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 and Refi 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 Nashville among others. We have data for 16 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)
$51,980,000Employee 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) | 74 | $14,070,000 | $190,135 | $0 | 0.00% |
| JACKSON, TN (FHA|USDA|VA) | 79 | $13,525,000 | $171,203 | $0 | 0.00% |
| Paris, TN (FHA|USDA|VA) | 73 | $9,225,000 | $126,370 | $0 | 0.00% |
| Union City, TN (FHA|USDA|VA) | 46 | $6,350,000 | $138,043 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 7 | $2,785,000 | $397,857 | $0 | 0.00% |
| Outside of Metro Areas | 11 | $2,195,000 | $199,545 | $0 | 0.00% |
| Martin, TN (FHA|USDA|VA) | 11 | $1,095,000 | $99,545 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $0 | 0.00% |
| Murray, KY (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 0.00% |
| Dyersburg, TN (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $0 | 0.00% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| Searcy, AR (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Crossville, TN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
Product Mix
For 2019, Commercial Bank & Trust Co.'s most frequently originated type of loan was Conventional, with 289 originations. Their 2nd most popular type was FHA, with 9 originations.
Loan Reason
For 2019, Commercial Bank & Trust Co.'s most frequently cited loan purpose was Home Purchase, with 218 originations. The 2nd most popular reason was Refi, with 57 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 312 | $51,980,000 | $166,603 | $0 | 0.00% |
For 2019, Commercial Bank & Trust Co.'s most frequently cited loan duration was Other, with 312 originations.
Loan Sizing
2019 saw Commercial Bank & Trust Co. place emphasis on $100,000 or less loans with 120 originations, totaling $7,090,000 in origination value.
Applicant Income
Commercial Bank & Trust Co. lent most frequently to those with incomes in the $50k-75k range, with 53 originations. The second most popular income band? $50k or less, with 50 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 312 | $51,980,000 | $166,603 | $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 applications86.89%
Commercial Bank & Trust Co. has an average approval rate.
Pick Rate
Approvals leading to origination85.58%
Commercial Bank & Trust Co. has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 312 | $51,980,000 | $166,603 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| COMMERCE BANK | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| COMMERCE BANK | Other type of mortgage | Trouble during payment process | 1 | 50.0% |
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 | $174,352 |
| Commercial Bank & Trust Co. | 127 South First Street Union City, TN 38261 | Full Service B&M | $74,348 |
| Commercial Bank & Trust Co. | 2000 Union Avenue Memphis, TN 38104 | Full Service B&M | $74,516 |
| 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 | $66,610 |
| Commercial Bank & Trust Co. | 50 North Front Street Suite 120 Memphis, TN 38103 | Full Service B&M | $12,318 |
| Commercial Bank & Trust Co. | 510 S. Mendenhall Memphis, TN 38137 | Full Service B&M | $140,500 |
| Commercial Bank & Trust Co. | 709 East Reelfoot Avenue Union City, TN 38261 | Full Service B&M | $39,031 |
| Commercial Bank & Trust Co. | 79a Stonebridge Boulevard Jackson, TN 38305 | Full Service B&M | $42,716 |
| Commercial Bank & Trust Co. | 914 East Wood Street Paris, TN 38242 | Full Service B&M | $3,510 |
| Commercial Bank & Trust Co. | Mineral Wells Avenue Paris, TN 38242 | Full Service B&M | $48,356 |
For 2019, Commercial Bank & Trust Co. had 11 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $33,783 |
| Net interest income | $27,900 |
| Total noninterest income | $10,837 |
| Gross Fiduciary activities income | $1,512 |
| Service charges on deposit accounts | $1,082 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $8,243 |
| Pre-tax net operating income | $13,922 |
| Securities gains (or losses, -) | $34 |
| Income before extraordinary items | $13,115 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $13,115 |
| Minority interest net income | $0 |
| Net income | $13,115 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $13,083 |
Commercial Bank & Trust Co.'s gross interest income from loans was $33,783,000.
Commercial Bank & Trust Co.'s net interest income from loans was $27,900,000.
Commercial Bank & Trust Co.'s fee based income from loans was $1,082,000.
Commercial Bank & Trust Co.'s net income from loans was $13,115,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $5,883 |
| Provision for credit losses | $937 |
| Total noninterest expense | $23,878 |
| Salaries and employee benefits | $13,815 |
| Premises and equipment expense | $2,338 |
| Additional noninterest expense | $7,725 |
| Applicable income taxes | $841 |
| Net charge-offs | $505 |
| Cash dividends | $10,200 |
Commercial Bank & Trust Co.'s interest expense for loans was $5,883,000.
Commercial Bank & Trust Co.'s payroll and benefits expense were $13,815,000.
Commercial Bank & Trust Co.'s property, plant and equipment expenses $2,338,000.
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 | $718,345 |
| Deposits held in domestic offices | $718,345 |
| Deposits by Individuals, partnerships, and corporations | $683,266 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $32,512 |
| Deposits by Commercial banks and other depository institutions in U.S. | $2,567 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $233,589 |
| Demand deposits | $88,347 |
| Nontransaction accounts | $484,756 |
| Money market deposit accounts (MMDAs) | $298,727 |
| Other savings deposits (excluding MMDAs) | $45,047 |
| Total time deposits | $140,982 |
| Total time and savings deposits | $629,998 |
| Noninterest-bearing deposits | $165,968 |
| Interest-bearing deposits | $552,377 |
| Retail deposits | $691,709 |
| IRAs and Keogh plan accounts | $14,621 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $812,750 |
| Cash & Balances due from depository institutions | $53,855 |
| Interest-bearing balances | $29,971 |
| Total securities | $212,506 |
| Federal funds sold & reverse repurchase | $36,300 |
| Net loans and leases | $470,507 |
| Loan and leases loss allowance | $7,174 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $5,618 |
| Other real estate owned | $402 |
| Goodwill and other intangibles | $4,141 |
| All other assets | $29,421 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $812,750 |
| Total Liabilities | $724,362 |
| Total deposits | $718,345 |
| Interest-bearing deposits | $552,377 |
| Deposits held in domestic offices | $718,345 |
| % insured (estimated) | $75 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $6,017 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $470,507 |
| Loan and leases loss allowance | $7,174 |
| Total loans and leases (domestic) | $477,681 |
| All real estate loans | $337,742 |
| Real estate loans in domestic offices | $337,742 |
| Construction and development loans | $14,645 |
| Residential 1-4 family construction | $9,133 |
| Other construction, all land development and other land | $5,512 |
| Loans secured by nonfarm nonresidential properties | $95,098 |
| Nonfarm nonresidential secured by owner-occupied properties | $19,115 |
| Commercial real estate & other non-farm, non-residential | $75,983 |
| Multifamily residential real estate | $5,276 |
| 1-4 family residential loans | $192,793 |
| Farmland loans | $29,930 |
| Loans held in foreign offices | $0 |
| Farm loans | $13,093 |
| Commercial and industrial loans | $82,355 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $29,831 |
| Credit card loans | $0 |
| Related Plans | $201 |
| Consumer Auto Loans | $11,002 |
| Other loans to individuals | $18,628 |
| All other loans & leases | $14,660 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $9,652 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $7,134 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $490 |
| Non 1-4 family restructured loans & leases | $291 |
| Total loans and leases (foreign) | $0 |
Commercial Bank & Trust Co. had $470,507,000 of loans outstanding in 2019. $337,742,000 of loans were in real estate loans. $14,645,000 of loans were in development loans. $5,276,000 of loans were in multifamily mortgage loans. $192,793,000 of loans were in 1-4 family mortgage loans. $13,093,000 of loans were in farm loans. $0 of loans were in credit card loans. $11,002,000 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 | 303 | $57,168 | $188,673 |
| Nonfarm, nonresidential loans - <$100k | 82 | $2,663 | $32,476 |
| Nonfarm, nonresidential loans - $100-250k | 114 | $13,245 | $116,184 |
| Nonfarm, nonresidential loans - $250k-1MM | 107 | $41,260 | $385,607 |
| Commercial & Industrial, US addressed loans - <$1MM | 722 | $39,092 | $54,144 |
| Commercial & Industrial, US addressed loans - <$100k | 532 | $10,481 | $19,701 |
| Commercial & Industrial, US addressed loans - $100-250k | 110 | $8,804 | $80,036 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 80 | $19,807 | $247,588 |
| Farmland loans - <$1MM | 171 | $20,844 | $121,895 |
| Farmland loans - <$100k | 53 | $2,059 | $38,849 |
| Farmland loans - $100-250k | 77 | $8,559 | $111,156 |
| Farmland loans - $250k-1MM | 41 | $10,226 | $249,415 |
| Agriculture operations loans - <$1MM | 238 | $8,138 | $34,193 |
| Agriculture operations loans - <$100k | 172 | $3,022 | $17,570 |
| Agriculture operations loans - $100-250k | 50 | $3,325 | $66,500 |
| Agriculture operations loans - $250k-1MM | 16 | $1,791 | $111,938 |