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, Blackfoot, Jackson, and Pocatello among others. We have data for 12 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

177

Origination Dollar Volume (All Markets)

$48,015,000

Employee count

208

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) 76 $17,440,000 $229,474 $0 0.00%
Rexburg, ID (FHA|USDA|VA) 27 $14,645,000 $542,407 $0 0.00%
Outside of Metro Areas 25 $5,325,000 $213,000 $0 0.00%
Blackfoot, ID (FHA|USDA|VA) 23 $4,295,000 $186,739 $0 0.00%
Jackson, WY-ID (FHA|USDA|VA) 9 $2,645,000 $293,889 $0 0.00%
POCATELLO, ID (FHA|USDA|VA) 10 $2,160,000 $216,000 $0 0.00%
Burley, ID (FHA|USDA|VA) 2 $500,000 $250,000 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $465,000 $465,000 $0 0.00%
BOISE CITY, ID (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
GREAT FALLS, MT (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
TWIN FALLS, ID (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
Bozeman, MT (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
The Bank Of Commerce's top markets include Idaho Falls, Rexburg, Blackfoot, Jackson, and Pocatello among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 158 $44,050,000 $278,797 $0 0.00%
    VA 9 $1,955,000 $217,222 $0 0.00%
    FHA 8 $1,610,000 $201,250 $0 0.00%
    USDA 2 $400,000 $200,000 $0 0.00%

    For 2019, The Bank Of Commerce's most frequently originated type of loan was Conventional, with 158 originations. Their 2nd most popular type was VA, with 9 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 101 $32,375,000 $320,545 $0 0.00%
    Cash Out Refi 46 $8,920,000 $193,913 $0 0.00%
    Refi 30 $6,720,000 $224,000 $0 0.00%

    For 2019, The Bank Of Commerce's most frequently cited loan purpose was Home Purchase, with 101 originations. The 2nd most popular reason was Cash Out Refi, with 46 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 177 $48,015,000 $271,271 $0 0.00%

    For 2019, The Bank Of Commerce's most frequently cited loan duration was Other, with 177 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 75 $11,605,000 $154,733 $0 0.00%
    $200k-400k 71 $19,245,000 $271,056 $0 0.00%
    $400k-600k 14 $6,420,000 $458,571 $0 0.00%
    $100,000 or less 13 $875,000 $67,308 $0 0.00%
    $600k-1MM 3 $2,425,000 $808,333 $0 0.00%
    $1MM+ 1 $7,445,000 $7,445,000 $0 0.00%

    2019 saw The Bank Of Commerce place emphasis on $100k-200k loans with 75 originations, totaling $11,605,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 35 $7,865,000 $224,714 $0 0.00%
    $50k or less 34 $5,330,000 $156,765 $0 0.00%
    $50k-75k 32 $6,540,000 $204,375 $0 0.00%
    $75k-100k 18 $4,130,000 $229,444 $0 0.00%
    $250k+ 17 $6,265,000 $368,529 $0 0.00%
    $150k-250k 11 $4,045,000 $367,727 $0 0.00%

    The Bank Of Commerce lent most frequently to those with incomes in the $100k-150k range, with 35 originations. The second most popular income band? $50k or less, with 34 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 177 $48,015,000 $271,271 $0 0.00%

    The Bank Of Commerce lent most frequently to those with DTI ratios of Exempt%, with 177 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 153 $36,075,000 $235,784 $0 0.00%
    Not applicable 12 $9,350,000 $779,167 $0 0.00%
    Not provided 11 $2,405,000 $218,636 $0 0.00%
    Native Hawaiian or Islander 1 $185,000 $185,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.65%

    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
    86.44%

    The Bank Of Commerce has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 177 $48,015,000 $271,271

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $7,650,000 $3,825,000
    Single Family (1-4 Units):Manufactured 7 $1,155,000 $165,000
    Single Family (1-4 Units):Site-Built 168 $39,210,000 $233,393

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    TD BANK US HOLDING COMPANY Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 7 6.9%
    TD BANK US HOLDING COMPANY Conventional home mortgage Closing on a mortgage 10 9.8%
    TD BANK US HOLDING COMPANY Conventional home mortgage Struggling to pay mortgage 7 6.9%
    TD BANK US HOLDING COMPANY Conventional home mortgage Trouble during payment process 34 33.3%
    TD BANK US HOLDING COMPANY FHA mortgage Struggling to pay mortgage 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 4 3.9%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Closing on a mortgage 4 3.9%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Incorrect information on your report 2 2.0%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Struggling to pay mortgage 7 6.9%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Trouble during payment process 13 12.7%
    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 Incorrect information on your report 2 2.0%
    TD BANK US HOLDING COMPANY Other type of mortgage Struggling to pay mortgage 2 2.0%
    TD BANK US HOLDING COMPANY Other type of mortgage Trouble during payment process 7 6.9%
    TD BANK US HOLDING COMPANY Reverse mortgage Closing on a mortgage 1 1.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Bank of Commerce 590 Tyhee Ave American Falls, ID 83211 Full Service B&M $30,842
    The Bank of Commerce 1098 E 1500 N Terreton, ID 83450 Full Service B&M $39,481
    The Bank of Commerce 110 South Idaho Street Dillon, MT 59725 Full Service B&M $93,138
    The Bank of Commerce 1455 Northgate Mile Idaho Falls, ID 83401 Full Service B&M $107,327
    The Bank of Commerce 1730 W Broadway St Idaho Falls, ID 83402 Full Service B&M $35,180
    The Bank of Commerce 1770 E 17th St Idaho Falls, ID 83404 Full Service B&M $57,938
    The Bank of Commerce 184 E 2nd N Rexburg, ID 83440 Full Service B&M $107,396
    The Bank of Commerce 241 W Quinn Rd Pocatello, ID 83201 Full Service B&M $11,499
    The Bank of Commerce 290 S State Street Shelley, ID 83274 Full Service B&M $50,892
    The Bank of Commerce 3113 South 25th East Ammon, ID 83406 Full Service B&M $144,908
    The Bank of Commerce 375 Yellowstone Ave Idaho Falls, ID 83402 Full Service B&M $74,309
    The Bank of Commerce 386 Main St Ririe, ID 83443 Full Service B&M $27,133
    The Bank of Commerce 463 Rigby Lake Dr Rigby, ID 83442 Full Service B&M $39,653
    The Bank of Commerce 624 Jensen Grove Drive, Blackfoot, Idaho Blackfoot, ID 83221 Full Service B&M $90,284
    The Bank of Commerce 65 E Wallace Ave Driggs, ID 83422 Full Service B&M $55,784
    The Bank of Commerce 859 S Yellowstone Hwy Suite 2001 Rexburg, ID 83440 Full Service B&M $48,490

    For 2019, The Bank Of Commerce had 16 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $62,561
    Net interest income $59,059
    Total noninterest income $4,763
    Gross Fiduciary activities income $233
    Service charges on deposit accounts $1,041
    Trading account gains and fees $0
    Additional Noninterest Income $3,489
    Pre-tax net operating income $32,503
    Securities gains (or losses, -) $-5
    Income before extraordinary items $24,606
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $24,606
    Minority interest net income $0
    Net income $24,606
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $24,609

    The Bank Of Commerce's gross interest income from loans was $62,561,000.
    The Bank Of Commerce's net interest income from loans was $59,059,000.
    The Bank Of Commerce's fee based income from loans was $1,041,000.
    The Bank Of Commerce's net income from loans was $24,606,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,502
    Provision for credit losses $5,289
    Total noninterest expense $26,030
    Salaries and employee benefits $16,624
    Premises and equipment expense $3,008
    Additional noninterest expense $6,398
    Applicable income taxes $7,892
    Net charge-offs $715
    Cash dividends $10,000

    The Bank Of Commerce's interest expense for loans was $3,502,000.
    The Bank Of Commerce's payroll and benefits expense were $16,624,000.
    The Bank Of Commerce's property, plant and equipment expenses $3,008,000.

    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 $1,075,389
    Deposits held in domestic offices $1,075,389
    Deposits by Individuals, partnerships, and corporations $878,616
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $195,488
    Deposits by Commercial banks and other depository institutions in U.S. $1,285
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $120,386
    Demand deposits $104,740
    Nontransaction accounts $955,003
    Money market deposit accounts (MMDAs) $152,667
    Other savings deposits (excluding MMDAs) $612,761
    Total time deposits $189,575
    Total time and savings deposits $970,649
    Noninterest-bearing deposits $465,286
    Interest-bearing deposits $610,103
    Retail deposits $979,842
    IRAs and Keogh plan accounts $14,797
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,283,566
    Cash & Balances due from depository institutions $192,609
    Interest-bearing balances $149,881
    Total securities $115,915
    Federal funds sold & reverse repurchase $62,806
    Net loans and leases $877,974
    Loan and leases loss allowance $16,742
    Trading account assets $0
    Bank premises and fixed assets $18,080
    Other real estate owned $53
    Goodwill and other intangibles $0
    All other assets $16,129

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,283,566
    Total Liabilities $1,086,043
    Total deposits $1,075,389
    Interest-bearing deposits $610,103
    Deposits held in domestic offices $1,075,389
    % insured (estimated) $65
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $10,654

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $877,974
    Loan and leases loss allowance $16,742
    Total loans and leases (domestic) $894,716
    All real estate loans $519,344
    Real estate loans in domestic offices $519,344
    Construction and development loans $108,188
    Residential 1-4 family construction $17,039
    Other construction, all land development and other land $91,149
    Loans secured by nonfarm nonresidential properties $252,362
    Nonfarm nonresidential secured by owner-occupied properties $117,950
    Commercial real estate & other non-farm, non-residential $134,412
    Multifamily residential real estate $8,873
    1-4 family residential loans $49,655
    Farmland loans $100,266
    Loans held in foreign offices $0
    Farm loans $201,451
    Commercial and industrial loans $164,511
    To non-U.S. addressees $0
    Loans to individuals $10,228
    Credit card loans $0
    Related Plans $613
    Consumer Auto Loans $3,299
    Other loans to individuals $6,316
    All other loans & leases $939
    Loans to foreign governments and official institutions $0
    Other loans $524
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $1,506
    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 $877,974,000 of loans outstanding in 2019. $519,344,000 of loans were in real estate loans. $108,188,000 of loans were in development loans. $8,873,000 of loans were in multifamily mortgage loans. $49,655,000 of loans were in 1-4 family mortgage loans. $201,451,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,299,000 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 360 $79,807 $221,686
    Nonfarm, nonresidential loans - <$100k 84 $4,137 $49,250
    Nonfarm, nonresidential loans - $100-250k 120 $15,570 $129,750
    Nonfarm, nonresidential loans - $250k-1MM 156 $60,100 $385,256
    Commercial & Industrial, US addressed loans - <$1MM 1,343 $82,497 $61,427
    Commercial & Industrial, US addressed loans - <$100k 920 $22,307 $24,247
    Commercial & Industrial, US addressed loans - $100-250k 243 $19,642 $80,831
    Commercial & Industrial, US addressed loans - $250k-1MM 180 $40,548 $225,267
    Farmland loans - <$1MM 139 $18,226 $131,122
    Farmland loans - <$100k 49 $2,007 $40,959
    Farmland loans - $100-250k 52 $6,316 $121,462
    Farmland loans - $250k-1MM 38 $9,903 $260,605
    Agriculture operations loans - <$1MM 924 $51,902 $56,171
    Agriculture operations loans - <$100k 634 $15,021 $23,692
    Agriculture operations loans - $100-250k 180 $16,375 $90,972
    Agriculture operations loans - $250k-1MM 110 $20,506 $186,418