The Commercial Bank Of Grayson Mortgage Rates, Fees & Info

Grayson, KY

LEI: 549300C88V21IBGP5Y54

Tax ID: 61-1051197

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    The Commercial Bank Of Grayson is a smaller bank specializing in Home Purchase loans. The Commercial Bank Of Grayson has a high proportion of conventional loans. Their top two markets are Huntington and Mount Sterling .

    The Commercial Bank Of Grayson has an average approval rate when compared to the average across all 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

    96

    Origination Dollar Volume (All Markets)

    $8,770,000

    Employee count

    52

    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
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 87 $7,435,000 $85,460 $0 0.00%
    Outside of Metro Areas 7 $1,195,000 $170,714 $0 0.00%
    Mount Sterling, KY (FHA|USDA|VA) 2 $140,000 $70,000 $0 0.00%
    The Commercial Bank Of Grayson's top markets include Huntington and Mount Sterling among others.

    Their top states include:
  • Kentucky (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 96 $8,770,000 $91,354 $0 0.00%

    For 2019, The Commercial Bank Of Grayson's most frequently originated type of loan was Conventional, with 96 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 65 $5,645,000 $86,846 $0 0.00%
    Home Improvement 15 $1,475,000 $98,333 $0 0.00%
    Refi 8 $640,000 $80,000 $0 0.00%
    Cash Out Refi 5 $835,000 $167,000 $0 0.00%
    Other 3 $175,000 $58,333 $0 0.00%

    For 2019, The Commercial Bank Of Grayson's most frequently cited loan purpose was Home Purchase, with 65 originations. The 2nd most popular reason was Home Improvement, with 15 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 96 $8,770,000 $91,354 $0 0.00%

    For 2019, The Commercial Bank Of Grayson's most frequently cited loan duration was Other, with 96 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 69 $3,675,000 $53,261 $0 0.00%
    $100k-200k 20 $2,870,000 $143,500 $0 0.00%
    $200k-400k 5 $1,405,000 $281,000 $0 0.00%
    $400k-600k 2 $820,000 $410,000 $0 0.00%

    2019 saw The Commercial Bank Of Grayson place emphasis on $100,000 or less loans with 69 originations, totaling $3,675,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 18 $1,070,000 $59,444 $0 0.00%
    $50k-75k 15 $1,065,000 $71,000 $0 0.00%
    $100k-150k 8 $1,160,000 $145,000 $0 0.00%
    $75k-100k 7 $935,000 $133,571 $0 0.00%
    $250k+ 4 $890,000 $222,500 $0 0.00%
    $150k-250k 3 $715,000 $238,333 $0 0.00%

    The Commercial Bank Of Grayson lent most frequently to those with incomes in the $50k or less range, with 18 originations. The second most popular income band? $50k-75k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 96 $8,770,000 $91,354 $0 0.00%

    The Commercial Bank Of Grayson lent most frequently to those with DTI ratios of Exempt%, with 96 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 57 $6,055,000 $106,228 $0 0.00%
    Not applicable 39 $2,715,000 $69,615 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.95%

    The Commercial Bank Of Grayson has an average approval rate.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 96 $8,770,000 $91,354

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $750,000 $187,500
    Single Family (1-4 Units):Manufactured 11 $605,000 $55,000
    Single Family (1-4 Units):Site-Built 81 $7,415,000 $91,543

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    TJC Mortgage, Inc. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Commercial Bank of Grayson 109 Carol Malone Blvd Grayson, KY 41143 Full Service B&M $23,853
    The Commercial Bank of Grayson 208 East Main Street Grayson, KY 41143 Full Service B&M $78,803
    The Commercial Bank of Grayson Tom T. Hall Boulevard Olive Hill, KY 41164 Full Service B&M $48,850

    For 2019, The Commercial Bank Of Grayson had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $6,854
    Net interest income $6,485
    Total noninterest income $1,208
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $382
    Trading account gains and fees $0
    Additional Noninterest Income $826
    Pre-tax net operating income $1,804
    Securities gains (or losses, -) $-3
    Income before extraordinary items $1,532
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,532
    Minority interest net income $0
    Net income $1,532
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,534

    The Commercial Bank Of Grayson's gross interest income from loans was $6,854,000.
    The Commercial Bank Of Grayson's net interest income from loans was $6,485,000.
    The Commercial Bank Of Grayson's fee based income from loans was $382,000.
    The Commercial Bank Of Grayson's net income from loans was $1,532,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $369
    Provision for credit losses $0
    Total noninterest expense $5,889
    Salaries and employee benefits $3,200
    Premises and equipment expense $531
    Additional noninterest expense $2,158
    Applicable income taxes $269
    Net charge-offs $109
    Cash dividends $1,260

    The Commercial Bank Of Grayson's interest expense for loans was $369,000.
    The Commercial Bank Of Grayson's payroll and benefits expense were $3,200,000.
    The Commercial Bank Of Grayson's property, plant and equipment expenses $531,000.

    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 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 2.0%
    HELOC loans 0.0%
    All other family 2.0%
    Commercial & industrial loans 1.0%
    Personal loans 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 0.0%
    Other consumer loans 2.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $151,388
    Deposits held in domestic offices $151,388
    Deposits by Individuals, partnerships, and corporations $141,715
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $9,673
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $80,491
    Demand deposits $54,249
    Nontransaction accounts $70,897
    Money market deposit accounts (MMDAs) $3,809
    Other savings deposits (excluding MMDAs) $42,678
    Total time deposits $24,411
    Total time and savings deposits $97,139
    Noninterest-bearing deposits $54,249
    Interest-bearing deposits $97,139
    Retail deposits $150,877
    IRAs and Keogh plan accounts $11,387
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $178,804
    Cash & Balances due from depository institutions $14,289
    Interest-bearing balances $7,287
    Total securities $74,276
    Federal funds sold & reverse repurchase $0
    Net loans and leases $85,739
    Loan and leases loss allowance $748
    Trading account assets $0
    Bank premises and fixed assets $2,020
    Other real estate owned $34
    Goodwill and other intangibles $18
    All other assets $2,428

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $178,804
    Total Liabilities $152,312
    Total deposits $151,388
    Interest-bearing deposits $97,139
    Deposits held in domestic offices $151,388
    % insured (estimated) $90
    Federal funds purchased and repurchase agreements $79
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $845

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $85,739
    Loan and leases loss allowance $748
    Total loans and leases (domestic) $86,487
    All real estate loans $57,472
    Real estate loans in domestic offices $57,472
    Construction and development loans $2,423
    Residential 1-4 family construction $477
    Other construction, all land development and other land $1,946
    Loans secured by nonfarm nonresidential properties $24,231
    Nonfarm nonresidential secured by owner-occupied properties $3,050
    Commercial real estate & other non-farm, non-residential $21,181
    Multifamily residential real estate $1,104
    1-4 family residential loans $29,404
    Farmland loans $310
    Loans held in foreign offices $0
    Farm loans $462
    Commercial and industrial loans $13,417
    To non-U.S. addressees $0
    Loans to individuals $13,733
    Credit card loans $0
    Related Plans $423
    Consumer Auto Loans $6,617
    Other loans to individuals $6,693
    All other loans & leases $1,403
    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 $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    The Commercial Bank of Grayson had $85,739,000 of loans outstanding in 2019. $57,472,000 of loans were in real estate loans. $2,423,000 of loans were in development loans. $1,104,000 of loans were in multifamily mortgage loans. $29,404,000 of loans were in 1-4 family mortgage loans. $462,000 of loans were in farm loans. $0 of loans were in credit card loans. $6,617,000 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 161 $17,887 $111,099
    Nonfarm, nonresidential loans - <$100k 106 $4,266 $40,245
    Nonfarm, nonresidential loans - $100-250k 28 $3,554 $126,929
    Nonfarm, nonresidential loans - $250k-1MM 27 $10,067 $372,852
    Commercial & Industrial, US addressed loans - <$1MM 185 $10,472 $56,605
    Commercial & Industrial, US addressed loans - <$100k 141 $3,977 $28,206
    Commercial & Industrial, US addressed loans - $100-250k 35 $3,859 $110,257
    Commercial & Industrial, US addressed loans - $250k-1MM 9 $2,636 $292,889
    Farmland loans - <$1MM 13 $310 $23,846
    Farmland loans - <$100k 13 $310 $23,846
    Agriculture operations loans - <$1MM 36 $462 $12,833
    Agriculture operations loans - <$100k 36 $462 $12,833