Commercial Bank And Trust Of Pa Mortgage Rates, Fees & Info

Latrobe, PA

LEI: 549300179EG8J5FHBS95

Tax ID: 25-0415360

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • 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

    Commercial Bank And Trust Of Pa is a smaller bank specializing in Home Purchase and Refi loans. Commercial Bank And Trust Of Pa has a high proportion of conventional loans. Their top markets by origination volume include: Pittsburgh, Somerset, and Indiana among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Commercial Bank And Trust Of Pa has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Commercial Bank And Trust Of Pa is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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

    186

    Origination Dollar Volume (All Markets)

    $32,050,000

    Employee count

    96 Show all (6) awards

    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
    PITTSBURGH, PA (FHA|USDA|VA) 168 $29,540,000 $175,833 $1,628 4.40%
    Somerset, PA (FHA|USDA|VA) 15 $2,215,000 $147,667 $2,346 4.43%
    Indiana, PA (FHA|USDA|VA) 3 $295,000 $98,333 $1,349 3.87%
    Commercial Bank And Trust Of Pa's top markets include Pittsburgh, Somerset, and Indiana among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Commercial Bank and Trust of PA based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Westmoreland Federal Savings
    Similarity Rank: 12
    TRI BORO
    Similarity Rank: 25
    Commercial Bank and Trust of PA
    Similarity Rank: 69
    HANCOCK COUNTY SAVINGS BANK, FSB, INC.
    Similarity Rank: 88
    West View Savings Bank
    Similarity Rank: 102
    First Federal Savings and Loan Association of Greene Co
    Similarity Rank: 152
    M. S. Flynn, Inc.
    Similarity Rank: 204
    WELCOME HOME FINANCE, L.P.
    Similarity Rank: 348
    PENNSYLVANIA STATE EMPLOYEES Credit Union
    Similarity Rank: 570
    The Farmers National Bank of Emlenton
    Similarity Rank: 700

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 186 $32,050,000 $172,312 $1,688 4.40%

    For 2018, Commercial Bank And Trust Of Pa's most frequently originated type of loan was Conventional, with 186 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 90 $19,990,000 $222,111 $2,588 4.42%
    Refi 54 $9,620,000 $178,148 $1,365 4.38%
    Other 26 $1,420,000 $54,615 $420 4.38%
    Home Improvement 16 $1,020,000 $63,750 $197 4.38%

    For 2018, Commercial Bank And Trust Of Pa's most frequently cited loan purpose was Home Purchase, with 90 originations. The 2nd most popular reason was Refi, with 54 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 62 $10,750,000 $173,387 $2,428 4.48%
    15 Year 33 $4,185,000 $126,818 $1,637 3.93%
    20 Year 31 $3,305,000 $106,613 $1,091 4.49%
    10 Year 27 $3,605,000 $133,519 $305 4.56%
    5 Year 27 $8,715,000 $322,778 $114 4.54%
    30+ year 5 $1,315,000 $263,000 $5,820 4.37%
    Other 1 $175,000 $175,000 $4,199 4.25%

    For 2018, Commercial Bank And Trust Of Pa's most frequently cited loan duration was 30 Year, with 62 originations. The 2nd most popular length was 15 Year, with 33 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 3 $535,000 $178,333
    $3k-4k 2 $650,000 $325,000
    $2k-3k 1 $305,000 $305,000

    Commercial Bank And Trust Of Pa's average total fees were $2,428, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 3 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 134 $24,690,000 $184,254
    3-4% 44 $4,800,000 $109,091
    5-6% 8 $2,560,000 $320,000

    During 2018, Commercial Bank And Trust Of Pa's average interest rate for loans was 4.48%, while their most frequently originated rate bucket for loans was 4-5%, with 134 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 84 $4,480,000 $53,333 $779 4.35%
    $100k-200k 61 $8,915,000 $146,148 $1,998 4.35%
    $200k-400k 32 $8,530,000 $266,563 $3,377 4.49%
    $1MM+ 5 $7,625,000 $1,525,000 $0 5.00%
    $600k-1MM 3 $2,085,000 $695,000 $4,743 4.67%
    $400k-600k 1 $415,000 $415,000 $3,385 4.75%

    2018 saw Commercial Bank And Trust Of Pa place emphasis on $100,000 or less loans with 84 originations, totaling $4,480,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 44 $4,350,000 $98,864 $1,379 4.42%
    $50k or less 44 $3,350,000 $76,136 $1,421 4.25%
    $75k-100k 34 $5,120,000 $150,588 $1,896 4.37%
    $100k-150k 30 $5,120,000 $170,667 $2,066 4.32%
    $150k-250k 10 $1,580,000 $158,000 $2,062 4.35%
    $250k+ 7 $1,945,000 $277,857 $2,372 4.43%

    Commercial Bank And Trust Of Pa lent most frequently to those with incomes in the $50k-75k range, with 44 originations. The second most popular income band? $50k or less, with 44 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 49 $5,975,000 $121,939 $1,581 4.38%
    30-36% 42 $5,010,000 $119,286 $1,690 4.37%
    <20% 41 $4,765,000 $116,220 $1,431 4.19%
    38% 8 $1,150,000 $143,750 $2,560 4.28%
    36% 7 $1,125,000 $160,714 $1,741 4.40%
    37% 6 $1,020,000 $170,000 $1,943 4.23%
    39% 6 $840,000 $140,000 $1,941 4.50%
    40% 3 $625,000 $208,333 $2,052 4.53%
    43% 2 $280,000 $140,000 $1,392 4.50%
    42% 1 $305,000 $305,000 $7,425 4.60%
    44% 1 $55,000 $55,000 $1,863 3.95%
    45% 1 $285,000 $285,000 $2,441 4.75%
    47% 1 $25,000 $25,000 $92 4.60%
    49% 1 $75,000 $75,000 $0 5.50%

    Commercial Bank And Trust Of Pa lent most frequently to those with DTI ratios of 20-30%, with 49 originations. The next most common DTI ratio? 30-36%, with 42 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 171 $22,525,000 $131,725 $1,702 4.35%
    Not applicable 12 $9,240,000 $770,000 $0 5.13%
    Filipino 1 $175,000 $175,000 $2,392 4.00%
    American Indian 1 $85,000 $85,000 $352 4.00%
    Chinese 1 $25,000 $25,000 $117 4.30%

    Approval Rates

    Total approvals of all applications
    74.39%

    Commercial Bank And Trust Of Pa has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    84.41%

    Commercial Bank And Trust Of Pa has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 186 $32,050,000 $172,312

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $255,000 $255,000
    Multifamily:Site-Built 11 $9,905,000 $900,455
    Single Family (1-4 Units):Manufactured 4 $340,000 $85,000
    Single Family (1-4 Units):Site-Built 170 $21,550,000 $126,765

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 23 $1,365,000 $59,348 $573 4.26%
    40-60% 18 $2,690,000 $149,444 $1,259 4.23%
    60-80% 40 $10,840,000 $271,000 $2,100 4.46%
    80-100% 82 $16,410,000 $200,122 $2,425 4.44%
    Under 20% 23 $745,000 $32,391 $182 4.40%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    COMMERCE BANK VA mortgage Trouble during payment process 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Commercial Bank and Trust of PA 109 E Main Street West Newton, PA 15089 Full Service B&M $26,606
    Commercial Bank and Trust of PA 11 Terry Way Latrobe, PA 15650 Full Service B&M $32,598
    Commercial Bank and Trust of PA 19 North Main Street Greensburg, PA 15601 Full Service B&M $12,907
    Commercial Bank and Trust of PA 1920 Lincoln Ave Latrobe, PA 15650 Full Service B&M $43,186
    Commercial Bank and Trust of PA 201 West Main Ligonier, PA 15658 Full Service B&M $44,812
    Commercial Bank and Trust of PA 867 Georges Station Road Greensburg, PA 15601 Full Service B&M $22,882
    Commercial Bank and Trust of PA 8775 Norwin Avenue North Huntington, PA 15642 Full Service B&M $8,841
    Commercial Bank and Trust of PA 900 Ligonier Street Latrobe, PA 15650 Full Service B&M $92,906
    Commercial Bank and Trust of PA Routes 130 And 981 Pleasant Unity, PA 15676 Full Service B&M $31,500

    For 2018, Commercial Bank And Trust Of Pa had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $15,888
    Net interest income $14,697
    Total noninterest income $2,759
    Gross Fiduciary activities income $1,305
    Service charges on deposit accounts $223
    Trading account gains and fees $0
    Additional Noninterest Income $1,231
    Pre-tax net operating income $4,726
    Securities gains (or losses, -) $-11
    Income before extraordinary items $4,357
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,357
    Minority interest net income $0
    Net income $4,357
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,367

    Commercial Bank And Trust Of Pa's gross interest income from loans was $15,888,000.
    Commercial Bank And Trust Of Pa's net interest income from loans was $14,697,000.
    Commercial Bank And Trust Of Pa's fee based income from loans was $223,000.
    Commercial Bank And Trust Of Pa's net income from loans was $4,357,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,191
    Provision for credit losses $0
    Total noninterest expense $12,730
    Salaries and employee benefits $7,273
    Premises and equipment expense $1,210
    Additional noninterest expense $4,247
    Applicable income taxes $358
    Net charge-offs $-99
    Cash dividends $2,975

    Commercial Bank And Trust Of Pa's interest expense for loans was $1,191,000.
    Commercial Bank And Trust Of Pa's payroll and benefits expense were $7,273,000.
    Commercial Bank And Trust Of Pa's property, plant and equipment expenses $1,210,000.

    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 $325,919
    Deposits held in domestic offices $325,919
    Deposits by Individuals, partnerships, and corporations $311,601
    Deposits by U.S. Government $3
    Deposits by States and political subdivisions in the U.S. $12,457
    Deposits by Commercial banks and other depository institutions in U.S. $1,858
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $45,870
    Demand deposits $34,292
    Nontransaction accounts $280,049
    Money market deposit accounts (MMDAs) $36,463
    Other savings deposits (excluding MMDAs) $190,072
    Total time deposits $53,515
    Total time and savings deposits $291,627
    Noninterest-bearing deposits $128,585
    Interest-bearing deposits $197,334
    Retail deposits $303,007
    IRAs and Keogh plan accounts $9,731
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $419,362
    Cash & Balances due from depository institutions $5,701
    Interest-bearing balances $59
    Total securities $159,741
    Federal funds sold & reverse repurchase $0
    Net loans and leases $226,398
    Loan and leases loss allowance $1,349
    Trading account assets $0
    Bank premises and fixed assets $2,714
    Other real estate owned $46
    Goodwill and other intangibles $0
    All other assets $24,762

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $419,362
    Total Liabilities $360,057
    Total deposits $325,919
    Interest-bearing deposits $197,334
    Deposits held in domestic offices $325,919
    % insured (estimated) $79
    Federal funds purchased and repurchase agreements $800
    Trading liabilities $0
    Other borrowed funds $32,022
    Subordinated debt $0
    All other liabilities $1,316

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $226,398
    Loan and leases loss allowance $1,349
    Total loans and leases (domestic) $227,747
    All real estate loans $210,871
    Real estate loans in domestic offices $210,871
    Construction and development loans $2,227
    Residential 1-4 family construction $1,598
    Other construction, all land development and other land $629
    Loans secured by nonfarm nonresidential properties $84,324
    Nonfarm nonresidential secured by owner-occupied properties $22,905
    Commercial real estate & other non-farm, non-residential $61,419
    Multifamily residential real estate $20,355
    1-4 family residential loans $103,965
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $13,081
    To non-U.S. addressees $0
    Loans to individuals $1,406
    Credit card loans $0
    Related Plans $354
    Consumer Auto Loans $0
    Other loans to individuals $1,052
    All other loans & leases $2,389
    Loans to foreign governments and official institutions $0
    Other loans $930
    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 $151
    Non 1-4 family restructured loans & leases $151
    Total loans and leases (foreign) $0

    Commercial Bank and Trust of PA had $226,398,000 of loans outstanding in 2018. $210,871,000 of loans were in real estate loans. $2,227,000 of loans were in development loans. $20,355,000 of loans were in multifamily mortgage loans. $103,965,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 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 125 $17,673 $141,384
    Nonfarm, nonresidential loans - <$100k 41 $1,347 $32,854
    Nonfarm, nonresidential loans - $100-250k 38 $3,817 $100,447
    Nonfarm, nonresidential loans - $250k-1MM 46 $12,509 $271,935
    Commercial & Industrial, US addressed loans - <$1MM 300 $12,300 $41,000
    Commercial & Industrial, US addressed loans - <$100k 229 $3,895 $17,009
    Commercial & Industrial, US addressed loans - $100-250k 29 $2,160 $74,483
    Commercial & Industrial, US addressed loans - $250k-1MM 42 $6,245 $148,690