Community Bank Of Trenton Mortgage Rates, Fees & Info

Trenton, IL

LEI: 549300MGDBENMLUYMI91

Tax ID: 37-0817404

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

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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 Of Trenton is a smaller bank specializing in Cash Out Refi, Home Purchase, and Refi loans. Community Bank Of Trenton has a high proportion of conventional loans. Their top markets by origination volume include: St. Louis, Centralia, and Carbondale among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Community Bank Of Trenton 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 Of Trenton 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.

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    Originations

    74

    Origination Dollar Volume (All Markets)

    $10,320,000

    Employee count

    17

    Awards

    Community Bank of Trenton 30 Year Conventional Loans gold Community Bank of Trenton 30 Year Conventional Loans gold Community Bank of Trenton 30 Year Conventional Loans silver Community Bank of Trenton 30 Year Conventional Loans bronze
    Show all (4) 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
    ST. LOUIS, MO-IL (FHA|USDA|VA) 68 $9,110,000 $133,971 $1,568 4.66%
    Centralia, IL (FHA|USDA|VA) 5 $1,085,000 $217,000 $1,804 4.60%
    CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $125,000 $125,000 $1,845 4.75%
    Community Bank Of Trenton's top markets include St. Louis, Centralia, and Carbondale among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)

    • Similar Lenders

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

    Ozarks Federal Savings and Loan Association
    Similarity Rank: 100
    Community Bank of Trenton
    Similarity Rank: 108
    First National Bank of Waterloo
    Similarity Rank: 200
    RELIANCE BANK
    Similarity Rank: 238
    CapGrow Home Mortgage, LLC
    Similarity Rank: 272
    JERSEY STATE BANK
    Similarity Rank: 354
    Farmers and Merchants Bank of St. Clair
    Similarity Rank: 408
    United Bank of Union
    Similarity Rank: 415
    HNB National Bank
    Similarity Rank: 576
    Bank of Hillsboro
    Similarity Rank: 679

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 74 $10,320,000 $139,459 $1,597 4.66%

    For 2018, Community Bank Of Trenton's most frequently originated type of loan was Conventional, with 74 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 30 $3,000,000 $100,000 $1,405 4.64%
    Home Purchase 27 $4,005,000 $148,333 $2,185 4.82%
    Refi 17 $3,315,000 $195,000 $1,726 4.42%

    For 2018, Community Bank Of Trenton's most frequently cited loan purpose was Cash Out Refi, with 30 originations. The 2nd most popular reason was Home Purchase, with 27 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 24 $2,590,000 $107,917 $940 4.83%
    30 Year 19 $3,935,000 $207,105 $1,955 4.54%
    5 Year 16 $2,000,000 $125,000 $1,728 4.89%
    20 Year 7 $945,000 $135,000 $1,843 4.29%
    15 Year 5 $585,000 $117,000 $1,787 3.95%
    3 Year 2 $230,000 $115,000 $0 4.81%
    1 Year 1 $35,000 $35,000 $0 4.75%

    For 2018, Community Bank Of Trenton's most frequently cited loan duration was Other, with 24 originations. The 2nd most popular length was 30 Year, with 19 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 42 $6,150,000 $146,429

    Community Bank Of Trenton's average total fees were $1,955, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 42 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 59 $7,975,000 $135,169
    5-6% 10 $1,340,000 $134,000
    3-4% 5 $1,005,000 $201,000

    During 2018, Community Bank Of Trenton's average interest rate for loans was 4.54%, while their most frequently originated rate bucket for loans was 4-5%, with 59 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 36 $2,140,000 $59,444 $1,273 4.70%
    $100k-200k 21 $3,265,000 $155,476 $1,699 4.67%
    $200k-400k 16 $4,340,000 $271,250 $1,994 4.53%
    $400k-600k 1 $575,000 $575,000 $0 4.88%

    2018 saw Community Bank Of Trenton place emphasis on $100,000 or less loans with 36 originations, totaling $2,140,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 16 $2,260,000 $141,250 $1,820 4.63%
    $75k-100k 13 $1,635,000 $125,769 $1,646 4.56%
    $50k or less 12 $950,000 $79,167 $1,412 4.50%
    $150k-250k 9 $1,995,000 $221,667 $2,097 4.46%
    $50k-75k 8 $900,000 $112,500 $1,185 4.70%
    $250k+ 4 $980,000 $245,000 $2,235 5.06%

    Community Bank Of Trenton lent most frequently to those with incomes in the $100k-150k range, with 16 originations. The second most popular income band? $75k-100k, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 14 $2,500,000 $178,571 $1,842 4.62%
    20-30% 13 $1,895,000 $145,769 $1,718 4.54%
    30-36% 12 $1,430,000 $119,167 $1,641 4.42%
    38% 4 $600,000 $150,000 $1,603 4.63%
    41% 3 $265,000 $88,333 $1,737 4.46%
    44% 3 $465,000 $155,000 $1,357 4.75%
    >60% 2 $240,000 $120,000 $949 4.94%
    36% 2 $390,000 $195,000 $1,688 4.56%
    40% 2 $220,000 $110,000 $591 4.63%
    43% 1 $25,000 $25,000 $317 4.75%
    42% 1 $245,000 $245,000 $2,566 4.75%
    46% 1 $225,000 $225,000 $2,194 4.63%
    47% 1 $55,000 $55,000 $892 5.25%
    48% 1 $25,000 $25,000 $238 5.25%
    50-60% 1 $85,000 $85,000 $1,814 4.75%
    37% 1 $55,000 $55,000 $0 4.88%

    Community Bank Of Trenton lent most frequently to those with DTI ratios of <20%, with 14 originations. The next most common DTI ratio? 20-30%, with 13 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 62 $8,720,000 $140,645 $1,597 4.60%
    Not applicable 12 $1,600,000 $133,333 $0 4.94%

    Approval Rates

    Total approvals of all applications
    88.17%

    Community Bank Of Trenton has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.19%

    Community Bank Of Trenton has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 74 $10,320,000 $139,459

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 74 $10,320,000 $139,459

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $115,000 $38,333 $999 4.58%
    40-60% 9 $935,000 $103,889 $1,669 4.58%
    60-80% 29 $4,435,000 $152,931 $1,843 4.54%
    80-100% 21 $3,705,000 $176,429 $1,930 4.72%
    Over 100% 1 $195,000 $195,000 $0 5.50%
    Under 20% 10 $730,000 $73,000 $631 4.91%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Community Lending of America, Inc. VA mortgage Closing on a mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Community Bank of Trenton 104 East Broadway Trenton, IL 62293 Full Service B&M $65,146

    For 2018, Community Bank Of Trenton had 1 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $3,126
    Net interest income $2,494
    Total noninterest income $382
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $83
    Trading account gains and fees $0
    Additional Noninterest Income $299
    Pre-tax net operating income $747
    Securities gains (or losses, -) $0
    Income before extraordinary items $747
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $747
    Minority interest net income $0
    Net income $747
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $747

    Community Bank Of Trenton's gross interest income from loans was $3,126,000.
    Community Bank Of Trenton's net interest income from loans was $2,494,000.
    Community Bank Of Trenton's fee based income from loans was $83,000.
    Community Bank Of Trenton's net income from loans was $747,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $632
    Provision for credit losses $130
    Total noninterest expense $1,999
    Salaries and employee benefits $1,088
    Premises and equipment expense $223
    Additional noninterest expense $688
    Applicable income taxes $0
    Net charge-offs $39
    Cash dividends $440

    Community Bank Of Trenton's interest expense for loans was $632,000.
    Community Bank Of Trenton's payroll and benefits expense were $1,088,000.
    Community Bank Of Trenton's property, plant and equipment expenses $223,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 2.0%
    Construction & Land Development loans 1.0%
    Nonfarm, nonresidential loans 3.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 2.0%
    Commercial & industrial loans 7.0%
    Personal loans 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 1.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $67,890
    Deposits held in domestic offices $67,890
    Deposits by Individuals, partnerships, and corporations $65,342
    Deposits by U.S. Government $3
    Deposits by States and political subdivisions in the U.S. $2,545
    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 $23,542
    Demand deposits $10,079
    Nontransaction accounts $44,348
    Money market deposit accounts (MMDAs) $6,767
    Other savings deposits (excluding MMDAs) $13,209
    Total time deposits $24,373
    Total time and savings deposits $57,811
    Noninterest-bearing deposits $10,198
    Interest-bearing deposits $57,692
    Retail deposits $66,666
    IRAs and Keogh plan accounts $3,745
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $83,419
    Cash & Balances due from depository institutions $5,893
    Interest-bearing balances $3,132
    Total securities $12,241
    Federal funds sold & reverse repurchase $3,419
    Net loans and leases $57,977
    Loan and leases loss allowance $887
    Trading account assets $0
    Bank premises and fixed assets $1,791
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $2,098

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $83,419
    Total Liabilities $73,658
    Total deposits $67,890
    Interest-bearing deposits $57,692
    Deposits held in domestic offices $67,890
    % insured (estimated) $94
    Federal funds purchased and repurchase agreements $1,183
    Trading liabilities $0
    Other borrowed funds $4,331
    Subordinated debt $0
    All other liabilities $254

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $57,977
    Loan and leases loss allowance $887
    Total loans and leases (domestic) $58,864
    All real estate loans $48,109
    Real estate loans in domestic offices $48,109
    Construction and development loans $3,136
    Residential 1-4 family construction $1,659
    Other construction, all land development and other land $1,477
    Loans secured by nonfarm nonresidential properties $12,643
    Nonfarm nonresidential secured by owner-occupied properties $5,856
    Commercial real estate & other non-farm, non-residential $6,787
    Multifamily residential real estate $373
    1-4 family residential loans $25,861
    Farmland loans $6,096
    Loans held in foreign offices $0
    Farm loans $2,334
    Commercial and industrial loans $5,216
    To non-U.S. addressees $0
    Loans to individuals $3,200
    Credit card loans $0
    Related Plans $4
    Consumer Auto Loans $2,285
    Other loans to individuals $911
    All other loans & leases $5
    Loans to foreign governments and official institutions $0
    Other loans $5
    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 $1,253
    Non 1-4 family restructured loans & leases $809
    Total loans and leases (foreign) $0

    Community Bank of Trenton had $57,977,000 of loans outstanding in 2018. $48,109,000 of loans were in real estate loans. $3,136,000 of loans were in development loans. $373,000 of loans were in multifamily mortgage loans. $25,861,000 of loans were in 1-4 family mortgage loans. $2,334,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,285,000 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 66 $8,092 $122,606
    Nonfarm, nonresidential loans - <$100k 19 $590 $31,053
    Nonfarm, nonresidential loans - $100-250k 38 $4,846 $127,526
    Nonfarm, nonresidential loans - $250k-1MM 9 $2,656 $295,111
    Commercial & Industrial, US addressed loans - <$1MM 91 $5,216 $57,319
    Commercial & Industrial, US addressed loans - <$100k 75 $1,898 $25,307
    Commercial & Industrial, US addressed loans - $100-250k 12 $1,785 $148,750
    Commercial & Industrial, US addressed loans - $250k-1MM 4 $1,533 $383,250
    Farmland loans - <$1MM 34 $3,655 $107,500
    Farmland loans - <$100k 13 $554 $42,615
    Farmland loans - $100-250k 17 $2,161 $127,118
    Farmland loans - $250k-1MM 4 $940 $235,000
    Agriculture operations loans - <$1MM 19 $2,334 $122,842
    Agriculture operations loans - <$100k 11 $101 $9,182
    Agriculture operations loans - $100-250k 3 $403 $134,333
    Agriculture operations loans - $250k-1MM 5 $1,830 $366,000