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

Paris, TN

LEI: 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

312

Origination Dollar Volume (All Markets)

$59,140,000

Employee count

183

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

Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 287 $55,485,000 $193,328 $0 0.00%
    FHA 14 $1,950,000 $139,286 $0 0.00%
    USDA 6 $660,000 $110,000 $0 0.00%
    VA 5 $1,045,000 $209,000 $0 0.00%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 225 $44,905,000 $199,578 $0 0.00%
    Refi 59 $9,835,000 $166,695 $0 0.00%
    Cash Out Refi 16 $3,560,000 $222,500 $0 0.00%
    Home Improvement 7 $625,000 $89,286 $0 0.00%
    Other 5 $215,000 $43,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 106 $6,080,000 $57,358 $0 0.00%
    $100k-200k 101 $14,555,000 $144,109 $0 0.00%
    $200k-400k 84 $23,150,000 $275,595 $0 0.00%
    $400k-600k 13 $6,085,000 $468,077 $0 0.00%
    $1MM+ 4 $6,180,000 $1,545,000 $0 0.00%
    $600k-1MM 4 $3,090,000 $772,500 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 58 $9,870,000 $170,172 $0 0.00%
    $50k or less 49 $4,535,000 $92,551 $0 0.00%
    $250k+ 45 $18,575,000 $412,778 $0 0.00%
    $50k-75k 45 $5,715,000 $127,000 $0 0.00%
    $150k-250k 43 $8,285,000 $192,674 $0 0.00%
    $75k-100k 41 $6,485,000 $158,171 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 270 $51,360,000 $190,222 $0 0.00%
    Not applicable 28 $5,220,000 $186,429 $0 0.00%
    Black 13 $2,205,000 $169,615 $0 0.00%
    Asian 1 $355,000 $355,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.76%

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

    Pick Rate

    Approvals leading to origination
    82.05%

    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

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $2,505,000 $357,857
    Single Family (1-4 Units):Manufactured 13 $805,000 $61,923
    Single Family (1-4 Units):Site-Built 292 $55,830,000 $191,199

    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