development loans $14,775
    Residential 1-4 family construction $5,995
    Other construction, all land development and other land $8,780
    Loans secured by nonfarm nonresidential properties $44,831
    Nonfarm nonresidential secured by owner-occupied properties $38,088
    Commercial real estate & other non-farm, non-residential $6,743
    Multifamily residential real estate $10,686
    1-4 family residential loans $79,856
    Farmland loans $3,183
    Loans held in foreign offices $0
    Farm loans $2,316
    Commercial and industrial loans $14,581
    To non-U.S. addressees $0
    Loans to individuals $3,721
    Credit card loans $0
    Related Plans $7
    Consumer Auto Loans $945
    Other loans to individuals $2,769
    All other loans & leases $4,621
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,151
    Non 1-4 family restructured loans & leases $949
    Total loans and leases (foreign) $0

    Commercial Banking Company had $175,556,000 of loans outstanding in 2019. $153,331,000 of loans were in real estate loans. $14,775,000 of loans were in development loans. $10,686,000 of loans were in multifamily mortgage loans. $79,856,000 of loans were in 1-4 family mortgage loans. $2,316,000 of loans were in farm loans. $0 of loans were in credit card loans. $945,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 144 $33,357 $231,646
    Nonfarm, nonresidential loans - <$100k 31 $1,574 $50,774
    Nonfarm, nonresidential loans - $100-250k 58 $7,612 $131,241
    Nonfarm, nonresidential loans - $250k-1MM 55 $24,171 $439,473
    Commercial & Industrial, US addressed loans - <$1MM 219 $10,621 $48,498
    Commercial & Industrial, US addressed loans - <$100k 177 $3,461 $19,554
    Commercial & Industrial, US addressed loans - $100-250k 28 $2,631 $93,964
    Commercial & Industrial, US addressed loans - $250k-1MM 14 $4,529 $323,500
    Farmland loans - <$1MM 9 $749 $83,222
    Farmland loans - <$100k 5 $92 $18,400
    Farmland loans - $100-250k 2 $286 $143,000
    Farmland loans - $250k-1MM 2 $371 $185,500
    Agriculture operations loans - <$1MM 14 $2,311 $165,071
    Agriculture operations loans - <$100k 2 $79 $39,500
    Agriculture operations loans - $100-250k 6 $765 $127,500
    Agriculture operations loans - $250k-1MM 6 $1,467 $244,500