Bank Of Commerce & Trust Co Mortgage Rates, Fees & Info
Crowley, LALEI: 54930080XWOQPR6ST055
Tax ID: 72-0124890
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Bank Of Commerce & Trust Co is a smaller bank specializing in Home Purchase loans. Bank Of Commerce & Trust Co has a high proportion of conventional loans. Their top (well, only) market is Lafayette.Bank Of Commerce & Trust Co has an above 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
21Origination Dollar Volume (All Markets)
$1,745,000Top Markets
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| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| LAFAYETTE, LA (FHA|USDA|VA) | 21 | $1,745,000 | $83,095 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 21 | $1,745,000 | $83,095 | $0 | 0.00% |
For 2024, Bank Of Commerce & Trust Co's most frequently originated type of loan was Conventional, with 21 originations.
Loan Reason
For 2024, Bank Of Commerce & Trust Co's most frequently cited loan purpose was Home Purchase, with 11 originations. The 2nd most popular reason was Home Improvement, with 4 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 21 | $1,745,000 | $83,095 | $0 | 0.00% |
For 2024, Bank Of Commerce & Trust Co's most frequently cited loan duration was Other, with 21 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 16 | $780,000 | $48,750 | $0 | 0.00% |
| $100k-200k | 4 | $550,000 | $137,500 | $0 | 0.00% |
| $400k-600k | 1 | $415,000 | $415,000 | $0 | 0.00% |
2024 saw Bank Of Commerce & Trust Co place emphasis on $100,000 or less loans with 16 originations, totaling $780,000 in origination value.
Applicant Income
Bank Of Commerce & Trust Co lent most frequently to those with incomes in the $100k-150k range, with 5 originations. The second most popular income band? $150k-250k, with 4 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 21 | $1,745,000 | $83,095 | $0 | 0.00% |
Bank Of Commerce & Trust Co lent most frequently to those with DTI ratios of Exempt%, with 21 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 18 | $1,520,000 | $84,444 | $0 | 0.00% |
| Black | 2 | $170,000 | $85,000 | $0 | 0.00% |
| Not applicable | 1 | $55,000 | $55,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications96.15%
Bank Of Commerce & Trust Co has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination80.95%
Bank Of Commerce & Trust Co has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 21 | $1,745,000 | $83,095 |