Community Bank Of Pickens County Mortgage Rates, Fees & Info

Jasper, GA

LEI: 254900A4WMCRPWZCPS41

Tax ID: 58-2516675

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

Review & Overview

Community Bank Of Pickens County is a smaller bank specializing in Refi and Home Purchase loans. Community Bank Of Pickens County has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Crestview, Calhoun, and Jefferson among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

Community Bank Of Pickens County has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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Originations

Origination Dollar Volume (All Markets)

$15,075,000

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
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA\|USDA\|VA)	79	$12,575,000	$159,177	$0	0.00%
Outside of Metro Areas	9	$1,675,000	$186,111	$0	0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA\|USDA\|VA)	1	$455,000	$455,000	$0	0.00%
Calhoun, GA (FHA\|USDA\|VA)	3	$255,000	$85,000	$0	0.00%
Jefferson, GA (FHA\|USDA\|VA)	1	$115,000	$115,000	$0	0.00%

Community Bank Of Pickens County's top markets include Atlanta, Crestview, Calhoun, and Jefferson among others.

Their top states include:

Georgia (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	93	$15,075,000	$162,097	$0	0.00%

For 2019, Community Bank Of Pickens County's most frequently originated type of loan was Conventional, with 93 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Refi	42	$7,220,000	$171,905	$0	0.00%
Home Purchase	40	$7,370,000	$184,250	$0	0.00%
Other	6	$160,000	$26,667	$0	0.00%
Home Improvement	5	$325,000	$65,000	$0	0.00%

For 2019, Community Bank Of Pickens County's most frequently cited loan purpose was Refi, with 42 originations. The 2nd most popular reason was Home Purchase, with 40 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	93	$15,075,000	$162,097	$0	0.00%

For 2019, Community Bank Of Pickens County's most frequently cited loan duration was Other, with 93 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	41	$2,055,000	$50,122	$0	0.00%
$100k-200k	32	$4,210,000	$131,563	$0	0.00%
$200k-400k	13	$3,445,000	$265,000	$0	0.00%
$400k-600k	3	$1,465,000	$488,333	$0	0.00%
$600k-1MM	3	$2,515,000	$838,333	$0	0.00%
$1MM+	1	$1,385,000	$1,385,000	$0	0.00%

2019 saw Community Bank Of Pickens County place emphasis on $100,000 or less loans with 41 originations, totaling $2,055,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	25	$1,595,000	$63,800	$0	0.00%
$50k-75k	18	$1,880,000	$104,444	$0	0.00%
$100k-150k	15	$2,245,000	$149,667	$0	0.00%
$75k-100k	11	$2,775,000	$252,273	$0	0.00%
$150k-250k	9	$1,765,000	$196,111	$0	0.00%
$250k+	3	$685,000	$228,333	$0	0.00%

Community Bank Of Pickens County lent most frequently to those with incomes in the $50k or less range, with 25 originations. The second most popular income band? $50k-75k, with 18 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	93	$15,075,000	$162,097	$0	0.00%

Community Bank Of Pickens County lent most frequently to those with DTI ratios of Exempt%, with 93 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	83	$11,105,000	$133,795	$0	0.00%
Not applicable	10	$3,970,000	$397,000	$0	0.00%

Approval Rates

Total approvals of all applications
96.94%

Community Bank Of Pickens County has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
97.85%

Community Bank Of Pickens County has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	93	$15,075,000	$162,097

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	1	$1,385,000	$1,385,000
Single Family (1-4 Units):Manufactured	5	$265,000	$53,000
Single Family (1-4 Units):Site-Built	87	$13,425,000	$154,310

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%