Commercial Bank Of Texas Mortgage Rates, Fees & Info

Nacogdoches, TX

LEI: 549300M16XETIG2Z5N24

Tax ID: 75-0203352

5 stars - out of 5 stars, based on 31 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Commercial Bank Of Texas is a smaller bank specializing in Home Purchase and Refi loans. Commercial Bank Of Texas has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets include Dallas, Lufkin, Nacogdoches, Palestine, and Houston among others. Commercial Bank Of Texas has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Commercial Bank Of Texas is typically an average fee lendor.


Originations

990

Origination Dollar Volume (All Markets)

$227,940,000

Employee count

218 Show all (6) awards

Relative Rate

Commercial Bank Of Texas's average 30 year fixed rate mortgage of loans were 3.19%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.04%.

Relative Fees

Commercial Bank Of Texas's average total fees for a 30 year fixed rate mortgage are $4,209.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 168 $59,250,000 $352,679 $5,114 3.21%
Lufkin, TX (FHA|USDA|VA) 271 $53,935,000 $199,022 $3,797 3.54%
Nacogdoches, TX (FHA|USDA|VA) 229 $43,995,000 $192,118 $3,699 3.39%
Outside of Metro Areas 129 $29,135,000 $225,853 $3,928 3.35%
Palestine, TX (FHA|USDA|VA) 74 $9,950,000 $134,459 $3,450 3.62%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 30 $7,390,000 $246,333 $4,159 3.26%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 13 $4,955,000 $381,154 $4,589 2.88%
TYLER, TX (FHA|USDA|VA) 9 $2,405,000 $267,222 $4,823 3.17%
Jacksonville, TX (FHA|USDA|VA) 8 $1,930,000 $241,250 $3,897 3.30%
Sulphur Springs, TX (FHA|USDA|VA) 4 $1,480,000 $370,000 $4,803 3.84%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 4 $1,210,000 $302,500 $4,838 3.00%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 5 $1,205,000 $241,000 $3,830 3.15%
LONGVIEW, TX (FHA|USDA|VA) 4 $1,170,000 $292,500 $3,502 3.06%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 3 $995,000 $331,667 $4,540 2.88%
Granbury, TX (FHA|USDA|VA) 4 $980,000 $245,000 $3,634 2.94%
Fredericksburg, TX (FHA|USDA|VA) 1 $765,000 $765,000 $0 3.50%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $685,000 $685,000 $6,640 3.50%
Montrose, CO (FHA|USDA|VA) 1 $645,000 $645,000 $2,414 3.75%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $585,000 $585,000 $4,102 3.75%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 3 $515,000 $171,667 $2,822 2.88%
Bonham, TX (FHA|USDA|VA) 2 $510,000 $255,000 $2,696 3.63%
SHERMAN-DENISON, TX (FHA|USDA|VA) 4 $490,000 $122,500 $3,131 3.25%
ABILENE, TX (FHA|USDA|VA) 3 $465,000 $155,000 $4,179 3.21%
NAPA, CA (FHA|USDA|VA) 1 $385,000 $385,000 $2,492 2.99%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $375,000 $375,000 $0 3.13%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $325,000 $325,000 $3,188 2.50%
Athens, TX (FHA|USDA|VA) 2 $300,000 $150,000 $4,469 3.62%
MIDLAND, TX (FHA|USDA|VA) 1 $235,000 $235,000 $0 3.50%
OCALA, FL (FHA|USDA|VA) 1 $205,000 $205,000 $2,375 2.75%
NEW BERN, NC (FHA|USDA|VA) 1 $185,000 $185,000 $2,094 2.88%
LUBBOCK, TX (FHA|USDA|VA) 1 $185,000 $185,000 $7,045 2.63%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $175,000 $175,000 $4,010 3.25%
HINESVILLE, GA (FHA|USDA|VA) 1 $155,000 $155,000 $5,938 3.99%
Brownwood, TX (FHA|USDA|VA) 1 $145,000 $145,000 $3,695 2.38%
WACO, TX (FHA|USDA|VA) 1 $135,000 $135,000 $2,782 3.25%
Rockport, TX (FHA|USDA|VA) 1 $125,000 $125,000 $2,052 5.75%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $125,000 $125,000 $3,566 2.75%
Paris, TX (FHA|USDA|VA) 2 $120,000 $60,000 $2,445 4.44%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $95,000 $95,000 $3,119 3.38%
Corsicana, TX (FHA|USDA|VA) 1 $25,000 $25,000 $0 5.75%

Commercial Bank Of Texas's top markets include Dallas, Lufkin, Nacogdoches, Palestine, and Houston among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 935 $215,965,000 $230,979 $3,828 3.43%
FHA 36 $6,640,000 $184,444 $6,960 2.87%
VA 19 $5,335,000 $280,789 $6,060 2.58%

For the 2021 period, Commercial Bank Of Texas's most frequently originated loan type of loans were Conventional, with 935 originations. Their 2nd most popular type is FHA, with 36 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 519 $125,415,000 $241,647 $4,511 3.52%
Refi 236 $54,530,000 $231,059 $3,221 2.98%
Cash Out Refi 186 $39,840,000 $214,194 $3,922 3.44%
Other 37 $6,825,000 $184,459 $3,757 3.81%
Home Improvement 12 $1,330,000 $110,833 $2,455 4.33%

For the 2021, Commercial Bank Of Texas's most frequently cited loan purpose of loans were Home Purchase, with 519 originations. The 2nd most popular reason of loans were Refi, with 236 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 597 $146,875,000 $246,022 $4,209 3.19%
15 Year 197 $34,815,000 $176,726 $3,400 3.28%
20 Year 138 $27,670,000 $200,507 $2,962 4.10%
Other 31 $12,095,000 $390,161 $7,600 4.33%
10 Year 21 $2,655,000 $126,429 $2,745 4.17%
30+ year 4 $3,500,000 $875,000 $13,588 3.66%
1 Year 1 $305,000 $305,000 $5,146 4.75%
5 Year 1 $25,000 $25,000 $373 3.50%

For the 2021, Commercial Bank Of Texas's most frequently cited loan length of loans were 30 Year, with 597 originations. The 2nd most popular length of loans were 15 Year, with 197 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 750 $162,950,000 $217,267
$1k-2k 73 $18,895,000 $258,836
$2k-3k 17 $6,085,000 $357,941
$3k-4k 9 $4,805,000 $533,889
$5k+ 6 $10,690,000 $1,781,667

$4,209 of loans were Commercial Bank Of Texas's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 750 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 429 $101,655,000 $236,958
2.5-3% 308 $78,160,000 $253,766
4-5% 143 $23,205,000 $162,273
<2.5% 77 $21,675,000 $281,494
5-6% 29 $2,695,000 $92,931
6-7% 3 $425,000 $141,667

During 2021, Commercial Bank Of Texas's average interest rate of loans were 3.19%, while their most frequently originated rate bucket of loans were 3-4%, with 429 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 379 $56,115,000 $148,061 $3,537 3.42%
$200k-400k 366 $100,350,000 $274,180 $4,128 3.17%
$100,000 or less 150 $10,270,000 $68,467 $2,561 4.01%
$400k-600k 73 $35,965,000 $492,671 $5,256 3.10%
$600k-1MM 12 $8,410,000 $700,833 $6,394 3.68%
$1MM+ 10 $16,830,000 $1,683,000 $22,165 3.24%

2021 saw Commercial Bank Of Texas place emphasis on $100k-200k loans with 379 originations, totaling $56,115,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 250 $56,980,000 $227,920 $3,988 3.31%
$50k-75k 201 $30,705,000 $152,761 $3,558 3.40%
$75k-100k 158 $32,290,000 $204,367 $3,729 3.34%
$150k-250k 122 $38,420,000 $314,918 $4,077 3.27%
$50k or less 110 $13,500,000 $122,727 $3,391 3.54%
$250k+ 79 $38,725,000 $490,190 $7,068 3.32%

Commercial Bank Of Texas lent most frequently to those with incomes in the $100k-150k range, with 250 originations. The second most popular income band? $50k-75k, with 201 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 218 $49,990,000 $229,312 $3,987 3.34%
30-36% 170 $38,000,000 $223,529 $3,757 3.43%
<20% 109 $24,605,000 $225,734 $3,909 3.54%
41% 41 $10,555,000 $257,439 $4,431 3.22%
38% 41 $9,505,000 $231,829 $3,910 3.30%
37% 39 $8,555,000 $219,359 $3,745 3.22%
43% 38 $8,810,000 $231,842 $3,963 3.27%
39% 37 $9,245,000 $249,865 $3,887 3.41%
44% 32 $6,060,000 $189,375 $3,693 3.30%
42% 31 $6,785,000 $218,871 $4,205 3.45%
36% 31 $7,105,000 $229,194 $3,862 3.45%
40% 31 $7,255,000 $234,032 $3,703 3.24%
49% 24 $5,840,000 $243,333 $4,222 2.91%
46% 22 $5,120,000 $232,727 $5,189 3.02%
47% 19 $4,145,000 $218,158 $4,256 3.08%
45% 18 $4,050,000 $225,000 $3,808 3.35%
50-60% 17 $5,595,000 $329,118 $6,723 3.57%
48% 13 $2,965,000 $228,077 $4,014 3.06%
>60% 7 $975,000 $139,286 $2,180 3.88%

Commercial Bank Of Texas lent most frequently to those with DTI ratios of 20-30%, with 218 originations. The next most common DTI ratio? 30-36%, with 170 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 761 $169,555,000 $222,806 $3,915 3.35%
Not provided 120 $27,290,000 $227,417 $3,951 3.32%
Not applicable 54 $13,570,000 $251,296 $5,796 4.18%
Asian 27 $11,505,000 $426,111 $6,453 3.35%
Black 22 $3,610,000 $164,091 $3,782 3.62%
American Indian 4 $1,350,000 $337,500 $5,009 3.47%
Asian Indian 1 $1,005,000 $1,005,000 $13,728 3.00%
Other Asian 1 $55,000 $55,000 $2,146 4.75%

Approval Rates

Total approvals of all applications
83.85%

Commercial Bank Of Texas has a below average approval rate.

Pick Rate

Approvals leading to origination
79.71%

Commercial Bank Of Texas has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
113.0 1 $45,000 $45,000
63.0 1 $45,000 $45,000
NA 988 $227,850,000 $230,617

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
990 $227,940,000 $230,242

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 50 $7,660,000 $153,200 $3,143 3.36%
40-60% 154 $31,940,000 $207,403 $3,679 3.20%
60-80% 416 $107,540,000 $258,510 $4,041 3.46%
80-100% 351 $78,215,000 $222,835 $4,236 3.40%
Over 100% 5 $1,375,000 $275,000 $12,876 3.23%
Under 20% 14 $1,210,000 $86,429 $2,520 3.76%

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 of Texas, National Association 600 South First Street Lufkin, TX 75901 Full Service B&M $152,232
Commercial Bank of Texas, National Association 102 West Columbia San Augustine, TX 75972 Full Service B&M $57,812
Commercial Bank of Texas, National Association 107 Quitman Street Emory, TX 75440 Full Service B&M $92,825
Commercial Bank of Texas, National Association 109 West Parker St Elkhart, TX 75839 Full Service B&M $46,937
Commercial Bank of Texas, National Association 1219 W Mcdermott Drive Allen, TX 75013 Full Service Retail $26,976
Commercial Bank of Texas, National Association 1523 W. Frank Ave. Lufkin, TX 75901 Full Service B&M $42,695
Commercial Bank of Texas, National Association 1629 North University Nacogdoches, TX 75961 Full Service B&M $26,932
Commercial Bank of Texas, National Association 1716 Forest Ridge Bedford, TX 76022 Full Service B&M $37,880
Commercial Bank of Texas, National Association 1901 Tulane Lufkin, TX 75901 Full Service B&M $61,712
Commercial Bank of Texas, National Association 201 S. Hwy 78 Farmersville, TX 75442 Full Service B&M $23,182
Commercial Bank of Texas, National Association 201 South Mill Street Lewisville, TX 75057 Full Service B&M $19,472
Commercial Bank of Texas, National Association 210 Harrison Avenue Roxton, TX 75477 Full Service B&M $14,456
Commercial Bank of Texas, National Association 215 East Main Nacogdoches, TX 75961 Limited, Mobile/Seasonal Office $0
Commercial Bank of Texas, National Association 215 East Main Street Nacogdoches, TX 75961 Full Service B&M $306,781
Commercial Bank of Texas, National Association 222 Vista Blvd Nacogdoches, TX 75962 Full Service Retail $0
Commercial Bank of Texas, National Association 410 East Lacy Street Palestine, TX 75801 Full Service B&M $8,520
Commercial Bank of Texas, National Association 4929 North Street Nacogdoches, TX 75965 Full Service Retail $36,450
Commercial Bank of Texas, National Association 501 N Temple Diboll, TX 75941 Full Service B&M $10,976
Commercial Bank of Texas, National Association 7th And Spruce Streets Cushing, TX 75760 Full Service B&M $29,770
Commercial Bank of Texas, National Association Cooper Street And Highway 69 Emory, TX 75410 Full Service B&M $10,134
Commercial Bank of Texas, National Association Main And Broadway Kennard, TX 75847 Full Service B&M $21,892
Commercial Bank of Texas, National Association U.S. Highway 69 Wells, TX 75976 Full Service B&M $26,028

For 2021, Commercial Bank Of Texas had 22 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $39,725
Net interest income $37,398
Total noninterest income $16,229
Gross Fiduciary activities income $1,151
Service charges on deposit accounts $3,526
Trading account gains and fees $0
Additional Noninterest Income $11,552
Pre-tax net operating income $20,783
Securities gains (or losses, -) $-10
Income before extraordinary items $16,276
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $16,276
Minority interest net income $0
Net income $16,276
Sale, conversion, retirement of capital stock, net $0
Net operating income $16,283

Commercial Bank Of Texas's gross interest income from loans was $39,725,000.
Commercial Bank Of Texas's net interest income from loans was $37,398,000.
Commercial Bank Of Texas's fee based income from loans was $3,526,000.
Commercial Bank Of Texas's net income from loans was $16,276,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $2,327
Provision for credit losses $0
Total noninterest expense $32,844
Salaries and employee benefits $17,015
Premises and equipment expense $4,624
Additional noninterest expense $11,205
Applicable income taxes $4,497
Net charge-offs $680
Cash dividends $6,694

Commercial Bank Of Texas's interest expense for loans was $2,327,000.
Commercial Bank Of Texas's payroll and benefits expense were $17,015,000.
Commercial Bank Of Texas's property, plant and equipment expenses $4,624,000.

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 $1,158,371
Deposits held in domestic offices $1,158,371
Deposits by Individuals, partnerships, and corporations $1,005,335
Deposits by U.S. Government $2
Deposits by States and political subdivisions in the U.S. $151,455
Deposits by Commercial banks and other depository institutions in U.S. $1,580
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $745,096
Demand deposits $394,577
Nontransaction accounts $413,276
Money market deposit accounts (MMDAs) $161,768
Other savings deposits (excluding MMDAs) $125,741
Total time deposits $125,766
Total time and savings deposits $763,795
Noninterest-bearing deposits $394,764
Interest-bearing deposits $763,607
Retail deposits $1,131,960
IRAs and Keogh plan accounts $20,619
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $1,274,626
Cash & Balances due from depository institutions $157,499
Interest-bearing balances $136,699
Total securities $349,361
Federal funds sold & reverse repurchase $15,000
Net loans and leases $699,194
Loan and leases loss allowance $15,737
Trading account assets $645
Bank premises and fixed assets $16,667
Other real estate owned $0
Goodwill and other intangibles $7,501
All other assets $28,759

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $1,274,626
Total Liabilities $1,165,916
Total deposits $1,158,371
Interest-bearing deposits $763,607
Deposits held in domestic offices $1,158,371
% insured (estimated) $67
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $104
Subordinated debt $0
All other liabilities $7,441

Issued Loan Types

Type Value (in 000's)
Net loans and leases $699,194
Loan and leases loss allowance $15,737
Total loans and leases (domestic) $714,931
All real estate loans $539,456
Real estate loans in domestic offices $539,456
Construction and development loans $88,488
Residential 1-4 family construction $33,598
Other construction, all land development and other land $54,890
Loans secured by nonfarm nonresidential properties $240,506
Nonfarm nonresidential secured by owner-occupied properties $128,447
Commercial real estate & other non-farm, non-residential $112,059
Multifamily residential real estate $5,299
1-4 family residential loans $184,027
Farmland loans $21,136
Loans held in foreign offices $0
Farm loans $4,649
Commercial and industrial loans $121,152
To non-U.S. addressees $0
Loans to individuals $46,149
Credit card loans $0
Related Plans $19
Consumer Auto Loans $10,133
Other loans to individuals $35,997
All other loans & leases $3,525
Loans to foreign governments and official institutions $0
Other loans $584
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $7,714
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $2,111
Non 1-4 family restructured loans & leases $2,111
Total loans and leases (foreign) $0

Commercial Bank of Texas had $699,194,000 of loans outstanding in 2021. $539,456,000 of loans were in real estate loans. $88,488,000 of loans were in development loans. $5,299,000 of loans were in multifamily mortgage loans. $184,027,000 of loans were in 1-4 family mortgage loans. $4,649,000 of loans were in farm loans. $0 of loans were in credit card loans. $10,133,000 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 409 $105,623 $258,247
Nonfarm, nonresidential loans - <$100k 84 $3,880 $46,190
Nonfarm, nonresidential loans - $100-250k 129 $16,894 $130,961
Nonfarm, nonresidential loans - $250k-1MM 196 $84,849 $432,903
Commercial & Industrial, US addressed loans - <$1MM 1,184 $82,344 $69,547
Commercial & Industrial, US addressed loans - <$100k 893 $25,473 $28,525
Commercial & Industrial, US addressed loans - $100-250k 196 $22,248 $113,510
Commercial & Industrial, US addressed loans - $250k-1MM 95 $34,623 $364,453
Farmland loans - <$1MM 57 $6,188 $108,561
Farmland loans - <$100k 24 $985 $41,042
Farmland loans - $100-250k 25 $3,121 $124,840
Farmland loans - $250k-1MM 8 $2,082 $260,250
Agriculture operations loans - <$1MM 119 $3,044 $25,580
Agriculture operations loans - <$100k 109 $1,875 $17,202
Agriculture operations loans - $100-250k 10 $1,169 $116,900