Commercial Bank & Trust Co. Mortgage Rates, Fees & Info
Paris, TNLEI: 549300P3JUY6QMZ8DY86
Tax ID: 62-0167630
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Mortgage Data
Bank Data
Review & Overview
Commercial Bank & Trust Co. is a smaller bank specializing in Home Purchase loans. Commercial Bank & Trust Co. has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Memphis, Jackson, Paris, Union City, and Crestview among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)Commercial Bank & Trust Co. has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
312Origination Dollar Volume (All Markets)
$59,140,000Employee count
183Top 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 |
|---|---|---|---|---|---|
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 65 | $17,045,000 | $262,231 | $0 | 0.00% |
| JACKSON, TN (FHA|USDA|VA) | 91 | $15,775,000 | $173,352 | $0 | 0.00% |
| Paris, TN (FHA|USDA|VA) | 60 | $8,630,000 | $143,833 | $0 | 0.00% |
| Union City, TN (FHA|USDA|VA) | 54 | $7,180,000 | $132,963 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $2,550,000 | $1,275,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 10 | $2,410,000 | $241,000 | $0 | 0.00% |
| Outside of Metro Areas | 13 | $1,955,000 | $150,385 | $0 | 0.00% |
| Martin, TN (FHA|USDA|VA) | 4 | $670,000 | $167,500 | $0 | 0.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 0.00% |
| Brownsville, TN (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 0.00% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| Murray, KY (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 0.00% |
| Dyersburg, TN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| Starkville, MS (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 0.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Searcy, AR (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
For 2018, Commercial Bank & Trust Co.'s most frequently originated type of loan was Conventional, with 287 originations. Their 2nd most popular type was FHA, with 14 originations.
Loan Reason
For 2018, Commercial Bank & Trust Co.'s most frequently cited loan purpose was Home Purchase, with 225 originations. The 2nd most popular reason was Refi, with 59 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 312 | $59,140,000 | $189,551 | $0 | 0.00% |
For 2018, Commercial Bank & Trust Co.'s most frequently cited loan duration was Other, with 312 originations.
Loan Sizing
2018 saw Commercial Bank & Trust Co. place emphasis on $100,000 or less loans with 106 originations, totaling $6,080,000 in origination value.
Applicant Income
Commercial Bank & Trust Co. lent most frequently to those with incomes in the $100k-150k range, with 58 originations. The second most popular income band? $50k or less, with 49 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 312 | $59,140,000 | $189,551 | $0 | 0.00% |
Commercial Bank & Trust Co. lent most frequently to those with DTI ratios of Exempt%, with 312 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.76%
Commercial Bank & Trust Co. has an average approval rate.
Pick Rate
Approvals leading to origination82.05%
Commercial Bank & Trust Co. has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 312 | $59,140,000 | $189,551 |
Occupancy Type Mix
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 Bank & Trust Co. | 101 North Poplar St. Paris, TN 38242 | Full Service B&M | $169,744 |
| Commercial Bank & Trust Co. | 127 South First Street Union City, TN 38261 | Full Service B&M | $90,515 |
| Commercial Bank & Trust Co. | 2000 Union Avenue Memphis, TN 38104 | Full Service B&M | $68,133 |
| 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 | $55,649 |
| Commercial Bank & Trust Co. | 50 North Front Street Suite 120 Memphis, TN 38103 | Full Service B&M | $16,390 |
| Commercial Bank & Trust Co. | 510 S. Mendenhall Memphis, TN 38137 | Full Service B&M | $118,556 |
| Commercial Bank & Trust Co. | 709 East Reelfoot Avenue Union City, TN 38261 | Full Service B&M | $35,980 |
| Commercial Bank & Trust Co. | 79a Stonebridge Boulevard Jackson, TN 38305 | Full Service B&M | $42,763 |
| Commercial Bank & Trust Co. | 914 East Wood Street Paris, TN 38242 | Full Service B&M | $4,018 |
| Commercial Bank & Trust Co. | Mineral Wells Avenue Paris, TN 38242 | Full Service B&M | $47,082 |
For 2018, Commercial Bank & Trust Co. had 11 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $31,163 |
| Net interest income | $27,813 |
| Total noninterest income | $9,912 |
| Gross Fiduciary activities income | $1,251 |
| Service charges on deposit accounts | $1,266 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $7,395 |
| Pre-tax net operating income | $14,382 |
| Securities gains (or losses, -) | $4 |
| Income before extraordinary items | $13,600 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $13,600 |
| Minority interest net income | $0 |
| Net income | $13,600 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $13,596 |
Commercial Bank & Trust Co.'s gross interest income from loans was $31,163,000.
Commercial Bank & Trust Co.'s net interest income from loans was $27,813,000.
Commercial Bank & Trust Co.'s fee based income from loans was $1,266,000.
Commercial Bank & Trust Co.'s net income from loans was $13,600,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $3,350 |
| Provision for credit losses | $591 |
| Total noninterest expense | $22,752 |
| Salaries and employee benefits | $12,701 |
| Premises and equipment expense | $2,378 |
| Additional noninterest expense | $7,673 |
| Applicable income taxes | $786 |
| Net charge-offs | $466 |
| Cash dividends | $10,100 |
Commercial Bank & Trust Co.'s interest expense for loans was $3,350,000.
Commercial Bank & Trust Co.'s payroll and benefits expense were $12,701,000.
Commercial Bank & Trust Co.'s property, plant and equipment expenses $2,378,000.
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 | 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 | $654,817 |
| Deposits held in domestic offices | $654,817 |
| Deposits by Individuals, partnerships, and corporations | $616,173 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $36,268 |
| Deposits by Commercial banks and other depository institutions in U.S. | $2,376 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $211,668 |
| Demand deposits | $82,419 |
| Nontransaction accounts | $443,149 |
| Money market deposit accounts (MMDAs) | $275,561 |
| Other savings deposits (excluding MMDAs) | $43,354 |
| Total time deposits | $124,234 |
| Total time and savings deposits | $572,398 |
| Noninterest-bearing deposits | $153,845 |
| Interest-bearing deposits | $500,972 |
| Retail deposits | $637,807 |
| IRAs and Keogh plan accounts | $14,345 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $740,176 |
| Cash & Balances due from depository institutions | $33,925 |
| Interest-bearing balances | $18,819 |
| Total securities | $182,691 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $483,370 |
| Loan and leases loss allowance | $6,742 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $5,139 |
| Other real estate owned | $381 |
| Goodwill and other intangibles | $4,141 |
| All other assets | $30,529 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $740,176 |
| Total Liabilities | $660,621 |
| Total deposits | $654,817 |
| Interest-bearing deposits | $500,972 |
| Deposits held in domestic offices | $654,817 |
| % insured (estimated) | $78 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $5,804 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $483,370 |
| Loan and leases loss allowance | $6,742 |
| Total loans and leases (domestic) | $490,112 |
| All real estate loans | $336,719 |
| Real estate loans in domestic offices | $336,719 |
| Construction and development loans | $15,231 |
| Residential 1-4 family construction | $7,908 |
| Other construction, all land development and other land | $7,323 |
| Loans secured by nonfarm nonresidential properties | $89,088 |
| Nonfarm nonresidential secured by owner-occupied properties | $21,523 |
| Commercial real estate & other non-farm, non-residential | $67,565 |
| Multifamily residential real estate | $5,523 |
| 1-4 family residential loans | $195,901 |
| Farmland loans | $30,976 |
| Loans held in foreign offices | $0 |
| Farm loans | $15,917 |
| Commercial and industrial loans | $91,592 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $32,311 |
| Credit card loans | $0 |
| Related Plans | $235 |
| Consumer Auto Loans | $11,679 |
| Other loans to individuals | $20,397 |
| All other loans & leases | $13,573 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $8,565 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $6,175 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $1,601 |
| Non 1-4 family restructured loans & leases | $102 |
| Total loans and leases (foreign) | $0 |
Commercial Bank & Trust Co. had $483,370,000 of loans outstanding in 2018. $336,719,000 of loans were in real estate loans. $15,231,000 of loans were in development loans. $5,523,000 of loans were in multifamily mortgage loans. $195,901,000 of loans were in 1-4 family mortgage loans. $15,917,000 of loans were in farm loans. $0 of loans were in credit card loans. $11,679,000 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 | 308 | $56,274 | $182,708 |
| Nonfarm, nonresidential loans - <$100k | 82 | $2,923 | $35,646 |
| Nonfarm, nonresidential loans - $100-250k | 110 | $11,637 | $105,791 |
| Nonfarm, nonresidential loans - $250k-1MM | 116 | $41,714 | $359,603 |
| Commercial & Industrial, US addressed loans - <$1MM | 778 | $43,775 | $56,266 |
| Commercial & Industrial, US addressed loans - <$100k | 590 | $10,838 | $18,369 |
| Commercial & Industrial, US addressed loans - $100-250k | 108 | $9,717 | $89,972 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 80 | $23,220 | $290,250 |
| Farmland loans - <$1MM | 185 | $21,880 | $118,270 |
| Farmland loans - <$100k | 64 | $2,309 | $36,078 |
| Farmland loans - $100-250k | 82 | $9,187 | $112,037 |
| Farmland loans - $250k-1MM | 39 | $10,384 | $266,256 |
| Agriculture operations loans - <$1MM | 260 | $9,708 | $37,338 |
| Agriculture operations loans - <$100k | 186 | $3,611 | $19,414 |
| Agriculture operations loans - $100-250k | 53 | $3,765 | $71,038 |
| Agriculture operations loans - $250k-1MM | 21 | $2,332 | $111,048 |