The Bank Of Commerce Mortgage Rates, Fees & Info
Ammon, ID
LEI: 549300ZYK1Z0EK2JC967
Tax ID: 82-0237616
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Mortgage Data
Bank 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
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.
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 |
