Community Bank Mortgage Rates, Fees & Info

Longview, TX

LEI: 549300YK8RG6J51VOI08

Tax ID: 75-1907541

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • 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

    Community Bank is a smaller bank specializing in Home Purchase loans. Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Longview, Houston, Texarkana, Tyler, and Dallas among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Community Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Community Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    66

    Origination Dollar Volume (All Markets)

    $10,960,000

    Employee count

    36

    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
    LONGVIEW, TX (FHA|USDA|VA) 58 $8,970,000 $154,655 $2,385 5.15%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $495,000 $495,000 $4,425 4.25%
    TEXARKANA, TX-AR (FHA|USDA|VA) 2 $290,000 $145,000 $2,629 5.25%
    TYLER, TX (FHA|USDA|VA) 1 $285,000 $285,000 $0 4.25%
    Outside of Metro Areas 1 $285,000 $285,000 $0 5.00%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $265,000 $265,000 $0 5.25%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $235,000 $235,000 $0 4.75%
    MONROE, LA (FHA|USDA|VA) 1 $135,000 $135,000 $3,043 4.75%
    Community Bank's top markets include Longview, Houston, Texarkana, Tyler, and Dallas among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Community Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    EAST TEXAS PROFESSIONAL Credit Union
    Similarity Rank: 96
    Gilmer National Bank Gilmer Texas
    Similarity Rank: 135
    Community Bank
    Similarity Rank: 152
    Texas National Bank of Jacksonville
    Similarity Rank: 230
    Austin Bank, Texas
    Similarity Rank: 459
    VeraBank
    Similarity Rank: 464
    Guaranty Bank & Trust, N.A.
    Similarity Rank: 621
    Southside Bank
    Similarity Rank: 896
    BancorpSouth
    Similarity Rank: 2379
    AMCAP MORTGAGE, LTD.
    Similarity Rank: 2520

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 66 $10,960,000 $166,061 $2,476 5.11%

    For 2018, Community Bank's most frequently originated type of loan was Conventional, with 66 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 50 $8,630,000 $172,600 $3,009 5.13%
    Refi 8 $1,740,000 $217,500 $2,435 4.72%
    Cash Out Refi 5 $415,000 $83,000 $1,198 5.65%
    Home Improvement 3 $175,000 $58,333 $1,149 5.08%

    For 2018, Community Bank's most frequently cited loan purpose was Home Purchase, with 50 originations. The 2nd most popular reason was Refi, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 20 $5,520,000 $276,000 $3,315 4.83%
    15 Year 15 $2,015,000 $134,333 $1,850 4.73%
    20 Year 13 $1,775,000 $136,538 $2,167 5.06%
    Other 10 $980,000 $98,000 $1,030 5.43%
    3 Year 4 $180,000 $45,000 $0 7.24%
    5 Year 2 $70,000 $35,000 $958 5.38%
    30+ year 1 $375,000 $375,000 $1,935 5.00%
    10 Year 1 $45,000 $45,000 $0 5.25%

    For 2018, Community Bank's most frequently cited loan duration was 30 Year, with 20 originations. The 2nd most popular length was 15 Year, with 15 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 35 $7,545,000 $215,571

    Community Bank's average total fees were $3,315, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 35 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 35 $6,675,000 $190,714
    5-6% 23 $2,415,000 $105,000
    3-4% 3 $1,655,000 $551,667
    6-7% 3 $165,000 $55,000
    7-8% 2 $50,000 $25,000

    During 2018, Community Bank's average interest rate for loans was 4.83%, while their most frequently originated rate bucket for loans was 4-5%, with 35 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 26 $1,600,000 $61,538 $1,244 5.50%
    $100k-200k 23 $3,115,000 $135,435 $2,039 4.95%
    $200k-400k 13 $3,665,000 $281,923 $2,955 4.90%
    $400k-600k 3 $1,575,000 $525,000 $4,794 4.42%
    $1MM+ 1 $1,005,000 $1,005,000 $7,988 3.75%

    2018 saw Community Bank place emphasis on $100,000 or less loans with 26 originations, totaling $1,600,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 13 $1,585,000 $121,923 $1,929 5.27%
    $100k-150k 12 $2,990,000 $249,167 $2,826 4.98%
    $75k-100k 11 $1,415,000 $128,636 $2,213 5.06%
    $250k+ 5 $2,135,000 $427,000 $4,972 5.09%
    $50k-75k 5 $535,000 $107,000 $2,071 5.35%
    $50k or less 3 $455,000 $151,667 $1,838 5.75%

    Community Bank lent most frequently to those with incomes in the $150k-250k range, with 13 originations. The second most popular income band? $100k-150k, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 11 $1,495,000 $135,909 $2,192 5.25%
    20-30% 8 $1,410,000 $176,250 $2,222 5.03%
    30-36% 5 $705,000 $141,000 $2,225 4.95%
    40% 4 $1,290,000 $322,500 $2,743 5.06%
    39% 1 $245,000 $245,000 $4,136 4.75%
    38% 1 $375,000 $375,000 $1,935 5.00%
    42% 1 $375,000 $375,000 $4,097 4.75%
    43% 1 $135,000 $135,000 $3,043 4.75%
    45% 1 $135,000 $135,000 $2,299 5.25%
    50-60% 1 $575,000 $575,000 $4,964 5.00%

    Community Bank lent most frequently to those with DTI ratios of <20%, with 11 originations. The next most common DTI ratio? 20-30%, with 8 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 46 $8,240,000 $179,130 $2,384 5.19%
    Not applicable 15 $1,615,000 $107,667 $0 4.97%
    Asian 3 $595,000 $198,333 $2,978 4.79%
    Not provided 1 $495,000 $495,000 $4,425 4.25%
    Black 1 $15,000 $15,000 $0 5.75%

    Approval Rates

    Total approvals of all applications
    100.00%

    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
    98.48%

    Community Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 66 $10,960,000 $166,061

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 4 $190,000 $47,500
    Single Family (1-4 Units):Site-Built 62 $10,770,000 $173,710

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $185,000 $61,667 $1,417 5.33%
    40-60% 13 $1,895,000 $145,769 $1,670 5.17%
    60-80% 13 $2,545,000 $195,769 $3,549 5.27%
    80-100% 35 $6,225,000 $177,857 $3,008 5.02%
    Under 20% 2 $110,000 $55,000 $903 5.13%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Community Lending of America, Inc. VA mortgage Closing on a mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Community Bank 101 Community Boulevard Longview, TX 75601 Full Service B&M $128,148
    Community Bank 104 Highway 155 Avinger, TX 75630 Full Service B&M $10,345
    Community Bank 2440 South High Street Longview, TX 75602 Full Service B&M $13,384
    Community Bank 300 North Main Street Lone Star, TX 75668 Full Service B&M $22,206
    Community Bank 3609 Mccann Road Longview, TX 75605 Full Service B&M $9,744
    Community Bank 700 W. Main Hallsville, TX 75650 Full Service B&M $11,919

    For 2018, Community Bank had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $8,806
    Net interest income $8,086
    Total noninterest income $927
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $373
    Trading account gains and fees $0
    Additional Noninterest Income $554
    Pre-tax net operating income $5,155
    Securities gains (or losses, -) $0
    Income before extraordinary items $5,155
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,155
    Minority interest net income $0
    Net income $5,155
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,155

    Community Bank's gross interest income from loans was $8,806,000.
    Community Bank's net interest income from loans was $8,086,000.
    Community Bank's fee based income from loans was $373,000.
    Community Bank's net income from loans was $5,155,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $720
    Provision for credit losses $0
    Total noninterest expense $3,858
    Salaries and employee benefits $1,858
    Premises and equipment expense $829
    Additional noninterest expense $1,171
    Applicable income taxes $0
    Net charge-offs $3
    Cash dividends $3,592

    Community Bank's interest expense for loans was $720,000.
    Community Bank's payroll and benefits expense were $1,858,000.
    Community Bank's property, plant and equipment expenses $829,000.

    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 $196,806
    Deposits held in domestic offices $196,806
    Deposits by Individuals, partnerships, and corporations $186,437
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $10,369
    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 $105,697
    Demand deposits $72,745
    Nontransaction accounts $91,109
    Money market deposit accounts (MMDAs) $25,267
    Other savings deposits (excluding MMDAs) $21,711
    Total time deposits $44,132
    Total time and savings deposits $124,061
    Noninterest-bearing deposits $72,745
    Interest-bearing deposits $124,061
    Retail deposits $180,106
    IRAs and Keogh plan accounts $2,804
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $219,573
    Cash & Balances due from depository institutions $36,844
    Interest-bearing balances $35,608
    Total securities $2,998
    Federal funds sold & reverse repurchase $0
    Net loans and leases $173,172
    Loan and leases loss allowance $2,618
    Trading account assets $0
    Bank premises and fixed assets $4,577
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $1,982

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $219,573
    Total Liabilities $196,844
    Total deposits $196,806
    Interest-bearing deposits $124,061
    Deposits held in domestic offices $196,806
    % insured (estimated) $68
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $38

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $173,172
    Loan and leases loss allowance $2,618
    Total loans and leases (domestic) $175,790
    All real estate loans $138,212
    Real estate loans in domestic offices $138,212
    Construction and development loans $8,718
    Residential 1-4 family construction $3,524
    Other construction, all land development and other land $5,194
    Loans secured by nonfarm nonresidential properties $49,339
    Nonfarm nonresidential secured by owner-occupied properties $33,024
    Commercial real estate & other non-farm, non-residential $16,315
    Multifamily residential real estate $839
    1-4 family residential loans $78,708
    Farmland loans $608
    Loans held in foreign offices $0
    Farm loans $208
    Commercial and industrial loans $27,388
    To non-U.S. addressees $0
    Loans to individuals $7,308
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $1,318
    Other loans to individuals $5,990
    All other loans & leases $2,685
    Loans to foreign governments and official institutions $0
    Other loans $2,685
    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

    Community Bank had $173,172,000 of loans outstanding in 2018. $138,212,000 of loans were in real estate loans. $8,718,000 of loans were in development loans. $839,000 of loans were in multifamily mortgage loans. $78,708,000 of loans were in 1-4 family mortgage loans. $208,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,318,000 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 152 $33,507 $220,441
    Nonfarm, nonresidential loans - <$100k 34 $1,034 $30,412
    Nonfarm, nonresidential loans - $100-250k 46 $5,181 $112,630
    Nonfarm, nonresidential loans - $250k-1MM 72 $27,292 $379,056
    Commercial & Industrial, US addressed loans - <$1MM 233 $14,092 $60,481
    Commercial & Industrial, US addressed loans - <$100k 175 $4,176 $23,863
    Commercial & Industrial, US addressed loans - $100-250k 30 $2,682 $89,400
    Commercial & Industrial, US addressed loans - $250k-1MM 28 $7,234 $258,357
    Farmland loans - <$1MM 5 $608 $121,600
    Farmland loans - <$100k 2 $109 $54,500
    Farmland loans - $100-250k 1 $193 $193,000
    Farmland loans - $250k-1MM 2 $306 $153,000
    Agriculture operations loans - <$1MM 11 $208 $18,909
    Agriculture operations loans - <$100k 10 $129 $12,900
    Agriculture operations loans - $250k-1MM 1 $79 $79,000