Commercial Banking Company Mortgage Rates, Fees & Info

Valdosta, GA

LEI: 2549005RQQ9A5CNFVG05

Tax ID: 58-0508347

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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, Brunswick, and Fitzgerald among others. We have data for 12 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

    158

    Origination Dollar Volume (All Markets)

    $26,030,000

    Employee count

    65

    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) 96 $15,900,000 $165,625 $0 0.00%
    Tifton, GA (FHA|USDA|VA) 22 $4,460,000 $202,727 $0 0.00%
    Moultrie, GA (FHA|USDA|VA) 22 $2,800,000 $127,273 $0 0.00%
    Outside of Metro Areas 8 $1,430,000 $178,750 $0 0.00%
    BRUNSWICK, GA (FHA|USDA|VA) 1 $415,000 $415,000 $0 0.00%
    Fitzgerald, GA (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
    ALBANY, GA (FHA|USDA|VA) 2 $200,000 $100,000 $0 0.00%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    Thomasville, GA (FHA|USDA|VA) 2 $130,000 $65,000 $0 0.00%
    Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
    Americus, GA (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
    Commercial Banking Company's top markets include Valdosta, Tifton, Moultrie, Brunswick, and Fitzgerald among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 158 $26,030,000 $164,747 $0 0.00%

    For 2021, Commercial Banking Company's most frequently originated type of loan was Conventional, with 158 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 87 $13,705,000 $157,529 $0 0.00%
    Refi 62 $11,830,000 $190,806 $0 0.00%
    Other 5 $275,000 $55,000 $0 0.00%
    Home Improvement 4 $220,000 $55,000 $0 0.00%

    For 2021, Commercial Banking Company's most frequently cited loan purpose was Home Purchase, with 87 originations. The 2nd most popular reason was Refi, with 62 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 158 $26,030,000 $164,747 $0 0.00%

    For 2021, Commercial Banking Company's most frequently cited loan duration was Other, with 158 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 76 $4,590,000 $60,395 $0 0.00%
    $100k-200k 50 $7,180,000 $143,600 $0 0.00%
    $200k-400k 20 $5,470,000 $273,500 $0 0.00%
    $400k-600k 6 $2,970,000 $495,000 $0 0.00%
    $600k-1MM 4 $2,810,000 $702,500 $0 0.00%
    $1MM+ 2 $3,010,000 $1,505,000 $0 0.00%

    2021 saw Commercial Banking Company place emphasis on $100,000 or less loans with 76 originations, totaling $4,590,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 20 $1,860,000 $93,000 $0 0.00%
    $100k-150k 17 $2,385,000 $140,294 $0 0.00%
    $150k-250k 11 $2,825,000 $256,818 $0 0.00%
    $50k-75k 10 $920,000 $92,000 $0 0.00%
    $250k+ 8 $1,630,000 $203,750 $0 0.00%
    $75k-100k 6 $910,000 $151,667 $0 0.00%

    Commercial Banking Company lent most frequently to those with incomes in the $50k or less range, with 20 originations. The second most popular income band? $100k-150k, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 158 $26,030,000 $164,747 $0 0.00%

    Commercial Banking Company lent most frequently to those with DTI ratios of Exempt%, with 158 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 85 $15,275,000 $179,706 $0 0.00%
    White 61 $8,795,000 $144,180 $0 0.00%
    Black 7 $1,255,000 $179,286 $0 0.00%
    Asian Indian 1 $305,000 $305,000 $0 0.00%
    Asian 2 $270,000 $135,000 $0 0.00%
    American Indian 1 $65,000 $65,000 $0 0.00%
    Not provided 1 $65,000 $65,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.02%

    Commercial Banking Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    62.66%

    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 158 $26,030,000 $164,747

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    158 $26,030,000 $164,747

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    COMMERCE BANK Conventional home mortgage Closing on a mortgage 1 33.3%
    COMMERCE BANK Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%
    COMMERCE BANK FHA mortgage Applying for a mortgage or refinancing an existing mortgage 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 $17,519
    Commercial Banking Company 1215 Baytree Road Valdosta, GA 31603 Full Service B&M $29,282
    Commercial Banking Company 3462 North Valdosta Road Valdosta, GA 31603 Full Service B&M $120,500
    Commercial Banking Company 419 B. South Main Street Moultrie, GA 31768 Full Service B&M $67,100
    Commercial Banking Company 729 W 2nd Street Tifton, GA 31793 Full Service B&M $27,676

    For 2021, Commercial Banking Company had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $10,739
    Net interest income $10,151
    Total noninterest income $2,573
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $882
    Trading account gains and fees $0
    Additional Noninterest Income $1,691
    Pre-tax net operating income $4,930
    Securities gains (or losses, -) $33
    Income before extraordinary items $3,856
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,856
    Minority interest net income $0
    Net income $3,856
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,829

    Commercial Banking Company's gross interest income from loans was $10,739,000.
    Commercial Banking Company's net interest income from loans was $10,151,000.
    Commercial Banking Company's fee based income from loans was $882,000.
    Commercial Banking Company's net income from loans was $3,856,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $588
    Provision for credit losses $50
    Total noninterest expense $7,744
    Salaries and employee benefits $4,822
    Premises and equipment expense $1,695
    Additional noninterest expense $1,227
    Applicable income taxes $1,107
    Net charge-offs $-1
    Cash dividends $3,000

    Commercial Banking Company's interest expense for loans was $588,000.
    Commercial Banking Company's payroll and benefits expense were $4,822,000.
    Commercial Banking Company's property, plant and equipment expenses $1,695,000.

    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 0.0%
    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 $318,014
    Deposits held in domestic offices $318,014
    Deposits by Individuals, partnerships, and corporations $313,155
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $2,361
    Deposits by Commercial banks and other depository institutions in U.S. $2,498
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $181,506
    Demand deposits $151,627
    Nontransaction accounts $136,508
    Money market deposit accounts (MMDAs) $80,016
    Other savings deposits (excluding MMDAs) $23,834
    Total time deposits $32,658
    Total time and savings deposits $166,387
    Noninterest-bearing deposits $147,413
    Interest-bearing deposits $170,601
    Retail deposits $310,934
    IRAs and Keogh plan accounts $3,563
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $355,040
    Cash & Balances due from depository institutions $133,369
    Interest-bearing balances $125,360
    Total securities $28,914
    Federal funds sold & reverse repurchase $0
    Net loans and leases $176,319
    Loan and leases loss allowance $3,390
    Trading account assets $0
    Bank premises and fixed assets $7,049
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $9,389

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $355,040
    Total Liabilities $318,769
    Total deposits $318,014
    Interest-bearing deposits $170,601
    Deposits held in domestic offices $318,014
    % insured (estimated) $51
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $755

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $176,319
    Loan and leases loss allowance $3,390
    Total loans and leases (domestic) $179,709
    All real estate loans $160,454
    Real estate loans in domestic offices $160,454
    Construction and development loans $21,879
    Residential 1-4 family construction $12,462
    Other construction, all land development and other land $9,417
    Loans secured by nonfarm nonresidential properties $51,708
    Nonfarm nonresidential secured by owner-occupied properties $43,460
    Commercial real estate & other non-farm, non-residential $8,248
    Multifamily residential real estate $9,261
    1-4 family residential loans $74,823
    Farmland loans $2,783
    Loans held in foreign offices $0
    Farm loans $1,369
    Commercial and industrial loans $11,397
    To non-U.S. addressees $0
    Loans to individuals $2,721
    Credit card loans $0
    Related Plans $8
    Consumer Auto Loans $1,066
    Other loans to individuals $1,647
    All other loans & leases $3,768
    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 $915
    Non 1-4 family restructured loans & leases $735
    Total loans and leases (foreign) $0

    Commercial Banking Company had $176,319,000 of loans outstanding in 2021. $160,454,000 of loans were in real estate loans. $21,879,000 of loans were in development loans. $9,261,000 of loans were in multifamily mortgage loans. $74,823,000 of loans were in 1-4 family mortgage loans. $1,369,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,066,000 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 142 $32,134 $226,296
    Nonfarm, nonresidential loans - <$100k 30 $1,411 $47,033
    Nonfarm, nonresidential loans - $100-250k 60 $7,542 $125,700
    Nonfarm, nonresidential loans - $250k-1MM 52 $23,181 $445,788
    Commercial & Industrial, US addressed loans - <$1MM 200 $8,122 $40,610
    Commercial & Industrial, US addressed loans - <$100k 161 $3,203 $19,894
    Commercial & Industrial, US addressed loans - $100-250k 27 $2,359 $87,370
    Commercial & Industrial, US addressed loans - $250k-1MM 12 $2,560 $213,333
    Farmland loans - <$1MM 5 $671 $134,200
    Farmland loans - <$100k 2 $3 $1,500
    Farmland loans - $100-250k 1 $115 $115,000
    Farmland loans - $250k-1MM 2 $553 $276,500
    Agriculture operations loans - <$1MM 21 $1,369 $65,190
    Agriculture operations loans - <$100k 9 $169 $18,778
    Agriculture operations loans - $100-250k 9 $359 $39,889
    Agriculture operations loans - $250k-1MM 3 $841 $280,333