Commercial Bank & Trust Co. Mortgage Rates, Fees & Info
Paris, TN
LEI: 549300P3JUY6QMZ8DY86
Tax ID: 62-0167630
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Mortgage Data
Bank 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
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.
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 |
