The Bank Of Commerce Mortgage Rates, Fees & Info

Ammon, ID

LEI: 549300ZYK1Z0EK2JC967

Tax ID: 82-0237616

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

The Bank Of Commerce is a smaller bank specializing in Home Purchase, Cash Out Refi, and Refi loans. The Bank Of Commerce has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets include Idaho Falls, Rexburg, Blackfoot, Pocatello, and Jackson among others. The Bank Of Commerce has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors.


Originations

288

Origination Dollar Volume (All Markets)

$96,150,000

Employee count

195

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
IDAHO FALLS, ID (FHA|USDA|VA) 130 $38,740,000 $298,000 $0 0.00%
Rexburg, ID (FHA|USDA|VA) 26 $15,790,000 $607,308 $0 0.00%
Blackfoot, ID (FHA|USDA|VA) 48 $11,510,000 $239,792 $0 0.00%
Outside of Metro Areas 43 $10,085,000 $234,535 $0 0.00%
POCATELLO, ID (FHA|USDA|VA) 11 $8,565,000 $778,636 $0 0.00%
Jackson, WY-ID (FHA|USDA|VA) 17 $5,965,000 $350,882 $0 0.00%
ST. GEORGE, UT (FHA|USDA|VA) 4 $1,640,000 $410,000 $0 0.00%
The Dalles, OR (FHA|USDA|VA) 1 $1,305,000 $1,305,000 $0 0.00%
SALT LAKE CITY, UT (FHA|USDA|VA) 1 $1,165,000 $1,165,000 $0 0.00%
LOGAN, UT-ID (FHA|USDA|VA) 3 $615,000 $205,000 $0 0.00%
Moscow, ID (FHA|USDA|VA) 1 $395,000 $395,000 $0 0.00%
Helena, MT (FHA|USDA|VA) 2 $220,000 $110,000 $0 0.00%
Burley, ID (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%

The Bank Of Commerce's top markets include Idaho Falls, Rexburg, Blackfoot, Pocatello, and Jackson among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 271 $91,925,000 $339,207 $0 0.00%
FHA 10 $1,970,000 $197,000 $0 0.00%
VA 7 $2,255,000 $322,143 $0 0.00%

For the 2021 period, The Bank Of Commerce's most frequently originated loan type of loans were Conventional, with 271 originations. Their 2nd most popular type is FHA, with 10 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 112 $43,950,000 $392,411 $0 0.00%
Cash Out Refi 97 $23,895,000 $246,340 $0 0.00%
Refi 79 $28,305,000 $358,291 $0 0.00%

For the 2021, The Bank Of Commerce's most frequently cited loan purpose of loans were Home Purchase, with 112 originations. The 2nd most popular reason of loans were Cash Out Refi, with 97 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 288 $96,150,000 $333,854 $0 0.00%

For the 2021, The Bank Of Commerce's most frequently cited loan length of loans were Other, with 288 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 122 $34,090,000 $279,426 $0 0.00%
$100k-200k 98 $14,380,000 $146,735 $0 0.00%
$400k-600k 39 $18,965,000 $486,282 $0 0.00%
$100,000 or less 16 $1,330,000 $83,125 $0 0.00%
$1MM+ 9 $24,315,000 $2,701,667 $0 0.00%
$600k-1MM 4 $3,070,000 $767,500 $0 0.00%

2021 saw The Bank Of Commerce place emphasis on $200k-400k loans with 122 originations, totaling $34,090,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$75k-100k 58 $14,020,000 $241,724 $0 0.00%
$50k-75k 45 $9,085,000 $201,889 $0 0.00%
$100k-150k 42 $10,170,000 $242,143 $0 0.00%
$50k or less 42 $7,010,000 $166,905 $0 0.00%
$150k-250k 26 $9,230,000 $355,000 $0 0.00%
$250k+ 25 $8,985,000 $359,400 $0 0.00%

The Bank Of Commerce lent most frequently to those with incomes in the $75k-100k range, with 58 originations. The second most popular income band? $50k-75k, with 45 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
Exempt% 288 $96,150,000 $333,854 $0 0.00%

The Bank Of Commerce lent most frequently to those with DTI ratios of Exempt%, with 288 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 234 $58,010,000 $247,906 $0 0.00%
Not applicable 29 $31,405,000 $1,082,931 $0 0.00%
Not provided 22 $5,730,000 $260,455 $0 0.00%
American Indian 3 $1,005,000 $335,000 $0 0.00%

Approval Rates

Total approvals of all applications
94.58%

The Bank Of Commerce has an average approval rate.

Pick Rate

Approvals leading to origination
84.19%

The Bank Of Commerce has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
Exempt 288 $96,150,000 $333,854

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
288 $96,150,000 $333,854

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
TD BANK US HOLDING COMPANY Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 24 16.9%
TD BANK US HOLDING COMPANY Conventional home mortgage Closing on a mortgage 13 9.2%
TD BANK US HOLDING COMPANY Conventional home mortgage Improper use of your report 1 0.7%
TD BANK US HOLDING COMPANY Conventional home mortgage Incorrect information on your report 4 2.8%
TD BANK US HOLDING COMPANY Conventional home mortgage Struggling to pay mortgage 6 4.2%
TD BANK US HOLDING COMPANY Conventional home mortgage Trouble during payment process 37 26.1%
TD BANK US HOLDING COMPANY FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 0.7%
TD BANK US HOLDING COMPANY FHA mortgage Struggling to pay mortgage 2 1.4%
TD BANK US HOLDING COMPANY FHA mortgage Trouble during payment process 1 0.7%
TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 15 10.6%
TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Closing on a mortgage 6 4.2%
TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Incorrect information on your report 1 0.7%
TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Struggling to pay mortgage 2 1.4%
TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Trouble during payment process 11 7.7%
TD BANK US HOLDING COMPANY Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 7 4.9%
TD BANK US HOLDING COMPANY Other type of mortgage Closing on a mortgage 1 0.7%
TD BANK US HOLDING COMPANY Other type of mortgage Struggling to pay mortgage 1 0.7%
TD BANK US HOLDING COMPANY Other type of mortgage Trouble during payment process 6 4.2%
TD BANK US HOLDING COMPANY VA mortgage Applying for a mortgage or refinancing an existing mortgage 2 1.4%
TD BANK US HOLDING COMPANY VA mortgage Trouble during payment process 1 0.7%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
The Bank of Commerce 1098 E 1500 N Terreton, ID 83450 Full Service B&M $53,216
The Bank of Commerce 3113 South 25th East Ammon, ID 83406 Full Service B&M $214,376
The Bank of Commerce 375 Yellowstone Ave Idaho Falls, ID 83402 Full Service B&M $98,056
The Bank of Commerce 386 Main St Ririe, ID 83443 Full Service B&M $32,004
The Bank of Commerce 463 Rigby Lake Dr Rigby, ID 83442 Full Service B&M $63,953
The Bank of Commerce 590 Tyhee Ave American Falls, ID 83211 Full Service B&M $49,409
The Bank of Commerce 624 Jensen Grove Drive, Blackfoot, Idaho Blackfoot, ID 83221 Full Service B&M $132,806
The Bank of Commerce 65 E Wallace Ave Driggs, ID 83422 Full Service B&M $76,451
The Bank of Commerce 859 S Yellowstone Hwy Suite 2001 Rexburg, ID 83440 Full Service B&M $72,248
The Bank of Commerce 110 S Idaho St Dillon, MT 59725 Full Service B&M $117,882
The Bank of Commerce 1455 Northgate Mile Idaho Falls, ID 83401 Full Service B&M $165,045
The Bank of Commerce 1730 W Broadway St Idaho Falls, ID 83402 Full Service B&M $56,763
The Bank of Commerce 1770 E 17th St Idaho Falls, ID 83404 Full Service B&M $79,484
The Bank of Commerce 184 E 2nd N Rexburg, ID 83440 Full Service B&M $130,357
The Bank of Commerce 241 W Quinn Rd Pocatello, ID 83201 Full Service B&M $14,162
The Bank of Commerce 290 S State Street Shelley, ID 83274 Full Service B&M $111,235

For 2021, The Bank Of Commerce had 16 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $59,886
Net interest income $57,956
Total noninterest income $6,560
Gross Fiduciary activities income $264
Service charges on deposit accounts $718
Trading account gains and fees $0
Additional Noninterest Income $5,578
Pre-tax net operating income $35,882
Securities gains (or losses, -) $1
Income before extraordinary items $27,261
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $27,261
Minority interest net income $0
Net income $27,261
Sale, conversion, retirement of capital stock, net $0
Net operating income $27,260

The Bank Of Commerce's gross interest income from loans was $59,886,000.
The Bank Of Commerce's net interest income from loans was $57,956,000.
The Bank Of Commerce's fee based income from loans was $718,000.
The Bank Of Commerce's net income from loans was $27,261,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $1,930
Provision for credit losses $-151
Total noninterest expense $28,785
Salaries and employee benefits $18,721
Premises and equipment expense $3,150
Additional noninterest expense $6,914
Applicable income taxes $8,622
Net charge-offs $-437
Cash dividends $10,400

The Bank Of Commerce's interest expense for loans was $1,930,000.
The Bank Of Commerce's payroll and benefits expense were $18,721,000.
The Bank Of Commerce's property, plant and equipment expenses $3,150,000.

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 $1,608,264
Deposits held in domestic offices $1,608,264
Deposits by Individuals, partnerships, and corporations $1,534,004
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $72,721
Deposits by Commercial banks and other depository institutions in U.S. $1,539
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $880,505
Demand deposits $769,747
Nontransaction accounts $727,759
Money market deposit accounts (MMDAs) $206,068
Other savings deposits (excluding MMDAs) $321,869
Total time deposits $199,822
Total time and savings deposits $838,517
Noninterest-bearing deposits $769,747
Interest-bearing deposits $838,517
Retail deposits $1,501,059
IRAs and Keogh plan accounts $16,209
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $1,847,089
Cash & Balances due from depository institutions $388,775
Interest-bearing balances $352,257
Total securities $359,563
Federal funds sold & reverse repurchase $32,969
Net loans and leases $1,003,374
Loan and leases loss allowance $19,811
Trading account assets $0
Bank premises and fixed assets $18,617
Other real estate owned $0
Goodwill and other intangibles $0
All other assets $43,791

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $1,847,089
Total Liabilities $1,620,108
Total deposits $1,608,264
Interest-bearing deposits $838,517
Deposits held in domestic offices $1,608,264
% insured (estimated) $59
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $11,844

Issued Loan Types

Type Value (in 000's)
Net loans and leases $1,003,374
Loan and leases loss allowance $19,811
Total loans and leases (domestic) $1,023,185
All real estate loans $654,628
Real estate loans in domestic offices $654,628
Construction and development loans $140,401
Residential 1-4 family construction $47,436
Other construction, all land development and other land $92,965
Loans secured by nonfarm nonresidential properties $312,703
Nonfarm nonresidential secured by owner-occupied properties $166,716
Commercial real estate & other non-farm, non-residential $145,987
Multifamily residential real estate $35,716
1-4 family residential loans $58,890
Farmland loans $106,918
Loans held in foreign offices $0
Farm loans $169,444
Commercial and industrial loans $192,101
To non-U.S. addressees $0
Loans to individuals $8,995
Credit card loans $0
Related Plans $457
Consumer Auto Loans $3,269
Other loans to individuals $5,269
All other loans & leases $529
Loans to foreign governments and official institutions $0
Other loans $523
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $7,976
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $2,672
Non 1-4 family restructured loans & leases $2,672
Total loans and leases (foreign) $0

The Bank of Commerce had $1,003,374,000 of loans outstanding in 2021. $654,628,000 of loans were in real estate loans. $140,401,000 of loans were in development loans. $35,716,000 of loans were in multifamily mortgage loans. $58,890,000 of loans were in 1-4 family mortgage loans. $169,444,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,269,000 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 357 $87,128 $244,056
Nonfarm, nonresidential loans - <$100k 59 $2,721 $46,119
Nonfarm, nonresidential loans - $100-250k 113 $14,521 $128,504
Nonfarm, nonresidential loans - $250k-1MM 185 $69,886 $377,762
Commercial & Industrial, US addressed loans - <$1MM 1,318 $71,776 $54,458
Commercial & Industrial, US addressed loans - <$100k 854 $2,138 $2,504
Commercial & Industrial, US addressed loans - $100-250k 246 $21,140 $85,935
Commercial & Industrial, US addressed loans - $250k-1MM 218 $48,498 $222,468
Farmland loans - <$1MM 100 $13,556 $135,560
Farmland loans - <$100k 30 $1,368 $45,600
Farmland loans - $100-250k 44 $5,412 $123,000
Farmland loans - $250k-1MM 26 $6,776 $260,615
Agriculture operations loans - <$1MM 816 $44,161 $54,119
Agriculture operations loans - <$100k 541 $12,533 $23,166
Agriculture operations loans - $100-250k 179 $15,551 $86,877
Agriculture operations loans - $250k-1MM 96 $16,077 $167,469