The Bank Of Commerce Mortgage Rates, Fees & Info

Ammon, ID

LEI: 549300ZYK1Z0EK2JC967

Tax ID: 82-0237616

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Mortgage Data

Review & Overview

The Bank Of Commerce is a smaller bank specializing in Home Purchase loans. The Bank Of Commerce has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Idaho Falls, Boise City, Jackson, Rexburg, and Pocatello among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

The 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.

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Originations

80

Origination Dollar Volume (All Markets)

$45,870,000

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
IDAHO FALLS, ID (FHA|USDA|VA) 26 $11,360,000 $436,923 $0 0.00%
BOISE CITY, ID (FHA|USDA|VA) 2 $10,320,000 $5,160,000 $0 0.00%
Jackson, WY-ID (FHA|USDA|VA) 7 $7,045,000 $1,006,429 $0 0.00%
Rexburg, ID (FHA|USDA|VA) 6 $3,900,000 $650,000 $0 0.00%
POCATELLO, ID (FHA|USDA|VA) 9 $3,635,000 $403,889 $0 0.00%
Blackfoot, ID (FHA|USDA|VA) 11 $3,595,000 $326,818 $0 0.00%
Outside of Metro Areas 13 $3,315,000 $255,000 $0 0.00%
ST. GEORGE, UT (FHA|USDA|VA) 1 $655,000 $655,000 $0 0.00%
Heber, UT (FHA|USDA|VA) 1 $605,000 $605,000 $0 0.00%
LOGAN, UT-ID (FHA|USDA|VA) 1 $485,000 $485,000 $0 0.00%
Burley, ID (FHA|USDA|VA) 1 $415,000 $415,000 $0 0.00%
TWIN FALLS, ID (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
The Bank Of Commerce's top markets include Idaho Falls, Boise City, Jackson, Rexburg, and Pocatello among others.

Their top states include:
  • Idaho (FHA|USDA|VA)
  • Montana (FHA|USDA|VA)
  • Utah (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 67 $41,665,000 $621,866 $0 0.00%
    FHA 11 $3,395,000 $308,636 $0 0.00%
    VA 2 $810,000 $405,000 $0 0.00%

    For 2023, The Bank Of Commerce's most frequently originated type of loan was Conventional, with 67 originations. Their 2nd most popular type was FHA, with 11 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 55 $36,875,000 $670,455 $0 0.00%
    Refi 15 $6,395,000 $426,333 $0 0.00%
    Cash Out Refi 9 $2,575,000 $286,111 $0 0.00%
    Home Improvement 1 $25,000 $25,000 $0 0.00%

    For 2023, The Bank Of Commerce's most frequently cited loan purpose was Home Purchase, with 55 originations. The 2nd most popular reason was Refi, with 15 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 80 $45,870,000 $573,375 $0 0.00%

    For 2023, The Bank Of Commerce's most frequently cited loan duration was Other, with 80 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 37 $11,075,000 $299,324 $0 0.00%
    $600k-1MM 13 $9,095,000 $699,615 $0 0.00%
    $100k-200k 12 $1,940,000 $161,667 $0 0.00%
    $400k-600k 11 $5,055,000 $459,545 $0 0.00%
    $1MM+ 5 $18,675,000 $3,735,000 $0 0.00%
    $100,000 or less 2 $30,000 $15,000 $0 0.00%

    2023 saw The Bank Of Commerce place emphasis on $200k-400k loans with 37 originations, totaling $11,075,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 19 $11,425,000 $601,316 $0 0.00%
    $100k-150k 18 $6,760,000 $375,556 $0 0.00%
    $150k-250k 10 $4,450,000 $445,000 $0 0.00%
    $75k-100k 10 $3,070,000 $307,000 $0 0.00%
    $50k or less 8 $1,960,000 $245,000 $0 0.00%
    $50k-75k 6 $1,220,000 $203,333 $0 0.00%

    The Bank Of Commerce lent most frequently to those with incomes in the $250k+ range, with 19 originations. The second most popular income band? $100k-150k, with 18 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 80 $45,870,000 $573,375 $0 0.00%

    The Bank Of Commerce lent most frequently to those with DTI ratios of Exempt%, with 80 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 64 $25,610,000 $400,156 $0 0.00%
    Not applicable 8 $16,800,000 $2,100,000 $0 0.00%
    Not provided 6 $2,730,000 $455,000 $0 0.00%
    Asian 1 $415,000 $415,000 $0 0.00%
    American Indian 1 $315,000 $315,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.60%

    The Bank Of Commerce has an average approval rate.

    Pick Rate

    Approvals leading to origination
    31.25%

    The Bank Of Commerce has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 80 $45,870,000 $573,375

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    80 $45,870,000 $573,375