Commercial Trust Company Of Fayette Mortgage Rates, Fees & Info

Fayette, MO

LEI: 549300OLRFUNCEDVGB16

Tax ID: 43-0224210

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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

    Commercial Trust Company Of Fayette is a smaller mortgage company specializing in Home Purchase and Refi loans. Commercial Trust Company Of Fayette has a high proportion of conventional loans. Their top markets by origination volume include: Columbia, Jefferson City, Moberly, Mexico, and St. Louis among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Commercial Trust Company Of Fayette has an average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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    Originations

    141

    Origination Dollar Volume (All Markets)

    $16,545,000

    Employee count

    28

    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
    COLUMBIA, MO (FHA|USDA|VA) 125 $14,395,000 $115,160 $0 0.00%
    Outside of Metro Areas 5 $665,000 $133,000 $0 0.00%
    JEFFERSON CITY, MO (FHA|USDA|VA) 2 $470,000 $235,000 $0 0.00%
    Moberly, MO (FHA|USDA|VA) 5 $405,000 $81,000 $0 0.00%
    Mexico, MO (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
    Marshall, MO (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
    Commercial Trust Company Of Fayette's top markets include Columbia, Jefferson City, Moberly, Mexico, and St. Louis among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 141 $16,545,000 $117,340 $0 0.00%

    For 2018, Commercial Trust Company Of Fayette's most frequently originated type of loan was Conventional, with 141 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 72 $9,730,000 $135,139 $0 0.00%
    Refi 50 $5,780,000 $115,600 $0 0.00%
    Other 10 $370,000 $37,000 $0 0.00%
    Home Improvement 7 $285,000 $40,714 $0 0.00%
    Cash Out Refi 2 $380,000 $190,000 $0 0.00%

    For 2018, Commercial Trust Company Of Fayette's most frequently cited loan purpose was Home Purchase, with 72 originations. The 2nd most popular reason was Refi, with 50 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 141 $16,545,000 $117,340 $0 0.00%

    For 2018, Commercial Trust Company Of Fayette's most frequently cited loan duration was Other, with 141 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 66 $3,410,000 $51,667 $0 0.00%
    $100k-200k 58 $8,200,000 $141,379 $0 0.00%
    $200k-400k 15 $4,065,000 $271,000 $0 0.00%
    $400k-600k 2 $870,000 $435,000 $0 0.00%

    2018 saw Commercial Trust Company Of Fayette place emphasis on $100,000 or less loans with 66 originations, totaling $3,410,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 37 $3,635,000 $98,243 $0 0.00%
    $50k or less 36 $3,090,000 $85,833 $0 0.00%
    $75k-100k 27 $3,915,000 $145,000 $0 0.00%
    $100k-150k 21 $2,745,000 $130,714 $0 0.00%
    $150k-250k 7 $1,165,000 $166,429 $0 0.00%
    $250k+ 1 $455,000 $455,000 $0 0.00%

    Commercial Trust Company Of Fayette lent most frequently to those with incomes in the $50k-75k range, with 37 originations. The second most popular income band? $50k or less, with 36 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 141 $16,545,000 $117,340 $0 0.00%

    Commercial Trust Company Of Fayette lent most frequently to those with DTI ratios of Exempt%, with 141 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 128 $15,020,000 $117,344 $0 0.00%
    Not applicable 9 $1,225,000 $136,111 $0 0.00%
    Not provided 1 $165,000 $165,000 $0 0.00%
    Black 3 $135,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.82%

    Commercial Trust Company Of Fayette has an average approval rate.

    Pick Rate

    Approvals leading to origination
    98.58%

    Commercial Trust Company Of Fayette has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 141 $16,545,000 $117,340

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $345,000 $345,000
    Single Family (1-4 Units):Manufactured 14 $1,680,000 $120,000
    Single Family (1-4 Units):Site-Built 126 $14,520,000 $115,238

    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 Trust Company of Fayette 119 North Main Street Fayette, MO 65248 Full Service B&M $98,591
    Commercial Trust Company of Fayette 180 West Sexton Road Harrisburg, MO 65256 Full Service B&M $10,680

    For 2018, Commercial Trust Company Of Fayette had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $4,785
    Net interest income $4,042
    Total noninterest income $653
    Gross Fiduciary activities income $41
    Service charges on deposit accounts $158
    Trading account gains and fees $0
    Additional Noninterest Income $454
    Pre-tax net operating income $1,737
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,737
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,737
    Minority interest net income $0
    Net income $1,737
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,737

    Commercial Trust Company Of Fayette's gross interest income from loans was $4,785,000.
    Commercial Trust Company Of Fayette's net interest income from loans was $4,042,000.
    Commercial Trust Company Of Fayette's fee based income from loans was $158,000.
    Commercial Trust Company Of Fayette's net income from loans was $1,737,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $743
    Provision for credit losses $10
    Total noninterest expense $2,948
    Salaries and employee benefits $1,708
    Premises and equipment expense $419
    Additional noninterest expense $821
    Applicable income taxes $0
    Net charge-offs $49
    Cash dividends $1,426

    Commercial Trust Company Of Fayette's interest expense for loans was $743,000.
    Commercial Trust Company Of Fayette's payroll and benefits expense were $1,708,000.
    Commercial Trust Company Of Fayette's property, plant and equipment expenses $419,000.

    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 9.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $103,144
    Deposits held in domestic offices $103,144
    Deposits by Individuals, partnerships, and corporations $91,727
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $11,417
    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 $43,597
    Demand deposits $16,349
    Nontransaction accounts $59,547
    Money market deposit accounts (MMDAs) $28,029
    Other savings deposits (excluding MMDAs) $9,506
    Total time deposits $22,011
    Total time and savings deposits $86,795
    Noninterest-bearing deposits $16,349
    Interest-bearing deposits $86,795
    Retail deposits $96,124
    IRAs and Keogh plan accounts $3,283
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $121,031
    Cash & Balances due from depository institutions $17,257
    Interest-bearing balances $14,670
    Total securities $12,344
    Federal funds sold & reverse repurchase $0
    Net loans and leases $88,825
    Loan and leases loss allowance $478
    Trading account assets $0
    Bank premises and fixed assets $1,044
    Other real estate owned $38
    Goodwill and other intangibles $213
    All other assets $1,310

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $121,031
    Total Liabilities $107,690
    Total deposits $103,144
    Interest-bearing deposits $86,795
    Deposits held in domestic offices $103,144
    % insured (estimated) $69
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $4,500
    Subordinated debt $0
    All other liabilities $46

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $88,825
    Loan and leases loss allowance $478
    Total loans and leases (domestic) $89,303
    All real estate loans $73,093
    Real estate loans in domestic offices $73,093
    Construction and development loans $3,123
    Residential 1-4 family construction $3,123
    Other construction, all land development and other land $0
    Loans secured by nonfarm nonresidential properties $3,482
    Nonfarm nonresidential secured by owner-occupied properties $0
    Commercial real estate & other non-farm, non-residential $3,482
    Multifamily residential real estate $364
    1-4 family residential loans $58,045
    Farmland loans $8,079
    Loans held in foreign offices $0
    Farm loans $6,433
    Commercial and industrial loans $2,135
    To non-U.S. addressees $0
    Loans to individuals $7,233
    Credit card loans $299
    Related Plans $14
    Consumer Auto Loans $5,079
    Other loans to individuals $1,841
    All other loans & leases $410
    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

    COMMERCIAL TRUST COMPANY OF FAYETTE had $88,825,000 of loans outstanding in 2018. $73,093,000 of loans were in real estate loans. $3,123,000 of loans were in development loans. $364,000 of loans were in multifamily mortgage loans. $58,045,000 of loans were in 1-4 family mortgage loans. $6,433,000 of loans were in farm loans. $299,000 of loans were in credit card loans. $5,079,000 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 53 $3,481 $65,679
    Nonfarm, nonresidential loans - <$100k 38 $1,272 $33,474
    Nonfarm, nonresidential loans - $100-250k 12 $1,292 $107,667
    Nonfarm, nonresidential loans - $250k-1MM 3 $917 $305,667
    Commercial & Industrial, US addressed loans - <$1MM 81 $2,135 $26,358
    Commercial & Industrial, US addressed loans - <$100k 73 $1,486 $20,356
    Commercial & Industrial, US addressed loans - $100-250k 6 $493 $82,167
    Commercial & Industrial, US addressed loans - $250k-1MM 2 $156 $78,000
    Farmland loans - <$1MM 67 $6,965 $103,955
    Farmland loans - <$100k 29 $1,040 $35,862
    Farmland loans - $100-250k 31 $3,902 $125,871
    Farmland loans - $250k-1MM 7 $2,023 $289,000
    Agriculture operations loans - <$1MM 229 $6,432 $28,087
    Agriculture operations loans - <$100k 209 $3,281 $15,699
    Agriculture operations loans - $100-250k 17 $2,215 $130,294
    Agriculture operations loans - $250k-1MM 3 $936 $312,000