Community National Bank Mortgage Rates, Fees & Info

Derby, VT

LEI: 549300OQ3UC55Y6EPP22

Tax ID: 03-0288082

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

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  • SimulatedRates™
  • Mortgage Calculator

    • 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 National Bank is a smaller bank specializing in Home Purchase and Refi loans. Community National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Burlington, Barre, Lebanon, and Berlin among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Community National Bank has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders. Community National Bank 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 7.14% 5/4/24
    30 Year Conventional Refi 6.72% 5/4/24
    30 Year Cash-out Refi 7.25% 5/4/24
    15 Year Conventional Purchase 6.25% 5/4/24
    15 Year Conventional Refi 5.88% 5/4/24
    15 Year Cash-out Refi 5.88% 5/4/24
    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.

    Community National Bank Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Community National Bank. 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

    376

    Origination Dollar Volume (All Markets)

    $77,420,000

    Employee count

    128

    Awards

    Community National Bank 30 Year Conventional Loans silver
    Show all (1) 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
    Outside of Metro Areas 294 $53,520,000 $182,041 $3,184 3.63%
    BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 33 $11,835,000 $358,636 $3,344 3.63%
    Barre, VT (FHA|USDA|VA) 37 $9,725,000 $262,838 $3,373 3.42%
    Lebanon, NH-VT (FHA|USDA|VA) 10 $2,160,000 $216,000 $3,162 3.39%
    Berlin, NH (FHA|USDA|VA) 2 $180,000 $90,000 $2,568 4.63%
    Community National Bank's top markets include Burlington, Barre, Lebanon, and Berlin among others.

    Their top states include:
  • Vermont (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)

    • Similar Lenders

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

    Northfield Savings Bank
    Similarity Rank: 65
    Community National Bank
    Similarity Rank: 130
    Vermont Federal Credit Union
    Similarity Rank: 144
    NEW ENGLAND FEDERAL CREDIT UNION
    Similarity Rank: 153
    VERMONT STATE EMPLOYEES
    Similarity Rank: 220
    Union Bank
    Similarity Rank: 312
    NORTH COUNTRY
    Similarity Rank: 414
    NORTHEAST HOME LOAN, LLC
    Similarity Rank: 572
    MSA MORTGAGE, LLC
    Similarity Rank: 1020
    BETTER MORTGAGE CORPORATION
    Similarity Rank: 1684

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 376 $77,420,000 $205,904 $3,216 3.61%

    For 2021, Community National Bank's most frequently originated type of loan was Conventional, with 376 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 192 $44,250,000 $230,469 $3,408 3.75%
    Cash Out Refi 91 $14,875,000 $163,462 $3,225 3.57%
    Refi 78 $15,710,000 $201,410 $2,832 3.28%
    Home Improvement 15 $2,585,000 $172,333 $2,679 3.73%

    For 2021, Community National Bank's most frequently cited loan purpose was Home Purchase, with 192 originations. The 2nd most popular reason was Cash Out Refi, with 91 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 167 $33,585,000 $201,108 $3,429 3.49%
    15 Year 75 $11,245,000 $149,933 $2,975 3.05%
    Other 56 $22,130,000 $395,179 $2,710 4.11%
    20 Year 53 $8,545,000 $161,226 $3,486 4.06%
    10 Year 22 $1,830,000 $83,182 $1,970 4.00%
    5 Year 3 $85,000 $28,333 $0 4.50%

    For 2021, Community National Bank's most frequently cited loan duration was 30 Year, with 167 originations. The 2nd most popular length was 15 Year, with 75 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 196 $34,490,000 $175,969
    $1k-2k 44 $7,180,000 $163,182
    $2k-3k 14 $2,270,000 $162,143
    $3k-4k 7 $1,945,000 $277,857
    $5k+ 6 $1,590,000 $265,000
    $4k-5k 5 $875,000 $175,000

    Community National Bank's average total fees were $3,429, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 196 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 165 $39,445,000 $239,061
    4-5% 81 $17,565,000 $216,852
    2.5-3% 79 $14,035,000 $177,658
    <2.5% 30 $4,250,000 $141,667
    5-6% 12 $850,000 $70,833
    6-7% 6 $180,000 $30,000

    During 2021, Community National Bank's average interest rate for loans was 3.49%, while their most frequently originated rate bucket for loans was 3-4%, with 165 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 154 $22,270,000 $144,610 $3,102 3.42%
    $200k-400k 102 $27,310,000 $267,745 $3,957 3.47%
    $100,000 or less 86 $5,660,000 $65,814 $2,404 4.03%
    $400k-600k 20 $9,420,000 $471,000 $3,971 3.78%
    $600k-1MM 8 $5,800,000 $725,000 $3,508 3.74%
    $1MM+ 6 $6,960,000 $1,160,000 $4,676 4.00%

    2021 saw Community National Bank place emphasis on $100k-200k loans with 154 originations, totaling $22,270,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 77 $11,155,000 $144,870 $3,093 3.41%
    $100k-150k 54 $11,240,000 $208,148 $3,988 3.37%
    $50k or less 50 $5,520,000 $110,400 $2,744 3.82%
    $150k-250k 42 $8,760,000 $208,571 $3,004 3.36%
    $75k-100k 41 $6,895,000 $168,171 $3,106 3.32%
    $250k+ 27 $8,685,000 $321,667 $3,593 3.32%

    Community National Bank lent most frequently to those with incomes in the $50k-75k range, with 77 originations. The second most popular income band? $100k-150k, with 54 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 72 $12,050,000 $167,361 $3,208 3.44%
    30-36% 54 $9,560,000 $177,037 $3,215 3.27%
    <20% 26 $4,250,000 $163,462 $3,326 3.29%
    41% 16 $3,180,000 $198,750 $3,507 3.22%
    39% 15 $2,605,000 $173,667 $2,794 3.72%
    40% 13 $2,145,000 $165,000 $3,510 3.68%
    37% 12 $1,920,000 $160,000 $3,148 3.20%
    46% 11 $2,795,000 $254,091 $3,381 3.31%
    43% 9 $2,195,000 $243,889 $2,941 2.96%
    45% 8 $1,370,000 $171,250 $3,270 3.73%
    38% 7 $925,000 $132,143 $3,021 3.27%
    44% 7 $1,755,000 $250,714 $3,125 3.38%
    42% 6 $860,000 $143,333 $2,866 3.13%
    47% 5 $895,000 $179,000 $3,252 3.28%
    48% 4 $970,000 $242,500 $3,531 3.56%
    36% 3 $445,000 $148,333 $3,613 3.17%
    49% 2 $150,000 $75,000 $3,627 3.38%
    50-60% 2 $280,000 $140,000 $1,667 5.43%

    Community National Bank lent most frequently to those with DTI ratios of 20-30%, with 72 originations. The next most common DTI ratio? 30-36%, with 54 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 245 $42,685,000 $174,224 $3,161 3.46%
    Not applicable 67 $22,395,000 $334,254 $2,572 4.23%
    Not provided 60 $11,990,000 $199,833 $3,516 3.59%
    Asian 3 $305,000 $101,667 $2,354 2.92%
    American Indian 1 $45,000 $45,000 $2,172 2.50%

    Approval Rates

    Total approvals of all applications
    89.62%

    Community National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.55%

    Community National Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 376 $77,420,000 $205,904

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    376 $77,420,000 $205,904

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 22 $2,230,000 $101,364 $2,718 3.08%
    40-60% 66 $12,570,000 $190,455 $3,056 3.10%
    60-80% 174 $40,300,000 $231,609 $3,537 3.67%
    80-100% 83 $17,535,000 $211,265 $3,207 3.62%
    Over 100% 13 $3,315,000 $255,000 $0 4.35%
    Under 20% 14 $510,000 $36,429 $1,033 5.08%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    COMMUNITY BANK SYSTEM, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    COMMUNITY BANK SYSTEM, INC. Home equity loan or line of credit (HELOC) Closing on a mortgage 1 50.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Community National Bank 100 Main Street, Suite 110 Newport, VT 5855 Full Service B&M $56,018
    Community National Bank 103 Church Street, Suite A Barton, VT 5822 Full Service B&M $64,103
    Community National Bank 116 Vermont Route 15 West Morrisville, VT 5661 Full Service B&M $22,415
    Community National Bank 23 East Brighton Road Island Pond, VT 5846 Full Service B&M $21,554
    Community National Bank 316 North Main Street Barre, VT 5641 Full Service B&M $64,509
    Community National Bank 4245 Us Route 101 Troy, VT 5868 Full Service B&M $43,453
    Community National Bank 467 Broad Street Lyndonville, VT 5851 Full Service B&M $82,839
    Community National Bank 4811 U.S. Route 5 Derby, VT 5855 Full Service B&M $263,344
    Community National Bank 49 Sampsonville Road Enosburg Falls, VT 5450 Full Service B&M $42,635
    Community National Bank 69 Main Street Derby Line, VT 5830 Full Service B&M $29,702
    Community National Bank 857 Memorial Drive Saint Johnsbury, VT 5819 Full Service Retail $67,341
    Community National Bank 99 State St Montpelier, VT 5602 Full Service B&M $43,010

    For 2021, Community National Bank had 12 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $34,779
    Net interest income $32,050
    Total noninterest income $6,734
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,137
    Trading account gains and fees $0
    Additional Noninterest Income $5,597
    Pre-tax net operating income $17,004
    Securities gains (or losses, -) $0
    Income before extraordinary items $13,836
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $13,836
    Minority interest net income $0
    Net income $13,836
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $13,836

    Community National Bank's gross interest income from loans was $34,779,000.
    Community National Bank's net interest income from loans was $32,050,000.
    Community National Bank's fee based income from loans was $1,137,000.
    Community National Bank's net income from loans was $13,836,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,729
    Provision for credit losses $624
    Total noninterest expense $21,156
    Salaries and employee benefits $11,152
    Premises and equipment expense $2,808
    Additional noninterest expense $7,196
    Applicable income taxes $3,168
    Net charge-offs $122
    Cash dividends $4,291

    Community National Bank's interest expense for loans was $2,729,000.
    Community National Bank's payroll and benefits expense were $11,152,000.
    Community National Bank's property, plant and equipment expenses $2,808,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 2.0%
    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 $880,308
    Deposits held in domestic offices $880,308
    Deposits by Individuals, partnerships, and corporations $766,905
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $112,409
    Deposits by Commercial banks and other depository institutions in U.S. $993
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $129,230
    Demand deposits $124,147
    Nontransaction accounts $751,077
    Money market deposit accounts (MMDAs) $129,729
    Other savings deposits (excluding MMDAs) $515,048
    Total time deposits $106,302
    Total time and savings deposits $756,160
    Noninterest-bearing deposits $44,195
    Interest-bearing deposits $836,113
    Retail deposits $862,594
    IRAs and Keogh plan accounts $27,038
    Brokered deposits $249
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,018,533
    Cash & Balances due from depository institutions $116,934
    Interest-bearing balances $99,095
    Total securities $175,767
    Federal funds sold & reverse repurchase $0
    Net loans and leases $682,580
    Loan and leases loss allowance $7,710
    Trading account assets $0
    Bank premises and fixed assets $13,767
    Other real estate owned $0
    Goodwill and other intangibles $12,472
    All other assets $17,013

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,018,533
    Total Liabilities $921,472
    Total deposits $880,308
    Interest-bearing deposits $836,113
    Deposits held in domestic offices $880,308
    % insured (estimated) $76
    Federal funds purchased and repurchase agreements $32,610
    Trading liabilities $0
    Other borrowed funds $5,158
    Subordinated debt $0
    All other liabilities $3,396

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $682,580
    Loan and leases loss allowance $7,710
    Total loans and leases (domestic) $690,290
    All real estate loans $517,453
    Real estate loans in domestic offices $517,453
    Construction and development loans $25,398
    Residential 1-4 family construction $4,915
    Other construction, all land development and other land $20,483
    Loans secured by nonfarm nonresidential properties $211,524
    Nonfarm nonresidential secured by owner-occupied properties $105,420
    Commercial real estate & other non-farm, non-residential $106,104
    Multifamily residential real estate $45,760
    1-4 family residential loans $216,538
    Farmland loans $18,233
    Loans held in foreign offices $0
    Farm loans $1,532
    Commercial and industrial loans $114,210
    To non-U.S. addressees $0
    Loans to individuals $3,884
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $454
    Other loans to individuals $3,430
    All other loans & leases $53,210
    Loans to foreign governments and official institutions $0
    Other loans $5,255
    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 $253
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Community National Bank had $682,580,000 of loans outstanding in 2021. $517,453,000 of loans were in real estate loans. $25,398,000 of loans were in development loans. $45,760,000 of loans were in multifamily mortgage loans. $216,538,000 of loans were in 1-4 family mortgage loans. $1,532,000 of loans were in farm loans. $0 of loans were in credit card loans. $454,000 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 390 $86,140 $220,872
    Nonfarm, nonresidential loans - <$100k 52 $2,587 $49,750
    Nonfarm, nonresidential loans - $100-250k 161 $19,608 $121,789
    Nonfarm, nonresidential loans - $250k-1MM 177 $63,945 $361,271
    Commercial & Industrial, US addressed loans - <$1MM 708 $52,983 $74,835
    Commercial & Industrial, US addressed loans - <$100k 433 $10,181 $23,513
    Commercial & Industrial, US addressed loans - $100-250k 179 $18,888 $105,520
    Commercial & Industrial, US addressed loans - $250k-1MM 96 $23,914 $249,104
    Farmland loans - <$1MM 35 $4,762 $136,057
    Farmland loans - <$100k 8 $335 $41,875
    Farmland loans - $100-250k 20 $2,494 $124,700
    Farmland loans - $250k-1MM 7 $1,933 $276,143
    Agriculture operations loans - <$1MM 24 $921 $38,375
    Agriculture operations loans - <$100k 22 $532 $24,182
    Agriculture operations loans - $100-250k 1 $89 $89,000
    Agriculture operations loans - $250k-1MM 1 $300 $300,000