Community Bank Mortgage Rates, Fees & Info

Topeka, KS

LEI: 254900R028OZZTTP5D53

Tax ID: 48-1159799

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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 is a smaller bank specializing in Home Purchase and Refi loans. Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Topeka, Kansas City, Manhattan, Newport, and Hutchinson among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Community Bank 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.

    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

    165

    Origination Dollar Volume (All Markets)

    $29,275,000

    Employee count

    24

    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
    TOPEKA, KS (FHA|USDA|VA) 152 $26,590,000 $174,934 $0 0.00%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 4 $1,180,000 $295,000 $0 0.00%
    MANHATTAN, KS (FHA|USDA|VA) 4 $830,000 $207,500 $0 0.00%
    Newport, OR (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
    Hutchinson, KS (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    LAWRENCE, KS (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    Salina, KS (FHA|USDA|VA) 2 $100,000 $50,000 $0 0.00%
    Community Bank's top markets include Topeka, Kansas City, Manhattan, Newport, and Hutchinson among others.

    Their top states include:
  • Kansas (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 165 $29,275,000 $177,424 $0 0.00%

    For 2019, Community Bank'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 107 $16,145,000 $150,888 $0 0.00%
    Refi 35 $8,075,000 $230,714 $0 0.00%
    Cash Out Refi 17 $4,785,000 $281,471 $0 0.00%
    Other 5 $225,000 $45,000 $0 0.00%
    Home Improvement 1 $45,000 $45,000 $0 0.00%

    For 2019, Community Bank's most frequently cited loan purpose was Home Purchase, with 107 originations. The 2nd most popular reason was Refi, with 35 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 165 $29,275,000 $177,424 $0 0.00%

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

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 61 $17,455,000 $286,148 $0 0.00%
    $100,000 or less 55 $2,765,000 $50,273 $0 0.00%
    $100k-200k 43 $6,405,000 $148,953 $0 0.00%
    $400k-600k 6 $2,650,000 $441,667 $0 0.00%

    2019 saw Community Bank place emphasis on $200k-400k loans with 61 originations, totaling $17,455,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 41 $8,555,000 $208,659 $0 0.00%
    $150k-250k 36 $8,270,000 $229,722 $0 0.00%
    $75k-100k 28 $4,620,000 $165,000 $0 0.00%
    $50k-75k 14 $2,140,000 $152,857 $0 0.00%
    $250k+ 9 $2,535,000 $281,667 $0 0.00%
    $50k or less 8 $490,000 $61,250 $0 0.00%

    Community Bank lent most frequently to those with incomes in the $100k-150k range, with 41 originations. The second most popular income band? $150k-250k, with 36 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 165 $29,275,000 $177,424 $0 0.00%

    Community Bank 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 124 $23,770,000 $191,694 $0 0.00%
    Not applicable 29 $2,665,000 $91,897 $0 0.00%
    American Indian 4 $1,020,000 $255,000 $0 0.00%
    Black 3 $755,000 $251,667 $0 0.00%
    Not provided 3 $715,000 $238,333 $0 0.00%
    Asian 2 $350,000 $175,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.19%

    Community Bank 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
    95.15%

    Community Bank 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 165 $29,275,000 $177,424

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 165 $29,275,000 $177,424

    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 5431 Southwest 29th Street Topeka, KS 66614 Full Service B&M $75,131
    Community Bank 801 Northwest 25th Street Topeka, KS 66618 Full Service B&M $6,510

    For 2019, Community Bank had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $4,393
    Net interest income $3,886
    Total noninterest income $1,000
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $138
    Trading account gains and fees $0
    Additional Noninterest Income $862
    Pre-tax net operating income $2,059
    Securities gains (or losses, -) $13
    Income before extraordinary items $1,599
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,599
    Minority interest net income $0
    Net income $1,599
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,588

    Community Bank's gross interest income from loans was $4,393,000.
    Community Bank's net interest income from loans was $3,886,000.
    Community Bank's fee based income from loans was $138,000.
    Community Bank's net income from loans was $1,599,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $507
    Provision for credit losses $0
    Total noninterest expense $2,827
    Salaries and employee benefits $1,629
    Premises and equipment expense $314
    Additional noninterest expense $884
    Applicable income taxes $473
    Net charge-offs $-68
    Cash dividends $607

    Community Bank's interest expense for loans was $507,000.
    Community Bank's payroll and benefits expense were $1,629,000.
    Community Bank's property, plant and equipment expenses $314,000.

    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 $86,911
    Deposits held in domestic offices $86,911
    Deposits by Individuals, partnerships, and corporations $84,456
    Deposits by U.S. Government $35
    Deposits by States and political subdivisions in the U.S. $1,075
    Deposits by Commercial banks and other depository institutions in U.S. $1,345
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $38,441
    Demand deposits $23,326
    Nontransaction accounts $48,470
    Money market deposit accounts (MMDAs) $2,214
    Other savings deposits (excluding MMDAs) $29,220
    Total time deposits $17,036
    Total time and savings deposits $63,585
    Noninterest-bearing deposits $27,198
    Interest-bearing deposits $59,713
    Retail deposits $83,317
    IRAs and Keogh plan accounts $1,656
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $103,197
    Cash & Balances due from depository institutions $13,900
    Interest-bearing balances $10,696
    Total securities $4,608
    Federal funds sold & reverse repurchase $307
    Net loans and leases $78,783
    Loan and leases loss allowance $1,018
    Trading account assets $0
    Bank premises and fixed assets $2,616
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $2,983

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $103,197
    Total Liabilities $92,618
    Total deposits $86,911
    Interest-bearing deposits $59,713
    Deposits held in domestic offices $86,911
    % insured (estimated) $86
    Federal funds purchased and repurchase agreements $3,487
    Trading liabilities $0
    Other borrowed funds $2,000
    Subordinated debt $0
    All other liabilities $220

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $78,783
    Loan and leases loss allowance $1,018
    Total loans and leases (domestic) $79,801
    All real estate loans $68,781
    Real estate loans in domestic offices $68,781
    Construction and development loans $3,781
    Residential 1-4 family construction $1,703
    Other construction, all land development and other land $2,078
    Loans secured by nonfarm nonresidential properties $31,583
    Nonfarm nonresidential secured by owner-occupied properties $18,315
    Commercial real estate & other non-farm, non-residential $13,268
    Multifamily residential real estate $3,156
    1-4 family residential loans $28,640
    Farmland loans $1,621
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $8,716
    To non-U.S. addressees $0
    Loans to individuals $1,571
    Credit card loans $0
    Related Plans $61
    Consumer Auto Loans $575
    Other loans to individuals $935
    All other loans & leases $733
    Loans to foreign governments and official institutions $0
    Other loans $11
    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 had $78,783,000 of loans outstanding in 2019. $68,781,000 of loans were in real estate loans. $3,781,000 of loans were in development loans. $3,156,000 of loans were in multifamily mortgage loans. $28,640,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $575,000 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 74 $19,064 $257,622
    Nonfarm, nonresidential loans - <$100k 13 $642 $49,385
    Nonfarm, nonresidential loans - $100-250k 24 $2,995 $124,792
    Nonfarm, nonresidential loans - $250k-1MM 37 $15,427 $416,946
    Commercial & Industrial, US addressed loans - <$1MM 155 $7,245 $46,742
    Commercial & Industrial, US addressed loans - <$100k 109 $2,517 $23,092
    Commercial & Industrial, US addressed loans - $100-250k 23 $1,458 $63,391
    Commercial & Industrial, US addressed loans - $250k-1MM 23 $3,270 $142,174
    Farmland loans - <$1MM 7 $1,621 $231,571
    Farmland loans - $100-250k 3 $273 $91,000
    Farmland loans - $250k-1MM 4 $1,348 $337,000