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. 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
420Origination Dollar Volume (All Markets)
$95,320,000Employee count
190Top 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% |
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
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
2021 saw Commercial Bank & Trust Co. place emphasis on $100k-200k loans with 152 originations, totaling $21,680,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications89.23%
Commercial Bank & Trust Co. has an average approval rate.
Pick Rate
Approvals leading to origination83.57%
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 |
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 |