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 Refi and Home Purchase 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.

    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

    150

    Origination Dollar Volume (All Markets)

    $27,480,000

    Employee count

    80

    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) 142 $25,950,000 $182,746 $0 0.00%
    Somerset, PA (FHA|USDA|VA) 7 $1,355,000 $193,571 $0 0.00%
    Indiana, PA (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    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.

    FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION
    Similarity Rank: 189
    M. S. Flynn, Inc.
    Similarity Rank: 236
    TRI BORO
    Similarity Rank: 264
    WELCOME HOME FINANCE, L.P.
    Similarity Rank: 456
    First Federal Savings and Loan Association of Greene Co
    Similarity Rank: 623
    NEW FED MORTGAGE, CORP.
    Similarity Rank: 644
    ARMCO CREDIT UNION
    Similarity Rank: 645
    HANCOCK COUNTY SAVINGS BANK, FSB, INC.
    Similarity Rank: 670
    PRINCETON FINANCIAL LLC
    Similarity Rank: 754
    Standard Bank, PaSB
    Similarity Rank: 756

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 150 $27,480,000 $183,200 $0 0.00%

    For 2020, Commercial Bank And Trust Of Pa's most frequently originated type of loan was Conventional, with 150 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 70 $13,260,000 $189,429 $0 0.00%
    Home Purchase 67 $13,845,000 $206,642 $0 0.00%
    Home Improvement 8 $220,000 $27,500 $0 0.00%
    Other 5 $155,000 $31,000 $0 0.00%

    For 2020, Commercial Bank And Trust Of Pa's most frequently cited loan purpose was Refi, with 70 originations. The 2nd most popular reason was Home Purchase, with 67 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 150 $27,480,000 $183,200 $0 0.00%

    For 2020, Commercial Bank And Trust Of Pa's most frequently cited loan duration was Other, with 150 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 57 $8,345,000 $146,404 $0 0.00%
    $100,000 or less 49 $2,665,000 $54,388 $0 0.00%
    $200k-400k 33 $9,415,000 $285,303 $0 0.00%
    $400k-600k 7 $3,345,000 $477,857 $0 0.00%
    $1MM+ 2 $2,210,000 $1,105,000 $0 0.00%
    $600k-1MM 2 $1,500,000 $750,000 $0 0.00%

    2020 saw Commercial Bank And Trust Of Pa place emphasis on $100k-200k loans with 57 originations, totaling $8,345,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 32 $3,910,000 $122,188 $0 0.00%
    $75k-100k 24 $3,980,000 $165,833 $0 0.00%
    $50k or less 21 $1,555,000 $74,048 $0 0.00%
    $100k-150k 19 $3,525,000 $185,526 $0 0.00%
    $150k-250k 11 $4,245,000 $385,909 $0 0.00%
    $250k+ 8 $3,470,000 $433,750 $0 0.00%

    Commercial Bank And Trust Of Pa lent most frequently to those with incomes in the $50k-75k range, with 32 originations. The second most popular income band? $75k-100k, with 24 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 150 $27,480,000 $183,200 $0 0.00%

    Commercial Bank And Trust Of Pa lent most frequently to those with DTI ratios of Exempt%, with 150 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 115 $20,685,000 $179,870 $0 0.00%
    Not applicable 35 $6,795,000 $194,143 $0 0.00%

    Approval Rates

    Total approvals of all applications
    72.77%

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

    Pick Rate

    Approvals leading to origination
    86.00%

    Commercial Bank And Trust Of Pa has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 150 $27,480,000 $183,200

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 11 $4,865,000 $442,273
    Single Family (1-4 Units):Manufactured 2 $230,000 $115,000
    Single Family (1-4 Units):Site-Built 137 $22,385,000 $163,394

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    COMMERCE BANK Conventional home mortgage Closing on a mortgage 2 66.7%
    COMMERCE BANK Home equity loan or line of credit (HELOC) Trouble during payment process 1 33.3%

    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 $29,976
    Commercial Bank and Trust of Pa 11 Terry Way Latrobe, PA 15650 Full Service B&M $37,129
    Commercial Bank and Trust of Pa 19 North Main Street Greensburg, PA 15601 Full Service B&M $12,208
    Commercial Bank and Trust of Pa 1920 Lincoln Ave Latrobe, PA 15650 Full Service B&M $43,057
    Commercial Bank and Trust of Pa 201 West Main Ligonier, PA 15658 Full Service B&M $46,327
    Commercial Bank and Trust of Pa 867 Georges Station Road Greensburg, PA 15601 Full Service B&M $27,991
    Commercial Bank and Trust of Pa 8775 Norwin Avenue North Huntington, PA 15642 Full Service B&M $9,291
    Commercial Bank and Trust of Pa 900 Ligonier Street Latrobe, PA 15650 Full Service B&M $102,921
    Commercial Bank and Trust of Pa Routes 130 And 981 Pleasant Unity, PA 15676 Full Service B&M $36,088

    For 2020, Commercial Bank And Trust Of Pa had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $16,048
    Net interest income $15,498
    Total noninterest income $3,384
    Gross Fiduciary activities income $1,396
    Service charges on deposit accounts $138
    Trading account gains and fees $0
    Additional Noninterest Income $1,850
    Pre-tax net operating income $6,016
    Securities gains (or losses, -) $558
    Income before extraordinary items $5,717
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,717
    Minority interest net income $0
    Net income $5,717
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,231

    Commercial Bank And Trust Of Pa's gross interest income from loans was $16,048,000.
    Commercial Bank And Trust Of Pa's net interest income from loans was $15,498,000.
    Commercial Bank And Trust Of Pa's fee based income from loans was $138,000.
    Commercial Bank And Trust Of Pa's net income from loans was $5,717,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $550
    Provision for credit losses $400
    Total noninterest expense $12,466
    Salaries and employee benefits $7,435
    Premises and equipment expense $1,158
    Additional noninterest expense $3,873
    Applicable income taxes $857
    Net charge-offs $-217
    Cash dividends $2,975

    Commercial Bank And Trust Of Pa's interest expense for loans was $550,000.
    Commercial Bank And Trust Of Pa's payroll and benefits expense were $7,435,000.
    Commercial Bank And Trust Of Pa's property, plant and equipment expenses $1,158,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 5.0%
    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 $351,400
    Deposits held in domestic offices $351,400
    Deposits by Individuals, partnerships, and corporations $340,359
    Deposits by U.S. Government $8
    Deposits by States and political subdivisions in the U.S. $9,796
    Deposits by Commercial banks and other depository institutions in U.S. $1,237
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $44,702
    Demand deposits $32,050
    Nontransaction accounts $306,698
    Money market deposit accounts (MMDAs) $35,033
    Other savings deposits (excluding MMDAs) $234,496
    Total time deposits $37,169
    Total time and savings deposits $319,350
    Noninterest-bearing deposits $148,399
    Interest-bearing deposits $203,001
    Retail deposits $339,986
    IRAs and Keogh plan accounts $8,667
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $425,169
    Cash & Balances due from depository institutions $28,340
    Interest-bearing balances $24,596
    Total securities $133,317
    Federal funds sold & reverse repurchase $0
    Net loans and leases $239,089
    Loan and leases loss allowance $1,991
    Trading account assets $0
    Bank premises and fixed assets $2,937
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $21,486

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $425,169
    Total Liabilities $355,990
    Total deposits $351,400
    Interest-bearing deposits $203,001
    Deposits held in domestic offices $351,400
    % insured (estimated) $82
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $301
    Subordinated debt $0
    All other liabilities $4,289

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $239,089
    Loan and leases loss allowance $1,991
    Total loans and leases (domestic) $241,080
    All real estate loans $220,529
    Real estate loans in domestic offices $220,529
    Construction and development loans $787
    Residential 1-4 family construction $558
    Other construction, all land development and other land $229
    Loans secured by nonfarm nonresidential properties $77,780
    Nonfarm nonresidential secured by owner-occupied properties $20,178
    Commercial real estate & other non-farm, non-residential $57,602
    Multifamily residential real estate $22,565
    1-4 family residential loans $119,397
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $17,409
    To non-U.S. addressees $0
    Loans to individuals $1,177
    Credit card loans $0
    Related Plans $314
    Consumer Auto Loans $0
    Other loans to individuals $863
    All other loans & leases $1,966
    Loans to foreign governments and official institutions $0
    Other loans $951
    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 $7,151
    Non 1-4 family restructured loans & leases $7,151
    Total loans and leases (foreign) $0

    Commercial Bank and Trust of PA had $239,089,000 of loans outstanding in 2020. $220,529,000 of loans were in real estate loans. $787,000 of loans were in development loans. $22,565,000 of loans were in multifamily mortgage loans. $119,397,000 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 113 $16,166 $143,062
    Nonfarm, nonresidential loans - <$100k 38 $1,254 $33,000
    Nonfarm, nonresidential loans - $100-250k 32 $3,672 $114,750
    Nonfarm, nonresidential loans - $250k-1MM 43 $11,240 $261,395
    Commercial & Industrial, US addressed loans - <$1MM 330 $11,884 $36,012
    Commercial & Industrial, US addressed loans - <$100k 265 $4,760 $17,962
    Commercial & Industrial, US addressed loans - $100-250k 31 $2,853 $92,032
    Commercial & Industrial, US addressed loans - $250k-1MM 34 $4,271 $125,618