Community Bank & Trust Waco Texas Mortgage Rates, Fees & Info
Waco, TXLEI: 25490070QB5LWJ9JID79
Tax ID: 74-1165349
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Mortgage Data
Bank Data
Review & Overview
Community Bank & Trust Waco Texas is a smaller bank specializing in Home Purchase and Refi 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 above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
136Origination Dollar Volume (All Markets)
$25,610,000Employee count
102Top 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) | 118 | $19,630,000 | $166,356 | $0 | 0.00% |
| Outside of Metro Areas | 18 | $5,980,000 | $332,222 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 136 | $25,610,000 | $188,309 | $0 | 0.00% |
For 2020, Community Bank & Trust Waco Texas's most frequently originated type of loan was Conventional, with 136 originations.
Loan Reason
For 2020, Community Bank & Trust Waco Texas's most frequently cited loan purpose was Home Purchase, with 69 originations. The 2nd most popular reason was Refi, with 37 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 136 | $25,610,000 | $188,309 | $0 | 0.00% |
For 2020, Community Bank & Trust Waco Texas's most frequently cited loan duration was Other, with 136 originations.
Loan Sizing
2020 saw Community Bank & Trust Waco Texas place emphasis on $100,000 or less loans with 56 originations, totaling $3,200,000 in origination value.
Applicant Income
Community Bank & Trust Waco Texas lent most frequently to those with incomes in the $50k-75k range, with 26 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% | 136 | $25,610,000 | $188,309 | $0 | 0.00% |
Community Bank & Trust Waco Texas lent most frequently to those with DTI ratios of Exempt%, with 136 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.23%
Community Bank & Trust Waco Texas has an average approval rate.
Pick Rate
Approvals leading to origination69.12%
Community Bank & Trust Waco Texas 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 | 136 | $25,610,000 | $188,309 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| COMMUNITY BANK SYSTEM, INC. | Conventional home mortgage | Struggling to pay mortgage | 1 | 33.3% |
| COMMUNITY BANK SYSTEM, INC. | Conventional home mortgage | Trouble during payment process | 1 | 33.3% |
| COMMUNITY BANK SYSTEM, INC. | Other type of mortgage | Closing on a mortgage | 1 | 33.3% |
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 | $114,507 |
| 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 | $241,643 |
| Community Bank & Trust, Waco, Texas | 8820 Chapel Road Waco, TX 76712 | Full Service B&M | $87,725 |
For 2020, Community Bank & Trust Waco Texas had 4 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $19,510 |
| Net interest income | $17,060 |
| Total noninterest income | $6,236 |
| Gross Fiduciary activities income | $3,942 |
| Service charges on deposit accounts | $604 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $1,690 |
| Pre-tax net operating income | $5,798 |
| Securities gains (or losses, -) | $34 |
| Income before extraordinary items | $4,955 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $4,955 |
| Minority interest net income | $0 |
| Net income | $4,955 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $4,926 |
Community Bank & Trust Waco Texas's gross interest income from loans was $19,510,000.
Community Bank & Trust Waco Texas's net interest income from loans was $17,060,000.
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 $4,955,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $2,450 |
| Provision for credit losses | $2,400 |
| Total noninterest expense | $15,098 |
| Salaries and employee benefits | $9,390 |
| Premises and equipment expense | $1,124 |
| Additional noninterest expense | $4,584 |
| Applicable income taxes | $877 |
| Net charge-offs | $135 |
| Cash dividends | $225 |
Community Bank & Trust Waco Texas's interest expense for loans was $2,450,000.
Community Bank & Trust Waco Texas's payroll and benefits expense were $9,390,000.
Community Bank & Trust Waco Texas's property, plant and equipment expenses $1,124,000.
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 | $440,867 |
| Deposits held in domestic offices | $440,867 |
| Deposits by Individuals, partnerships, and corporations | $440,460 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $407 |
| 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 | $188,546 |
| Demand deposits | $134,250 |
| Nontransaction accounts | $252,321 |
| Money market deposit accounts (MMDAs) | $37,362 |
| Other savings deposits (excluding MMDAs) | $81,787 |
| Total time deposits | $133,172 |
| Total time and savings deposits | $306,617 |
| Noninterest-bearing deposits | $134,800 |
| Interest-bearing deposits | $306,067 |
| Retail deposits | $417,385 |
| IRAs and Keogh plan accounts | $30,264 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $520,797 |
| Cash & Balances due from depository institutions | $40,226 |
| Interest-bearing balances | $32,123 |
| Total securities | $137,656 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $324,686 |
| Loan and leases loss allowance | $6,616 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $5,110 |
| Other real estate owned | $3,600 |
| Goodwill and other intangibles | $0 |
| All other assets | $9,519 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $520,797 |
| Total Liabilities | $441,352 |
| Total deposits | $440,867 |
| Interest-bearing deposits | $306,067 |
| Deposits held in domestic offices | $440,867 |
| % insured (estimated) | $85 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $485 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $324,686 |
| Loan and leases loss allowance | $6,616 |
| Total loans and leases (domestic) | $331,302 |
| All real estate loans | $181,717 |
| Real estate loans in domestic offices | $181,717 |
| Construction and development loans | $12,735 |
| Residential 1-4 family construction | $2,683 |
| Other construction, all land development and other land | $10,052 |
| Loans secured by nonfarm nonresidential properties | $52,457 |
| Nonfarm nonresidential secured by owner-occupied properties | $32,981 |
| Commercial real estate & other non-farm, non-residential | $19,476 |
| Multifamily residential real estate | $0 |
| 1-4 family residential loans | $115,655 |
| Farmland loans | $870 |
| Loans held in foreign offices | $0 |
| Farm loans | $49 |
| Commercial and industrial loans | $132,330 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $9,853 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $4,069 |
| Other loans to individuals | $5,784 |
| All other loans & leases | $7,353 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $69 |
| 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 $324,686,000 of loans outstanding in 2020. $181,717,000 of loans were in real estate loans. $12,735,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $115,655,000 of loans were in 1-4 family mortgage loans. $49,000 of loans were in farm loans. $0 of loans were in credit card loans. $4,069,000 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 | 115 | $22,537 | $195,974 |
| Nonfarm, nonresidential loans - <$100k | 37 | $1,005 | $27,162 |
| Nonfarm, nonresidential loans - $100-250k | 34 | $5,094 | $149,824 |
| Nonfarm, nonresidential loans - $250k-1MM | 44 | $16,438 | $373,591 |
| Commercial & Industrial, US addressed loans - <$1MM | 713 | $65,494 | $91,857 |
| Commercial & Industrial, US addressed loans - <$100k | 566 | $20,501 | $36,221 |
| Commercial & Industrial, US addressed loans - $100-250k | 83 | $11,033 | $132,928 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 64 | $33,960 | $530,625 |
| Farmland loans - <$1MM | 3 | $562 | $187,333 |
| Farmland loans - $100-250k | 2 | $383 | $191,500 |
| Farmland loans - $250k-1MM | 1 | $179 | $179,000 |
| Agriculture operations loans - <$1MM | 1 | $49 | $49,000 |
| Agriculture operations loans - <$100k | 1 | $49 | $49,000 |