Commercial Bank Of Texas Mortgage Rates, Fees & Info

Nacogdoches, TX

LEI: 549300M16XETIG2Z5N24

Tax ID: 75-0203352

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

Review & Overview

Commercial Bank Of Texas is a smaller bank specializing in Home Purchase loans. Commercial Bank Of Texas has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Lufkin, Dallas, Nacogdoches, Palestine, and Houston among others. We have data for 25 markets. (Some data included below & more in-depth data is available with an active subscription.)

Commercial Bank Of Texas 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. Commercial Bank Of Texas 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
30 Year Conventional Purchase	6.80%	12/16/24
30 Year Conventional Refi	6.55%	12/16/24
30 Year Cash-out Refi	6.96%	12/16/24
30 Year FHA Purchase	7.14%	12/16/24
30 Year VA Purchase	6.05%	12/16/24
30 Year VA Refi	5.96%	12/16/24
15 Year Conventional Purchase	6.34%	12/16/24
15 Year Conventional Refi	6.24%	12/16/24
15 Year Cash-out Refi	6.24%	12/16/24
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.

Commercial Bank Of Texas Mortgage Calculator

Purchase Price:

Loan Amount:

Deposit Amount:

% Deposit:

Interest Rate:

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Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Commercial Bank Of Texas. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

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

Originations

499

Origination Dollar Volume (All Markets)

$87,115,000

Employee count

204

Awards

Commercial Bank of Texas 30 Year Conventional Loans silver

Show all (3) 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
Lufkin, TX (FHA\|USDA\|VA)	174	$28,100,000	$161,494	$4,348	5.05%
Dallas-Fort Worth-Arlington, TX (FHA\|USDA\|VA)	83	$22,315,000	$268,855	$5,582	4.92%
Nacogdoches, TX (FHA\|USDA\|VA)	138	$19,890,000	$144,130	$3,582	5.05%
Outside of Metro Areas	47	$7,235,000	$153,936	$4,191	5.00%
Palestine, TX (FHA\|USDA\|VA)	25	$2,515,000	$100,600	$2,892	5.59%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA\|USDA\|VA)	4	$1,090,000	$272,500	$6,614	4.72%
Jacksonville, TX (FHA\|USDA\|VA)	5	$1,085,000	$217,000	$6,223	4.83%
Clearlake, CA (FHA\|USDA\|VA)	1	$645,000	$645,000	$12,502	4.25%
COLLEGE STATION-BRYAN, TX (FHA\|USDA\|VA)	2	$470,000	$235,000	$4,178	4.63%
Athens, TX (FHA\|USDA\|VA)	2	$470,000	$235,000	$3,510	5.00%
SHERMAN-DENISON, TX (FHA\|USDA\|VA)	1	$385,000	$385,000	$6,673	4.88%
TYLER, TX (FHA\|USDA\|VA)	3	$375,000	$125,000	$3,289	4.96%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA\|USDA\|VA)	1	$275,000	$275,000	$6,918	4.95%
TEXARKANA, TX-AR (FHA\|USDA\|VA)	1	$255,000	$255,000	$4,737	5.63%
Durango, CO (FHA\|USDA\|VA)	1	$245,000	$245,000	$3,898	4.88%
MONROE, MI (FHA\|USDA\|VA)	1	$245,000	$245,000	$3,541	4.38%
BEAUMONT-PORT ARTHUR, TX (FHA\|USDA\|VA)	1	$245,000	$245,000	$3,388	4.63%
Granbury, TX (FHA\|USDA\|VA)	1	$225,000	$225,000	$7,468	4.75%
Paris, TX (FHA\|USDA\|VA)	2	$220,000	$110,000	$3,481	4.81%
KILLEEN-TEMPLE, TX (FHA\|USDA\|VA)	1	$215,000	$215,000	$10,366	4.75%
CHARLESTON-NORTH CHARLESTON, SC (FHA\|USDA\|VA)	1	$175,000	$175,000	$2,433	4.13%
AMARILLO, TX (FHA\|USDA\|VA)	1	$145,000	$145,000	$2,991	4.38%
Los Angeles-Long Beach-Anaheim, CA (FHA\|USDA\|VA)	1	$135,000	$135,000	$2,790	4.75%
Sulphur Springs, TX (FHA\|USDA\|VA)	1	$85,000	$85,000	$2,044	5.63%
TULSA, OK (FHA\|USDA\|VA)	1	$75,000	$75,000	$2,560	5.25%

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

Their top states include:

Texas (FHA|USDA|VA)

California (FHA|USDA|VA)

Colorado (FHA|USDA|VA)

Michigan (FHA|USDA|VA)

Oklahoma (FHA|USDA|VA)

Similar Lenders

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

SOUTHERN LENDING SERVICES, LTD.
Similarity Rank: 86

NEIGHBORHOOD
Similarity Rank: 200

CORNERSTONE MORTGAGE PROVIDERS
Similarity Rank: 291

Austin Bank, Texas
Similarity Rank: 340

VeraBank
Similarity Rank: 348

TEXANS
Similarity Rank: 416

Priority Bank
Similarity Rank: 456

ADVISA MORTGAGE SERVICES, LTD.
Similarity Rank: 678

JSC
Similarity Rank: 900

TEXAS BAY
Similarity Rank: 980

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	446	$77,440,000	$173,632	$3,990	5.09%
FHA	31	$4,775,000	$154,032	$6,280	4.51%
VA	17	$4,245,000	$249,706	$6,080	4.60%
USDA	5	$655,000	$131,000	$4,858	4.83%

For 2018, Commercial Bank Of Texas's most frequently originated type of loan was Conventional, with 446 originations. Their 2nd most popular type was FHA, with 31 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	364	$66,190,000	$181,841	$4,589	4.98%
Cash Out Refi	68	$10,460,000	$153,824	$3,791	5.17%
Refi	44	$8,190,000	$186,136	$3,429	4.95%
Other	17	$1,715,000	$100,882	$2,406	5.59%
Home Improvement	6	$560,000	$93,333	$2,154	5.83%

For 2018, Commercial Bank Of Texas's most frequently cited loan purpose was Home Purchase, with 364 originations. The 2nd most popular reason was Cash Out Refi, with 68 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	313	$62,155,000	$198,578	$4,703	4.83%
15 Year	107	$12,075,000	$112,850	$2,896	5.31%
20 Year	43	$6,475,000	$150,581	$3,135	5.35%
10 Year	16	$1,890,000	$118,125	$2,831	5.55%
Other	10	$1,090,000	$109,000	$1,521	6.24%
5 Year	5	$755,000	$151,000	$3,805	5.20%
1 Year	3	$555,000	$185,000	$10,291	5.92%
30+ year	1	$2,085,000	$2,085,000	$24,099	4.50%
3 Year	1	$35,000	$35,000	$1,410	4.10%

For 2018, Commercial Bank Of Texas's most frequently cited loan duration was 30 Year, with 313 originations. The 2nd most popular length was 15 Year, with 107 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	320	$49,390,000	$154,344
$1k-2k	58	$15,100,000	$260,345
$3k-4k	15	$5,295,000	$353,000
$2k-3k	11	$2,945,000	$267,727
$5k+	8	$4,760,000	$595,000
$4k-5k	2	$530,000	$265,000

Commercial Bank Of Texas's average total fees were $4,703, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 320 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
4-5%	275	$55,725,000	$202,636
5-6%	159	$21,805,000	$137,138
6-7%	34	$2,850,000	$83,824
3-4%	27	$6,625,000	$245,370
7-8%	4	$110,000	$27,500

During 2018, Commercial Bank Of Texas's average interest rate for loans was 4.83%, while their most frequently originated rate bucket for loans was 4-5%, with 275 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-200k	212	$31,490,000	$148,538	$3,859	4.90%
$100,000 or less	140	$8,980,000	$64,143	$2,617	5.56%
$200k-400k	125	$33,765,000	$270,120	$5,401	4.76%
$400k-600k	16	$6,980,000	$436,250	$7,561	4.53%
$600k-1MM	4	$2,600,000	$650,000	$6,575	4.48%
$1MM+	2	$3,300,000	$1,650,000	$17,740	5.00%

2018 saw Commercial Bank Of Texas place emphasis on $100k-200k loans with 212 originations, totaling $31,490,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	114	$15,700,000	$137,719	$3,909	4.98%
$100k-150k	110	$21,410,000	$194,636	$4,729	4.99%
$50k or less	82	$8,030,000	$97,927	$3,163	5.13%
$75k-100k	79	$14,775,000	$187,025	$4,478	4.84%
$150k-250k	44	$11,480,000	$260,909	$4,950	4.81%
$250k+	34	$11,670,000	$343,235	$6,091	5.18%

Commercial Bank Of Texas lent most frequently to those with incomes in the $50k-75k range, with 114 originations. The second most popular income band? $100k-150k, with 110 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	102	$18,870,000	$185,000	$4,215	5.01%
30-36%	76	$13,920,000	$183,158	$4,318	5.01%
<20%	34	$5,470,000	$160,882	$3,723	5.11%
49%	25	$4,785,000	$191,400	$3,968	4.98%
38%	23	$4,035,000	$175,435	$4,797	4.97%
50-60%	21	$3,475,000	$165,476	$4,653	4.78%
40%	20	$3,560,000	$178,000	$4,677	5.08%
46%	19	$3,355,000	$176,579	$3,656	4.90%
41%	18	$3,390,000	$188,333	$3,725	4.89%
47%	17	$3,365,000	$197,941	$5,042	4.88%
36%	16	$2,710,000	$169,375	$3,477	4.76%
44%	15	$2,315,000	$154,333	$3,771	4.81%
42%	14	$2,730,000	$195,000	$4,584	4.88%
43%	14	$2,430,000	$173,571	$4,566	4.97%
45%	13	$2,115,000	$162,692	$5,445	5.01%
48%	13	$2,055,000	$158,077	$3,865	5.24%
39%	10	$1,700,000	$170,000	$4,044	4.91%
>60%	9	$2,205,000	$245,000	$5,792	5.26%
37%	8	$1,170,000	$146,250	$3,130	5.33%

Commercial Bank Of Texas lent most frequently to those with DTI ratios of 20-30%, with 102 originations. The next most common DTI ratio? 30-36%, with 76 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	390	$67,470,000	$173,000	$4,221	4.99%
Not provided	46	$11,130,000	$241,957	$5,277	4.97%
Not applicable	30	$3,290,000	$109,667	$0	5.76%
Asian	16	$3,250,000	$203,125	$4,305	4.64%
Black	15	$1,845,000	$123,000	$3,000	5.51%
American Indian	1	$95,000	$95,000	$4,471	4.50%
Chinese	1	$35,000	$35,000	$1,952	4.99%

Approval Rates

Total approvals of all applications
79.58%

Commercial Bank Of Texas has a below average approval rate.

Pick Rate

Approvals leading to origination
78.16%

Commercial Bank Of Texas has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
163.0	1	$85,000	$85,000
313.0	1	$45,000	$45,000
NA	497	$86,985,000	$175,020

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	1	$385,000	$385,000
Single Family (1-4 Units):Manufactured	16	$1,200,000	$75,000
Single Family (1-4 Units):Site-Built	482	$85,530,000	$177,448

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	23	$2,585,000	$112,391	$2,712	5.37%
40-60%	43	$6,315,000	$146,860	$3,608	4.86%
60-80%	173	$30,985,000	$179,104	$3,840	5.15%
80-100%	250	$45,810,000	$183,240	$4,772	4.92%
Over 100%	3	$935,000	$311,667	$8,754	5.42%
Under 20%	7	$485,000	$69,286	$2,109	5.96%

Complaints

Bank Name	Product	Issue	2018 CPFB Complaints	% of Total Issues
COMMERCE BANK	VA mortgage	Trouble during payment process	1	100.0%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Commercial Bank of Texas, National Association	107 Quitman Street Emory, TX 75440	Full Service B&M	$75,570
Commercial Bank of Texas, National Association	109 West Parker St Elkhart, TX 75839	Full Service B&M	$36,982
Commercial Bank of Texas, National Association	1219 W Mcdermott Drive Allen, TX 75013	Full Service Retail	$9,890
Commercial Bank of Texas, National Association	1629 North University Nacogdoches, TX 75961	Full Service B&M	$15,390
Commercial Bank of Texas, National Association	1716 Forest Ridge Bedford, TX 76022	Full Service B&M	$29,356
Commercial Bank of Texas, National Association	1873 W Frank Ave Lufkin, TX 75904	Full Service B&M	$25,248
Commercial Bank of Texas, National Association	1901 Tulane Lufkin, TX 75901	Full Service B&M	$35,789
Commercial Bank of Texas, National Association	201 South Mill Street Lewisville, TX 75057	Full Service B&M	$13,994
Commercial Bank of Texas, National Association	210 Harrison Avenue Roxton, TX 75477	Full Service B&M	$14,033
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	$173,871
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	$157
Commercial Bank of Texas, National Association	4929 North Street Nacogdoches, TX 75965	Full Service Retail	$23,029
Commercial Bank of Texas, National Association	501 N Temple Diboll, TX 75941	Full Service B&M	$6,679
Commercial Bank of Texas, National Association	600 South First Street Lufkin, TX 75901	Full Service B&M	$92,458
Commercial Bank of Texas, National Association	Cooper Street And Highway 69 Emory, TX 75410	Full Service B&M	$9,630
Commercial Bank of Texas, National Association	Main And Broadway Kennard, TX 75847	Full Service B&M	$17,711
Commercial Bank of Texas, National Association	U.S. Highway 69 Wells, TX 75976	Full Service B&M	$17,886

For 2018, Commercial Bank Of Texas had 19 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$26,774
Net interest income	$24,658
Total noninterest income	$10,383
Gross Fiduciary activities income	$671
Service charges on deposit accounts	$3,669
Trading account gains and fees	$0
Additional Noninterest Income	$6,043
Pre-tax net operating income	$9,286
Securities gains (or losses, -)	$0
Income before extraordinary items	$7,417
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$7,417
Minority interest net income	$0
Net income	$7,417
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$7,417

Commercial Bank Of Texas's gross interest income from loans was $26,774,000.
Commercial Bank Of Texas's net interest income from loans was $24,658,000.
Commercial Bank Of Texas's fee based income from loans was $3,669,000.
Commercial Bank Of Texas's net income from loans was $7,417,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$2,116
Provision for credit losses	$1,675
Total noninterest expense	$24,080
Salaries and employee benefits	$13,177
Premises and equipment expense	$3,327
Additional noninterest expense	$7,576
Applicable income taxes	$1,869
Net charge-offs	$445
Cash dividends	$1,143

Commercial Bank Of Texas's interest expense for loans was $2,116,000.
Commercial Bank Of Texas's payroll and benefits expense were $13,177,000.
Commercial Bank Of Texas's property, plant and equipment expenses $3,327,000.

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	2.0%
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	$649,877
Deposits held in domestic offices	$649,877
Deposits by Individuals, partnerships, and corporations	$561,692
Deposits by U.S. Government	$2
Deposits by States and political subdivisions in the U.S.	$87,447
Deposits by Commercial banks and other depository institutions in U.S.	$736
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$402,842
Demand deposits	$225,244
Nontransaction accounts	$247,035
Money market deposit accounts (MMDAs)	$75,212
Other savings deposits (excluding MMDAs)	$61,260
Total time deposits	$110,564
Total time and savings deposits	$424,633
Noninterest-bearing deposits	$52,499
Interest-bearing deposits	$597,378
Retail deposits	$629,489
IRAs and Keogh plan accounts	$17,524
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$727,918
Cash & Balances due from depository institutions	$25,186
Interest-bearing balances	$5,499
Total securities	$208,495
Federal funds sold & reverse repurchase	$5,000
Net loans and leases	$445,345
Loan and leases loss allowance	$5,440
Trading account assets	$514
Bank premises and fixed assets	$10,331
Other real estate owned	$2,285
Goodwill and other intangibles	$6,729
All other assets	$24,033

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$727,918
Total Liabilities	$656,203
Total deposits	$649,877
Interest-bearing deposits	$597,378
Deposits held in domestic offices	$649,877
% insured (estimated)	$76
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$0
Subordinated debt	$0
All other liabilities	$6,326

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$445,345
Loan and leases loss allowance	$5,440
Total loans and leases (domestic)	$450,785
All real estate loans	$327,788
Real estate loans in domestic offices	$327,788
Construction and development loans	$39,464
Residential 1-4 family construction	$15,878
Other construction, all land development and other land	$23,586
Loans secured by nonfarm nonresidential properties	$165,112
Nonfarm nonresidential secured by owner-occupied properties	$71,214
Commercial real estate & other non-farm, non-residential	$93,898
Multifamily residential real estate	$1,552
1-4 family residential loans	$109,617
Farmland loans	$12,043
Loans held in foreign offices	$0
Farm loans	$7,120
Commercial and industrial loans	$80,774
To non-U.S. addressees	$0
Loans to individuals	$33,432
Credit card loans	$0
Related Plans	$0
Consumer Auto Loans	$9,499
Other loans to individuals	$23,933
All other loans & leases	$1,671
Loans to foreign governments and official institutions	$0
Other loans	$596
Loans to depository institutions and acceptances of other banks	$0
Loans not secured by real estate	$24
Loans secured by real estate to non-U.S. addressees	$0
Restructured Loans & leases	$3,349
Non 1-4 family restructured loans & leases	$3,349
Total loans and leases (foreign)	$0

Commercial Bank of Texas had $445,345,000 of loans outstanding in 2018. $327,788,000 of loans were in real estate loans. $39,464,000 of loans were in development loans. $1,552,000 of loans were in multifamily mortgage loans. $109,617,000 of loans were in 1-4 family mortgage loans. $7,120,000 of loans were in farm loans. $0 of loans were in credit card loans. $9,499,000 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	389	$73,031	$187,740
Nonfarm, nonresidential loans - <$100k	132	$5,422	$41,076
Nonfarm, nonresidential loans - $100-250k	111	$13,660	$123,063
Nonfarm, nonresidential loans - $250k-1MM	146	$53,949	$369,514
Commercial & Industrial, US addressed loans - <$1MM	865	$48,665	$56,260
Commercial & Industrial, US addressed loans - <$100k	693	$19,059	$27,502
Commercial & Industrial, US addressed loans - $100-250k	129	$14,871	$115,279
Commercial & Industrial, US addressed loans - $250k-1MM	43	$14,735	$342,674
Farmland loans - <$1MM	73	$5,948	$81,479
Farmland loans - <$100k	48	$1,613	$33,604
Farmland loans - $100-250k	19	$2,314	$121,789
Farmland loans - $250k-1MM	6	$2,021	$336,833
Agriculture operations loans - <$1MM	170	$4,947	$29,100
Agriculture operations loans - <$100k	155	$3,063	$19,761
Agriculture operations loans - $100-250k	14	$1,614	$115,286
Agriculture operations loans - $250k-1MM	1	$270	$270,000