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, Moberly, Jefferson City, Kansas City, and Mexico among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

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

    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

    158

    Origination Dollar Volume (All Markets)

    $21,040,000

    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) 142 $18,840,000 $132,676 $0 0.00%
    Outside of Metro Areas 6 $1,200,000 $200,000 $0 0.00%
    Moberly, MO (FHA|USDA|VA) 5 $495,000 $99,000 $0 0.00%
    JEFFERSON CITY, MO (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    Mexico, MO (FHA|USDA|VA) 2 $120,000 $60,000 $0 0.00%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    Commercial Trust Company Of Fayette's top markets include Columbia, Moberly, Jefferson City, Kansas City, and Mexico among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 158 $21,040,000 $133,165 $0 0.00%

    For 2019, Commercial Trust Company Of Fayette's most frequently originated type of loan was Conventional, with 158 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 82 $11,690,000 $142,561 $0 0.00%
    Refi 47 $6,915,000 $147,128 $0 0.00%
    Home Improvement 15 $745,000 $49,667 $0 0.00%
    Cash Out Refi 8 $1,080,000 $135,000 $0 0.00%
    Other 6 $610,000 $101,667 $0 0.00%

    For 2019, Commercial Trust Company Of Fayette's most frequently cited loan purpose was Home Purchase, with 82 originations. The 2nd most popular reason was Refi, with 47 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 158 $21,040,000 $133,165 $0 0.00%

    For 2019, Commercial Trust Company Of Fayette's most frequently cited loan duration was Other, with 158 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 73 $4,135,000 $56,644 $0 0.00%
    $100k-200k 55 $7,935,000 $144,273 $0 0.00%
    $200k-400k 27 $7,515,000 $278,333 $0 0.00%
    $400k-600k 3 $1,455,000 $485,000 $0 0.00%

    2019 saw Commercial Trust Company Of Fayette place emphasis on $100,000 or less loans with 73 originations, totaling $4,135,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 36 $5,050,000 $140,278 $0 0.00%
    $50k-75k 35 $3,845,000 $109,857 $0 0.00%
    $75k-100k 32 $4,290,000 $134,063 $0 0.00%
    $50k or less 31 $2,905,000 $93,710 $0 0.00%
    $150k-250k 10 $1,730,000 $173,000 $0 0.00%
    $250k+ 4 $1,400,000 $350,000 $0 0.00%

    Commercial Trust Company Of Fayette lent most frequently to those with incomes in the $100k-150k range, with 36 originations. The second most popular income band? $50k-75k, with 35 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 158 $21,040,000 $133,165 $0 0.00%

    Commercial Trust Company Of Fayette lent most frequently to those with DTI ratios of Exempt%, with 158 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 144 $19,040,000 $132,222 $0 0.00%
    Not applicable 6 $1,130,000 $188,333 $0 0.00%
    Not provided 6 $790,000 $131,667 $0 0.00%
    Asian 1 $45,000 $45,000 $0 0.00%
    Black 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.58%

    Commercial Trust Company Of Fayette has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    98.10%

    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 158 $21,040,000 $133,165

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $345,000 $345,000
    Single Family (1-4 Units):Manufactured 18 $1,770,000 $98,333
    Single Family (1-4 Units):Site-Built 139 $18,925,000 $136,151

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    COMMERCE BANK Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    COMMERCE BANK Other type of mortgage Trouble during payment process 1 50.0%

    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 $95,226
    Commercial Trust Company of Fayette 180 West Sexton Road Harrisburg, MO 65256 Full Service B&M $11,341

    For 2019, Commercial Trust Company Of Fayette had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $5,002
    Net interest income $4,017
    Total noninterest income $801
    Gross Fiduciary activities income $40
    Service charges on deposit accounts $153
    Trading account gains and fees $0
    Additional Noninterest Income $608
    Pre-tax net operating income $1,694
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,694
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,694
    Minority interest net income $0
    Net income $1,694
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,694

    Commercial Trust Company Of Fayette's gross interest income from loans was $5,002,000.
    Commercial Trust Company Of Fayette's net interest income from loans was $4,017,000.
    Commercial Trust Company Of Fayette's fee based income from loans was $153,000.
    Commercial Trust Company Of Fayette's net income from loans was $1,694,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $985
    Provision for credit losses $60
    Total noninterest expense $3,064
    Salaries and employee benefits $1,797
    Premises and equipment expense $459
    Additional noninterest expense $808
    Applicable income taxes $0
    Net charge-offs $59
    Cash dividends $1,662

    Commercial Trust Company Of Fayette's interest expense for loans was $985,000.
    Commercial Trust Company Of Fayette's payroll and benefits expense were $1,797,000.
    Commercial Trust Company Of Fayette's property, plant and equipment expenses $459,000.

    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 1.1%
    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 $115,829
    Deposits held in domestic offices $115,829
    Deposits by Individuals, partnerships, and corporations $105,630
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $10,199
    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 $44,141
    Demand deposits $16,522
    Nontransaction accounts $71,688
    Money market deposit accounts (MMDAs) $33,872
    Other savings deposits (excluding MMDAs) $10,384
    Total time deposits $27,432
    Total time and savings deposits $99,307
    Noninterest-bearing deposits $16,519
    Interest-bearing deposits $99,310
    Retail deposits $104,695
    IRAs and Keogh plan accounts $3,298
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $134,444
    Cash & Balances due from depository institutions $28,924
    Interest-bearing balances $25,090
    Total securities $10,459
    Federal funds sold & reverse repurchase $0
    Net loans and leases $92,447
    Loan and leases loss allowance $479
    Trading account assets $0
    Bank premises and fixed assets $946
    Other real estate owned $0
    Goodwill and other intangibles $235
    All other assets $1,433

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $134,444
    Total Liabilities $120,882
    Total deposits $115,829
    Interest-bearing deposits $99,310
    Deposits held in domestic offices $115,829
    % insured (estimated) $63
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $5,000
    Subordinated debt $0
    All other liabilities $53

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $92,447
    Loan and leases loss allowance $479
    Total loans and leases (domestic) $92,926
    All real estate loans $75,577
    Real estate loans in domestic offices $75,577
    Construction and development loans $4,089
    Residential 1-4 family construction $4,089
    Other construction, all land development and other land $0
    Loans secured by nonfarm nonresidential properties $3,865
    Nonfarm nonresidential secured by owner-occupied properties $0
    Commercial real estate & other non-farm, non-residential $3,865
    Multifamily residential real estate $340
    1-4 family residential loans $58,151
    Farmland loans $9,132
    Loans held in foreign offices $0
    Farm loans $6,388
    Commercial and industrial loans $3,052
    To non-U.S. addressees $0
    Loans to individuals $7,868
    Credit card loans $281
    Related Plans $11
    Consumer Auto Loans $5,396
    Other loans to individuals $2,180
    All other loans & leases $40
    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 $92,447,000 of loans outstanding in 2019. $75,577,000 of loans were in real estate loans. $4,089,000 of loans were in development loans. $340,000 of loans were in multifamily mortgage loans. $58,151,000 of loans were in 1-4 family mortgage loans. $6,388,000 of loans were in farm loans. $281,000 of loans were in credit card loans. $5,396,000 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 61 $3,865 $63,361
    Nonfarm, nonresidential loans - <$100k 44 $1,361 $30,932
    Nonfarm, nonresidential loans - $100-250k 14 $1,642 $117,286
    Nonfarm, nonresidential loans - $250k-1MM 3 $862 $287,333
    Commercial & Industrial, US addressed loans - <$1MM 109 $3,052 $28,000
    Commercial & Industrial, US addressed loans - <$100k 101 $2,078 $20,574
    Commercial & Industrial, US addressed loans - $100-250k 6 $500 $83,333
    Commercial & Industrial, US addressed loans - $250k-1MM 2 $474 $237,000
    Farmland loans - <$1MM 78 $8,278 $106,128
    Farmland loans - <$100k 34 $1,443 $42,441
    Farmland loans - $100-250k 38 $4,905 $129,079
    Farmland loans - $250k-1MM 6 $1,930 $321,667
    Agriculture operations loans - <$1MM 204 $6,388 $31,314
    Agriculture operations loans - <$100k 184 $3,231 $17,560
    Agriculture operations loans - $100-250k 16 $1,987 $124,188
    Agriculture operations loans - $250k-1MM 4 $1,170 $292,500