Community Bank Mortgage Rates, Fees & Info

Longview, TX

LEI: 549300YK8RG6J51VOI08

Tax ID: 75-1907541

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Mortgage Data

Bank Data

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, Tyler, Miami, Dallas, and Gainesville among others. We have data for 7 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.

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

62

Origination Dollar Volume (All Markets)

$12,830,000

Employee count

37

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) 53 $10,135,000 $191,226 $0 0.00%
Outside of Metro Areas 2 $600,000 $300,000 $0 0.00%
TYLER, TX (FHA|USDA|VA) 3 $555,000 $185,000 $0 0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $505,000 $505,000 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $445,000 $445,000 $0 0.00%
Gainesville, TX (FHA|USDA|VA) 1 $385,000 $385,000 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
Community Bank's top markets include Longview, Tyler, Miami, Dallas, and Gainesville among others.

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

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 62 $12,830,000 $206,935 $0 0.00%

    For 2019, Community Bank's most frequently originated type of loan was Conventional, with 62 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 50 $11,570,000 $231,400 $0 0.00%
    Refi 5 $645,000 $129,000 $0 0.00%
    Home Improvement 4 $180,000 $45,000 $0 0.00%
    Cash Out Refi 3 $435,000 $145,000 $0 0.00%

    For 2019, Community Bank's most frequently cited loan purpose was Home Purchase, with 50 originations. The 2nd most popular reason was Refi, with 5 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 62 $12,830,000 $206,935 $0 0.00%

    For 2019, Community Bank's most frequently cited loan duration was Other, with 62 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 20 $1,350,000 $67,500 $0 0.00%
    $100k-200k 20 $2,880,000 $144,000 $0 0.00%
    $200k-400k 14 $3,760,000 $268,571 $0 0.00%
    $400k-600k 6 $2,870,000 $478,333 $0 0.00%
    $1MM+ 1 $1,205,000 $1,205,000 $0 0.00%
    $600k-1MM 1 $765,000 $765,000 $0 0.00%

    2019 saw Community Bank place emphasis on $100,000 or less loans with 20 originations, totaling $1,350,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 12 $2,040,000 $170,000 $0 0.00%
    $250k+ 11 $2,945,000 $267,727 $0 0.00%
    $150k-250k 7 $1,395,000 $199,286 $0 0.00%
    $50k-75k 6 $1,350,000 $225,000 $0 0.00%
    $75k-100k 6 $860,000 $143,333 $0 0.00%
    $50k or less 5 $445,000 $89,000 $0 0.00%

    Community Bank lent most frequently to those with incomes in the $100k-150k range, with 12 originations. The second most popular income band? $250k+, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 62 $12,830,000 $206,935 $0 0.00%

    Community Bank lent most frequently to those with DTI ratios of Exempt%, with 62 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 45 $8,235,000 $183,000 $0 0.00%
    Not applicable 13 $3,525,000 $271,154 $0 0.00%
    Asian 4 $1,070,000 $267,500 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.43%

    Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    96.77%

    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
    Exempt 62 $12,830,000 $206,935

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $225,000 $225,000
    Multifamily:Site-Built 3 $2,165,000 $721,667
    Single Family (1-4 Units):Site-Built 58 $10,440,000 $180,000

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    COMMUNITY BANK SYSTEM, INC. Conventional home mortgage Closing on a mortgage 1 20.0%
    COMMUNITY BANK SYSTEM, INC. Conventional home mortgage Trouble during payment process 3 60.0%
    COMMUNITY BANK SYSTEM, INC. Home equity loan or line of credit (HELOC) Closing on a mortgage 1 20.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Community Bank 101 Community Boulevard Longview, TX 75601 Full Service B&M $129,437
    Community Bank 104 Highway 155 Avinger, TX 75630 Full Service B&M $10,131
    Community Bank 2440 South High Street Longview, TX 75602 Full Service B&M $14,128
    Community Bank 300 North Main Street Lone Star, TX 75668 Full Service B&M $22,692
    Community Bank 3609 Mccann Road Longview, TX 75605 Full Service B&M $11,225
    Community Bank 700 W. Main Hallsville, TX 75650 Full Service B&M $9,990

    For 2019, Community Bank had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,593
    Net interest income $8,613
    Total noninterest income $927
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $326
    Trading account gains and fees $0
    Additional Noninterest Income $601
    Pre-tax net operating income $5,524
    Securities gains (or losses, -) $0
    Income before extraordinary items $5,524
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,524
    Minority interest net income $0
    Net income $5,524
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,524

    Community Bank's gross interest income from loans was $9,593,000.
    Community Bank's net interest income from loans was $8,613,000.
    Community Bank's fee based income from loans was $326,000.
    Community Bank's net income from loans was $5,524,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $980
    Provision for credit losses $0
    Total noninterest expense $4,016
    Salaries and employee benefits $1,920
    Premises and equipment expense $821
    Additional noninterest expense $1,275
    Applicable income taxes $0
    Net charge-offs $-3
    Cash dividends $3,468

    Community Bank's interest expense for loans was $980,000.
    Community Bank's payroll and benefits expense were $1,920,000.
    Community Bank's property, plant and equipment expenses $821,000.

    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 $188,659
    Deposits held in domestic offices $188,659
    Deposits by Individuals, partnerships, and corporations $177,024
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $11,635
    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 $107,084
    Demand deposits $68,779
    Nontransaction accounts $81,575
    Money market deposit accounts (MMDAs) $12,145
    Other savings deposits (excluding MMDAs) $21,545
    Total time deposits $47,885
    Total time and savings deposits $119,880
    Noninterest-bearing deposits $68,779
    Interest-bearing deposits $119,880
    Retail deposits $168,633
    IRAs and Keogh plan accounts $2,641
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $213,488
    Cash & Balances due from depository institutions $20,743
    Interest-bearing balances $19,205
    Total securities $0
    Federal funds sold & reverse repurchase $0
    Net loans and leases $186,320
    Loan and leases loss allowance $2,621
    Trading account assets $0
    Bank premises and fixed assets $4,459
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $1,966

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $213,488
    Total Liabilities $188,704
    Total deposits $188,659
    Interest-bearing deposits $119,880
    Deposits held in domestic offices $188,659
    % insured (estimated) $73
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $45

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $186,320
    Loan and leases loss allowance $2,621
    Total loans and leases (domestic) $188,941
    All real estate loans $148,839
    Real estate loans in domestic offices $148,839
    Construction and development loans $11,208
    Residential 1-4 family construction $5,714
    Other construction, all land development and other land $5,494
    Loans secured by nonfarm nonresidential properties $55,974
    Nonfarm nonresidential secured by owner-occupied properties $42,692
    Commercial real estate & other non-farm, non-residential $13,282
    Multifamily residential real estate $722
    1-4 family residential loans $80,603
    Farmland loans $332
    Loans held in foreign offices $0
    Farm loans $243
    Commercial and industrial loans $29,460
    To non-U.S. addressees $0
    Loans to individuals $6,779
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $1,558
    Other loans to individuals $5,221
    All other loans & leases $3,627
    Loans to foreign governments and official institutions $0
    Other loans $3,627
    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 $186,320,000 of loans outstanding in 2019. $148,839,000 of loans were in real estate loans. $11,208,000 of loans were in development loans. $722,000 of loans were in multifamily mortgage loans. $80,603,000 of loans were in 1-4 family mortgage loans. $243,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,558,000 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 153 $33,894 $221,529
    Nonfarm, nonresidential loans - <$100k 30 $853 $28,433
    Nonfarm, nonresidential loans - $100-250k 53 $6,256 $118,038
    Nonfarm, nonresidential loans - $250k-1MM 70 $26,785 $382,643
    Commercial & Industrial, US addressed loans - <$1MM 219 $12,050 $55,023
    Commercial & Industrial, US addressed loans - <$100k 166 $3,723 $22,428
    Commercial & Industrial, US addressed loans - $100-250k 28 $2,685 $95,893
    Commercial & Industrial, US addressed loans - $250k-1MM 25 $5,642 $225,680
    Farmland loans - <$1MM 4 $332 $83,000
    Farmland loans - <$100k 2 $91 $45,500
    Farmland loans - $250k-1MM 2 $241 $120,500
    Agriculture operations loans - <$1MM 10 $243 $24,300
    Agriculture operations loans - <$100k 9 $121 $13,444
    Agriculture operations loans - $250k-1MM 1 $122 $122,000