Commercial Bank & Trust Co. Mortgage Rates, Fees & Info

Paris, TN

LEI: 549300P3JUY6QMZ8DY86

Tax ID: 62-0167630

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Commercial Bank & Trust Co. is a smaller bank specializing in Home Purchase and Refi loans. Commercial Bank & Trust Co. has a high proportion of conventional loans. Their top markets include Jackson, Memphis, Paris, Union City, and Nashville among others. Commercial Bank & Trust Co. has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors.


Originations

420

Origination Dollar Volume (All Markets)

$95,320,000

Employee count

190

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
JACKSON, TN (FHA|USDA|VA) 123 $31,965,000 $259,878 $0 0.00%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 66 $18,740,000 $283,939 $0 0.00%
Paris, TN (FHA|USDA|VA) 100 $16,300,000 $163,000 $0 0.00%
Union City, TN (FHA|USDA|VA) 64 $10,460,000 $163,438 $0 0.00%
Outside of Metro Areas 22 $4,000,000 $181,818 $0 0.00%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 10 $3,320,000 $332,000 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 4 $3,290,000 $822,500 $0 0.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $870,000 $435,000 $0 0.00%
Sevierville, TN (FHA|USDA|VA) 1 $765,000 $765,000 $0 0.00%
Martin, TN (FHA|USDA|VA) 6 $740,000 $123,333 $0 0.00%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $730,000 $365,000 $0 0.00%
Dyersburg, TN (FHA|USDA|VA) 3 $635,000 $211,667 $0 0.00%
KNOXVILLE, TN (FHA|USDA|VA) 3 $575,000 $191,667 $0 0.00%
Brownsville, TN (FHA|USDA|VA) 2 $510,000 $255,000 $0 0.00%
Oxford, MS (FHA|USDA|VA) 3 $485,000 $161,667 $0 0.00%
Murray, KY (FHA|USDA|VA) 1 $475,000 $475,000 $0 0.00%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 2 $460,000 $230,000 $0 0.00%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
ASHEVILLE, NC (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%

Commercial Bank & Trust Co.'s top markets include Jackson, Memphis, Paris, Union City, and Nashville among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 420 $95,320,000 $226,952 $0 0.00%

For the 2021 period, Commercial Bank & Trust Co.'s most frequently originated loan type of loans were Conventional, with 420 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 198 $47,970,000 $242,273 $0 0.00%
Refi 141 $31,925,000 $226,418 $0 0.00%
Cash Out Refi 57 $12,185,000 $213,772 $0 0.00%
Other 14 $2,400,000 $171,429 $0 0.00%
Home Improvement 10 $840,000 $84,000 $0 0.00%

For the 2021, Commercial Bank & Trust Co.'s most frequently cited loan purpose of loans were Home Purchase, with 198 originations. The 2nd most popular reason of loans were Refi, with 141 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 420 $95,320,000 $226,952 $0 0.00%

For the 2021, Commercial Bank & Trust Co.'s most frequently cited loan length of loans were Other, with 420 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 152 $21,680,000 $142,632 $0 0.00%
$200k-400k 130 $35,770,000 $275,154 $0 0.00%
$100,000 or less 88 $5,780,000 $65,682 $0 0.00%
$400k-600k 36 $17,560,000 $487,778 $0 0.00%
$600k-1MM 8 $6,300,000 $787,500 $0 0.00%
$1MM+ 6 $8,230,000 $1,371,667 $0 0.00%

2021 saw Commercial Bank & Trust Co. place emphasis on $100k-200k loans with 152 originations, totaling $21,680,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 79 $17,225,000 $218,038 $0 0.00%
$250k+ 67 $25,855,000 $385,896 $0 0.00%
$75k-100k 64 $11,130,000 $173,906 $0 0.00%
$50k-75k 58 $8,510,000 $146,724 $0 0.00%
$150k-250k 56 $12,760,000 $227,857 $0 0.00%
$50k or less 56 $5,680,000 $101,429 $0 0.00%

Commercial Bank & Trust Co. lent most frequently to those with incomes in the $100k-150k range, with 79 originations. The second most popular income band? $250k+, with 67 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
Exempt% 420 $95,320,000 $226,952 $0 0.00%

Commercial Bank & Trust Co. lent most frequently to those with DTI ratios of Exempt%, with 420 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 373 $77,845,000 $208,700 $0 0.00%
Not applicable 23 $11,145,000 $484,565 $0 0.00%
Asian 11 $4,115,000 $374,091 $0 0.00%
Black 11 $1,965,000 $178,636 $0 0.00%
Not provided 2 $250,000 $125,000 $0 0.00%

Approval Rates

Total approvals of all applications
88.80%

Commercial Bank & Trust Co. has an average approval rate.

Pick Rate

Approvals leading to origination
84.28%

Commercial Bank & Trust Co. has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
Exempt 420 $95,320,000 $226,952

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
420 $95,320,000 $226,952

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
COMMERCE BANK Conventional home mortgage Closing on a mortgage 1 33.3%
COMMERCE BANK Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%
COMMERCE BANK FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Commercial Bank & Trust Co. 709 East Reelfoot Avenue Union City, TN 38261 Full Service B&M $51,163
Commercial Bank & Trust Co. 101 North Poplar St. Paris, TN 38242 Full Service B&M $226,050
Commercial Bank & Trust Co. 127 South First Street Union City, TN 38261 Full Service B&M $98,783
Commercial Bank & Trust Co. 2000 Union Avenue Memphis, TN 38104 Full Service B&M $112,035
Commercial Bank & Trust Co. 3093 North Highland Avenue Jackson, TN 38305 Limited, Mobile/Seasonal Office $0
Commercial Bank & Trust Co. 3093 North Highland Avenue Jackson, TN 38305 Full Service B&M $85,681
Commercial Bank & Trust Co. 510 S. Mendenhall Memphis, TN 38137 Full Service B&M $229,125
Commercial Bank & Trust Co. 79a Stonebridge Boulevard Jackson, TN 38305 Full Service B&M $77,109
Commercial Bank & Trust Co. 914 East Wood Street Paris, TN 38242 Full Service B&M $4,259
Commercial Bank & Trust Co. Mineral Wells Avenue Paris, TN 38242 Full Service B&M $77,266

For 2021, Commercial Bank & Trust Co. had 10 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $32,153
Net interest income $29,770
Total noninterest income $17,908
Gross Fiduciary activities income $2,166
Service charges on deposit accounts $704
Trading account gains and fees $0
Additional Noninterest Income $15,038
Pre-tax net operating income $18,099
Securities gains (or losses, -) $63
Income before extraordinary items $17,289
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $17,289
Minority interest net income $0
Net income $17,289
Sale, conversion, retirement of capital stock, net $0
Net operating income $17,229

Commercial Bank & Trust Co.'s gross interest income from loans was $32,153,000.
Commercial Bank & Trust Co.'s net interest income from loans was $29,770,000.
Commercial Bank & Trust Co.'s fee based income from loans was $704,000.
Commercial Bank & Trust Co.'s net income from loans was $17,289,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $2,383
Provision for credit losses $1,022
Total noninterest expense $28,557
Salaries and employee benefits $15,815
Premises and equipment expense $5,090
Additional noninterest expense $7,652
Applicable income taxes $873
Net charge-offs $72
Cash dividends $6,535

Commercial Bank & Trust Co.'s interest expense for loans was $2,383,000.
Commercial Bank & Trust Co.'s payroll and benefits expense were $15,815,000.
Commercial Bank & Trust Co.'s property, plant and equipment expenses $5,090,000.

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 3.0%
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 $1,045,278
Deposits held in domestic offices $1,045,278
Deposits by Individuals, partnerships, and corporations $996,511
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $47,095
Deposits by Commercial banks and other depository institutions in U.S. $1,672
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $436,236
Demand deposits $189,917
Nontransaction accounts $609,042
Money market deposit accounts (MMDAs) $425,579
Other savings deposits (excluding MMDAs) $65,851
Total time deposits $117,612
Total time and savings deposits $855,361
Noninterest-bearing deposits $299,403
Interest-bearing deposits $745,875
Retail deposits $1,023,653
IRAs and Keogh plan accounts $15,396
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $1,157,694
Cash & Balances due from depository institutions $173,145
Interest-bearing balances $149,328
Total securities $428,257
Federal funds sold & reverse repurchase $40,025
Net loans and leases $465,585
Loan and leases loss allowance $8,363
Trading account assets $0
Bank premises and fixed assets $7,533
Other real estate owned $0
Goodwill and other intangibles $4,141
All other assets $39,008

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $1,157,694
Total Liabilities $1,052,335
Total deposits $1,045,278
Interest-bearing deposits $745,875
Deposits held in domestic offices $1,045,278
% insured (estimated) $66
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $7,057

Issued Loan Types

Type Value (in 000's)
Net loans and leases $465,585
Loan and leases loss allowance $8,363
Total loans and leases (domestic) $473,948
All real estate loans $322,131
Real estate loans in domestic offices $322,131
Construction and development loans $10,059
Residential 1-4 family construction $1,198
Other construction, all land development and other land $8,861
Loans secured by nonfarm nonresidential properties $90,961
Nonfarm nonresidential secured by owner-occupied properties $15,566
Commercial real estate & other non-farm, non-residential $75,395
Multifamily residential real estate $8,938
1-4 family residential loans $188,018
Farmland loans $24,155
Loans held in foreign offices $0
Farm loans $9,946
Commercial and industrial loans $101,658
To non-U.S. addressees $0
Loans to individuals $27,281
Credit card loans $0
Related Plans $95
Consumer Auto Loans $9,619
Other loans to individuals $17,567
All other loans & leases $12,932
Loans to foreign governments and official institutions $0
Other loans $8,866
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $4,894
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $127
Non 1-4 family restructured loans & leases $116
Total loans and leases (foreign) $0

Commercial Bank & Trust Co. had $465,585,000 of loans outstanding in 2021. $322,131,000 of loans were in real estate loans. $10,059,000 of loans were in development loans. $8,938,000 of loans were in multifamily mortgage loans. $188,018,000 of loans were in 1-4 family mortgage loans. $9,946,000 of loans were in farm loans. $0 of loans were in credit card loans. $9,619,000 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 266 $50,730 $190,714
Nonfarm, nonresidential loans - <$100k 63 $2,054 $32,603
Nonfarm, nonresidential loans - $100-250k 96 $11,498 $119,771
Nonfarm, nonresidential loans - $250k-1MM 107 $37,178 $347,458
Commercial & Industrial, US addressed loans - <$1MM 680 $33,899 $49,851
Commercial & Industrial, US addressed loans - <$100k 509 $9,499 $18,662
Commercial & Industrial, US addressed loans - $100-250k 94 $8,235 $87,606
Commercial & Industrial, US addressed loans - $250k-1MM 77 $16,165 $209,935
Farmland loans - <$1MM 150 $15,116 $100,773
Farmland loans - <$100k 40 $1,404 $35,100
Farmland loans - $100-250k 60 $5,120 $85,333
Farmland loans - $250k-1MM 50 $8,592 $171,840
Agriculture operations loans - <$1MM 178 $6,319 $35,500
Agriculture operations loans - <$100k 122 $1,999 $16,385
Agriculture operations loans - $100-250k 41 $3,241 $79,049
Agriculture operations loans - $250k-1MM 15 $1,079 $71,933