Community Bank Of Mississippi Mortgage Rates, Fees & Info
Forest, MSLEI: 5493005QK4NV0ZZ5EM64
Tax ID: 64-0154830
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Bank Data
Review & Overview
Community Bank Of Mississippi is a smaller bank specializing in Home Purchase and Refi loans. Community Bank Of Mississippi has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Jackson, Gulfport, Hattiesburg, Memphis, and Laurel among others. We have data for 37 markets. (Some data included below & more in-depth data is available with an active subscription.)Community Bank Of Mississippi 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. Community Bank Of Mississippi 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
---|---|---|
Home Equity Line of Credit (HELOC) | 6.27% | 11/17/24 |
30 Year Conventional Purchase | 6.66% | 11/17/24 |
30 Year Conventional Refi | 6.61% | 11/17/24 |
30 Year Cash-out Refi | 6.85% | 11/17/24 |
30 Year FHA Purchase | 7.19% | 11/17/24 |
30 Year FHA Refi | 7.32% | 11/17/24 |
30 Year VA Purchase | 6.30% | 11/17/24 |
30 Year VA Refi | 6.20% | 11/17/24 |
30 Year USDA Purchase | 6.60% | 11/17/24 |
15 Year Conventional Purchase | 6.18% | 11/17/24 |
15 Year Conventional Refi | 6.29% | 11/17/24 |
15 Year Cash-out Refi | 6.29% | 11/17/24 |
15 Year VA Refi | 6.57% | 11/17/24 |
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. |
Community Bank Of Mississippi Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
4,030Origination Dollar Volume (All Markets)
$577,460,000Employee count
798 Show all (23) awardsCommunity Bank of Mississippi - 2018
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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 |
---|---|---|---|---|---|
JACKSON, MS (FHA|USDA|VA) | 860 | $142,430,000 | $165,616 | $3,542 | 4.72% |
GULFPORT-BILOXI, MS (FHA|USDA|VA) | 480 | $68,300,000 | $142,292 | $3,147 | 5.01% |
Outside of Metro Areas | 595 | $56,255,000 | $94,546 | $2,012 | 5.63% |
HATTIESBURG, MS (FHA|USDA|VA) | 280 | $40,730,000 | $145,464 | $2,782 | 5.05% |
MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 269 | $40,505,000 | $150,576 | $3,818 | 4.95% |
Laurel, MS (FHA|USDA|VA) | 417 | $39,605,000 | $94,976 | $2,029 | 5.70% |
Tupelo, MS (FHA|USDA|VA) | 284 | $37,450,000 | $131,866 | $2,284 | 4.79% |
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 111 | $36,745,000 | $331,036 | $3,782 | 4.64% |
MOBILE, AL (FHA|USDA|VA) | 229 | $33,345,000 | $145,611 | $2,842 | 4.60% |
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 149 | $30,285,000 | $203,255 | $3,535 | 4.63% |
PANAMA CITY, FL (FHA|USDA|VA) | 73 | $14,735,000 | $201,849 | $4,403 | 5.18% |
Meridian, MS (FHA|USDA|VA) | 102 | $12,160,000 | $119,216 | $1,759 | 5.44% |
Starkville, MS (FHA|USDA|VA) | 19 | $5,755,000 | $302,895 | $2,137 | 5.47% |
Indianola, MS (FHA|USDA|VA) | 83 | $5,005,000 | $60,301 | $2,050 | 5.52% |
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 13 | $3,365,000 | $258,846 | $4,051 | 4.79% |
Oxford, MS (FHA|USDA|VA) | 23 | $3,345,000 | $145,435 | $3,070 | 5.12% |
Picayune, MS (FHA|USDA|VA) | 7 | $1,695,000 | $242,143 | $2,312 | 5.16% |
Greenville, MS (FHA|USDA|VA) | 9 | $885,000 | $98,333 | $3,372 | 4.96% |
Columbus, MS (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $4,466 | 4.88% |
Jasper, AL (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $2,091 | 5.25% |
MONTGOMERY, AL (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $3,111 | 5.10% |
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $10,000 | 4.25% |
Greenwood, MS (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $0 | 4.33% |
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,520 | 4.75% |
Cleveland, MS (FHA|USDA|VA) | 3 | $255,000 | $85,000 | $2,451 | 4.80% |
Clarksdale, MS (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 4.95% |
DOTHAN, AL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 1.90% |
Opelousas, LA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 5.50% |
Grenada, MS (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 6.25% |
McComb, MS (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $2,007 | 5.85% |
TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 4.90% |
Paragould, AR (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,106 | 4.75% |
Vicksburg, MS (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $675 | 5.88% |
Mountain Home, AR (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $796 | 5.25% |
Atmore, AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,201 | 4.88% |
TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.25% |
Corinth, MS (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 5.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against Community Bank of Mississippi based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2018, Community Bank Of Mississippi's most frequently originated type of loan was Conventional, with 2,826 originations. Their 2nd most popular type was HELOC, with 621 originations.
Loan Reason
For 2018, Community Bank Of Mississippi's most frequently cited loan purpose was Home Purchase, with 2,061 originations. The 2nd most popular reason was Refi, with 1,476 originations.
Loan Duration/Length
For 2018, Community Bank Of Mississippi's most frequently cited loan duration was 30 Year, with 1,346 originations. The 2nd most popular length was Other, with 1,134 originations.
Origination Fees/Closing Costs
Community Bank Of Mississippi's average total fees were $3,731, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,663 originations.
Interest Rates
During 2018, Community Bank Of Mississippi's average interest rate for loans was 4.64%, while their most frequently originated rate bucket for loans was 4-5%, with 1,582 originations.
Loan Sizing
2018 saw Community Bank Of Mississippi place emphasis on $100,000 or less loans with 1,882 originations, totaling $91,210,000 in origination value.
Applicant Income
Community Bank Of Mississippi lent most frequently to those with incomes in the $50k-75k range, with 841 originations. The second most popular income band? $50k or less, with 779 originations.
Applicant Debt to Income Ratio
Community Bank Of Mississippi lent most frequently to those with DTI ratios of 20-30%, with 635 originations. The next most common DTI ratio? 30-36%, with 531 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.49%
Community Bank Of Mississippi has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination90.50%
Community Bank Of Mississippi has an average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 4,030 | $577,460,000 | $143,290 |
Occupancy Type Mix
LTV Distribution
Complaints
Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
---|---|---|---|---|
Community Lending of America, Inc. | VA mortgage | Closing on a mortgage | 1 | 100.0% |
Bank Details
Branches
Bank Name | Branch | Branch Type | Deposits (000's) |
---|---|---|---|
Community Bank of Mississippi | 100 Richard Jackson Boulevard, Suite 100 Panama City Beach, FL 32407 | Full Service B&M | $69,387 |
Community Bank of Mississippi | 111 I-65 Service Road Mobile, AL 36608 | Full Service B&M | $36,454 |
Community Bank of Mississippi | 12036 Highway 49 Gulfport, MS 39503 | Full Service B&M | $48,957 |
Community Bank of Mississippi | 1255 West Government Street Brandon, MS 39042 | Full Service B&M | $188,064 |
Community Bank of Mississippi | 12590 Emerald Coast Parkway Miramar Beach, FL 32550 | Full Service B&M | $114,396 |
Community Bank of Mississippi | 1317 North Gloster Tupelo, MS 38804 | Full Service B&M | $77,123 |
Community Bank of Mississippi | 140 East Metro Flowood, MS 39232 | Full Service B&M | $146,630 |
Community Bank of Mississippi | 147 Highway 82 Indianola, MS 38751 | Full Service B&M | $90,964 |
Community Bank of Mississippi | 1665 Lakeland Drive Jackson, MS 39216 | Full Service B&M | $40,859 |
Community Bank of Mississippi | 1871 Spillway Road Brandon, MS 39047 | Full Service B&M | $29,203 |
Community Bank of Mississippi | 2015 East Pass Road Gulfport, MS 39506 | Full Service B&M | $55,941 |
Community Bank of Mississippi | 210 Mimosa Drive Raleigh, MS 39153 | Full Service B&M | $62,582 |
Community Bank of Mississippi | 2157 Highway 15 North Laurel, MS 39440 | Full Service B&M | $0 |
Community Bank of Mississippi | 2314 Bienville Blvd Ocean Springs, MS 39564 | Full Service B&M | $90,593 |
Community Bank of Mississippi | 23797 Alabama Highway 98 Daphne, AL 36526 | Full Service B&M | $33,507 |
Community Bank of Mississippi | 2441 Old Brandon Road Pearl, MS 39208 | Full Service B&M | $59,139 |
Community Bank of Mississippi | 300 Jessamine Street Ellisville, MS 39437 | Full Service B&M | $100,218 |
Community Bank of Mississippi | 302 22nd Avenue Meridian, MS 39301 | Full Service B&M | $154,651 |
Community Bank of Mississippi | 307 West Main Street Tupelo, MS 38804 | Full Service B&M | $549 |
Community Bank of Mississippi | 323 East Third Street Forest, MS 39074 | Full Service B&M | $218,509 |
Community Bank of Mississippi | 3419 Market Street Pascagoula, MS 39567 | Full Service B&M | $28,456 |
Community Bank of Mississippi | 345 East James Lee Boulevard Crestview, FL 32539 | Full Service B&M | $34,108 |
Community Bank of Mississippi | 3537 Sangani Blvd Diberville, MS 39540 | Full Service B&M | $61,949 |
Community Bank of Mississippi | 431 St. Frances Street Leakesville, MS 39451 | Full Service B&M | $32,205 |
Community Bank of Mississippi | 475 East Commerce Street Hernando, MS 38632 | Full Service B&M | $46,393 |
Community Bank of Mississippi | 5010 Hardy Street Hattiesburg, MS 39402 | Full Service B&M | $125,395 |
Community Bank of Mississippi | 5012 Highway 39 North Meridian, MS 39301 | Full Service B&M | $44,935 |
Community Bank of Mississippi | 5110 Main Street Lucedale, MS 39452 | Full Service B&M | $45,216 |
Community Bank of Mississippi | 5159 Highway 84 West Laurel, MS 39440 | Full Service B&M | $22,702 |
Community Bank of Mississippi | 6095 Highway 49 South Hattiesburg, MS 39401 | Full Service B&M | $29,140 |
Community Bank of Mississippi | 6158 Old Canton Road Jackson, MS 39211 | Full Service B&M | $45,896 |
Community Bank of Mississippi | 6305 Highway 405 Olive Branch, MS 38654 | Full Service B&M | $52,333 |
Community Bank of Mississippi | 6465 North Quail Hollow Road Memphis, TN 38120 | Full Service B&M | $7,250 |
Community Bank of Mississippi | 6587 Airport Boulevard Mobile, AL 36608 | Full Service B&M | $54,020 |
Community Bank of Mississippi | 677 Dr. Martin Luther King Jr. Boulevard Biloxi, MS 39530 | Full Service B&M | $64,482 |
Community Bank of Mississippi | 6910 Airways Blvd Southaven, MS 38671 | Full Service B&M | $70,361 |
Community Bank of Mississippi | 751 Lake Harbour Drive Ridgeland, MS 39157 | Full Service B&M | $62,400 |
Community Bank of Mississippi | 804 Main Street Ellisville, MS 39437 | Limited, Drive-thru | $0 |
Community Bank of Mississippi | 813 Estella Street Fairhope, AL 36532 | Full Service B&M | $48,417 |
Community Bank of Mississippi | 900 North Main Street Amory, MS 38821 | Full Service B&M | $149,304 |
Community Bank of Mississippi | 902 Highway 278 East Amory, MS 38821 | Limited, Drive-thru | $0 |
Community Bank of Mississippi | 909 North 16th Aveue Laurel, MS 39440 | Full Service B&M | $177,153 |
Community Bank of Mississippi | 998 Highway 51 Madison, MS 39110 | Full Service B&M | $44,444 |
Community Bank of Mississippi | U.S. Highway 11 Sandersville, MS 39477 | Full Service B&M | $0 |
For 2018, Community Bank Of Mississippi had 44 branches.
Yearly Performance Overview
Bank Income
Item | Value (in 000's) |
---|---|
Total interest income | $134,798 |
Net interest income | $112,630 |
Total noninterest income | $18,509 |
Gross Fiduciary activities income | $0 |
Service charges on deposit accounts | $9,353 |
Trading account gains and fees | $0 |
Additional Noninterest Income | $9,156 |
Pre-tax net operating income | $37,274 |
Securities gains (or losses, -) | $0 |
Income before extraordinary items | $28,765 |
Discontinued Operations (Extraordinary gains, net) | $0 |
Net income of bank and minority interests | $28,765 |
Minority interest net income | $0 |
Net income | $28,765 |
Sale, conversion, retirement of capital stock, net | $390 |
Net operating income | $28,765 |
Community Bank Of Mississippi's gross interest income from loans was $134,798,000.
Community Bank Of Mississippi's net interest income from loans was $112,630,000.
Community Bank Of Mississippi's fee based income from loans was $9,353,000.
Community Bank Of Mississippi's net income from loans was $28,765,000.
Bank Expenses
Item | Value (in 000's) |
---|---|
Total interest expense | $22,168 |
Provision for credit losses | $2,614 |
Total noninterest expense | $91,251 |
Salaries and employee benefits | $56,480 |
Premises and equipment expense | $11,543 |
Additional noninterest expense | $23,228 |
Applicable income taxes | $8,509 |
Net charge-offs | $2,982 |
Cash dividends | $15,000 |
Community Bank Of Mississippi's interest expense for loans was $22,168,000.
Community Bank Of Mississippi's payroll and benefits expense were $56,480,000.
Community Bank Of Mississippi's property, plant and equipment expenses $11,543,000.
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 | 1.0% |
Credit card loans | 0.0% |
Other individual loans | 1.0% |
Auto loans | 1.0% |
Other consumer loans | 1.0% |
Unsecured commercial real estate loans | 0.0% |
Deposits
Type | Value (in 000's) |
---|---|
Total deposits | $2,928,158 |
Deposits held in domestic offices | $2,928,158 |
Deposits by Individuals, partnerships, and corporations | $2,650,386 |
Deposits by U.S. Government | $266 |
Deposits by States and political subdivisions in the U.S. | $267,427 |
Deposits by Commercial banks and other depository institutions in U.S. | $10,079 |
Deposits by Banks in foreign countries | $0 |
Deposits by Foreign governments and official institutions | $0 |
Transaction accounts | $280,731 |
Demand deposits | $156,605 |
Nontransaction accounts | $2,647,427 |
Money market deposit accounts (MMDAs) | $1,346,684 |
Other savings deposits (excluding MMDAs) | $169,634 |
Total time deposits | $1,131,109 |
Total time and savings deposits | $2,771,553 |
Noninterest-bearing deposits | $156,605 |
Interest-bearing deposits | $2,771,553 |
Retail deposits | $2,627,459 |
IRAs and Keogh plan accounts | $145,421 |
Brokered deposits | $0 |
Deposits held in foreign offices | $0 |
Assets
Asset | Value (in 000's) |
---|---|
Total Assets | $3,239,014 |
Cash & Balances due from depository institutions | $184,382 |
Interest-bearing balances | $144,803 |
Total securities | $676,393 |
Federal funds sold & reverse repurchase | $0 |
Net loans and leases | $2,177,039 |
Loan and leases loss allowance | $20,317 |
Trading account assets | $0 |
Bank premises and fixed assets | $100,717 |
Other real estate owned | $12,608 |
Goodwill and other intangibles | $17,945 |
All other assets | $69,930 |
Liabilities
Liabilities | Value (in 000's) |
---|---|
Total liabilities and capital | $3,239,014 |
Total Liabilities | $2,963,300 |
Total deposits | $2,928,158 |
Interest-bearing deposits | $2,771,553 |
Deposits held in domestic offices | $2,928,158 |
% insured (estimated) | $77 |
Federal funds purchased and repurchase agreements | $3,367 |
Trading liabilities | $0 |
Other borrowed funds | $14,493 |
Subordinated debt | $0 |
All other liabilities | $17,282 |
Issued Loan Types
Type | Value (in 000's) |
---|---|
Net loans and leases | $2,177,039 |
Loan and leases loss allowance | $20,317 |
Total loans and leases (domestic) | $2,197,356 |
All real estate loans | $1,897,390 |
Real estate loans in domestic offices | $1,897,390 |
Construction and development loans | $252,957 |
Residential 1-4 family construction | $77,883 |
Other construction, all land development and other land | $175,074 |
Loans secured by nonfarm nonresidential properties | $537,659 |
Nonfarm nonresidential secured by owner-occupied properties | $338,705 |
Commercial real estate & other non-farm, non-residential | $198,954 |
Multifamily residential real estate | $43,406 |
1-4 family residential loans | $867,325 |
Farmland loans | $196,043 |
Loans held in foreign offices | $0 |
Farm loans | $1,993 |
Commercial and industrial loans | $203,690 |
To non-U.S. addressees | $0 |
Loans to individuals | $94,283 |
Credit card loans | $0 |
Related Plans | $3,185 |
Consumer Auto Loans | $22,377 |
Other loans to individuals | $68,721 |
All other loans & leases | $0 |
Loans to foreign governments and official institutions | $0 |
Other loans | $0 |
Loans to depository institutions and acceptances of other banks | $0 |
Loans not secured by real estate | $51 |
Loans secured by real estate to non-U.S. addressees | $0 |
Restructured Loans & leases | $1,791 |
Non 1-4 family restructured loans & leases | $1,549 |
Total loans and leases (foreign) | $0 |
Community Bank of Mississippi had $2,177,039,000 of loans outstanding in 2018. $1,897,390,000 of loans were in real estate loans. $252,957,000 of loans were in development loans. $43,406,000 of loans were in multifamily mortgage loans. $867,325,000 of loans were in 1-4 family mortgage loans. $1,993,000 of loans were in farm loans. $0 of loans were in credit card loans. $22,377,000 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 | 1,586 | $301,420 | $190,050 |
Nonfarm, nonresidential loans - <$100k | 405 | $18,142 | $44,795 |
Nonfarm, nonresidential loans - $100-250k | 564 | $69,908 | $123,950 |
Nonfarm, nonresidential loans - $250k-1MM | 617 | $213,370 | $345,818 |
Commercial & Industrial, US addressed loans - <$1MM | 3,471 | $145,799 | $42,005 |
Commercial & Industrial, US addressed loans - <$100k | 2,932 | $58,784 | $20,049 |
Commercial & Industrial, US addressed loans - $100-250k | 384 | $40,501 | $105,471 |
Commercial & Industrial, US addressed loans - $250k-1MM | 155 | $46,514 | $300,090 |
Farmland loans - <$1MM | 398 | $33,819 | $84,972 |
Farmland loans - <$100k | 230 | $7,888 | $34,296 |
Farmland loans - $100-250k | 110 | $12,838 | $116,709 |
Farmland loans - $250k-1MM | 58 | $13,093 | $225,741 |
Agriculture operations loans - <$1MM | 63 | $1,993 | $31,635 |
Agriculture operations loans - <$100k | 58 | $1,152 | $19,862 |
Agriculture operations loans - $100-250k | 2 | $163 | $81,500 |
Agriculture operations loans - $250k-1MM | 3 | $678 | $226,000 |