Commodore Bank Mortgage Rates, Fees & Info
Somerset, OHLEI: 25490081ZRNCBNUFA124
Tax ID: 31-4264680
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Mortgage Data
Bank Data
Review & Overview
Commodore Bank is a smaller bank specializing in various types of mortgages.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
0Origination Dollar Volume (All Markets)
$0Employee count
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Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| CENTURY MORTGAGE COMPANY | VA mortgage | Trouble during payment process | 1 | 100.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Commodore Bank | 100 East Main Street Somerset, OH 43783 | Full Service B&M | $40,893 |
| Commodore Bank | 12101 Lancaster Street Millersport, OH 43046 | Full Service B&M | $33,854 |
| Commodore Bank | 202 Commodore Court Hebron, OH 43025 | Full Service Retail | $6,678 |
For 2021, Commodore Bank had 3 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $2,335 |
| Net interest income | $2,190 |
| Total noninterest income | $566 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $101 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $465 |
| Pre-tax net operating income | $56 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $66 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $66 |
| Minority interest net income | $0 |
| Net income | $66 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $66 |
Commodore Bank's gross interest income from loans was $2,335,000.
Commodore Bank's net interest income from loans was $2,190,000.
Commodore Bank's fee based income from loans was $101,000.
Commodore Bank's net income from loans was $66,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $145 |
| Provision for credit losses | $-11 |
| Total noninterest expense | $2,711 |
| Salaries and employee benefits | $1,200 |
| Premises and equipment expense | $398 |
| Additional noninterest expense | $1,113 |
| Applicable income taxes | $-10 |
| Net charge-offs | $61 |
| Cash dividends | $0 |
Commodore Bank's interest expense for loans was $145,000.
Commodore Bank's payroll and benefits expense were $1,200,000.
Commodore Bank's property, plant and equipment expenses $398,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 3.0% |
| Real Estate loans | 4.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 10.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 2.0% |
| HELOC loans | 1.0% |
| All other family | 2.0% |
| Commercial & industrial loans | 2.0% |
| Personal loans | 2.0% |
| Credit card loans | 5.4% |
| Other individual loans | 2.0% |
| Auto loans | 1.0% |
| Other consumer loans | 3.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $85,625 |
| Deposits held in domestic offices | $85,625 |
| Deposits by Individuals, partnerships, and corporations | $77,359 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $8,266 |
| 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 | $45,619 |
| Demand deposits | $11,920 |
| Nontransaction accounts | $40,006 |
| Money market deposit accounts (MMDAs) | $4,173 |
| Other savings deposits (excluding MMDAs) | $27,390 |
| Total time deposits | $8,442 |
| Total time and savings deposits | $73,705 |
| Noninterest-bearing deposits | $11,920 |
| Interest-bearing deposits | $73,705 |
| Retail deposits | $84,356 |
| IRAs and Keogh plan accounts | $1,794 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $94,041 |
| Cash & Balances due from depository institutions | $4,942 |
| Interest-bearing balances | $2,997 |
| Total securities | $27,476 |
| Federal funds sold & reverse repurchase | $6,429 |
| Net loans and leases | $47,414 |
| Loan and leases loss allowance | $397 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $3,924 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $169 |
| All other assets | $3,687 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $94,041 |
| Total Liabilities | $86,996 |
| Total deposits | $85,625 |
| Interest-bearing deposits | $73,705 |
| Deposits held in domestic offices | $85,625 |
| % insured (estimated) | $86 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $1,371 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $47,414 |
| Loan and leases loss allowance | $397 |
| Total loans and leases (domestic) | $47,811 |
| All real estate loans | $41,187 |
| Real estate loans in domestic offices | $41,187 |
| Construction and development loans | $3,722 |
| Residential 1-4 family construction | $2,741 |
| Other construction, all land development and other land | $981 |
| Loans secured by nonfarm nonresidential properties | $4,582 |
| Nonfarm nonresidential secured by owner-occupied properties | $1,892 |
| Commercial real estate & other non-farm, non-residential | $2,690 |
| Multifamily residential real estate | $2,701 |
| 1-4 family residential loans | $28,957 |
| Farmland loans | $1,225 |
| Loans held in foreign offices | $0 |
| Farm loans | $142 |
| Commercial and industrial loans | $1,437 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $3,653 |
| Credit card loans | $517 |
| Related Plans | $11 |
| Consumer Auto Loans | $1,283 |
| Other loans to individuals | $1,842 |
| All other loans & leases | $1,392 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $1,242 |
| 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 |
Commodore Bank had $47,414,000 of loans outstanding in 2021. $41,187,000 of loans were in real estate loans. $3,722,000 of loans were in development loans. $2,701,000 of loans were in multifamily mortgage loans. $28,957,000 of loans were in 1-4 family mortgage loans. $142,000 of loans were in farm loans. $517,000 of loans were in credit card loans. $1,283,000 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 | 17 | $2,921 | $171,824 |
| Nonfarm, nonresidential loans - <$100k | 4 | $93 | $23,250 |
| Nonfarm, nonresidential loans - $100-250k | 8 | $824 | $103,000 |
| Nonfarm, nonresidential loans - $250k-1MM | 5 | $2,004 | $400,800 |
| Commercial & Industrial, US addressed loans - <$1MM | 26 | $1,399 | $53,808 |
| Commercial & Industrial, US addressed loans - <$100k | 21 | $519 | $24,714 |
| Commercial & Industrial, US addressed loans - $100-250k | 4 | $410 | $102,500 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 1 | $470 | $470,000 |
| Farmland loans - <$1MM | 5 | $1,225 | $245,000 |
| Farmland loans - $100-250k | 1 | $51 | $51,000 |
| Farmland loans - $250k-1MM | 4 | $1,174 | $293,500 |
| Agriculture operations loans - <$1MM | 6 | $142 | $23,667 |
| Agriculture operations loans - <$100k | 6 | $142 | $23,667 |