The Commercial Bank Mortgage Rates, Fees & Info
Crawford, GALEI: 549300TUT7EEMS8S2B86
Tax ID: 58-0202590
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Mortgage Data
Bank Data
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, Milledgeville, Toccoa, and Jefferson among others. We have data for 6 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.
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Originations
119Origination Dollar Volume (All Markets)
$32,135,000Employee count
49Top 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) | 90 | $25,970,000 | $288,556 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 12 | $2,900,000 | $241,667 | $0 | 0.00% |
| Outside of Metro Areas | 13 | $2,455,000 | $188,846 | $0 | 0.00% |
| Milledgeville, GA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| Toccoa, GA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Jefferson, GA (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 119 | $32,135,000 | $270,042 | $0 | 0.00% |
For 2020, The Commercial Bank's most frequently originated type of loan was Conventional, with 119 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 64 | $21,570,000 | $337,031 | $0 | 0.00% |
| Home Purchase | 52 | $10,460,000 | $201,154 | $0 | 0.00% |
| Home Improvement | 3 | $105,000 | $35,000 | $0 | 0.00% |
For 2020, The Commercial Bank's most frequently cited loan purpose was Refi, with 64 originations. The 2nd most popular reason was Home Purchase, with 52 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 119 | $32,135,000 | $270,042 | $0 | 0.00% |
For 2020, The Commercial Bank's most frequently cited loan duration was Other, with 119 originations.
Loan Sizing
2020 saw The Commercial Bank place emphasis on $100k-200k loans with 42 originations, totaling $6,110,000 in origination value.
Applicant Income
The Commercial Bank lent most frequently to those with incomes in the $250k+ range, with 19 originations. The second most popular income band? $50k or less, with 13 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 119 | $32,135,000 | $270,042 | $0 | 0.00% |
The Commercial Bank lent most frequently to those with DTI ratios of Exempt%, with 119 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.14%
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 origination84.87%
The Commercial Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 119 | $32,135,000 | $270,042 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| TJC Mortgage, Inc. | FHA mortgage | Closing on a mortgage | 1 | 33.3% |
| TJC Mortgage, Inc. | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 33.3% |
| TJC Mortgage, Inc. | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 33.3% |
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 | $39,703 |
| The Commercial Bank | 102 N. Church Street Crawford, GA 30630 | Full Service B&M | $106,125 |
| The Commercial Bank | 1357 Oconee Connector Watkinsville, GA 30677 | Full Service B&M | $58,726 |
| The Commercial Bank | 220 Courthouse Square 1 Danielsville, GA 30633 | Full Service B&M | $47,826 |
| The Commercial Bank | 35 North Fourth Street Colbert, GA 30628 | Full Service B&M | $323 |
For 2020, The Commercial Bank had 5 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $12,682 |
| Net interest income | $11,072 |
| Total noninterest income | $2,105 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $1,161 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $944 |
| Pre-tax net operating income | $4,940 |
| Securities gains (or losses, -) | $166 |
| Income before extraordinary items | $5,106 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $5,106 |
| Minority interest net income | $0 |
| Net income | $5,106 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $4,940 |
The Commercial Bank's gross interest income from loans was $12,682,000.
The Commercial Bank's net interest income from loans was $11,072,000.
The Commercial Bank's fee based income from loans was $1,161,000.
The Commercial Bank's net income from loans was $5,106,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,610 |
| Provision for credit losses | $833 |
| Total noninterest expense | $7,404 |
| Salaries and employee benefits | $4,568 |
| Premises and equipment expense | $786 |
| Additional noninterest expense | $2,050 |
| Applicable income taxes | $0 |
| Net charge-offs | $10 |
| Cash dividends | $0 |
The Commercial Bank's interest expense for loans was $1,610,000.
The Commercial Bank's payroll and benefits expense were $4,568,000.
The Commercial Bank's property, plant and equipment expenses $786,000.
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 | $277,547 |
| Deposits held in domestic offices | $277,547 |
| Deposits by Individuals, partnerships, and corporations | $223,879 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $53,668 |
| 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 | $138,588 |
| Demand deposits | $93,162 |
| Nontransaction accounts | $138,959 |
| Money market deposit accounts (MMDAs) | $67,048 |
| Other savings deposits (excluding MMDAs) | $18,415 |
| Total time deposits | $53,496 |
| Total time and savings deposits | $184,385 |
| Noninterest-bearing deposits | $92,424 |
| Interest-bearing deposits | $185,123 |
| Retail deposits | $264,119 |
| IRAs and Keogh plan accounts | $7,893 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $307,519 |
| Cash & Balances due from depository institutions | $25,952 |
| Interest-bearing balances | $6,547 |
| Total securities | $38,328 |
| Federal funds sold & reverse repurchase | $14,703 |
| Net loans and leases | $220,205 |
| Loan and leases loss allowance | $4,195 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $6,154 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $2,177 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $307,519 |
| Total Liabilities | $279,846 |
| Total deposits | $277,547 |
| Interest-bearing deposits | $185,123 |
| Deposits held in domestic offices | $277,547 |
| % insured (estimated) | $72 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $1,000 |
| Subordinated debt | $0 |
| All other liabilities | $1,299 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $220,205 |
| Loan and leases loss allowance | $4,195 |
| Total loans and leases (domestic) | $224,400 |
| All real estate loans | $177,531 |
| Real estate loans in domestic offices | $177,531 |
| Construction and development loans | $27,754 |
| Residential 1-4 family construction | $9,476 |
| Other construction, all land development and other land | $18,278 |
| Loans secured by nonfarm nonresidential properties | $60,546 |
| Nonfarm nonresidential secured by owner-occupied properties | $44,408 |
| Commercial real estate & other non-farm, non-residential | $16,138 |
| Multifamily residential real estate | $14,317 |
| 1-4 family residential loans | $62,993 |
| Farmland loans | $11,921 |
| Loans held in foreign offices | $0 |
| Farm loans | $1,182 |
| Commercial and industrial loans | $40,156 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $4,840 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $1,135 |
| Other loans to individuals | $3,705 |
| All other loans & leases | $691 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $691 |
| 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 $220,205,000 of loans outstanding in 2020. $177,531,000 of loans were in real estate loans. $27,754,000 of loans were in development loans. $14,317,000 of loans were in multifamily mortgage loans. $62,993,000 of loans were in 1-4 family mortgage loans. $1,182,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,135,000 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 | 196 | $44,039 | $224,689 |
| Nonfarm, nonresidential loans - <$100k | 61 | $2,707 | $44,377 |
| Nonfarm, nonresidential loans - $100-250k | 54 | $7,284 | $134,889 |
| Nonfarm, nonresidential loans - $250k-1MM | 81 | $34,048 | $420,346 |
| Commercial & Industrial, US addressed loans - <$1MM | 403 | $27,428 | $68,060 |
| Commercial & Industrial, US addressed loans - <$100k | 312 | $9,202 | $29,494 |
| Commercial & Industrial, US addressed loans - $100-250k | 54 | $5,107 | $94,574 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 37 | $13,119 | $354,568 |
| Farmland loans - <$1MM | 46 | $4,662 | $101,348 |
| Farmland loans - <$100k | 21 | $519 | $24,714 |
| Farmland loans - $100-250k | 17 | $2,126 | $125,059 |
| Farmland loans - $250k-1MM | 8 | $2,017 | $252,125 |
| Agriculture operations loans - <$1MM | 29 | $1,182 | $40,759 |
| Agriculture operations loans - <$100k | 26 | $557 | $21,423 |
| Agriculture operations loans - $100-250k | 1 | $60 | $60,000 |
| Agriculture operations loans - $250k-1MM | 2 | $565 | $282,500 |