National Bank Of Commerce Mortgage Rates, Fees & Info

Superior, WI

LEI: 549300YSSK1TDPTWQ036

Tax ID: 39-0669230

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Mortgage Data

Bank Data

Review & Overview

National Bank Of Commerce is a smaller bank specializing in Home Purchase and Refi loans. National Bank Of Commerce has a high proportion of conventional loans. Their top markets by origination volume include: Duluth, Minneapolis, Las Vegas, Brainerd, and Grand Rapids among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

National Bank Of Commerce 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.

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

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.76% 12/8/24
30 Year Conventional Refi 6.68% 12/8/24
30 Year Cash-out Refi 7.13% 12/8/24
15 Year Conventional Purchase 7.03% 12/8/24
15 Year Conventional Refi 6.43% 12/8/24
15 Year Cash-out Refi 6.43% 12/8/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

National Bank Of Commerce Mortgage Calculator






Your Estimates

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This is not an official calculator from National Bank Of Commerce. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

504

Origination Dollar Volume (All Markets)

$109,260,000

Employee count

159

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
DULUTH, MN-WI (FHA|USDA|VA) 457 $99,175,000 $217,013 $0 0.00%
Outside of Metro Areas 27 $4,215,000 $156,111 $0 0.00%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 11 $3,035,000 $275,909 $0 0.00%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $1,115,000 $1,115,000 $0 0.00%
Brainerd, MN (FHA|USDA|VA) 2 $480,000 $240,000 $0 0.00%
Grand Rapids, MN (FHA|USDA|VA) 1 $405,000 $405,000 $0 0.00%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
Mason City, IA (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
National Bank Of Commerce's top markets include Duluth, Minneapolis, Las Vegas, Brainerd, and Grand Rapids among others.

Their top states include:
  • Minnesota (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Similar Lenders

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

    Cornerstone State Bank
    Similarity Rank: 140
    Western National Bank
    Similarity Rank: 156
    Tradition Mortgage, LLC
    Similarity Rank: 407
    SUPERIOR CHOICE
    Similarity Rank: 606
    North Shore Bank of Commerce
    Similarity Rank: 670
    AFFINITY PLUS
    Similarity Rank: 1085
    Regent Financial Group, Inc.
    Similarity Rank: 1350
    RESULTS MORTGAGE, LLC
    Similarity Rank: 1479
    Frandsen Bank & Trust
    Similarity Rank: 1548

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 504 $109,260,000 $216,786 $0 0.00%

    For 2019, National Bank Of Commerce's most frequently originated type of loan was Conventional, with 504 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 250 $57,090,000 $228,360 $0 0.00%
    Refi 151 $37,615,000 $249,106 $0 0.00%
    Cash Out Refi 79 $12,655,000 $160,190 $0 0.00%
    Home Improvement 13 $1,245,000 $95,769 $0 0.00%
    Other 11 $655,000 $59,545 $0 0.00%

    For 2019, National Bank Of Commerce's most frequently cited loan purpose was Home Purchase, with 250 originations. The 2nd most popular reason was Refi, with 151 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 504 $109,260,000 $216,786 $0 0.00%

    For 2019, National Bank Of Commerce's most frequently cited loan duration was Other, with 504 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 202 $31,070,000 $153,812 $0 0.00%
    $200k-400k 134 $35,730,000 $266,642 $0 0.00%
    $100,000 or less 123 $7,405,000 $60,203 $0 0.00%
    $400k-600k 27 $12,805,000 $474,259 $0 0.00%
    $600k-1MM 11 $7,815,000 $710,455 $0 0.00%
    $1MM+ 7 $14,435,000 $2,062,143 $0 0.00%

    2019 saw National Bank Of Commerce place emphasis on $100k-200k loans with 202 originations, totaling $31,070,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 108 $16,560,000 $153,333 $0 0.00%
    $100k-150k 90 $18,180,000 $202,000 $0 0.00%
    $50k or less 70 $8,150,000 $116,429 $0 0.00%
    $75k-100k 66 $11,670,000 $176,818 $0 0.00%
    $150k-250k 56 $14,120,000 $252,143 $0 0.00%
    $250k+ 41 $14,155,000 $345,244 $0 0.00%

    National Bank Of Commerce lent most frequently to those with incomes in the $50k-75k range, with 108 originations. The second most popular income band? $100k-150k, with 90 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 504 $109,260,000 $216,786 $0 0.00%

    National Bank Of Commerce lent most frequently to those with DTI ratios of Exempt%, with 504 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 419 $80,815,000 $192,876 $0 0.00%
    Not applicable 69 $25,595,000 $370,942 $0 0.00%
    Not provided 14 $2,410,000 $172,143 $0 0.00%
    Black 1 $275,000 $275,000 $0 0.00%
    American Indian 1 $165,000 $165,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.64%

    National Bank Of Commerce has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.12%

    National Bank Of Commerce has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 504 $109,260,000 $216,786

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 2 $2,010,000 $1,005,000
    Multifamily:Site-Built 20 $15,880,000 $794,000
    Single Family (1-4 Units):Manufactured 9 $1,055,000 $117,222
    Single Family (1-4 Units):Site-Built 473 $90,315,000 $190,941

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    National Default Servicing Corporation Conventional home mortgage Struggling to pay mortgage 3 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    National Bank of Commerce 1127 Tower Avenue Superior, WI 54880 Full Service B&M $300,358
    National Bank of Commerce 1314 East Superior Street Duluth, MN 55805 Full Service B&M $79,100
    National Bank of Commerce 2822 Tower Avenue Superior, WI 54880 Full Service B&M $43,180
    National Bank of Commerce 4105 Richard Avenue Hermantown, MN 55811 Full Service B&M $21,546
    National Bank of Commerce 4994 S Memorial Dr, P.O. Box 15 Poplar, WI 54864 Full Service B&M $30,757
    National Bank of Commerce 9245 E Main St, P.O. Box 279 Solon Springs, WI 54873 Full Service B&M $28,042

    For 2019, National Bank Of Commerce had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $31,275
    Net interest income $26,347
    Total noninterest income $5,724
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,178
    Trading account gains and fees $0
    Additional Noninterest Income $4,546
    Pre-tax net operating income $11,714
    Securities gains (or losses, -) $0
    Income before extraordinary items $11,696
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $11,696
    Minority interest net income $0
    Net income $11,696
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $11,696

    National Bank Of Commerce's gross interest income from loans was $31,275,000.
    National Bank Of Commerce's net interest income from loans was $26,347,000.
    National Bank Of Commerce's fee based income from loans was $1,178,000.
    National Bank Of Commerce's net income from loans was $11,696,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,928
    Provision for credit losses $797
    Total noninterest expense $19,560
    Salaries and employee benefits $12,021
    Premises and equipment expense $1,707
    Additional noninterest expense $5,832
    Applicable income taxes $18
    Net charge-offs $72
    Cash dividends $18,050

    National Bank Of Commerce's interest expense for loans was $4,928,000.
    National Bank Of Commerce's payroll and benefits expense were $12,021,000.
    National Bank Of Commerce's property, plant and equipment expenses $1,707,000.

    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 1.0%
    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 $821,093
    Deposits held in domestic offices $821,093
    Deposits by Individuals, partnerships, and corporations $774,585
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $44,167
    Deposits by Commercial banks and other depository institutions in U.S. $2,341
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $308,963
    Demand deposits $215,860
    Nontransaction accounts $512,130
    Money market deposit accounts (MMDAs) $174,225
    Other savings deposits (excluding MMDAs) $72,420
    Total time deposits $265,485
    Total time and savings deposits $605,233
    Noninterest-bearing deposits $189,460
    Interest-bearing deposits $631,633
    Retail deposits $697,526
    IRAs and Keogh plan accounts $19,864
    Brokered deposits $81,706
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $994,623
    Cash & Balances due from depository institutions $30,898
    Interest-bearing balances $18,424
    Total securities $109,788
    Federal funds sold & reverse repurchase $0
    Net loans and leases $811,133
    Loan and leases loss allowance $5,772
    Trading account assets $0
    Bank premises and fixed assets $10,277
    Other real estate owned $871
    Goodwill and other intangibles $9,017
    All other assets $22,639

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $994,623
    Total Liabilities $873,263
    Total deposits $821,093
    Interest-bearing deposits $631,633
    Deposits held in domestic offices $821,093
    % insured (estimated) $79
    Federal funds purchased and repurchase agreements $25,411
    Trading liabilities $0
    Other borrowed funds $23,925
    Subordinated debt $0
    All other liabilities $2,834

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $811,133
    Loan and leases loss allowance $5,772
    Total loans and leases (domestic) $816,905
    All real estate loans $613,114
    Real estate loans in domestic offices $613,114
    Construction and development loans $56,710
    Residential 1-4 family construction $26,435
    Other construction, all land development and other land $30,275
    Loans secured by nonfarm nonresidential properties $333,959
    Nonfarm nonresidential secured by owner-occupied properties $105,697
    Commercial real estate & other non-farm, non-residential $228,262
    Multifamily residential real estate $56,137
    1-4 family residential loans $166,076
    Farmland loans $232
    Loans held in foreign offices $0
    Farm loans $499
    Commercial and industrial loans $153,491
    To non-U.S. addressees $0
    Loans to individuals $21,301
    Credit card loans $86
    Related Plans $2,096
    Consumer Auto Loans $9,544
    Other loans to individuals $9,575
    All other loans & leases $28,500
    Loans to foreign governments and official institutions $0
    Other loans $2,899
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $1,656
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $459
    Non 1-4 family restructured loans & leases $459
    Total loans and leases (foreign) $0

    National Bank of Commerce had $811,133,000 of loans outstanding in 2019. $613,114,000 of loans were in real estate loans. $56,710,000 of loans were in development loans. $56,137,000 of loans were in multifamily mortgage loans. $166,076,000 of loans were in 1-4 family mortgage loans. $499,000 of loans were in farm loans. $86,000 of loans were in credit card loans. $9,544,000 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 475 $115,691 $243,560
    Nonfarm, nonresidential loans - <$100k 80 $3,377 $42,213
    Nonfarm, nonresidential loans - $100-250k 171 $21,543 $125,982
    Nonfarm, nonresidential loans - $250k-1MM 224 $90,771 $405,228
    Commercial & Industrial, US addressed loans - <$1MM 861 $77,773 $90,329
    Commercial & Industrial, US addressed loans - <$100k 507 $11,493 $22,669
    Commercial & Industrial, US addressed loans - $100-250k 187 $16,587 $88,701
    Commercial & Industrial, US addressed loans - $250k-1MM 167 $49,693 $297,563
    Farmland loans - <$1MM 4 $232 $58,000
    Farmland loans - <$100k 1 $25 $25,000
    Farmland loans - $100-250k 2 $179 $89,500
    Farmland loans - $250k-1MM 1 $28 $28,000
    Agriculture operations loans - <$1MM 1 $499 $499,000
    Agriculture operations loans - $250k-1MM 1 $499 $499,000