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

Paris, TN

LEI: 549300P3JUY6QMZ8DY86

Tax ID: 62-0167630

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 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. Their top markets by origination volume include: Jackson, Memphis, Paris, Union City, and Nashville among others. We have data for 23 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

420

Origination Dollar Volume (All Markets)

$95,320,000

Employee count

190

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
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.

Their top states include:

Tennessee (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Mississippi (FHA|USDA|VA)

Alabama (FHA|USDA|VA)

Kentucky (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	420	$95,320,000	$226,952	$0	0.00%

For 2021, Commercial Bank & Trust Co.'s most frequently originated type of loan was Conventional, with 420 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. 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 2021, Commercial Bank & Trust Co.'s most frequently cited loan purpose was Home Purchase, with 198 originations. The 2nd most popular reason was 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 2021, Commercial Bank & Trust Co.'s most frequently cited loan duration was 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
89.23%

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

Pick Rate

Approvals leading to origination
83.57%

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.	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.	709 East Reelfoot Avenue Union City, TN 38261	Full Service B&M	$51,163
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

Item	Value (in 000's)
Total interest income	$32,153
Net interest income	$29,770
Total noninterest income	$17,908
Gross Fiduciary activities income	$2,166
Service charges on deposit accounts	$704
Trading account gains and fees	$0
Additional Noninterest Income	$15,038
Pre-tax net operating income	$18,099
Securities gains (or losses, -)	$63
Income before extraordinary items	$17,289
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$17,289
Minority interest net income	$0
Net income	$17,289
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$17,229

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.

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	$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