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, Tyler, Dallas, Lubbock, and Nacogdoches among others. We have data for 6 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.

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

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    Originations

    70

    Origination Dollar Volume (All Markets)

    $16,740,000

    Employee count

    39

    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) 59 $13,025,000 $220,763 $0 0.00%
    TYLER, TX (FHA|USDA|VA) 7 $2,155,000 $307,857 $0 0.00%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $1,125,000 $1,125,000 $0 0.00%
    LUBBOCK, TX (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
    Outside of Metro Areas 1 $115,000 $115,000 $0 0.00%
    Nacogdoches, TX (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    Community Bank's top markets include Longview, Tyler, Dallas, Lubbock, and Nacogdoches among others.

    Their top states include:
  • Texas (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: 442
    Southside Bank
    Similarity Rank: 812
    Austin Bank, Texas
    Similarity Rank: 960
    VeraBank
    Similarity Rank: 1008
    RESIDENTIAL BANCORP
    Similarity Rank: 1392
    Guaranty Bank & Trust, N.A.
    Similarity Rank: 1404
    TIB The Independent Bankersbank
    Similarity Rank: 2376
    VILLAGE CAPITAL MORTGAGE
    Similarity Rank: 3144
    Prosperity Bank
    Similarity Rank: 4644
    EASTMAN
    Similarity Rank: 6336

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 70 $16,740,000 $239,143 $0 0.00%

    For 2020, Community Bank's most frequently originated type of loan was Conventional, with 70 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 49 $11,965,000 $244,184 $0 0.00%
    Refi 14 $3,060,000 $218,571 $0 0.00%
    Cash Out Refi 5 $1,145,000 $229,000 $0 0.00%
    Home Improvement 2 $570,000 $285,000 $0 0.00%

    For 2020, Community Bank's most frequently cited loan purpose was Home Purchase, with 49 originations. The 2nd most popular reason was Refi, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 70 $16,740,000 $239,143 $0 0.00%

    For 2020, Community Bank's most frequently cited loan duration was Other, with 70 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 24 $1,650,000 $68,750 $0 0.00%
    $100k-200k 21 $2,855,000 $135,952 $0 0.00%
    $200k-400k 14 $3,860,000 $275,714 $0 0.00%
    $400k-600k 5 $2,525,000 $505,000 $0 0.00%
    $1MM+ 4 $4,490,000 $1,122,500 $0 0.00%
    $600k-1MM 2 $1,360,000 $680,000 $0 0.00%

    2020 saw Community Bank place emphasis on $100,000 or less loans with 24 originations, totaling $1,650,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 12 $1,870,000 $155,833 $0 0.00%
    $75k-100k 10 $1,920,000 $192,000 $0 0.00%
    $100k-150k 8 $1,820,000 $227,500 $0 0.00%
    $250k+ 8 $5,680,000 $710,000 $0 0.00%
    $50k or less 5 $795,000 $159,000 $0 0.00%
    $50k-75k 4 $330,000 $82,500 $0 0.00%

    Community Bank lent most frequently to those with incomes in the $150k-250k range, with 12 originations. The second most popular income band? $75k-100k, with 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 70 $16,740,000 $239,143 $0 0.00%

    Community Bank lent most frequently to those with DTI ratios of Exempt%, with 70 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 46 $12,240,000 $266,087 $0 0.00%
    Not applicable 22 $4,300,000 $195,455 $0 0.00%
    Asian 1 $175,000 $175,000 $0 0.00%
    Black 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.15%

    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
    92.86%

    Community Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 70 $16,740,000 $239,143

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $725,000 $725,000
    Single Family (1-4 Units):Manufactured 3 $435,000 $145,000
    Single Family (1-4 Units):Site-Built 66 $15,580,000 $236,061

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    COMMUNITY BANK SYSTEM, INC. Conventional home mortgage Struggling to pay mortgage 1 33.3%
    COMMUNITY BANK SYSTEM, INC. Conventional home mortgage Trouble during payment process 1 33.3%
    COMMUNITY BANK SYSTEM, INC. Other type of mortgage Closing on a mortgage 1 33.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Community Bank 101 Community Boulevard Longview, TX 75605 Full Service B&M $131,542
    Community Bank 104 Highway 155 Avinger, TX 75630 Full Service B&M $11,215
    Community Bank 2440 South High Street Longview, TX 75602 Full Service B&M $17,345
    Community Bank 300 North Main Street Lone Star, TX 75668 Full Service B&M $24,374
    Community Bank 3609 Mccann Road Longview, TX 75605 Full Service B&M $12,541
    Community Bank 700 W. Main Hallsville, TX 75650 Full Service B&M $11,404

    For 2020, Community Bank had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,207
    Net interest income $8,505
    Total noninterest income $852
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $236
    Trading account gains and fees $0
    Additional Noninterest Income $616
    Pre-tax net operating income $5,431
    Securities gains (or losses, -) $0
    Income before extraordinary items $5,431
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,431
    Minority interest net income $0
    Net income $5,431
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,431

    Community Bank's gross interest income from loans was $9,207,000.
    Community Bank's net interest income from loans was $8,505,000.
    Community Bank's fee based income from loans was $236,000.
    Community Bank's net income from loans was $5,431,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $702
    Provision for credit losses $0
    Total noninterest expense $3,926
    Salaries and employee benefits $1,941
    Premises and equipment expense $818
    Additional noninterest expense $1,167
    Applicable income taxes $0
    Net charge-offs $2
    Cash dividends $3,709

    Community Bank's interest expense for loans was $702,000.
    Community Bank's payroll and benefits expense were $1,941,000.
    Community Bank's property, plant and equipment expenses $818,000.

    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 $210,667
    Deposits held in domestic offices $210,667
    Deposits by Individuals, partnerships, and corporations $199,040
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $11,628
    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 $127,320
    Demand deposits $87,161
    Nontransaction accounts $83,348
    Money market deposit accounts (MMDAs) $15,207
    Other savings deposits (excluding MMDAs) $23,560
    Total time deposits $44,581
    Total time and savings deposits $123,507
    Noninterest-bearing deposits $87,161
    Interest-bearing deposits $123,506
    Retail deposits $193,312
    IRAs and Keogh plan accounts $2,718
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $237,243
    Cash & Balances due from depository institutions $51,327
    Interest-bearing balances $49,606
    Total securities $0
    Federal funds sold & reverse repurchase $0
    Net loans and leases $179,239
    Loan and leases loss allowance $2,619
    Trading account assets $0
    Bank premises and fixed assets $4,772
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $1,905

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $237,243
    Total Liabilities $210,737
    Total deposits $210,667
    Interest-bearing deposits $123,506
    Deposits held in domestic offices $210,667
    % insured (estimated) $71
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $70

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $179,239
    Loan and leases loss allowance $2,619
    Total loans and leases (domestic) $181,858
    All real estate loans $146,071
    Real estate loans in domestic offices $146,071
    Construction and development loans $8,421
    Residential 1-4 family construction $2,127
    Other construction, all land development and other land $6,294
    Loans secured by nonfarm nonresidential properties $56,853
    Nonfarm nonresidential secured by owner-occupied properties $45,803
    Commercial real estate & other non-farm, non-residential $11,050
    Multifamily residential real estate $628
    1-4 family residential loans $79,958
    Farmland loans $211
    Loans held in foreign offices $0
    Farm loans $323
    Commercial and industrial loans $26,363
    To non-U.S. addressees $0
    Loans to individuals $6,318
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $1,468
    Other loans to individuals $4,850
    All other loans & leases $2,785
    Loans to foreign governments and official institutions $0
    Other loans $2,785
    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 $179,239,000 of loans outstanding in 2020. $146,071,000 of loans were in real estate loans. $8,421,000 of loans were in development loans. $628,000 of loans were in multifamily mortgage loans. $79,958,000 of loans were in 1-4 family mortgage loans. $323,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,468,000 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 141 $32,072 $227,461
    Nonfarm, nonresidential loans - <$100k 25 $681 $27,240
    Nonfarm, nonresidential loans - $100-250k 48 $5,852 $121,917
    Nonfarm, nonresidential loans - $250k-1MM 68 $25,539 $375,574
    Commercial & Industrial, US addressed loans - <$1MM 219 $11,832 $54,027
    Commercial & Industrial, US addressed loans - <$100k 161 $3,314 $20,584
    Commercial & Industrial, US addressed loans - $100-250k 30 $2,507 $83,567
    Commercial & Industrial, US addressed loans - $250k-1MM 28 $6,011 $214,679
    Farmland loans - <$1MM 3 $211 $70,333
    Farmland loans - <$100k 1 $42 $42,000
    Farmland loans - $250k-1MM 2 $169 $84,500
    Agriculture operations loans - <$1MM 6 $323 $53,833
    Agriculture operations loans - <$100k 5 $90 $18,000
    Agriculture operations loans - $250k-1MM 1 $233 $233,000