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

Waco, TX

LEI: 25490070QB5LWJ9JID79

Tax ID: 74-1165349

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 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

161

Origination Dollar Volume (All Markets)

$31,865,000

Employee count

102

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)	136	$24,230,000	$178,162	$0	0.00%
Outside of Metro Areas	25	$7,635,000	$305,400	$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	161	$31,865,000	$197,919	$0	0.00%

For 2021, Community Bank & Trust Waco Texas's most frequently originated type of loan was Conventional, with 161 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	70	$20,830,000	$297,571	$0	0.00%
Refi	49	$8,485,000	$173,163	$0	0.00%
Home Improvement	36	$1,980,000	$55,000	$0	0.00%
Other	6	$570,000	$95,000	$0	0.00%

For 2021, Community Bank & Trust Waco Texas's most frequently cited loan purpose was Home Purchase, with 70 originations. The 2nd most popular reason was Refi, with 49 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	161	$31,865,000	$197,919	$0	0.00%

For 2021, Community Bank & Trust Waco Texas's most frequently cited loan duration was Other, with 161 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	62	$3,280,000	$52,903	$0	0.00%
$100k-200k	49	$7,315,000	$149,286	$0	0.00%
$200k-400k	32	$8,990,000	$280,938	$0	0.00%
$400k-600k	11	$5,135,000	$466,818	$0	0.00%
$600k-1MM	4	$3,410,000	$852,500	$0	0.00%
$1MM+	3	$3,735,000	$1,245,000	$0	0.00%

2021 saw Community Bank & Trust Waco Texas place emphasis on $100,000 or less loans with 62 originations, totaling $3,280,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	27	$2,285,000	$84,630	$0	0.00%
$100k-150k	26	$5,370,000	$206,538	$0	0.00%
$50k-75k	25	$2,275,000	$91,000	$0	0.00%
$150k-250k	23	$5,475,000	$238,043	$0	0.00%
$75k-100k	21	$3,005,000	$143,095	$0	0.00%
$250k+	18	$8,910,000	$495,000	$0	0.00%

Community Bank & Trust Waco Texas lent most frequently to those with incomes in the $50k or less range, with 27 originations. The second most popular income band? $100k-150k, with 26 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	161	$31,865,000	$197,919	$0	0.00%

Community Bank & Trust Waco Texas lent most frequently to those with DTI ratios of Exempt%, with 161 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	128	$26,190,000	$204,609	$0	0.00%
Not applicable	19	$4,255,000	$223,947	$0	0.00%
Not provided	7	$845,000	$120,714	$0	0.00%
Black	5	$345,000	$69,000	$0	0.00%
Asian	1	$165,000	$165,000	$0	0.00%
Other Asian	1	$65,000	$65,000	$0	0.00%

Approval Rates

Total approvals of all applications
92.99%

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

Pick Rate

Approvals leading to origination
76.40%

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

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	161	$31,865,000	$197,919

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	161	$31,865,000	$197,919

Complaints

Bank Name	Product	Issue	2021 CPFB Complaints	% of Total Issues
COMMUNITY BANK SYSTEM, INC.	Conventional home mortgage	Applying for a mortgage or refinancing an existing mortgage	1	50.0%
COMMUNITY BANK SYSTEM, INC.	Home equity loan or line of credit (HELOC)	Closing on a mortgage	1	50.0%

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	$118,399
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	$248,549
Community Bank & Trust, Waco, Texas	8820 Chapel Road Waco, TX 76712	Full Service B&M	$87,278

For 2021, Community Bank & Trust Waco Texas had 4 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$17,365
Net interest income	$15,772
Total noninterest income	$7,054
Gross Fiduciary activities income	$4,614
Service charges on deposit accounts	$567
Trading account gains and fees	$0
Additional Noninterest Income	$1,873
Pre-tax net operating income	$6,962
Securities gains (or losses, -)	$0
Income before extraordinary items	$5,984
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$5,984
Minority interest net income	$0
Net income	$5,984
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$5,984

Community Bank & Trust Waco Texas's gross interest income from loans was $17,365,000.
Community Bank & Trust Waco Texas's net interest income from loans was $15,772,000.
Community Bank & Trust Waco Texas's fee based income from loans was $567,000.
Community Bank & Trust Waco Texas's net income from loans was $5,984,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$1,593
Provision for credit losses	$450
Total noninterest expense	$15,414
Salaries and employee benefits	$9,354
Premises and equipment expense	$1,320
Additional noninterest expense	$4,740
Applicable income taxes	$978
Net charge-offs	$-6
Cash dividends	$550

Community Bank & Trust Waco Texas's interest expense for loans was $1,593,000.
Community Bank & Trust Waco Texas's payroll and benefits expense were $9,354,000.
Community Bank & Trust Waco Texas's property, plant and equipment expenses $1,320,000.

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	$521,583
Deposits held in domestic offices	$521,583
Deposits by Individuals, partnerships, and corporations	$520,912
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$671
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	$264,397
Demand deposits	$203,168
Nontransaction accounts	$257,186
Money market deposit accounts (MMDAs)	$40,841
Other savings deposits (excluding MMDAs)	$86,607
Total time deposits	$129,738
Total time and savings deposits	$318,415
Noninterest-bearing deposits	$203,854
Interest-bearing deposits	$317,729
Retail deposits	$494,198
IRAs and Keogh plan accounts	$27,926
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$604,601
Cash & Balances due from depository institutions	$86,879
Interest-bearing balances	$77,463
Total securities	$224,757
Federal funds sold & reverse repurchase	$0
Net loans and leases	$274,382
Loan and leases loss allowance	$7,072
Trading account assets	$0
Bank premises and fixed assets	$4,798
Other real estate owned	$3,600
Goodwill and other intangibles	$0
All other assets	$10,185

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$604,601
Total Liabilities	$521,735
Total deposits	$521,583
Interest-bearing deposits	$317,729
Deposits held in domestic offices	$521,583
% insured (estimated)	$77
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$0
Subordinated debt	$0
All other liabilities	$152

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$274,382
Loan and leases loss allowance	$7,072
Total loans and leases (domestic)	$281,454
All real estate loans	$164,533
Real estate loans in domestic offices	$164,533
Construction and development loans	$11,335
Residential 1-4 family construction	$2,394
Other construction, all land development and other land	$8,941
Loans secured by nonfarm nonresidential properties	$42,687
Nonfarm nonresidential secured by owner-occupied properties	$30,468
Commercial real estate & other non-farm, non-residential	$12,219
Multifamily residential real estate	$1,043
1-4 family residential loans	$108,812
Farmland loans	$656
Loans held in foreign offices	$0
Farm loans	$54
Commercial and industrial loans	$95,803
To non-U.S. addressees	$0
Loans to individuals	$8,663
Credit card loans	$0
Related Plans	$0
Consumer Auto Loans	$3,521
Other loans to individuals	$5,142
All other loans & leases	$12,401
Loans to foreign governments and official institutions	$0
Other loans	$18
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	$0
Non 1-4 family restructured loans & leases	$0
Total loans and leases (foreign)	$0

Community Bank & Trust Waco Texas had $274,382,000 of loans outstanding in 2021. $164,533,000 of loans were in real estate loans. $11,335,000 of loans were in development loans. $1,043,000 of loans were in multifamily mortgage loans. $108,812,000 of loans were in 1-4 family mortgage loans. $54,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,521,000 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	100	$22,219	$222,190
Nonfarm, nonresidential loans - <$100k	24	$1,114	$46,417
Nonfarm, nonresidential loans - $100-250k	27	$3,755	$139,074
Nonfarm, nonresidential loans - $250k-1MM	49	$17,350	$354,082
Commercial & Industrial, US addressed loans - <$1MM	480	$32,679	$68,081
Commercial & Industrial, US addressed loans - <$100k	354	$8,142	$23,000
Commercial & Industrial, US addressed loans - $100-250k	68	$6,508	$95,706
Commercial & Industrial, US addressed loans - $250k-1MM	58	$18,029	$310,845
Farmland loans - <$1MM	3	$656	$218,667
Farmland loans - $100-250k	2	$367	$183,500
Farmland loans - $250k-1MM	1	$289	$289,000
Agriculture operations loans - <$1MM	1	$54	$54,000
Agriculture operations loans - <$100k	1	$54	$54,000