The Commercial Bank Mortgage Rates, Fees & Info

Crawford, GA

LEI: 549300TUT7EEMS8S2B86

Tax ID: 58-0202590

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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)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    The Commercial Bank is a smaller bank specializing in Refi and Home Purchase loans. The Commercial Bank has a high proportion of conventional loans. Their top markets by origination volume include: Athens, Atlanta, Jefferson, Hilton Head Island, and Gainesville among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Commercial 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

    113

    Origination Dollar Volume (All Markets)

    $22,895,000

    Employee count

    40

    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
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 87 $17,545,000 $201,667 $0 0.00%
    Outside of Metro Areas 12 $2,240,000 $186,667 $0 0.00%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 9 $1,775,000 $197,222 $0 0.00%
    Jefferson, GA (FHA|USDA|VA) 2 $440,000 $220,000 $0 0.00%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $395,000 $395,000 $0 0.00%
    GAINESVILLE, GA (FHA|USDA|VA) 1 $325,000 $325,000 $0 0.00%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    The Commercial Bank's top markets include Athens, Atlanta, Jefferson, Hilton Head Island, and Gainesville among others.

    Their top states include:
  • Georgia (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 113 $22,895,000 $202,611 $0 0.00%

    For 2019, The Commercial Bank's most frequently originated type of loan was Conventional, with 113 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 57 $11,815,000 $207,281 $0 0.00%
    Home Purchase 49 $10,695,000 $218,265 $0 0.00%
    Home Improvement 4 $130,000 $32,500 $0 0.00%
    Other 3 $255,000 $85,000 $0 0.00%

    For 2019, The Commercial Bank's most frequently cited loan purpose was Refi, with 57 originations. The 2nd most popular reason was Home Purchase, with 49 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 113 $22,895,000 $202,611 $0 0.00%

    For 2019, The Commercial Bank's most frequently cited loan duration was Other, with 113 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 48 $2,530,000 $52,708 $0 0.00%
    $100k-200k 38 $5,420,000 $142,632 $0 0.00%
    $200k-400k 16 $4,900,000 $306,250 $0 0.00%
    $1MM+ 5 $6,725,000 $1,345,000 $0 0.00%
    $400k-600k 4 $2,030,000 $507,500 $0 0.00%
    $600k-1MM 2 $1,290,000 $645,000 $0 0.00%

    2019 saw The Commercial Bank place emphasis on $100,000 or less loans with 48 originations, totaling $2,530,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 28 $7,350,000 $262,500 $0 0.00%
    $50k or less 18 $670,000 $37,222 $0 0.00%
    $50k-75k 8 $680,000 $85,000 $0 0.00%
    $150k-250k 6 $1,350,000 $225,000 $0 0.00%
    $75k-100k 5 $925,000 $185,000 $0 0.00%
    $100k-150k 3 $425,000 $141,667 $0 0.00%

    The Commercial Bank lent most frequently to those with incomes in the $250k+ range, with 28 originations. The second most popular income band? $50k or less, with 18 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 113 $22,895,000 $202,611 $0 0.00%

    The Commercial Bank lent most frequently to those with DTI ratios of Exempt%, with 113 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 45 $11,495,000 $255,444 $0 0.00%
    White 61 $10,555,000 $173,033 $0 0.00%
    Black 5 $695,000 $139,000 $0 0.00%
    Asian 2 $150,000 $75,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.90%

    The Commercial 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
    89.38%

    The Commercial Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 113 $22,895,000 $202,611

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 6 $5,050,000 $841,667
    Single Family (1-4 Units):Manufactured 15 $865,000 $57,667
    Single Family (1-4 Units):Site-Built 92 $16,980,000 $184,565

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    TJC Mortgage, Inc. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Commercial Bank 100 Moores Grove Road Winterville, GA 30683 Full Service B&M $30,910
    The Commercial Bank 102 N. Church Street Crawford, GA 30630 Full Service B&M $83,941
    The Commercial Bank 1357 Oconee Connector Watkinsville, GA 30677 Full Service B&M $38,427
    The Commercial Bank 220 Courthouse Square 1 Danielsville, GA 30633 Full Service B&M $2,776

    For 2019, The Commercial Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $10,742
    Net interest income $9,172
    Total noninterest income $1,573
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $901
    Trading account gains and fees $0
    Additional Noninterest Income $672
    Pre-tax net operating income $4,509
    Securities gains (or losses, -) $0
    Income before extraordinary items $4,509
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,509
    Minority interest net income $0
    Net income $4,509
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,509

    The Commercial Bank's gross interest income from loans was $10,742,000.
    The Commercial Bank's net interest income from loans was $9,172,000.
    The Commercial Bank's fee based income from loans was $901,000.
    The Commercial Bank's net income from loans was $4,509,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,570
    Provision for credit losses $560
    Total noninterest expense $5,676
    Salaries and employee benefits $3,594
    Premises and equipment expense $583
    Additional noninterest expense $1,499
    Applicable income taxes $0
    Net charge-offs $-114
    Cash dividends $1,877

    The Commercial Bank's interest expense for loans was $1,570,000.
    The Commercial Bank's payroll and benefits expense were $3,594,000.
    The Commercial Bank's property, plant and equipment expenses $583,000.

    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 $201,940
    Deposits held in domestic offices $201,940
    Deposits by Individuals, partnerships, and corporations $169,501
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $32,439
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $85,243
    Demand deposits $59,824
    Nontransaction accounts $116,697
    Money market deposit accounts (MMDAs) $52,392
    Other savings deposits (excluding MMDAs) $15,004
    Total time deposits $49,301
    Total time and savings deposits $142,116
    Noninterest-bearing deposits $59,824
    Interest-bearing deposits $142,116
    Retail deposits $190,518
    IRAs and Keogh plan accounts $6,876
    Brokered deposits $249
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $232,672
    Cash & Balances due from depository institutions $7,587
    Interest-bearing balances $3,657
    Total securities $31,421
    Federal funds sold & reverse repurchase $26,437
    Net loans and leases $158,945
    Loan and leases loss allowance $3,371
    Trading account assets $0
    Bank premises and fixed assets $6,069
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $2,213

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $232,672
    Total Liabilities $210,861
    Total deposits $201,940
    Interest-bearing deposits $142,116
    Deposits held in domestic offices $201,940
    % insured (estimated) $76
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $8,000
    Subordinated debt $0
    All other liabilities $921

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $158,945
    Loan and leases loss allowance $3,371
    Total loans and leases (domestic) $162,316
    All real estate loans $144,150
    Real estate loans in domestic offices $144,150
    Construction and development loans $22,377
    Residential 1-4 family construction $7,101
    Other construction, all land development and other land $15,276
    Loans secured by nonfarm nonresidential properties $50,240
    Nonfarm nonresidential secured by owner-occupied properties $37,427
    Commercial real estate & other non-farm, non-residential $12,813
    Multifamily residential real estate $10,522
    1-4 family residential loans $55,116
    Farmland loans $5,895
    Loans held in foreign offices $0
    Farm loans $1,829
    Commercial and industrial loans $10,774
    To non-U.S. addressees $0
    Loans to individuals $4,509
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $1,080
    Other loans to individuals $3,429
    All other loans & leases $1,054
    Loans to foreign governments and official institutions $0
    Other loans $1,054
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    The Commercial Bank had $158,945,000 of loans outstanding in 2019. $144,150,000 of loans were in real estate loans. $22,377,000 of loans were in development loans. $10,522,000 of loans were in multifamily mortgage loans. $55,116,000 of loans were in 1-4 family mortgage loans. $1,829,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,080,000 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 174 $38,051 $218,684
    Nonfarm, nonresidential loans - <$100k 55 $2,359 $42,891
    Nonfarm, nonresidential loans - $100-250k 53 $6,886 $129,925
    Nonfarm, nonresidential loans - $250k-1MM 66 $28,806 $436,455
    Commercial & Industrial, US addressed loans - <$1MM 224 $9,578 $42,759
    Commercial & Industrial, US addressed loans - <$100k 192 $3,981 $20,734
    Commercial & Industrial, US addressed loans - $100-250k 18 $1,634 $90,778
    Commercial & Industrial, US addressed loans - $250k-1MM 14 $3,963 $283,071
    Farmland loans - <$1MM 34 $3,210 $94,412
    Farmland loans - <$100k 15 $637 $42,467
    Farmland loans - $100-250k 15 $1,788 $119,200
    Farmland loans - $250k-1MM 4 $785 $196,250
    Agriculture operations loans - <$1MM 32 $743 $23,219
    Agriculture operations loans - <$100k 30 $471 $15,700
    Agriculture operations loans - $100-250k 1 $61 $61,000
    Agriculture operations loans - $250k-1MM 1 $211 $211,000