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, Refi, and Cash Out Refi loans. Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Topeka, Lawrence, Wichita, Kansas City, and Manhattan among others. We have data for 8 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    330

    Origination Dollar Volume (All Markets)

    $69,420,000

    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) 305 $61,285,000 $200,934 $0 0.00%
    LAWRENCE, KS (FHA|USDA|VA) 11 $3,575,000 $325,000 $0 0.00%
    WICHITA, KS (FHA|USDA|VA) 3 $2,095,000 $698,333 $0 0.00%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 4 $1,260,000 $315,000 $0 0.00%
    MANHATTAN, KS (FHA|USDA|VA) 4 $550,000 $137,500 $0 0.00%
    TULSA, OK (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    Ottawa, KS (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    Community Bank's top markets include Topeka, Lawrence, Wichita, Kansas City, and Manhattan among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 330 $69,420,000 $210,364 $0 0.00%

    For 2020, Community Bank's most frequently originated type of loan was Conventional, with 330 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 126 $20,750,000 $164,683 $0 0.00%
    Refi 117 $27,185,000 $232,350 $0 0.00%
    Cash Out Refi 78 $20,580,000 $263,846 $0 0.00%
    Home Improvement 6 $410,000 $68,333 $0 0.00%
    Other 3 $495,000 $165,000 $0 0.00%

    For 2020, Community Bank's most frequently cited loan purpose was Home Purchase, with 126 originations. The 2nd most popular reason was Refi, with 117 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 330 $69,420,000 $210,364 $0 0.00%

    For 2020, Community Bank's most frequently cited loan duration was Other, with 330 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 141 $39,485,000 $280,035 $0 0.00%
    $100k-200k 83 $12,705,000 $153,072 $0 0.00%
    $100,000 or less 82 $4,120,000 $50,244 $0 0.00%
    $400k-600k 20 $9,100,000 $455,000 $0 0.00%
    $1MM+ 2 $2,640,000 $1,320,000 $0 0.00%
    $600k-1MM 2 $1,370,000 $685,000 $0 0.00%

    2020 saw Community Bank place emphasis on $200k-400k loans with 141 originations, totaling $39,485,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 84 $18,290,000 $217,738 $0 0.00%
    $150k-250k 63 $17,055,000 $270,714 $0 0.00%
    $50k-75k 44 $6,230,000 $141,591 $0 0.00%
    $75k-100k 44 $7,220,000 $164,091 $0 0.00%
    $50k or less 24 $1,730,000 $72,083 $0 0.00%
    $250k+ 22 $8,080,000 $367,273 $0 0.00%

    Community Bank lent most frequently to those with incomes in the $100k-150k range, with 84 originations. The second most popular income band? $150k-250k, with 63 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 330 $69,420,000 $210,364 $0 0.00%

    Community Bank lent most frequently to those with DTI ratios of Exempt%, with 330 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 270 $55,760,000 $206,519 $0 0.00%
    Not applicable 49 $10,815,000 $220,714 $0 0.00%
    Asian 6 $1,430,000 $238,333 $0 0.00%
    American Indian 2 $870,000 $435,000 $0 0.00%
    Black 2 $440,000 $220,000 $0 0.00%
    Not provided 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.14%

    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
    96.97%

    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 330 $69,420,000 $210,364

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $1,995,000 $399,000
    Single Family (1-4 Units):Site-Built 325 $67,425,000 $207,462

    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 5431 Southwest 29th Street Topeka, KS 66614 Full Service B&M $99,622
    Community Bank 801 Northwest 25th Street Topeka, KS 66618 Full Service B&M $6,868

    For 2020, Community Bank had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $5,252
    Net interest income $4,830
    Total noninterest income $2,538
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $124
    Trading account gains and fees $0
    Additional Noninterest Income $2,414
    Pre-tax net operating income $3,873
    Securities gains (or losses, -) $0
    Income before extraordinary items $3,077
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,077
    Minority interest net income $0
    Net income $3,077
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,077

    Community Bank's gross interest income from loans was $5,252,000.
    Community Bank's net interest income from loans was $4,830,000.
    Community Bank's fee based income from loans was $124,000.
    Community Bank's net income from loans was $3,077,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $422
    Provision for credit losses $232
    Total noninterest expense $3,263
    Salaries and employee benefits $1,880
    Premises and equipment expense $313
    Additional noninterest expense $1,070
    Applicable income taxes $796
    Net charge-offs $-5
    Cash dividends $341

    Community Bank's interest expense for loans was $422,000.
    Community Bank's payroll and benefits expense were $1,880,000.
    Community Bank's property, plant and equipment expenses $313,000.

    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 $107,891
    Deposits held in domestic offices $107,891
    Deposits by Individuals, partnerships, and corporations $103,058
    Deposits by U.S. Government $42
    Deposits by States and political subdivisions in the U.S. $1,567
    Deposits by Commercial banks and other depository institutions in U.S. $3,224
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $54,426
    Demand deposits $40,226
    Nontransaction accounts $53,465
    Money market deposit accounts (MMDAs) $1,688
    Other savings deposits (excluding MMDAs) $33,651
    Total time deposits $18,126
    Total time and savings deposits $67,665
    Noninterest-bearing deposits $40,226
    Interest-bearing deposits $67,665
    Retail deposits $104,752
    IRAs and Keogh plan accounts $1,841
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $134,993
    Cash & Balances due from depository institutions $17,031
    Interest-bearing balances $14,455
    Total securities $7,065
    Federal funds sold & reverse repurchase $141
    Net loans and leases $101,513
    Loan and leases loss allowance $1,254
    Trading account assets $0
    Bank premises and fixed assets $2,574
    Other real estate owned $0
    Goodwill and other intangibles $572
    All other assets $6,097

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $134,993
    Total Liabilities $121,650
    Total deposits $107,891
    Interest-bearing deposits $67,665
    Deposits held in domestic offices $107,891
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $4,935
    Trading liabilities $0
    Other borrowed funds $8,676
    Subordinated debt $0
    All other liabilities $148

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $101,513
    Loan and leases loss allowance $1,254
    Total loans and leases (domestic) $102,767
    All real estate loans $77,418
    Real estate loans in domestic offices $77,418
    Construction and development loans $6,184
    Residential 1-4 family construction $3,658
    Other construction, all land development and other land $2,526
    Loans secured by nonfarm nonresidential properties $31,786
    Nonfarm nonresidential secured by owner-occupied properties $17,559
    Commercial real estate & other non-farm, non-residential $14,227
    Multifamily residential real estate $3,055
    1-4 family residential loans $34,443
    Farmland loans $1,950
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $23,190
    To non-U.S. addressees $0
    Loans to individuals $1,531
    Credit card loans $0
    Related Plans $26
    Consumer Auto Loans $742
    Other loans to individuals $763
    All other loans & leases $627
    Loans to foreign governments and official institutions $0
    Other loans $1
    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 $101,513,000 of loans outstanding in 2020. $77,418,000 of loans were in real estate loans. $6,184,000 of loans were in development loans. $3,055,000 of loans were in multifamily mortgage loans. $34,443,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $742,000 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 82 $20,649 $251,817
    Nonfarm, nonresidential loans - <$100k 15 $626 $41,733
    Nonfarm, nonresidential loans - $100-250k 27 $3,560 $131,852
    Nonfarm, nonresidential loans - $250k-1MM 40 $16,463 $411,575
    Commercial & Industrial, US addressed loans - <$1MM 257 $13,144 $51,144
    Commercial & Industrial, US addressed loans - <$100k 192 $4,560 $23,750
    Commercial & Industrial, US addressed loans - $100-250k 38 $3,510 $92,368
    Commercial & Industrial, US addressed loans - $250k-1MM 27 $5,074 $187,926
    Farmland loans - <$1MM 6 $1,119 $186,500
    Farmland loans - $100-250k 3 $247 $82,333
    Farmland loans - $250k-1MM 3 $872 $290,667