The Bank Of Commerce Mortgage Rates, Fees & Info

Ammon, ID

LEI: 549300ZYK1Z0EK2JC967

Tax ID: 82-0237616

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Mortgage Data

Bank 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 a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Idaho Falls, Rexburg, Pocatello, Blackfoot, and Jackson 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

185

Origination Dollar Volume (All Markets)

$56,545,000

Employee count

214

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) 78 $18,600,000 $238,462 $0 0.00%
Rexburg, ID (FHA|USDA|VA) 16 $13,620,000 $851,250 $0 0.00%
POCATELLO, ID (FHA|USDA|VA) 18 $9,160,000 $508,889 $0 0.00%
Blackfoot, ID (FHA|USDA|VA) 27 $5,935,000 $219,815 $0 0.00%
Outside of Metro Areas 27 $5,665,000 $209,815 $0 0.00%
Jackson, WY-ID (FHA|USDA|VA) 10 $2,280,000 $228,000 $0 0.00%
BOISE CITY, ID (FHA|USDA|VA) 2 $370,000 $185,000 $0 0.00%
TWIN FALLS, ID (FHA|USDA|VA) 2 $290,000 $145,000 $0 0.00%
LOGAN, UT-ID (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
YAKIMA, WA (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
Butte-Silver Bow, MT (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
The Bank Of Commerce's top markets include Idaho Falls, Rexburg, Pocatello, Blackfoot, and Jackson among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 165 $52,915,000 $320,697 $0 0.00%
    FHA 8 $1,150,000 $143,750 $0 0.00%
    VA 8 $1,750,000 $218,750 $0 0.00%
    USDA 4 $730,000 $182,500 $0 0.00%

    For 2018, The Bank Of Commerce's most frequently originated type of loan was Conventional, with 165 originations. Their 2nd most popular type was FHA, with 8 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 116 $37,280,000 $321,379 $0 0.00%
    Cash Out Refi 49 $8,825,000 $180,102 $0 0.00%
    Refi 18 $10,280,000 $571,111 $0 0.00%
    Home Improvement 2 $160,000 $80,000 $0 0.00%

    For 2018, The Bank Of Commerce's most frequently cited loan purpose was Home Purchase, with 116 originations. The 2nd most popular reason was Cash Out Refi, with 49 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 185 $56,545,000 $305,649 $0 0.00%

    For 2018, The Bank Of Commerce's most frequently cited loan duration was Other, with 185 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 82 $11,940,000 $145,610 $0 0.00%
    $200k-400k 62 $17,250,000 $278,226 $0 0.00%
    $100,000 or less 20 $1,330,000 $66,500 $0 0.00%
    $400k-600k 8 $3,580,000 $447,500 $0 0.00%
    $600k-1MM 7 $5,245,000 $749,286 $0 0.00%
    $1MM+ 6 $17,200,000 $2,866,667 $0 0.00%

    2018 saw The Bank Of Commerce place emphasis on $100k-200k loans with 82 originations, totaling $11,940,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 44 $9,510,000 $216,136 $0 0.00%
    $50k or less 35 $4,665,000 $133,286 $0 0.00%
    $75k-100k 25 $6,905,000 $276,200 $0 0.00%
    $100k-150k 20 $5,640,000 $282,000 $0 0.00%
    $150k-250k 15 $4,515,000 $301,000 $0 0.00%
    $250k+ 14 $4,150,000 $296,429 $0 0.00%

    The Bank Of Commerce lent most frequently to those with incomes in the $50k-75k range, with 44 originations. The second most popular income band? $50k or less, with 35 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 185 $56,545,000 $305,649 $0 0.00%

    The Bank Of Commerce lent most frequently to those with DTI ratios of Exempt%, with 185 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 155 $35,565,000 $229,452 $0 0.00%
    Not applicable 16 $18,000,000 $1,125,000 $0 0.00%
    Not provided 13 $2,775,000 $213,462 $0 0.00%
    Asian 1 $205,000 $205,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.20%

    The Bank Of Commerce 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
    87.57%

    The Bank Of Commerce has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 185 $56,545,000 $305,649

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 9 $13,765,000 $1,529,444
    Single Family (1-4 Units):Manufactured 6 $750,000 $125,000
    Single Family (1-4 Units):Site-Built 170 $42,030,000 $247,235

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    TD BANK US HOLDING COMPANY Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 10 9.8%
    TD BANK US HOLDING COMPANY Conventional home mortgage Closing on a mortgage 4 3.9%
    TD BANK US HOLDING COMPANY Conventional home mortgage Incorrect information on your report 1 1.0%
    TD BANK US HOLDING COMPANY Conventional home mortgage Struggling to pay mortgage 6 5.9%
    TD BANK US HOLDING COMPANY Conventional home mortgage Trouble during payment process 30 29.4%
    TD BANK US HOLDING COMPANY FHA mortgage Incorrect information on your report 1 1.0%
    TD BANK US HOLDING COMPANY FHA mortgage Struggling to pay mortgage 4 3.9%
    TD BANK US HOLDING COMPANY FHA mortgage Trouble during payment process 1 1.0%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 8 7.8%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Closing on a mortgage 3 2.9%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Incorrect information on your report 1 1.0%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Problem with a credit reporting company's investigation into an existing problem 1 1.0%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Struggling to pay mortgage 3 2.9%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Trouble during payment process 14 13.7%
    TD BANK US HOLDING COMPANY Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 1.0%
    TD BANK US HOLDING COMPANY Other type of mortgage Closing on a mortgage 3 2.9%
    TD BANK US HOLDING COMPANY Other type of mortgage Struggling to pay mortgage 4 3.9%
    TD BANK US HOLDING COMPANY Other type of mortgage Trouble during payment process 7 6.9%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Bank of Commerce 386 Main St Ririe, ID 83443 Full Service B&M $23,441
    The Bank of Commerce 1098 E 1500 N Terreton, ID 83450 Full Service B&M $39,224
    The Bank of Commerce 110 South Idaho Street Dillon, MT 59725 Full Service B&M $97,989
    The Bank of Commerce 1455 Northgate Mile Idaho Falls, ID 83401 Full Service B&M $105,923
    The Bank of Commerce 1730 W Broadway St Idaho Falls, ID 83402 Full Service B&M $35,708
    The Bank of Commerce 1770 E 17th St Idaho Falls, ID 83404 Full Service B&M $55,124
    The Bank of Commerce 184 E 2nd N Rexburg, ID 83440 Full Service B&M $94,488
    The Bank of Commerce 241 W Quinn Rd Pocatello, ID 83201 Full Service B&M $8,213
    The Bank of Commerce 290 S State Street Shelley, ID 83274 Full Service B&M $51,366
    The Bank of Commerce 3113 South 25th East Ammon, ID 83406 Full Service B&M $140,323
    The Bank of Commerce 375 Yellowstone Ave Idaho Falls, ID 83402 Full Service B&M $78,454
    The Bank of Commerce 463 Rigby Lake Dr Rigby, ID 83442 Full Service B&M $35,955
    The Bank of Commerce 590 Tyhee Ave American Falls, ID 83211 Full Service B&M $31,945
    The Bank of Commerce 624 Jensen Grove Drive, Blackfoot, Idaho Blackfoot, ID 83221 Full Service B&M $79,458
    The Bank of Commerce 65 E Wallace Ave Driggs, ID 83422 Full Service B&M $56,662
    The Bank of Commerce 859 S Yellowstone Hwy Suite 2001 Rexburg, ID 83440 Full Service B&M $42,740

    For 2018, The Bank Of Commerce had 16 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $55,753
    Net interest income $53,649
    Total noninterest income $4,079
    Gross Fiduciary activities income $243
    Service charges on deposit accounts $1,150
    Trading account gains and fees $0
    Additional Noninterest Income $2,686
    Pre-tax net operating income $27,860
    Securities gains (or losses, -) $0
    Income before extraordinary items $21,333
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $21,333
    Minority interest net income $0
    Net income $21,333
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $21,333

    The Bank Of Commerce's gross interest income from loans was $55,753,000.
    The Bank Of Commerce's net interest income from loans was $53,649,000.
    The Bank Of Commerce's fee based income from loans was $1,150,000.
    The Bank Of Commerce's net income from loans was $21,333,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,104
    Provision for credit losses $4,635
    Total noninterest expense $25,233
    Salaries and employee benefits $15,813
    Premises and equipment expense $2,804
    Additional noninterest expense $6,616
    Applicable income taxes $6,527
    Net charge-offs $54
    Cash dividends $8,200

    The Bank Of Commerce's interest expense for loans was $2,104,000.
    The Bank Of Commerce's payroll and benefits expense were $15,813,000.
    The Bank Of Commerce's property, plant and equipment expenses $2,804,000.

    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 1.0%
    HELOC loans 0.0%
    All other family 2.0%
    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 $1,058,395
    Deposits held in domestic offices $1,058,395
    Deposits by Individuals, partnerships, and corporations $876,398
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $181,165
    Deposits by Commercial banks and other depository institutions in U.S. $832
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $122,566
    Demand deposits $107,207
    Nontransaction accounts $935,829
    Money market deposit accounts (MMDAs) $138,563
    Other savings deposits (excluding MMDAs) $620,704
    Total time deposits $176,562
    Total time and savings deposits $951,188
    Noninterest-bearing deposits $482,620
    Interest-bearing deposits $575,775
    Retail deposits $973,003
    IRAs and Keogh plan accounts $15,716
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,250,076
    Cash & Balances due from depository institutions $198,238
    Interest-bearing balances $160,089
    Total securities $133,227
    Federal funds sold & reverse repurchase $45,024
    Net loans and leases $839,681
    Loan and leases loss allowance $12,168
    Trading account assets $0
    Bank premises and fixed assets $17,651
    Other real estate owned $1,192
    Goodwill and other intangibles $0
    All other assets $15,063

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,250,076
    Total Liabilities $1,067,744
    Total deposits $1,058,395
    Interest-bearing deposits $575,775
    Deposits held in domestic offices $1,058,395
    % insured (estimated) $64
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $9,349

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $839,681
    Loan and leases loss allowance $12,168
    Total loans and leases (domestic) $851,849
    All real estate loans $488,896
    Real estate loans in domestic offices $488,896
    Construction and development loans $88,775
    Residential 1-4 family construction $16,988
    Other construction, all land development and other land $71,787
    Loans secured by nonfarm nonresidential properties $243,189
    Nonfarm nonresidential secured by owner-occupied properties $123,098
    Commercial real estate & other non-farm, non-residential $120,091
    Multifamily residential real estate $18,084
    1-4 family residential loans $47,358
    Farmland loans $91,490
    Loans held in foreign offices $0
    Farm loans $186,157
    Commercial and industrial loans $166,238
    To non-U.S. addressees $0
    Loans to individuals $11,392
    Credit card loans $0
    Related Plans $661
    Consumer Auto Loans $3,775
    Other loans to individuals $6,956
    All other loans & leases $1,247
    Loans to foreign governments and official institutions $0
    Other loans $538
    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

    The Bank of Commerce had $839,681,000 of loans outstanding in 2018. $488,896,000 of loans were in real estate loans. $88,775,000 of loans were in development loans. $18,084,000 of loans were in multifamily mortgage loans. $47,358,000 of loans were in 1-4 family mortgage loans. $186,157,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,775,000 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 350 $78,109 $223,169
    Nonfarm, nonresidential loans - <$100k 85 $3,960 $46,588
    Nonfarm, nonresidential loans - $100-250k 108 $13,588 $125,815
    Nonfarm, nonresidential loans - $250k-1MM 157 $60,561 $385,739
    Commercial & Industrial, US addressed loans - <$1MM 1,354 $83,477 $61,652
    Commercial & Industrial, US addressed loans - <$100k 922 $21,330 $23,134
    Commercial & Industrial, US addressed loans - $100-250k 256 $21,792 $85,125
    Commercial & Industrial, US addressed loans - $250k-1MM 176 $40,355 $229,290
    Farmland loans - <$1MM 141 $17,492 $124,057
    Farmland loans - <$100k 60 $2,260 $37,667
    Farmland loans - $100-250k 47 $6,076 $129,277
    Farmland loans - $250k-1MM 34 $9,156 $269,294
    Agriculture operations loans - <$1MM 986 $54,498 $55,272
    Agriculture operations loans - <$100k 696 $16,844 $24,201
    Agriculture operations loans - $100-250k 190 $18,113 $95,332
    Agriculture operations loans - $250k-1MM 100 $19,541 $195,410