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 Home Purchase and Refi loans. Commercial Banking Company has a high proportion of conventional loans. Their top markets by origination volume include: Valdosta, Tifton, Moultrie, Fitzgerald, and Thomasville among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Commercial Banking Company has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    184

    Origination Dollar Volume (All Markets)

    $30,460,000

    Employee count

    63

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    VALDOSTA, GA (FHA|USDA|VA) 92 $17,610,000 $191,413 $0 0.00%
    Tifton, GA (FHA|USDA|VA) 31 $4,305,000 $138,871 $0 0.00%
    Moultrie, GA (FHA|USDA|VA) 32 $3,540,000 $110,625 $0 0.00%
    Outside of Metro Areas 22 $3,070,000 $139,545 $0 0.00%
    Fitzgerald, GA (FHA|USDA|VA) 3 $945,000 $315,000 $0 0.00%
    Thomasville, GA (FHA|USDA|VA) 3 $555,000 $185,000 $0 0.00%
    BRUNSWICK, GA (FHA|USDA|VA) 1 $435,000 $435,000 $0 0.00%
    Commercial Banking Company's top markets include Valdosta, Tifton, Moultrie, Fitzgerald, and Thomasville among others.

    Their top states include:
  • Georgia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 184 $30,460,000 $165,543 $0 0.00%

    For 2020, Commercial Banking Company's most frequently originated type of loan was Conventional, with 184 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 92 $13,210,000 $143,587 $0 0.00%
    Refi 84 $16,940,000 $201,667 $0 0.00%
    Home Improvement 5 $195,000 $39,000 $0 0.00%
    Other 3 $115,000 $38,333 $0 0.00%

    For 2020, Commercial Banking Company's most frequently cited loan purpose was Home Purchase, with 92 originations. The 2nd most popular reason was Refi, with 84 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 184 $30,460,000 $165,543 $0 0.00%

    For 2020, Commercial Banking Company's most frequently cited loan duration was Other, with 184 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 96 $5,680,000 $59,167 $0 0.00%
    $100k-200k 47 $6,225,000 $132,447 $0 0.00%
    $200k-400k 26 $6,610,000 $254,231 $0 0.00%
    $400k-600k 7 $3,475,000 $496,429 $0 0.00%
    $600k-1MM 5 $4,065,000 $813,000 $0 0.00%
    $1MM+ 3 $4,405,000 $1,468,333 $0 0.00%

    2020 saw Commercial Banking Company place emphasis on $100,000 or less loans with 96 originations, totaling $5,680,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 19 $1,585,000 $83,421 $0 0.00%
    $100k-150k 18 $2,370,000 $131,667 $0 0.00%
    $75k-100k 18 $2,510,000 $139,444 $0 0.00%
    $50k-75k 17 $1,625,000 $95,588 $0 0.00%
    $150k-250k 16 $2,470,000 $154,375 $0 0.00%
    $250k+ 9 $1,545,000 $171,667 $0 0.00%

    Commercial Banking Company lent most frequently to those with incomes in the $50k or less range, with 19 originations. The second most popular income band? $100k-150k, with 18 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 184 $30,460,000 $165,543 $0 0.00%

    Commercial Banking Company lent most frequently to those with DTI ratios of Exempt%, with 184 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 85 $17,965,000 $211,353 $0 0.00%
    White 93 $11,695,000 $125,753 $0 0.00%
    Asian 2 $320,000 $160,000 $0 0.00%
    Black 3 $285,000 $95,000 $0 0.00%
    Asian Indian 1 $195,000 $195,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.25%

    Commercial Banking Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    64.13%

    Commercial Banking Company has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 184 $30,460,000 $165,543

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 2 $900,000 $450,000
    Multifamily:Site-Built 21 $11,945,000 $568,810
    Single Family (1-4 Units):Manufactured 8 $370,000 $46,250
    Single Family (1-4 Units):Site-Built 153 $17,245,000 $112,712

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    COMMERCE BANK Conventional home mortgage Closing on a mortgage 2 66.7%
    COMMERCE BANK Home equity loan or line of credit (HELOC) Trouble during payment process 1 33.3%

    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 $15,610
    Commercial Banking Company 1215 Baytree Road Valdosta, GA 31603 Full Service B&M $24,226
    Commercial Banking Company 3462 North Valdosta Road Valdosta, GA 31603 Full Service B&M $107,123
    Commercial Banking Company 419 B. South Main Street Moultrie, GA 31768 Full Service B&M $57,290
    Commercial Banking Company 729 W 2nd Street Tifton, GA 31793 Full Service B&M $22,599

    For 2020, Commercial Banking Company had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $10,703
    Net interest income $9,685
    Total noninterest income $2,392
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $756
    Trading account gains and fees $0
    Additional Noninterest Income $1,636
    Pre-tax net operating income $3,713
    Securities gains (or losses, -) $10
    Income before extraordinary items $3,062
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,062
    Minority interest net income $0
    Net income $3,062
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,053

    Commercial Banking Company's gross interest income from loans was $10,703,000.
    Commercial Banking Company's net interest income from loans was $9,685,000.
    Commercial Banking Company's fee based income from loans was $756,000.
    Commercial Banking Company's net income from loans was $3,062,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,018
    Provision for credit losses $560
    Total noninterest expense $7,804
    Salaries and employee benefits $4,821
    Premises and equipment expense $1,808
    Additional noninterest expense $1,175
    Applicable income taxes $661
    Net charge-offs $235
    Cash dividends $2,500

    Commercial Banking Company's interest expense for loans was $1,018,000.
    Commercial Banking Company's payroll and benefits expense were $4,821,000.
    Commercial Banking Company's property, plant and equipment expenses $1,808,000.

    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 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $269,734
    Deposits held in domestic offices $269,734
    Deposits by Individuals, partnerships, and corporations $262,105
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $2,083
    Deposits by Commercial banks and other depository institutions in U.S. $5,546
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $145,650
    Demand deposits $117,832
    Nontransaction accounts $124,084
    Money market deposit accounts (MMDAs) $63,200
    Other savings deposits (excluding MMDAs) $18,047
    Total time deposits $42,837
    Total time and savings deposits $151,902
    Noninterest-bearing deposits $114,749
    Interest-bearing deposits $154,985
    Retail deposits $258,674
    IRAs and Keogh plan accounts $5,186
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $308,329
    Cash & Balances due from depository institutions $81,408
    Interest-bearing balances $70,609
    Total securities $19,439
    Federal funds sold & reverse repurchase $0
    Net loans and leases $190,675
    Loan and leases loss allowance $3,338
    Trading account assets $0
    Bank premises and fixed assets $7,394
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $9,413

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $308,329
    Total Liabilities $272,561
    Total deposits $269,734
    Interest-bearing deposits $154,985
    Deposits held in domestic offices $269,734
    % insured (estimated) $56
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $2,000
    Subordinated debt $0
    All other liabilities $827

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $190,675
    Loan and leases loss allowance $3,338
    Total loans and leases (domestic) $194,013
    All real estate loans $160,656
    Real estate loans in domestic offices $160,656
    Construction and development loans $24,788
    Residential 1-4 family construction $12,094
    Other construction, all land development and other land $12,694
    Loans secured by nonfarm nonresidential properties $41,255
    Nonfarm nonresidential secured by owner-occupied properties $36,939
    Commercial real estate & other non-farm, non-residential $4,316
    Multifamily residential real estate $11,645
    1-4 family residential loans $80,043
    Farmland loans $2,925
    Loans held in foreign offices $0
    Farm loans $1,904
    Commercial and industrial loans $21,728
    To non-U.S. addressees $0
    Loans to individuals $3,438
    Credit card loans $0
    Related Plans $11
    Consumer Auto Loans $1,056
    Other loans to individuals $2,371
    All other loans & leases $6,287
    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 $1,049
    Non 1-4 family restructured loans & leases $863
    Total loans and leases (foreign) $0

    Commercial Banking Company had $190,675,000 of loans outstanding in 2020. $160,656,000 of loans were in real estate loans. $24,788,000 of loans were in development loans. $11,645,000 of loans were in multifamily mortgage loans. $80,043,000 of loans were in 1-4 family mortgage loans. $1,904,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,056,000 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 117 $26,274 $224,564
    Nonfarm, nonresidential loans - <$100k 26 $1,293 $49,731
    Nonfarm, nonresidential loans - $100-250k 49 $6,483 $132,306
    Nonfarm, nonresidential loans - $250k-1MM 42 $18,498 $440,429
    Commercial & Industrial, US addressed loans - <$1MM 220 $9,693 $44,059
    Commercial & Industrial, US addressed loans - <$100k 181 $3,401 $18,790
    Commercial & Industrial, US addressed loans - $100-250k 27 $2,414 $89,407
    Commercial & Industrial, US addressed loans - $250k-1MM 12 $3,878 $323,167
    Farmland loans - <$1MM 5 $491 $98,200
    Farmland loans - <$100k 3 $70 $23,333
    Farmland loans - $100-250k 1 $123 $123,000
    Farmland loans - $250k-1MM 1 $298 $298,000
    Agriculture operations loans - <$1MM 24 $1,904 $79,333
    Agriculture operations loans - <$100k 12 $277 $23,083
    Agriculture operations loans - $100-250k 6 $841 $140,167
    Agriculture operations loans - $250k-1MM 6 $786 $131,000