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

Waco, TX

LEI: 25490070QB5LWJ9JID79

Tax ID: 74-1165349

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

Jump to:

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 (well, only) market is Waco.

    Community Bank & Trust Waco Texas has an 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    165

    Origination Dollar Volume (All Markets)

    $36,025,000

    Employee count

    106

    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) 140 $20,930,000 $149,500 $0 0.00%
    Outside of Metro Areas 25 $15,095,000 $603,800 $0 0.00%
    Community Bank & Trust Waco Texas's top markets include and Waco among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 165 $36,025,000 $218,333 $0 0.00%

    For 2019, Community Bank & Trust Waco Texas's most frequently originated type of loan was Conventional, with 165 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 102 $27,810,000 $272,647 $0 0.00%
    Refi 29 $4,355,000 $150,172 $0 0.00%
    Home Improvement 27 $2,935,000 $108,704 $0 0.00%
    Other 7 $925,000 $132,143 $0 0.00%

    For 2019, Community Bank & Trust Waco Texas's most frequently cited loan purpose was Home Purchase, with 102 originations. The 2nd most popular reason was Refi, with 29 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 165 $36,025,000 $218,333 $0 0.00%

    For 2019, Community Bank & Trust Waco Texas's most frequently cited loan duration was Other, with 165 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 65 $3,575,000 $55,000 $0 0.00%
    $100k-200k 52 $7,320,000 $140,769 $0 0.00%
    $200k-400k 33 $9,275,000 $281,061 $0 0.00%
    $400k-600k 6 $3,030,000 $505,000 $0 0.00%
    $600k-1MM 5 $3,815,000 $763,000 $0 0.00%
    $1MM+ 4 $9,010,000 $2,252,500 $0 0.00%

    2019 saw Community Bank & Trust Waco Texas place emphasis on $100,000 or less loans with 65 originations, totaling $3,575,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 38 $6,680,000 $175,789 $0 0.00%
    $50k-75k 26 $2,690,000 $103,462 $0 0.00%
    $75k-100k 24 $4,110,000 $171,250 $0 0.00%
    $250k+ 23 $8,715,000 $378,913 $0 0.00%
    $50k or less 23 $1,745,000 $75,870 $0 0.00%
    $150k-250k 12 $3,700,000 $308,333 $0 0.00%

    Community Bank & Trust Waco Texas lent most frequently to those with incomes in the $100k-150k range, with 38 originations. The second most popular income band? $50k-75k, with 26 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 165 $36,025,000 $218,333 $0 0.00%

    Community Bank & Trust Waco Texas lent most frequently to those with DTI ratios of Exempt%, with 165 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 140 $26,970,000 $192,643 $0 0.00%
    Not applicable 18 $8,250,000 $458,333 $0 0.00%
    Black 6 $690,000 $115,000 $0 0.00%
    Asian 1 $115,000 $115,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.30%

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

    Pick Rate

    Approvals leading to origination
    83.64%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 165 $36,025,000 $218,333

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $515,000 $515,000
    Single Family (1-4 Units):Manufactured 5 $325,000 $65,000
    Single Family (1-4 Units):Site-Built 159 $35,185,000 $221,289

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    COMMUNITY BANK SYSTEM, INC. Conventional home mortgage Closing on a mortgage 1 20.0%
    COMMUNITY BANK SYSTEM, INC. Conventional home mortgage Trouble during payment process 3 60.0%
    COMMUNITY BANK SYSTEM, INC. Home equity loan or line of credit (HELOC) Closing on a mortgage 1 20.0%

    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 $102,208
    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 $199,788
    Community Bank & Trust, Waco, Texas 8820 Chapel Road Waco, TX 76712 Full Service B&M $76,693

    For 2019, Community Bank & Trust Waco Texas had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $19,198
    Net interest income $16,593
    Total noninterest income $6,152
    Gross Fiduciary activities income $3,863
    Service charges on deposit accounts $604
    Trading account gains and fees $0
    Additional Noninterest Income $1,685
    Pre-tax net operating income $6,344
    Securities gains (or losses, -) $-38
    Income before extraordinary items $5,202
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,202
    Minority interest net income $0
    Net income $5,202
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,233

    Community Bank & Trust Waco Texas's gross interest income from loans was $19,198,000.
    Community Bank & Trust Waco Texas's net interest income from loans was $16,593,000.
    Community Bank & Trust Waco Texas's fee based income from loans was $604,000.
    Community Bank & Trust Waco Texas's net income from loans was $5,202,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,605
    Provision for credit losses $900
    Total noninterest expense $15,501
    Salaries and employee benefits $9,280
    Premises and equipment expense $1,299
    Additional noninterest expense $4,922
    Applicable income taxes $1,104
    Net charge-offs $775
    Cash dividends $160

    Community Bank & Trust Waco Texas's interest expense for loans was $2,605,000.
    Community Bank & Trust Waco Texas's payroll and benefits expense were $9,280,000.
    Community Bank & Trust Waco Texas's property, plant and equipment expenses $1,299,000.

    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 $395,196
    Deposits held in domestic offices $395,196
    Deposits by Individuals, partnerships, and corporations $394,994
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $202
    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 $170,207
    Demand deposits $123,883
    Nontransaction accounts $224,989
    Money market deposit accounts (MMDAs) $30,576
    Other savings deposits (excluding MMDAs) $58,135
    Total time deposits $136,278
    Total time and savings deposits $271,313
    Noninterest-bearing deposits $124,457
    Interest-bearing deposits $270,739
    Retail deposits $372,438
    IRAs and Keogh plan accounts $31,395
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $466,543
    Cash & Balances due from depository institutions $21,067
    Interest-bearing balances $13,432
    Total securities $110,563
    Federal funds sold & reverse repurchase $0
    Net loans and leases $317,495
    Loan and leases loss allowance $4,351
    Trading account assets $0
    Bank premises and fixed assets $5,078
    Other real estate owned $3,750
    Goodwill and other intangibles $0
    All other assets $8,590

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $466,543
    Total Liabilities $395,352
    Total deposits $395,196
    Interest-bearing deposits $270,739
    Deposits held in domestic offices $395,196
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $156

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $317,495
    Loan and leases loss allowance $4,351
    Total loans and leases (domestic) $321,846
    All real estate loans $203,127
    Real estate loans in domestic offices $203,127
    Construction and development loans $13,144
    Residential 1-4 family construction $2,812
    Other construction, all land development and other land $10,332
    Loans secured by nonfarm nonresidential properties $75,150
    Nonfarm nonresidential secured by owner-occupied properties $45,424
    Commercial real estate & other non-farm, non-residential $29,726
    Multifamily residential real estate $175
    1-4 family residential loans $113,580
    Farmland loans $1,078
    Loans held in foreign offices $0
    Farm loans $72
    Commercial and industrial loans $102,745
    To non-U.S. addressees $0
    Loans to individuals $11,543
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $4,843
    Other loans to individuals $6,700
    All other loans & leases $4,359
    Loans to foreign governments and official institutions $0
    Other loans $283
    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 $814
    Non 1-4 family restructured loans & leases $814
    Total loans and leases (foreign) $0

    Community Bank & Trust Waco Texas had $317,495,000 of loans outstanding in 2019. $203,127,000 of loans were in real estate loans. $13,144,000 of loans were in development loans. $175,000 of loans were in multifamily mortgage loans. $113,580,000 of loans were in 1-4 family mortgage loans. $72,000 of loans were in farm loans. $0 of loans were in credit card loans. $4,843,000 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 114 $22,238 $195,070
    Nonfarm, nonresidential loans - <$100k 37 $1,100 $29,730
    Nonfarm, nonresidential loans - $100-250k 31 $4,225 $136,290
    Nonfarm, nonresidential loans - $250k-1MM 46 $16,913 $367,674
    Commercial & Industrial, US addressed loans - <$1MM 500 $56,050 $112,100
    Commercial & Industrial, US addressed loans - <$100k 392 $17,951 $45,793
    Commercial & Industrial, US addressed loans - $100-250k 50 $6,766 $135,320
    Commercial & Industrial, US addressed loans - $250k-1MM 58 $31,333 $540,224
    Farmland loans - <$1MM 3 $589 $196,333
    Farmland loans - $100-250k 2 $395 $197,500
    Farmland loans - $250k-1MM 1 $194 $194,000
    Agriculture operations loans - <$1MM 3 $72 $24,000
    Agriculture operations loans - <$100k 3 $72 $24,000