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


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Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • 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

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • 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