Commercial National Bank Mortgage Rates, Fees & Info

TEXARKANA, AR

LEI: 549300SG7DAVFO3NTC34

Tax ID: 71-0355189

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Commercial National Bank is a smaller bank specializing in Home Purchase and Refi loans. Commercial National Bank has a high proportion of conventional loans. Their top (well, only) market is Texarkana.

    Commercial National Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    64

    Origination Dollar Volume (All Markets)

    $14,750,000

    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
    TEXARKANA, TX-AR (FHA|USDA|VA) 58 $10,350,000 $178,448 $0 0.00%
    Outside of Metro Areas 6 $4,400,000 $733,333 $0 0.00%
    Commercial National Bank's top markets include and Texarkana among others.

    Their top states include:
  • Arkansas (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 64 $14,750,000 $230,469 $0 0.00%

    For 2019, Commercial National Bank's most frequently originated type of loan was Conventional, with 64 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 45 $10,185,000 $226,333 $0 0.00%
    Refi 14 $4,380,000 $312,857 $0 0.00%
    Home Improvement 4 $130,000 $32,500 $0 0.00%
    Other 1 $55,000 $55,000 $0 0.00%

    For 2019, Commercial National Bank's most frequently cited loan purpose was Home Purchase, with 45 originations. The 2nd most popular reason was Refi, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 64 $14,750,000 $230,469 $0 0.00%

    For 2019, Commercial National Bank's most frequently cited loan duration was Other, with 64 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 33 $1,665,000 $50,455 $0 0.00%
    $100k-200k 14 $2,060,000 $147,143 $0 0.00%
    $200k-400k 10 $2,770,000 $277,000 $0 0.00%
    $1MM+ 3 $5,935,000 $1,978,333 $0 0.00%
    $400k-600k 3 $1,615,000 $538,333 $0 0.00%
    $600k-1MM 1 $705,000 $705,000 $0 0.00%

    2019 saw Commercial National Bank place emphasis on $100,000 or less loans with 33 originations, totaling $1,665,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 14 $1,280,000 $91,429 $0 0.00%
    $50k or less 11 $715,000 $65,000 $0 0.00%
    $100k-150k 10 $1,630,000 $163,000 $0 0.00%
    $50k-75k 10 $680,000 $68,000 $0 0.00%
    $250k+ 7 $3,885,000 $555,000 $0 0.00%
    $150k-250k 6 $1,480,000 $246,667 $0 0.00%

    Commercial National Bank lent most frequently to those with incomes in the $75k-100k range, with 14 originations. The second most popular income band? $50k or less, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 64 $14,750,000 $230,469 $0 0.00%

    Commercial National Bank lent most frequently to those with DTI ratios of Exempt%, with 64 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 53 $9,255,000 $174,623 $0 0.00%
    Not applicable 6 $5,080,000 $846,667 $0 0.00%
    Asian 3 $165,000 $55,000 $0 0.00%
    American Indian 1 $155,000 $155,000 $0 0.00%
    Black 1 $95,000 $95,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.65%

    Commercial National Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    85.94%

    Commercial National Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 64 $14,750,000 $230,469

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $1,590,000 $795,000
    Single Family (1-4 Units):Manufactured 6 $290,000 $48,333
    Single Family (1-4 Units):Site-Built 56 $12,870,000 $229,821

    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%