Landmark Community Bank Mortgage Rates, Fees & Info

Collierville, TN

LEI: 549300Y53L6CDUB50530

Tax ID: 62-1759033

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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

    Landmark Community Bank is a smaller bank specializing in Home Purchase and Refi loans. Landmark Community Bank has a high proportion of conventional loans. Their top two markets are Nashville and Memphis .

    Landmark Community 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

    155

    Origination Dollar Volume (All Markets)

    $53,725,000

    Employee count

    80

    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
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 63 $25,555,000 $405,635 $0 0.00%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 76 $20,050,000 $263,816 $0 0.00%
    Outside of Metro Areas 16 $8,120,000 $507,500 $0 0.00%
    Landmark Community Bank's top markets include Nashville and Memphis among others.

    Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 155 $53,725,000 $346,613 $0 0.00%

    For 2019, Landmark Community Bank's most frequently originated type of loan was Conventional, with 155 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 107 $37,585,000 $351,262 $0 0.00%
    Refi 35 $14,165,000 $404,714 $0 0.00%
    Other 9 $1,645,000 $182,778 $0 0.00%
    Home Improvement 4 $330,000 $82,500 $0 0.00%

    For 2019, Landmark Community Bank's most frequently cited loan purpose was Home Purchase, with 107 originations. The 2nd most popular reason was Refi, with 35 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 155 $53,725,000 $346,613 $0 0.00%

    For 2019, Landmark Community Bank's most frequently cited loan duration was Other, with 155 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 49 $13,235,000 $270,102 $0 0.00%
    $100,000 or less 33 $1,785,000 $54,091 $0 0.00%
    $100k-200k 28 $4,300,000 $153,571 $0 0.00%
    $600k-1MM 19 $14,125,000 $743,421 $0 0.00%
    $400k-600k 18 $8,690,000 $482,778 $0 0.00%
    $1MM+ 8 $11,590,000 $1,448,750 $0 0.00%

    2019 saw Landmark Community Bank place emphasis on $200k-400k loans with 49 originations, totaling $13,235,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 40 $19,020,000 $475,500 $0 0.00%
    $100k-150k 23 $6,835,000 $297,174 $0 0.00%
    $50k-75k 20 $3,820,000 $191,000 $0 0.00%
    $50k or less 20 $3,720,000 $186,000 $0 0.00%
    $150k-250k 18 $7,720,000 $428,889 $0 0.00%
    $75k-100k 9 $2,325,000 $258,333 $0 0.00%

    Landmark Community Bank lent most frequently to those with incomes in the $250k+ range, with 40 originations. The second most popular income band? $100k-150k, with 23 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 155 $53,725,000 $346,613 $0 0.00%

    Landmark Community Bank lent most frequently to those with DTI ratios of Exempt%, with 155 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 101 $32,365,000 $320,446 $0 0.00%
    Not applicable 23 $9,185,000 $399,348 $0 0.00%
    Not provided 13 $7,365,000 $566,538 $0 0.00%
    Black 12 $2,910,000 $242,500 $0 0.00%
    Asian 6 $1,900,000 $316,667 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.23%

    Landmark Community 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
    79.35%

    Landmark Community Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 155 $53,725,000 $346,613

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 6 $4,900,000 $816,667
    Single Family (1-4 Units):Manufactured 1 $65,000 $65,000
    Single Family (1-4 Units):Site-Built 148 $48,760,000 $329,459

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Lendmark Financial Services Other type of mortgage Improper use of your report 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Landmark Community Bank 1000 Ridgeway Loop Road, Suite 103 Memphis, TN 38120 Full Service B&M $181,029
    Landmark Community Bank 1013 16th Avenue South Nashville, TN 37212 Full Service B&M $57,975
    Landmark Community Bank 1015 West Poplar Avenue Collierville, TN 38017 Full Service B&M $400,173
    Landmark Community Bank 1227 S. Germantown Parkway #101 Germantown, TN 38138 Full Service B&M $28,992
    Landmark Community Bank 198 East Main Street Franklin, TN 37064 Full Service B&M $48,284
    Landmark Community Bank 2241 Germantown Road South Germantown, TN 38138 Full Service B&M $53,745
    Landmark Community Bank 5880 Ridge Bend Rd Memphis, TN 38120 Limited, Administrative $0
    Landmark Community Bank 93 Seaboard Lane Brentwood, TN 37027 Full Service B&M $10,531

    For 2019, Landmark Community Bank had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $40,591
    Net interest income $23,528
    Total noninterest income $1,570
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $283
    Trading account gains and fees $0
    Additional Noninterest Income $1,287
    Pre-tax net operating income $11,696
    Securities gains (or losses, -) $112
    Income before extraordinary items $9,120
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $9,120
    Minority interest net income $0
    Net income $9,120
    Sale, conversion, retirement of capital stock, net $146
    Net operating income $9,031

    Landmark Community Bank's gross interest income from loans was $40,591,000.
    Landmark Community Bank's net interest income from loans was $23,528,000.
    Landmark Community Bank's fee based income from loans was $283,000.
    Landmark Community Bank's net income from loans was $9,120,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $17,063
    Provision for credit losses $0
    Total noninterest expense $13,402
    Salaries and employee benefits $8,391
    Premises and equipment expense $1,889
    Additional noninterest expense $3,122
    Applicable income taxes $2,688
    Net charge-offs $597
    Cash dividends $1,910

    Landmark Community Bank's interest expense for loans was $17,063,000.
    Landmark Community Bank's payroll and benefits expense were $8,391,000.
    Landmark Community Bank's property, plant and equipment expenses $1,889,000.

    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 $776,156
    Deposits held in domestic offices $776,156
    Deposits by Individuals, partnerships, and corporations $567,162
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $203,953
    Deposits by Commercial banks and other depository institutions in U.S. $5,041
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $160,908
    Demand deposits $160,907
    Nontransaction accounts $615,248
    Money market deposit accounts (MMDAs) $259,027
    Other savings deposits (excluding MMDAs) $23,203
    Total time deposits $333,019
    Total time and savings deposits $615,249
    Noninterest-bearing deposits $56,248
    Interest-bearing deposits $719,907
    Retail deposits $566,873
    IRAs and Keogh plan accounts $6,184
    Brokered deposits $64,193
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $941,454
    Cash & Balances due from depository institutions $16,201
    Interest-bearing balances $10,872
    Total securities $119,235
    Federal funds sold & reverse repurchase $26,934
    Net loans and leases $741,568
    Loan and leases loss allowance $6,178
    Trading account assets $0
    Bank premises and fixed assets $8,296
    Other real estate owned $270
    Goodwill and other intangibles $149
    All other assets $28,801

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $941,454
    Total Liabilities $848,570
    Total deposits $776,156
    Interest-bearing deposits $719,907
    Deposits held in domestic offices $776,156
    % insured (estimated) $57
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $65,007
    Subordinated debt $0
    All other liabilities $7,407

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $741,568
    Loan and leases loss allowance $6,178
    Total loans and leases (domestic) $747,746
    All real estate loans $675,186
    Real estate loans in domestic offices $675,186
    Construction and development loans $39,999
    Residential 1-4 family construction $19,678
    Other construction, all land development and other land $20,321
    Loans secured by nonfarm nonresidential properties $103,020
    Nonfarm nonresidential secured by owner-occupied properties $43,665
    Commercial real estate & other non-farm, non-residential $59,355
    Multifamily residential real estate $7,683
    1-4 family residential loans $516,955
    Farmland loans $7,529
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $54,969
    To non-U.S. addressees $0
    Loans to individuals $6,823
    Credit card loans $0
    Related Plans $2,431
    Consumer Auto Loans $398
    Other loans to individuals $3,994
    All other loans & leases $10,768
    Loans to foreign governments and official institutions $0
    Other loans $10,530
    Loans to depository institutions and acceptances of other banks $238
    Loans not secured by real estate $4,051
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,305
    Non 1-4 family restructured loans & leases $263
    Total loans and leases (foreign) $0

    Landmark Community Bank had $741,568,000 of loans outstanding in 2019. $675,186,000 of loans were in real estate loans. $39,999,000 of loans were in development loans. $7,683,000 of loans were in multifamily mortgage loans. $516,955,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $398,000 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 124 $43,977 $354,653
    Nonfarm, nonresidential loans - <$100k 8 $340 $42,500
    Nonfarm, nonresidential loans - $100-250k 39 $6,031 $154,641
    Nonfarm, nonresidential loans - $250k-1MM 77 $37,606 $488,390
    Commercial & Industrial, US addressed loans - <$1MM 195 $27,419 $140,610
    Commercial & Industrial, US addressed loans - <$100k 83 $2,233 $26,904
    Commercial & Industrial, US addressed loans - $100-250k 54 $5,351 $99,093
    Commercial & Industrial, US addressed loans - $250k-1MM 58 $19,835 $341,983
    Farmland loans - <$1MM 1 $17 $17,000
    Farmland loans - <$100k 1 $17 $17,000