Community Bank Mortgage Rates, Fees & Info

Carmichaels, PA

LEI: 5493008JDUT3R3K1LZ58

Tax ID: 25-0393033

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • 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

    Community Bank is a smaller bank specializing in Home Purchase, Cash Out Refi, and Refi loans. Community Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Pittsburgh, Morgantown, Wheeling, Weirton, and Youngstown among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Community Bank 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. Community Bank 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.46% 4/14/24
    30 Year Conventional Refi 6.15% 4/14/24
    30 Year Cash-out Refi 6.39% 4/14/24
    30 Year USDA Purchase 6.27% 4/14/24
    15 Year Conventional Purchase 6.45% 4/14/24
    15 Year Conventional Refi 5.68% 4/14/24
    15 Year Cash-out Refi 5.68% 4/14/24
    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 Mortgage Calculator






    Your Estimates

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    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    366

    Origination Dollar Volume (All Markets)

    $84,410,000

    Employee count

    200

    Awards

    Community Bank 30 Year Conventional Loans gold Community Bank 30 Year Conventional Loans silver
    Show all (2) awards

    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) 224 $58,850,000 $262,723 $4,071 3.15%
    MORGANTOWN, WV (FHA|USDA|VA) 4 $7,410,000 $1,852,500 $3,070 3.31%
    Outside of Metro Areas 64 $7,150,000 $111,719 $2,457 3.39%
    WHEELING, WV-OH (FHA|USDA|VA) 54 $6,630,000 $122,778 $2,985 3.25%
    WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 10 $1,330,000 $133,000 $1,908 3.55%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 3 $1,255,000 $418,333 $4,118 3.47%
    Clarksburg, WV (FHA|USDA|VA) 2 $570,000 $285,000 $5,873 2.88%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $485,000 $485,000 $0 4.00%
    Indiana, PA (FHA|USDA|VA) 1 $275,000 $275,000 $5,302 2.25%
    Salem, OH (FHA|USDA|VA) 1 $265,000 $265,000 $5,005 3.38%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $105,000 $105,000 $2,953 3.00%
    Elkins, WV (FHA|USDA|VA) 1 $85,000 $85,000 $3,362 2.88%
    Community Bank's top markets include Pittsburgh, Morgantown, Wheeling, Weirton, and Youngstown among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Community Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    TRI BORO
    Similarity Rank: 208
    BAYER HERITAGE
    Similarity Rank: 399
    WELCOME HOME FINANCE, L.P.
    Similarity Rank: 414
    HANCOCK COUNTY SAVINGS BANK, FSB, INC.
    Similarity Rank: 524
    Standard Bank, PaSB
    Similarity Rank: 584
    First Federal Savings and Loan Association of Greene Co
    Similarity Rank: 639
    Clear Mountain Bank
    Similarity Rank: 928
    AmeriServ Financial Bank
    Similarity Rank: 1120
    Community Bank
    Similarity Rank: 1344
    InFirst Bank
    Similarity Rank: 1450

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 364 $84,150,000 $231,181 $3,561 3.22%
    USDA 2 $260,000 $130,000 $4,825 2.75%

    For 2021, Community Bank's most frequently originated type of loan was Conventional, with 364 originations. Their 2nd most popular type was USDA, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 131 $39,095,000 $298,435 $5,651 3.14%
    Cash Out Refi 114 $23,930,000 $209,912 $2,361 3.33%
    Refi 77 $18,585,000 $241,364 $3,651 2.88%
    Home Improvement 29 $1,365,000 $47,069 $664 3.75%
    Other 15 $1,435,000 $95,667 $1,440 3.82%

    For 2021, Community Bank's most frequently cited loan purpose was Home Purchase, with 131 originations. The 2nd most popular reason was Cash Out Refi, with 114 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 117 $26,075,000 $222,863 $4,275 3.01%
    15 Year 97 $16,785,000 $173,041 $2,697 3.24%
    10 Year 47 $12,255,000 $260,745 $989 3.42%
    20 Year 43 $5,955,000 $138,488 $2,540 3.39%
    30+ year 31 $14,905,000 $480,806 $9,378 3.06%
    Other 28 $7,780,000 $277,857 $1,884 3.57%
    5 Year 3 $655,000 $218,333 $684 3.54%

    For 2021, Community Bank's most frequently cited loan duration was 30 Year, with 117 originations. The 2nd most popular length was 15 Year, with 97 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 226 $33,390,000 $147,743
    $2k-3k 51 $18,465,000 $362,059
    $1k-2k 50 $6,760,000 $135,200
    $3k-4k 3 $1,195,000 $398,333
    $5k+ 3 $3,145,000 $1,048,333
    $4k-5k 1 $395,000 $395,000

    Community Bank's average total fees were $4,275, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 226 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 150 $34,420,000 $229,467
    3-4% 140 $39,460,000 $281,857
    4-5% 42 $4,770,000 $113,571
    <2.5% 34 $5,760,000 $169,412

    During 2021, Community Bank's average interest rate for loans was 3.01%, while their most frequently originated rate bucket for loans was 2.5-3%, with 150 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 124 $7,280,000 $58,710 $1,531 3.51%
    $100k-200k 104 $14,790,000 $142,212 $3,077 3.11%
    $200k-400k 96 $27,070,000 $281,979 $4,768 2.95%
    $400k-600k 28 $13,600,000 $485,714 $7,970 3.17%
    $600k-1MM 8 $6,350,000 $793,750 $13,512 3.38%
    $1MM+ 6 $15,320,000 $2,553,333 $19,653 3.54%

    2021 saw Community Bank place emphasis on $100,000 or less loans with 124 originations, totaling $7,280,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 73 $16,745,000 $229,384 $4,218 3.05%
    $50k or less 68 $5,180,000 $76,176 $2,076 3.36%
    $75k-100k 64 $9,310,000 $145,469 $3,090 3.18%
    $50k-75k 56 $5,780,000 $103,214 $2,267 3.20%
    $150k-250k 55 $16,335,000 $297,000 $5,246 3.10%
    $250k+ 18 $8,900,000 $494,444 $7,144 2.96%

    Community Bank lent most frequently to those with incomes in the $100k-150k range, with 73 originations. The second most popular income band? $50k or less, with 68 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 116 $24,420,000 $210,517 $4,042 3.09%
    30-36% 87 $15,495,000 $178,103 $3,206 3.24%
    <20% 71 $11,875,000 $167,254 $3,138 3.10%
    36% 14 $2,280,000 $162,857 $3,277 3.63%
    38% 9 $1,225,000 $136,111 $2,417 3.43%
    39% 6 $1,320,000 $220,000 $7,189 2.94%
    40% 5 $705,000 $141,000 $2,780 3.26%
    37% 5 $905,000 $181,000 $3,419 3.33%
    41% 3 $825,000 $275,000 $5,271 2.75%
    42% 3 $1,275,000 $425,000 $5,688 2.83%
    50-60% 2 $200,000 $100,000 $2,931 3.25%
    >60% 2 $280,000 $140,000 $2,285 3.25%
    43% 2 $230,000 $115,000 $562 3.63%
    44% 1 $145,000 $145,000 $3,228 3.00%
    46% 1 $305,000 $305,000 $3,895 2.88%

    Community Bank lent most frequently to those with DTI ratios of 20-30%, with 116 originations. The next most common DTI ratio? 30-36%, with 87 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 324 $61,610,000 $190,154 $3,558 3.19%
    Not applicable 23 $19,355,000 $841,522 $0 3.87%
    Not provided 16 $3,070,000 $191,875 $3,718 2.97%
    Asian 2 $320,000 $160,000 $4,106 2.63%
    American Indian 1 $55,000 $55,000 $3,143 3.00%

    Approval Rates

    Total approvals of all applications
    83.58%

    Community Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    83.61%

    Community Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 366 $84,410,000 $230,628

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    366 $84,410,000 $230,628

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 51 $4,515,000 $88,529 $1,416 3.45%
    40-60% 67 $10,185,000 $152,015 $2,910 3.14%
    60-80% 139 $44,315,000 $318,813 $3,909 3.22%
    80-100% 88 $24,010,000 $272,841 $5,493 3.06%
    Under 20% 20 $1,090,000 $54,500 $833 3.66%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    COMMUNITY BANK SYSTEM, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    COMMUNITY BANK SYSTEM, INC. Home equity loan or line of credit (HELOC) Closing on a mortgage 1 50.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Community Bank 100 Market Street Carmichaels, PA 15320 Full Service B&M $162,897
    Community Bank 100 Miller Lane Franklin Township, PA 15370 Full Service B&M $76,987
    Community Bank 1670 Broad Avenue Belle Vernon, PA 15012 Full Service B&M $118,833
    Community Bank 1701 Warwood Avenue Wheeling, WV 26003 Full Service B&M $90,346
    Community Bank 1993 S Eighty Eight Rd Greensboro, PA 15338 Limited, Drive-thru $0
    Community Bank 200 Main Street Claysville, PA 15323 Full Service B&M $70,949
    Community Bank 3 South Locust Street Buckhannon, WV 26201 Full Service B&M $52,544
    Community Bank 30 West Greene Street Waynesburg, PA 15370 Full Service B&M $157,083
    Community Bank 301 Oak Spring Road, Washington Mall Washington, PA 15301 Limited, Drive-thru $1,566
    Community Bank 4139 Washington Road Mcmurray, PA 15317 Full Service B&M $124,152
    Community Bank 425 Third Street New Martinsville, WV 26155 Full Service B&M $37,757
    Community Bank 545 West Main Street Uniontown, PA 15401 Full Service B&M $48,516
    Community Bank 590 National Road Wheeling, WV 26003 Limited, Administrative $0
    Community Bank 600 Evergreene Drive Waynesburg, PA 15370 Full Service Cyber Office $175
    Community Bank 714 Brookline Boulevard Pittsburgh, PA 15226 Full Service B&M $34,928
    Community Bank 809 Lafayette Avenue Moundsville, WV 26041 Full Service B&M $46,076
    Community Bank 875 National Road Wheeling, WV 26003 Full Service B&M $98,478
    Community Bank 90 West Chestnut Street Washington, PA 15301 Full Service B&M $152,190

    For 2021, Community Bank had 18 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $43,487
    Net interest income $40,119
    Total noninterest income $16,014
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $825
    Trading account gains and fees $0
    Additional Noninterest Income $15,189
    Pre-tax net operating income $14,147
    Securities gains (or losses, -) $196
    Income before extraordinary items $11,282
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $11,282
    Minority interest net income $0
    Net income $11,282
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $11,127

    Community Bank's gross interest income from loans was $43,487,000.
    Community Bank's net interest income from loans was $40,119,000.
    Community Bank's fee based income from loans was $825,000.
    Community Bank's net income from loans was $11,282,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,368
    Provision for credit losses $-1,125
    Total noninterest expense $43,111
    Salaries and employee benefits $19,938
    Premises and equipment expense $6,296
    Additional noninterest expense $16,877
    Applicable income taxes $3,061
    Net charge-offs $64
    Cash dividends $5,175

    Community Bank's interest expense for loans was $3,368,000.
    Community Bank's payroll and benefits expense were $19,938,000.
    Community Bank's property, plant and equipment expenses $6,296,000.

    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 1.0%
    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 $1,245,155
    Deposits held in domestic offices $1,245,155
    Deposits by Individuals, partnerships, and corporations $1,036,329
    Deposits by U.S. Government $7
    Deposits by States and political subdivisions in the U.S. $208,391
    Deposits by Commercial banks and other depository institutions in U.S. $428
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $126,507
    Demand deposits $78,798
    Nontransaction accounts $1,118,648
    Money market deposit accounts (MMDAs) $192,125
    Other savings deposits (excluding MMDAs) $790,483
    Total time deposits $136,040
    Total time and savings deposits $1,166,357
    Noninterest-bearing deposits $404,317
    Interest-bearing deposits $840,838
    Retail deposits $1,205,817
    IRAs and Keogh plan accounts $31,124
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,423,613
    Cash & Balances due from depository institutions $119,649
    Interest-bearing balances $59,468
    Total securities $223,098
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,009,214
    Loan and leases loss allowance $11,582
    Trading account assets $0
    Bank premises and fixed assets $19,073
    Other real estate owned $36
    Goodwill and other intangibles $15,756
    All other assets $36,787

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,423,613
    Total Liabilities $1,297,350
    Total deposits $1,245,155
    Interest-bearing deposits $840,838
    Deposits held in domestic offices $1,245,155
    % insured (estimated) $73
    Federal funds purchased and repurchase agreements $39,266
    Trading liabilities $0
    Other borrowed funds $3,000
    Subordinated debt $0
    All other liabilities $9,929

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,009,214
    Loan and leases loss allowance $11,582
    Total loans and leases (domestic) $1,020,796
    All real estate loans $788,998
    Real estate loans in domestic offices $788,998
    Construction and development loans $85,028
    Residential 1-4 family construction $7,215
    Other construction, all land development and other land $77,813
    Loans secured by nonfarm nonresidential properties $304,365
    Nonfarm nonresidential secured by owner-occupied properties $81,511
    Commercial real estate & other non-farm, non-residential $222,854
    Multifamily residential real estate $78,829
    1-4 family residential loans $320,759
    Farmland loans $17
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $80,795
    To non-U.S. addressees $0
    Loans to individuals $122,152
    Credit card loans $0
    Related Plans $4,114
    Consumer Auto Loans $115,427
    Other loans to individuals $2,611
    All other loans & leases $28,851
    Loans to foreign governments and official institutions $0
    Other loans $17,167
    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 $2,303
    Non 1-4 family restructured loans & leases $1,690
    Total loans and leases (foreign) $0

    Community Bank had $1,009,214,000 of loans outstanding in 2021. $788,998,000 of loans were in real estate loans. $85,028,000 of loans were in development loans. $78,829,000 of loans were in multifamily mortgage loans. $320,759,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $115,427,000 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 258 $56,402 $218,612
    Nonfarm, nonresidential loans - <$100k 64 $2,509 $39,203
    Nonfarm, nonresidential loans - $100-250k 80 $9,101 $113,763
    Nonfarm, nonresidential loans - $250k-1MM 114 $44,792 $392,912
    Commercial & Industrial, US addressed loans - <$1MM 394 $37,114 $94,198
    Commercial & Industrial, US addressed loans - <$100k 258 $7,006 $27,155
    Commercial & Industrial, US addressed loans - $100-250k 71 $6,845 $96,408
    Commercial & Industrial, US addressed loans - $250k-1MM 65 $23,263 $357,892
    Farmland loans - <$1MM 1 $17 $17,000
    Farmland loans - <$100k 1 $17 $17,000