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

Latrobe, PA

LEI: 549300179EG8J5FHBS95

Tax ID: 25-0415360

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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, Indiana, Dubois, and Johnstown among others. We have data for 5 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.

    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

    174

    Origination Dollar Volume (All Markets)

    $25,810,000

    Employee count

    96

    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) 156 $23,110,000 $148,141 $0 0.00%
    Somerset, PA (FHA|USDA|VA) 13 $1,895,000 $145,769 $0 0.00%
    Indiana, PA (FHA|USDA|VA) 3 $475,000 $158,333 $0 0.00%
    DuBois, PA (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
    JOHNSTOWN, PA (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    Commercial Bank And Trust Of Pa's top markets include Pittsburgh, Somerset, Indiana, Dubois, and Johnstown 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.

    FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION
    Similarity Rank: 52
    TRI BORO
    Similarity Rank: 70
    American Financial Mortgage Corporation
    Similarity Rank: 172
    First Federal Savings and Loan Association of Greene Co
    Similarity Rank: 210
    WELCOME HOME FINANCE, L.P.
    Similarity Rank: 237
    M. S. Flynn, Inc.
    Similarity Rank: 252
    NEW FED MORTGAGE, CORP.
    Similarity Rank: 328
    HANCOCK COUNTY SAVINGS BANK, FSB, INC.
    Similarity Rank: 344
    ARMCO CREDIT UNION
    Similarity Rank: 490
    PENNSYLVANIA STATE EMPLOYEES Credit Union
    Similarity Rank: 494

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 174 $25,810,000 $148,333 $0 0.00%

    For 2019, Commercial Bank And Trust Of Pa's most frequently originated type of loan was Conventional, with 174 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 79 $13,485,000 $170,696 $0 0.00%
    Refi 56 $9,570,000 $170,893 $0 0.00%
    Home Improvement 23 $1,785,000 $77,609 $0 0.00%
    Other 16 $970,000 $60,625 $0 0.00%

    For 2019, Commercial Bank And Trust Of Pa's most frequently cited loan purpose was Home Purchase, with 79 originations. The 2nd most popular reason was Refi, with 56 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 174 $25,810,000 $148,333 $0 0.00%

    For 2019, Commercial Bank And Trust Of Pa's most frequently cited loan duration was Other, with 174 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 80 $4,190,000 $52,375 $0 0.00%
    $100k-200k 58 $8,230,000 $141,897 $0 0.00%
    $200k-400k 26 $6,970,000 $268,077 $0 0.00%
    $400k-600k 7 $3,485,000 $497,857 $0 0.00%
    $600k-1MM 2 $1,540,000 $770,000 $0 0.00%
    $1MM+ 1 $1,395,000 $1,395,000 $0 0.00%

    2019 saw Commercial Bank And Trust Of Pa place emphasis on $100,000 or less loans with 80 originations, totaling $4,190,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 40 $3,880,000 $97,000 $0 0.00%
    $50k or less 33 $2,525,000 $76,515 $0 0.00%
    $100k-150k 25 $4,565,000 $182,600 $0 0.00%
    $75k-100k 25 $2,415,000 $96,600 $0 0.00%
    $150k-250k 14 $3,070,000 $219,286 $0 0.00%
    $250k+ 10 $3,420,000 $342,000 $0 0.00%

    Commercial Bank And Trust Of Pa lent most frequently to those with incomes in the $50k-75k range, with 40 originations. The second most popular income band? $50k or less, with 33 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 174 $25,810,000 $148,333 $0 0.00%

    Commercial Bank And Trust Of Pa lent most frequently to those with DTI ratios of Exempt%, with 174 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 149 $20,185,000 $135,470 $0 0.00%
    Not applicable 25 $5,625,000 $225,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    77.78%

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

    Pick Rate

    Approvals leading to origination
    79.31%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 174 $25,810,000 $148,333

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $3,525,000 $503,571
    Single Family (1-4 Units):Manufactured 1 $55,000 $55,000
    Single Family (1-4 Units):Site-Built 166 $22,230,000 $133,916

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    COMMERCE BANK Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    COMMERCE BANK Other type of mortgage Trouble during payment process 1 50.0%

    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 $27,424
    Commercial Bank and Trust of PA 11 Terry Way Latrobe, PA 15650 Full Service B&M $31,690
    Commercial Bank and Trust of PA 19 North Main Street Greensburg, PA 15601 Full Service B&M $10,212
    Commercial Bank and Trust of PA 1920 Lincoln Ave Latrobe, PA 15650 Full Service B&M $40,293
    Commercial Bank and Trust of PA 201 West Main Ligonier, PA 15658 Full Service B&M $47,696
    Commercial Bank and Trust of PA 867 Georges Station Road Greensburg, PA 15601 Full Service B&M $24,916
    Commercial Bank and Trust of PA 8775 Norwin Avenue North Huntington, PA 15642 Full Service B&M $8,953
    Commercial Bank and Trust of PA 900 Ligonier Street Latrobe, PA 15650 Full Service B&M $94,367
    Commercial Bank and Trust of PA Routes 130 And 981 Pleasant Unity, PA 15676 Full Service B&M $31,496

    For 2019, Commercial Bank And Trust Of Pa had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $16,816
    Net interest income $15,230
    Total noninterest income $2,830
    Gross Fiduciary activities income $1,429
    Service charges on deposit accounts $210
    Trading account gains and fees $0
    Additional Noninterest Income $1,191
    Pre-tax net operating income $5,202
    Securities gains (or losses, -) $68
    Income before extraordinary items $4,713
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,713
    Minority interest net income $0
    Net income $4,713
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,652

    Commercial Bank And Trust Of Pa's gross interest income from loans was $16,816,000.
    Commercial Bank And Trust Of Pa's net interest income from loans was $15,230,000.
    Commercial Bank And Trust Of Pa's fee based income from loans was $210,000.
    Commercial Bank And Trust Of Pa's net income from loans was $4,713,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,586
    Provision for credit losses $0
    Total noninterest expense $12,858
    Salaries and employee benefits $7,552
    Premises and equipment expense $1,152
    Additional noninterest expense $4,154
    Applicable income taxes $557
    Net charge-offs $-25
    Cash dividends $7,267

    Commercial Bank And Trust Of Pa's interest expense for loans was $1,586,000.
    Commercial Bank And Trust Of Pa's payroll and benefits expense were $7,552,000.
    Commercial Bank And Trust Of Pa's property, plant and equipment expenses $1,152,000.

    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 $332,348
    Deposits held in domestic offices $332,348
    Deposits by Individuals, partnerships, and corporations $321,312
    Deposits by U.S. Government $3
    Deposits by States and political subdivisions in the U.S. $10,150
    Deposits by Commercial banks and other depository institutions in U.S. $884
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $41,217
    Demand deposits $32,370
    Nontransaction accounts $291,132
    Money market deposit accounts (MMDAs) $39,328
    Other savings deposits (excluding MMDAs) $199,900
    Total time deposits $51,904
    Total time and savings deposits $299,979
    Noninterest-bearing deposits $133,362
    Interest-bearing deposits $198,986
    Retail deposits $308,136
    IRAs and Keogh plan accounts $8,969
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $419,315
    Cash & Balances due from depository institutions $4,557
    Interest-bearing balances $45
    Total securities $150,838
    Federal funds sold & reverse repurchase $0
    Net loans and leases $237,034
    Loan and leases loss allowance $1,374
    Trading account assets $0
    Bank premises and fixed assets $3,209
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $23,677

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $419,315
    Total Liabilities $356,643
    Total deposits $332,348
    Interest-bearing deposits $198,986
    Deposits held in domestic offices $332,348
    % insured (estimated) $78
    Federal funds purchased and repurchase agreements $2,525
    Trading liabilities $0
    Other borrowed funds $18,321
    Subordinated debt $0
    All other liabilities $3,449

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $237,034
    Loan and leases loss allowance $1,374
    Total loans and leases (domestic) $238,408
    All real estate loans $222,622
    Real estate loans in domestic offices $222,622
    Construction and development loans $553
    Residential 1-4 family construction $296
    Other construction, all land development and other land $257
    Loans secured by nonfarm nonresidential properties $88,164
    Nonfarm nonresidential secured by owner-occupied properties $26,373
    Commercial real estate & other non-farm, non-residential $61,791
    Multifamily residential real estate $20,028
    1-4 family residential loans $113,877
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $12,212
    To non-U.S. addressees $0
    Loans to individuals $1,358
    Credit card loans $0
    Related Plans $356
    Consumer Auto Loans $0
    Other loans to individuals $1,002
    All other loans & leases $2,216
    Loans to foreign governments and official institutions $0
    Other loans $1,008
    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 $136
    Non 1-4 family restructured loans & leases $136
    Total loans and leases (foreign) $0

    Commercial Bank and Trust of PA had $237,034,000 of loans outstanding in 2019. $222,622,000 of loans were in real estate loans. $553,000 of loans were in development loans. $20,028,000 of loans were in multifamily mortgage loans. $113,877,000 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 114 $15,730 $137,982
    Nonfarm, nonresidential loans - <$100k 39 $1,311 $33,615
    Nonfarm, nonresidential loans - $100-250k 33 $3,623 $109,788
    Nonfarm, nonresidential loans - $250k-1MM 42 $10,796 $257,048
    Commercial & Industrial, US addressed loans - <$1MM 284 $10,996 $38,718
    Commercial & Industrial, US addressed loans - <$100k 223 $3,653 $16,381
    Commercial & Industrial, US addressed loans - $100-250k 24 $2,101 $87,542
    Commercial & Industrial, US addressed loans - $250k-1MM 37 $5,242 $141,676