Community Bank & Trust Waco Texas Mortgage Rates, Fees & Info

Waco, TX

LEI: 25490070QB5LWJ9JID79

Tax ID: 74-1165349

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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

    Community Bank & Trust Waco Texas is a smaller bank specializing in Home Purchase loans. Community Bank & Trust Waco Texas has a high proportion of conventional loans. Their top markets by origination volume include: Waco, Austin, Houston, Killeen, and Stephenville among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Community Bank & Trust Waco Texas 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

    174

    Origination Dollar Volume (All Markets)

    $28,280,000

    Employee count

    107

    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
    WACO, TX (FHA|USDA|VA) 152 $20,090,000 $132,171 $0 0.00%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 4 $2,630,000 $657,500 $0 0.00%
    Outside of Metro Areas 8 $1,890,000 $236,250 $0 0.00%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $920,000 $460,000 $0 0.00%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 2 $800,000 $400,000 $0 0.00%
    Stephenville, TX (FHA|USDA|VA) 1 $775,000 $775,000 $0 0.00%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $500,000 $250,000 $0 0.00%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $395,000 $395,000 $0 0.00%
    McAlester, OK (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    Huntsville, TX (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
    Community Bank & Trust Waco Texas's top markets include Waco, Austin, Houston, Killeen, and Stephenville among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 174 $28,280,000 $162,529 $0 0.00%

    For 2018, Community Bank & Trust Waco Texas's most frequently originated type of loan was Conventional, with 174 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 93 $20,075,000 $215,860 $0 0.00%
    Refi 38 $4,520,000 $118,947 $0 0.00%
    Home Improvement 35 $2,745,000 $78,429 $0 0.00%
    Other 8 $940,000 $117,500 $0 0.00%

    For 2018, Community Bank & Trust Waco Texas's most frequently cited loan purpose was Home Purchase, with 93 originations. The 2nd most popular reason was Refi, with 38 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 174 $28,280,000 $162,529 $0 0.00%

    For 2018, Community Bank & Trust Waco Texas's most frequently cited loan duration was Other, with 174 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 80 $3,700,000 $46,250 $0 0.00%
    $100k-200k 48 $7,050,000 $146,875 $0 0.00%
    $200k-400k 34 $9,590,000 $282,059 $0 0.00%
    $600k-1MM 6 $4,560,000 $760,000 $0 0.00%
    $400k-600k 5 $2,355,000 $471,000 $0 0.00%
    $1MM+ 1 $1,025,000 $1,025,000 $0 0.00%

    2018 saw Community Bank & Trust Waco Texas place emphasis on $100,000 or less loans with 80 originations, totaling $3,700,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 35 $2,845,000 $81,286 $0 0.00%
    $75k-100k 32 $4,800,000 $150,000 $0 0.00%
    $100k-150k 29 $4,275,000 $147,414 $0 0.00%
    $250k+ 22 $8,680,000 $394,545 $0 0.00%
    $50k-75k 19 $2,185,000 $115,000 $0 0.00%
    $150k-250k 17 $3,615,000 $212,647 $0 0.00%

    Community Bank & Trust Waco Texas lent most frequently to those with incomes in the $50k or less range, with 35 originations. The second most popular income band? $75k-100k, with 32 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 174 $28,280,000 $162,529 $0 0.00%

    Community Bank & Trust Waco Texas lent most frequently to those with DTI ratios of Exempt%, with 174 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 143 $24,875,000 $173,951 $0 0.00%
    Not applicable 18 $1,760,000 $97,778 $0 0.00%
    Asian 2 $1,020,000 $510,000 $0 0.00%
    Black 9 $435,000 $48,333 $0 0.00%
    American Indian 1 $125,000 $125,000 $0 0.00%
    Not provided 1 $65,000 $65,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.60%

    Community Bank & Trust Waco Texas has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.16%

    Community Bank & Trust Waco Texas has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 174 $28,280,000 $162,529

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 6 $680,000 $113,333
    Single Family (1-4 Units):Site-Built 168 $27,600,000 $164,286

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Community Lending of America, Inc. VA mortgage Closing on a mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Community Bank & Trust, Waco, Texas 1409 Wooded Acres Waco, TX 76710 Full Service B&M $100,848
    Community Bank & Trust, Waco, Texas 1711 Lake Success Waco, TX 76710 Limited, Trust Office $0
    Community Bank & Trust, Waco, Texas 1800 Washington Avenue Waco, TX 76701 Full Service B&M $207,287
    Community Bank & Trust, Waco, Texas 8820 Chapel Road Waco, TX 76712 Full Service B&M $77,070

    For 2018, Community Bank & Trust Waco Texas had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $18,078
    Net interest income $15,924
    Total noninterest income $5,754
    Gross Fiduciary activities income $3,736
    Service charges on deposit accounts $577
    Trading account gains and fees $0
    Additional Noninterest Income $1,441
    Pre-tax net operating income $5,343
    Securities gains (or losses, -) $-128
    Income before extraordinary items $4,353
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,353
    Minority interest net income $0
    Net income $4,353
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,459

    Community Bank & Trust Waco Texas's gross interest income from loans was $18,078,000.
    Community Bank & Trust Waco Texas's net interest income from loans was $15,924,000.
    Community Bank & Trust Waco Texas's fee based income from loans was $577,000.
    Community Bank & Trust Waco Texas's net income from loans was $4,353,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,154
    Provision for credit losses $2,100
    Total noninterest expense $14,235
    Salaries and employee benefits $8,716
    Premises and equipment expense $1,234
    Additional noninterest expense $4,285
    Applicable income taxes $862
    Net charge-offs $2,502
    Cash dividends $654

    Community Bank & Trust Waco Texas's interest expense for loans was $2,154,000.
    Community Bank & Trust Waco Texas's payroll and benefits expense were $8,716,000.
    Community Bank & Trust Waco Texas's property, plant and equipment expenses $1,234,000.

    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 $386,873
    Deposits held in domestic offices $386,873
    Deposits by Individuals, partnerships, and corporations $386,381
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $492
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $159,304
    Demand deposits $113,274
    Nontransaction accounts $227,569
    Money market deposit accounts (MMDAs) $30,936
    Other savings deposits (excluding MMDAs) $58,417
    Total time deposits $138,216
    Total time and savings deposits $273,599
    Noninterest-bearing deposits $114,298
    Interest-bearing deposits $272,575
    Retail deposits $365,381
    IRAs and Keogh plan accounts $31,955
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $450,382
    Cash & Balances due from depository institutions $18,006
    Interest-bearing balances $8,910
    Total securities $110,886
    Federal funds sold & reverse repurchase $0
    Net loans and leases $302,885
    Loan and leases loss allowance $4,226
    Trading account assets $0
    Bank premises and fixed assets $5,285
    Other real estate owned $3,928
    Goodwill and other intangibles $0
    All other assets $9,392

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $450,382
    Total Liabilities $387,016
    Total deposits $386,873
    Interest-bearing deposits $272,575
    Deposits held in domestic offices $386,873
    % insured (estimated) $86
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $143

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $302,885
    Loan and leases loss allowance $4,226
    Total loans and leases (domestic) $307,111
    All real estate loans $182,338
    Real estate loans in domestic offices $182,338
    Construction and development loans $12,700
    Residential 1-4 family construction $2,761
    Other construction, all land development and other land $9,939
    Loans secured by nonfarm nonresidential properties $62,392
    Nonfarm nonresidential secured by owner-occupied properties $41,639
    Commercial real estate & other non-farm, non-residential $20,753
    Multifamily residential real estate $185
    1-4 family residential loans $105,932
    Farmland loans $1,129
    Loans held in foreign offices $0
    Farm loans $86
    Commercial and industrial loans $108,097
    To non-U.S. addressees $0
    Loans to individuals $11,724
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $5,109
    Other loans to individuals $6,615
    All other loans & leases $4,866
    Loans to foreign governments and official institutions $0
    Other loans $84
    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 $1,095
    Non 1-4 family restructured loans & leases $1,095
    Total loans and leases (foreign) $0

    Community Bank & Trust Waco Texas had $302,885,000 of loans outstanding in 2018. $182,338,000 of loans were in real estate loans. $12,700,000 of loans were in development loans. $185,000 of loans were in multifamily mortgage loans. $105,932,000 of loans were in 1-4 family mortgage loans. $86,000 of loans were in farm loans. $0 of loans were in credit card loans. $5,109,000 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 109 $21,447 $196,761
    Nonfarm, nonresidential loans - <$100k 39 $1,285 $32,949
    Nonfarm, nonresidential loans - $100-250k 28 $3,676 $131,286
    Nonfarm, nonresidential loans - $250k-1MM 42 $16,486 $392,524
    Commercial & Industrial, US addressed loans - <$1MM 514 $60,783 $118,255
    Commercial & Industrial, US addressed loans - <$100k 394 $16,160 $41,015
    Commercial & Industrial, US addressed loans - $100-250k 50 $6,674 $133,480
    Commercial & Industrial, US addressed loans - $250k-1MM 70 $37,949 $542,129
    Farmland loans - <$1MM 3 $613 $204,333
    Farmland loans - $100-250k 2 $406 $203,000
    Farmland loans - $250k-1MM 1 $207 $207,000
    Agriculture operations loans - <$1MM 3 $86 $28,667
    Agriculture operations loans - <$100k 3 $86 $28,667