Commercial Bank And Trust Of Pa Mortgage Rates, Fees & Info
Latrobe, PALEI: 549300179EG8J5FHBS95
Tax ID: 25-0415360
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Mortgage Data
Bank Data
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 two markets are Pittsburgh and Somerset .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.
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Originations
153Origination Dollar Volume (All Markets)
$30,785,000Employee count
77Top 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) | 148 | $30,020,000 | $202,838 | $0 | 0.00% |
| Somerset, PA (FHA|USDA|VA) | 5 | $765,000 | $153,000 | $0 | 0.00% |
Their top states include:
Similar Lenders
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 153 | $30,785,000 | $201,209 | $0 | 0.00% |
For 2021, Commercial Bank And Trust Of Pa's most frequently originated type of loan was Conventional, with 153 originations.
Loan Reason
For 2021, Commercial Bank And Trust Of Pa's most frequently cited loan purpose was Refi, with 71 originations. The 2nd most popular reason was Home Purchase, with 53 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 153 | $30,785,000 | $201,209 | $0 | 0.00% |
For 2021, Commercial Bank And Trust Of Pa's most frequently cited loan duration was Other, with 153 originations.
Loan Sizing
2021 saw Commercial Bank And Trust Of Pa place emphasis on $100,000 or less loans with 58 originations, totaling $2,970,000 in origination value.
Applicant Income
Commercial Bank And Trust Of Pa lent most frequently to those with incomes in the $50k-75k range, with 36 originations. The second most popular income band? $50k or less, with 31 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 153 | $30,785,000 | $201,209 | $0 | 0.00% |
Commercial Bank And Trust Of Pa lent most frequently to those with DTI ratios of Exempt%, with 153 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications78.76%
Commercial Bank And Trust Of Pa has a below average approval rate.
Pick Rate
Approvals leading to origination83.66%
Commercial Bank And Trust Of Pa has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 153 | $30,785,000 | $201,209 |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| COMMERCE BANK | Conventional home mortgage | Closing on a mortgage | 1 | 33.3% |
| COMMERCE BANK | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 33.3% |
| COMMERCE BANK | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 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 | $41,149 |
| Commercial Bank and Trust of Pa | 11 Terry Way Latrobe, PA 15650 | Full Service B&M | $53,139 |
| Commercial Bank and Trust of Pa | 19 North Main Street Greensburg, PA 15601 | Full Service B&M | $12,018 |
| Commercial Bank and Trust of Pa | 1920 Lincoln Ave Latrobe, PA 15650 | Full Service B&M | $48,784 |
| Commercial Bank and Trust of Pa | 201 West Main Ligonier, PA 15658 | Full Service B&M | $48,381 |
| Commercial Bank and Trust of Pa | 867 Georges Station Road Greensburg, PA 15601 | Full Service B&M | $35,850 |
| Commercial Bank and Trust of Pa | 900 Ligonier Street Latrobe, PA 15650 | Full Service B&M | $100,794 |
| Commercial Bank and Trust of Pa | Routes 130 And 981 Pleasant Unity, PA 15676 | Full Service B&M | $40,066 |
For 2021, Commercial Bank And Trust Of Pa had 8 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $14,506 |
| Net interest income | $14,278 |
| Total noninterest income | $3,347 |
| Gross Fiduciary activities income | $1,505 |
| Service charges on deposit accounts | $125 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $1,717 |
| Pre-tax net operating income | $4,224 |
| Securities gains (or losses, -) | $1,490 |
| Income before extraordinary items | $4,933 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $4,933 |
| Minority interest net income | $0 |
| Net income | $4,933 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $3,651 |
Commercial Bank And Trust Of Pa's gross interest income from loans was $14,506,000.
Commercial Bank And Trust Of Pa's net interest income from loans was $14,278,000.
Commercial Bank And Trust Of Pa's fee based income from loans was $125,000.
Commercial Bank And Trust Of Pa's net income from loans was $4,933,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $228 |
| Provision for credit losses | $550 |
| Total noninterest expense | $12,851 |
| Salaries and employee benefits | $7,306 |
| Premises and equipment expense | $1,171 |
| Additional noninterest expense | $4,374 |
| Applicable income taxes | $781 |
| Net charge-offs | $448 |
| Cash dividends | $5,836 |
Commercial Bank And Trust Of Pa's interest expense for loans was $228,000.
Commercial Bank And Trust Of Pa's payroll and benefits expense were $7,306,000.
Commercial Bank And Trust Of Pa's property, plant and equipment expenses $1,171,000.
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 | $402,812 |
| Deposits held in domestic offices | $402,812 |
| Deposits by Individuals, partnerships, and corporations | $383,831 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $17,927 |
| Deposits by Commercial banks and other depository institutions in U.S. | $1,054 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $52,706 |
| Demand deposits | $38,380 |
| Nontransaction accounts | $350,106 |
| Money market deposit accounts (MMDAs) | $44,716 |
| Other savings deposits (excluding MMDAs) | $269,468 |
| Total time deposits | $35,921 |
| Total time and savings deposits | $364,432 |
| Noninterest-bearing deposits | $167,518 |
| Interest-bearing deposits | $235,294 |
| Retail deposits | $391,389 |
| IRAs and Keogh plan accounts | $8,979 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $471,698 |
| Cash & Balances due from depository institutions | $33,332 |
| Interest-bearing balances | $30,164 |
| Total securities | $194,936 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $214,546 |
| Loan and leases loss allowance | $2,093 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $2,881 |
| Other real estate owned | $3,399 |
| Goodwill and other intangibles | $0 |
| All other assets | $22,604 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $471,698 |
| Total Liabilities | $406,716 |
| Total deposits | $402,812 |
| Interest-bearing deposits | $235,294 |
| Deposits held in domestic offices | $402,812 |
| % insured (estimated) | $77 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $3,904 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $214,546 |
| Loan and leases loss allowance | $2,093 |
| Total loans and leases (domestic) | $216,639 |
| All real estate loans | $205,619 |
| Real estate loans in domestic offices | $205,619 |
| Construction and development loans | $450 |
| Residential 1-4 family construction | $450 |
| Other construction, all land development and other land | $0 |
| Loans secured by nonfarm nonresidential properties | $64,748 |
| Nonfarm nonresidential secured by owner-occupied properties | $18,521 |
| Commercial real estate & other non-farm, non-residential | $46,227 |
| Multifamily residential real estate | $24,729 |
| 1-4 family residential loans | $115,692 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $8,258 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $850 |
| Credit card loans | $0 |
| Related Plans | $251 |
| Consumer Auto Loans | $0 |
| Other loans to individuals | $599 |
| All other loans & leases | $1,912 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $1,084 |
| 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 | $3,045 |
| Non 1-4 family restructured loans & leases | $3,045 |
| Total loans and leases (foreign) | $0 |
Commercial Bank and Trust of PA had $214,546,000 of loans outstanding in 2021. $205,619,000 of loans were in real estate loans. $450,000 of loans were in development loans. $24,729,000 of loans were in multifamily mortgage loans. $115,692,000 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 | 102 | $13,663 | $133,951 |
| Nonfarm, nonresidential loans - <$100k | 37 | $1,124 | $30,378 |
| Nonfarm, nonresidential loans - $100-250k | 28 | $2,973 | $106,179 |
| Nonfarm, nonresidential loans - $250k-1MM | 37 | $9,566 | $258,541 |
| Commercial & Industrial, US addressed loans - <$1MM | 236 | $5,871 | $24,877 |
| Commercial & Industrial, US addressed loans - <$100k | 190 | $2,128 | $11,200 |
| Commercial & Industrial, US addressed loans - $100-250k | 18 | $928 | $51,556 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 28 | $2,815 | $100,536 |