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

Paris, TN

LEI: 549300P3JUY6QMZ8DY86

Tax ID: 62-0167630

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

Commercial Bank & Trust Co. is a smaller bank specializing in Refi and Home Purchase loans. Commercial Bank & Trust Co. has a high proportion of conventional loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Memphis, Jackson, Paris, Union City, and Nashville among others. We have data for 24 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

483

Origination Dollar Volume (All Markets)

$106,695,000

Employee count

188

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)	110	$33,070,000	$300,636	$0	0.00%
JACKSON, TN (FHA\|USDA\|VA)	132	$26,370,000	$199,773	$0	0.00%
Paris, TN (FHA\|USDA\|VA)	118	$18,170,000	$153,983	$0	0.00%
Union City, TN (FHA\|USDA\|VA)	50	$9,060,000	$181,200	$0	0.00%
Outside of Metro Areas	31	$6,565,000	$211,774	$0	0.00%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA\|USDA\|VA)	10	$2,790,000	$279,000	$0	0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA\|USDA\|VA)	3	$2,535,000	$845,000	$0	0.00%
Boone, NC (FHA\|USDA\|VA)	1	$1,405,000	$1,405,000	$0	0.00%
NEW ORLEANS-METAIRIE, LA (FHA\|USDA\|VA)	1	$1,325,000	$1,325,000	$0	0.00%
Martin, TN (FHA\|USDA\|VA)	7	$785,000	$112,143	$0	0.00%
Murray, KY (FHA\|USDA\|VA)	4	$650,000	$162,500	$0	0.00%
Blytheville, AR (FHA\|USDA\|VA)	1	$645,000	$645,000	$0	0.00%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA\|USDA\|VA)	1	$505,000	$505,000	$0	0.00%
CLARKSVILLE, TN-KY (FHA\|USDA\|VA)	3	$355,000	$118,333	$0	0.00%
PANAMA CITY, FL (FHA\|USDA\|VA)	1	$335,000	$335,000	$0	0.00%
GREENSBORO-HIGH POINT, NC (FHA\|USDA\|VA)	1	$315,000	$315,000	$0	0.00%
WINSTON-SALEM, NC (FHA\|USDA\|VA)	1	$315,000	$315,000	$0	0.00%
MORRISTOWN, TN (FHA\|USDA\|VA)	1	$255,000	$255,000	$0	0.00%
BRUNSWICK, GA (FHA\|USDA\|VA)	1	$255,000	$255,000	$0	0.00%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA\|USDA\|VA)	1	$235,000	$235,000	$0	0.00%
Cullman, AL (FHA\|USDA\|VA)	1	$235,000	$235,000	$0	0.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA\|USDA\|VA)	1	$205,000	$205,000	$0	0.00%
LOUISVILLE, KY (FHA\|USDA\|VA)	1	$175,000	$175,000	$0	0.00%
Brownsville, TN (FHA\|USDA\|VA)	2	$140,000	$70,000	$0	0.00%

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

Their top states include:

Tennessee (FHA|USDA|VA)

Arkansas (FHA|USDA|VA)

Florida (FHA|USDA|VA)

North Carolina (FHA|USDA|VA)

Mississippi (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	480	$106,420,000	$221,708	$0	0.00%
USDA	2	$190,000	$95,000	$0	0.00%
FHA	1	$85,000	$85,000	$0	0.00%

For 2020, Commercial Bank & Trust Co.'s most frequently originated type of loan was Conventional, with 480 originations. Their 2nd most popular type was USDA, with 2 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Refi	229	$52,905,000	$231,026	$0	0.00%
Home Purchase	202	$43,950,000	$217,574	$0	0.00%
Cash Out Refi	32	$7,710,000	$240,938	$0	0.00%
Home Improvement	10	$780,000	$78,000	$0	0.00%
Other	10	$1,350,000	$135,000	$0	0.00%

For 2020, Commercial Bank & Trust Co.'s most frequently cited loan purpose was Refi, with 229 originations. The 2nd most popular reason was Home Purchase, with 202 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	483	$106,695,000	$220,901	$0	0.00%

For 2020, Commercial Bank & Trust Co.'s most frequently cited loan duration was Other, with 483 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$200k-400k	160	$44,510,000	$278,188	$0	0.00%
$100k-200k	158	$23,210,000	$146,899	$0	0.00%
$100,000 or less	111	$7,015,000	$63,198	$0	0.00%
$400k-600k	41	$19,385,000	$472,805	$0	0.00%
$600k-1MM	9	$6,885,000	$765,000	$0	0.00%
$1MM+	4	$5,690,000	$1,422,500	$0	0.00%

2020 saw Commercial Bank & Trust Co. place emphasis on $200k-400k loans with 160 originations, totaling $44,510,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	87	$18,755,000	$215,575	$0	0.00%
$250k+	78	$29,260,000	$375,128	$0	0.00%
$150k-250k	77	$19,635,000	$255,000	$0	0.00%
$75k-100k	69	$10,855,000	$157,319	$0	0.00%
$50k-75k	59	$7,965,000	$135,000	$0	0.00%
$50k or less	53	$5,035,000	$95,000	$0	0.00%

Commercial Bank & Trust Co. lent most frequently to those with incomes in the $100k-150k range, with 87 originations. The second most popular income band? $250k+, with 78 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	483	$106,695,000	$220,901	$0	0.00%

Commercial Bank & Trust Co. lent most frequently to those with DTI ratios of Exempt%, with 483 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	430	$92,210,000	$214,442	$0	0.00%
Not applicable	34	$10,030,000	$295,000	$0	0.00%
Black	12	$2,320,000	$193,333	$0	0.00%
Asian	3	$1,475,000	$491,667	$0	0.00%
Not provided	3	$535,000	$178,333	$0	0.00%
American Indian	1	$125,000	$125,000	$0	0.00%

Approval Rates

Total approvals of all applications
89.05%

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

Pick Rate

Approvals leading to origination
85.51%

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

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	483	$106,695,000	$220,901

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Manufactured	1	$25,000	$25,000
Multifamily:Site-Built	5	$3,145,000	$629,000
Single Family (1-4 Units):Manufactured	16	$840,000	$52,500
Single Family (1-4 Units):Site-Built	461	$102,685,000	$222,744

Complaints

Bank Name	Product	Issue	2020 CPFB Complaints	% of Total Issues
COMMERCE BANK	Conventional home mortgage	Closing on a mortgage	2	66.7%
COMMERCE BANK	Home equity loan or line of credit (HELOC)	Trouble during payment process	1	33.3%

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	$194,134
Commercial Bank & Trust Co.	127 South First Street Union City, TN 38261	Full Service B&M	$83,415
Commercial Bank & Trust Co.	2000 Union Avenue Memphis, TN 38104	Full Service B&M	$88,292
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	$81,855
Commercial Bank & Trust Co.	50 North Front Street Suite 120 Memphis, TN 38103	Full Service B&M	$12,008
Commercial Bank & Trust Co.	510 S. Mendenhall Memphis, TN 38137	Full Service B&M	$176,725
Commercial Bank & Trust Co.	709 East Reelfoot Avenue Union City, TN 38261	Full Service B&M	$45,680
Commercial Bank & Trust Co.	79a Stonebridge Boulevard Jackson, TN 38305	Full Service B&M	$70,984
Commercial Bank & Trust Co.	914 East Wood Street Paris, TN 38242	Full Service B&M	$3,818
Commercial Bank & Trust Co.	Mineral Wells Avenue Paris, TN 38242	Full Service B&M	$63,808

For 2020, Commercial Bank & Trust Co. had 11 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$31,578
Net interest income	$27,867
Total noninterest income	$13,455
Gross Fiduciary activities income	$1,797
Service charges on deposit accounts	$744
Trading account gains and fees	$0
Additional Noninterest Income	$10,914
Pre-tax net operating income	$13,805
Securities gains (or losses, -)	$178
Income before extraordinary items	$13,565
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$13,565
Minority interest net income	$0
Net income	$13,565
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$13,392

Commercial Bank & Trust Co.'s gross interest income from loans was $31,578,000.
Commercial Bank & Trust Co.'s net interest income from loans was $27,867,000.
Commercial Bank & Trust Co.'s fee based income from loans was $744,000.
Commercial Bank & Trust Co.'s net income from loans was $13,565,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$3,711
Provision for credit losses	$1,083
Total noninterest expense	$26,434
Salaries and employee benefits	$15,260
Premises and equipment expense	$2,638
Additional noninterest expense	$8,536
Applicable income taxes	$418
Net charge-offs	$844
Cash dividends	$6,925

Commercial Bank & Trust Co.'s interest expense for loans was $3,711,000.
Commercial Bank & Trust Co.'s payroll and benefits expense were $15,260,000.
Commercial Bank & Trust Co.'s property, plant and equipment expenses $2,638,000.

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	$892,454
Deposits held in domestic offices	$892,454
Deposits by Individuals, partnerships, and corporations	$853,603
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$37,363
Deposits by Commercial banks and other depository institutions in U.S.	$1,488
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$377,623
Demand deposits	$180,070
Nontransaction accounts	$514,831
Money market deposit accounts (MMDAs)	$338,749
Other savings deposits (excluding MMDAs)	$54,478
Total time deposits	$121,604
Total time and savings deposits	$712,384
Noninterest-bearing deposits	$269,870
Interest-bearing deposits	$622,584
Retail deposits	$872,525
IRAs and Keogh plan accounts	$14,628
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$999,777
Cash & Balances due from depository institutions	$179,257
Interest-bearing balances	$136,123
Total securities	$253,069
Federal funds sold & reverse repurchase	$0
Net loans and leases	$519,376
Loan and leases loss allowance	$7,413
Trading account assets	$0
Bank premises and fixed assets	$5,694
Other real estate owned	$217
Goodwill and other intangibles	$4,141
All other assets	$38,023

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$999,777
Total Liabilities	$899,972
Total deposits	$892,454
Interest-bearing deposits	$622,584
Deposits held in domestic offices	$892,454
% insured (estimated)	$69
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$0
Subordinated debt	$0
All other liabilities	$7,518

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$519,376
Loan and leases loss allowance	$7,413
Total loans and leases (domestic)	$526,789
All real estate loans	$329,439
Real estate loans in domestic offices	$329,439
Construction and development loans	$9,994
Residential 1-4 family construction	$7,066
Other construction, all land development and other land	$2,928
Loans secured by nonfarm nonresidential properties	$92,887
Nonfarm nonresidential secured by owner-occupied properties	$16,450
Commercial real estate & other non-farm, non-residential	$76,437
Multifamily residential real estate	$7,058
1-4 family residential loans	$192,763
Farmland loans	$26,737
Loans held in foreign offices	$0
Farm loans	$12,736
Commercial and industrial loans	$137,403
To non-U.S. addressees	$0
Loans to individuals	$27,968
Credit card loans	$0
Related Plans	$103
Consumer Auto Loans	$10,001
Other loans to individuals	$17,864
All other loans & leases	$19,243
Loans to foreign governments and official institutions	$0
Other loans	$12,699
Loans to depository institutions and acceptances of other banks	$0
Loans not secured by real estate	$3,672
Loans secured by real estate to non-U.S. addressees	$0
Restructured Loans & leases	$155
Non 1-4 family restructured loans & leases	$155
Total loans and leases (foreign)	$0

Commercial Bank & Trust Co. had $519,376,000 of loans outstanding in 2020. $329,439,000 of loans were in real estate loans. $9,994,000 of loans were in development loans. $7,058,000 of loans were in multifamily mortgage loans. $192,763,000 of loans were in 1-4 family mortgage loans. $12,736,000 of loans were in farm loans. $0 of loans were in credit card loans. $10,001,000 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	274	$54,443	$198,697
Nonfarm, nonresidential loans - <$100k	71	$2,410	$33,944
Nonfarm, nonresidential loans - $100-250k	93	$10,710	$115,161
Nonfarm, nonresidential loans - $250k-1MM	110	$41,323	$375,664
Commercial & Industrial, US addressed loans - <$1MM	1,218	$67,472	$55,396
Commercial & Industrial, US addressed loans - <$100k	934	$21,252	$22,754
Commercial & Industrial, US addressed loans - $100-250k	178	$19,007	$106,781
Commercial & Industrial, US addressed loans - $250k-1MM	106	$27,213	$256,726
Farmland loans - <$1MM	151	$17,853	$118,232
Farmland loans - <$100k	45	$1,592	$35,378
Farmland loans - $100-250k	67	$7,308	$109,075
Farmland loans - $250k-1MM	39	$8,953	$229,564
Agriculture operations loans - <$1MM	226	$7,827	$34,633
Agriculture operations loans - <$100k	164	$3,169	$19,323
Agriculture operations loans - $100-250k	48	$3,284	$68,417
Agriculture operations loans - $250k-1MM	14	$1,374	$98,143