Loan Officer Salary at Commercial State Bank BETA

How much does a Commercial State Bank Loan Officer make?

As of April 2025, the average annual salary for a Loan Officer at Commercial State Bank is $53,599, which translates to approximately $26 per hour. Salaries for Loan Officer at Commercial State Bank typically range from $46,689 to $61,865, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Commercial State Bank Overview

Website:
commercialstate.com
Size:
<25 Employees
Revenue:
$5M - $10M
Industry:
Financial Services

We, at the Commercial State Bank, are dedicated to meeting the financial needs of our customers in and around the Wagner area by providing high quality and creative financial services through a skilled professional staff. We will accomplish our mission by remaining an independent community bank, focusing on our present and future customer needs, and providing challenging and rewarding opportunities for our employees while continuing to provide leadership and involvement in the development of our community. This will facilitate future bank growth and insure dividends to our stockholders.

See similar companies related to Commercial State Bank

What Skills Does a person Need at Commercial State Bank?

At Commercial State Bank, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Financial services: A services provided by the finance industry, which encompasses a broad range of businesses that manage money. These services involve banking, brokerage, mortgages, credit cards, payment services, real estate, investment funds, taxes and accounting.
  2. Mortgage Loans: A mortgage loan or, simply, mortgage (/ˈmɔːrɡɪdʒ/) is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged. The loan is "secured" on the borrower's property through a process known as mortgage origination. This means that a legal mechanism is put into place which allows the lender to take possession and sell the secured property ("foreclosure" or "repossession") to pay off the loan in the event the borrower defaults on the loan or otherwise fails to abide by its terms. The word mortgage is derived from a Law French term used in Britain in the Middle Ages meaning "death pledge" and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure. A mortgage can also be described as "a borrower giving consideration in the form of a collateral for a benefit (loan)".
  3. Underwriting: Underwriting services are provided by some large financial institutions, such as banks, or insurance or investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such guarantee. An underwriting arrangement may be created in a number of situations including insurance, issue of securities in a public offering, and bank lending, among others. The person or institution that agrees to sell a minimum number of securities of the company for commission is called the underwriter. The name derives from the Lloyd's of London insurance market. Financial bankers, who would accept some of the risk on a given venture (historically a sea voyage with associated risks of shipwreck) in exchange for a premium, would literally write their names under the risk information that was written on a Lloyd's slip created for this purpose.
  4. Loan Origination: Loan origination is the process by which a borrower applies for a new loan, and a lender processes that application. Origination generally includes all the steps from taking a loan application up to disbursal of funds (or declining the application). For mortgages, there is a specific mortgage origination process. Loan servicing covers everything after disbursing the funds until the loan is fully paid off. Loan origination is a specialized version of new account opening for financial services organizations. Certain people and organizations specialize in loan origination. Mortgage brokers and other mortgage originator companies serve as a prominent example. There are many different types of loans. For more information on loan types, see the loan and consumer lending articles. Steps involved in originating a loan vary by loan type, various kinds of loan risk, regulator, lender policy, and other factors.
  5. Pricing: Pricing is a process of fixing the value that a manufacturer will receive in the exchange of services and goods.

Related Jobs

Good Samaritan Society
Tyndall , SD

Careers With Purpose Join our not-for-profit organization that has provided over 100 years of housing and services to seniors with a commitment to quality care and service in a Christian environment. Facility: GSS SD Tyndall Ctr Location: Tyndall, SD Address: 2304 Laurel St, Tyndall, SD 57066, USA Shift: Day Job Schedule: Full time Weekly Hours: 36.00 Salary Range: $24.00 - $36.00 Pay Info: $10,000.00 SIGN ON BONUS!!! Department Details GREAT family oriented work environment! Required - every 3rd weekend and every 3rd holiday Job Summary The Licensed Practical Nurse (LPN) provides professional nursing care for residents of all ages in long term care, under the supervision of a registered nurse, advanced practice provider, or physician. Demonstrates knowledge of nursing principles for the resident in the relevant clinical setting. Demonstrates competency and practices within the full scope of nursing expertise/knowledge and utilizes appropriate age and population specific standards rela


Sponsored
4/28/2025 12:00:00 AM
Avera
Wagner , SD

Starting rate of pay is $23.00 per hour. The Billing Specialist will be responsible for the daily billing operations for designated areas of billing and insurance coding. Will work with providers and other staff to resolve coding and reimbursement issues and also help with patient concerns. Will assist in denial management and appeals. Day shift hours, Monday through Friday. Remote work is not available. General knowledge of medical terminology, Medicare, Medicaid, I.H.S., and third-party billing is essential. Technical certification from National Association of Healthcare Access Managers (NAHAM) or American Association of Healthcare Administration Management (AAHAM) is preferred but not required. Potential benefits include free basic life insurance, partially paid health and dental insurance, PTO, ESL, Flexible Spending Accounts, and retirement with up to a 5% employer match. Applications will be taken until the position is filled. The policy of Avera to provide opportunities for all


Sponsored
4/28/2025 12:00:00 AM
Good Samaritan Society
Tyndall , SD

Careers With Purpose Join our not-for-profit organization that has provided over 100 years of housing and services to seniors with a commitment to quality care and service in a Christian environment. Facility: GSS SD Tyndall Ctr Location: Tyndall, SD Address: 2304 Laurel St, Tyndall, SD 57066, USA Shift: 12 Hours - Night Shifts Job Schedule: Full time Weekly Hours: 36.00 Salary Range: $24.00 - $36.00 Pay Info: $10,000 Sign On Bonus!! Department Details Join a rewarding humbling team environment that not only cares about the people who live here but also those that work here LPN night position - 12 hour shifts with every third weekend and holiday required, a straight night differential and weekend differential available!! Sign on Bonus $10,000 Benefits: · Competitive Compensation · Direct access to your earnings daily · Flexible Scheduling Options Available · Fun, Family Oriented Work Environment · Excellent Health, Dental and Vision Insurance · Generous Shift Differentials · Health Sav


Sponsored
4/27/2025 12:00:00 AM
Good Samaritan Society
Corsica , SD

Careers With Purpose Join our not-for-profit organization that has provided over 100 years of housing and services to seniors with a commitment to quality care and service in a Christian environment. Facility: GSS SD Corsica Pleasant View Location: Corsica, SD Address: 455 N Dakota Ave, Corsica, SD 57328, USA Shift: 12 Hours - Night Shifts Job Schedule: Flex Weekly Hours: 16.00 Salary Range: 24.00 - 36.00 Pay Info: This position may qualify for a sign on bonus of $5,000 Job Summary The Licensed Practical Nurse (LPN) provides professional nursing care for residents of all ages in long term care, under the supervision of a registered nurse, advanced practice provider, or physician. Demonstrates knowledge of nursing principles for the resident in the relevant clinical setting. Demonstrates competency and practices within the full scope of nursing expertise/knowledge and utilizes appropriate age and population specific standards related to the physical and psychosocial needs of the residen


Sponsored
4/27/2025 12:00:00 AM
Avera
Wagner , SD

**Due to an increased volume of workload, we are in search of** **additional support in the Human Resources Department:** **Full-Time Payroll / Credentialing Specialist** **Starting at $24.75 per hour** **Additional compensation will be considered based on experience** **SUMMARY** The candidate selected will contribute to the Human Resources Department by providing a supporting role for planning and organizing multiple aspects of Payroll and Medical Staff Credentialing functions for all staff as needed. Depending on experience and skill set, Human Resource functions may also be designated to include employment, compensation, employee relations, and training of staff. **SCHEDULE** Monday through Friday **EDUCATION / EXPERIENCE** Preferred five (5) years or more of prior related experience and/or training; or equivalent combination of education and relevant experience in Payroll, Medical Staff Credentialing, and/or Human Resource roles. SHRM Certification, or equivalent, is desired but n


Sponsored
4/27/2025 12:00:00 AM
Avera
Wagner , SD

**$25,000 Sign-On Bonus** **(to be forgiven over 36 months)** **$10,000 3-Year Retention Bonus for qualified applicants** **Starting Annual Salary of $90,000** with additional consideration for experience The Physical Therapist provides high quality physical therapy services in a hospital and outpatient setting, 40 hours per week, Monday through Friday, 8:00am 5:00pm. Graduate from an accredited college program of Physical Therapy with a current Physical Therapy License in the State of South Dakota. CPR will be required (training provided) and previous experience is preferred. Prior Meditech experience is preferred but not required. Potential benefits include free basic life insurance, partially paid health and dental insurance, PTO, ESL, and retirement with up to a 5% employer match. The policy of Avera to provide opportunities for all qualified employees or applicants without regard to disability and to provide reasonable accommodations for all employees or applicants who may be disa


Sponsored
4/26/2025 12:00:00 AM
SFS, Inc.
Wagner , SD

Overview: Retail Merchandiser Come join SFS as a Retail Merchandiser independent contractor and enjoy all the benefits of creating your own schedule. This flexible environment is created by the clients we service, they provide a window of time instead of a specific days, allowing you to set your own schedule. As a Merchandiser, you can service various products, conduct resets, product cut-ins, returns, POP placement and other general merchandising activities. We have available part-time, on-going work servicing a wide-variety of clients/retailers for weekly, bi-weekly, and monthly visits. Lets get started as an independent contractor, its quick & easy; CLICK APPLY or text SFSJOBS to 97211 Things to Consider: You control when and how much you work Create your work schedule Be your own BOSS What we Offer: Competitive pay DailyPay work today, get paid tomorrow Free Enrollment Required Qualifications: Merchandising and/or retail experience Available weekday daytime hours Able to read plan-


Sponsored
4/24/2025 12:00:00 AM
C & B Operations
Wagner , SD

C & B Operations, LLC is a progressive family-owned company that has grown over 35 years to include thirty-six John Deere dealerships in six states. We currently have an opening for a Service Technician for our John Deere dealership location in Wagner, South Dakota. This individual will perform diagnostics, service repairs and maintenance work on customer and/or dealer-owned agricultural equipment. Essential Duties: Performs diagnostics and repairs on agricultural farm equipment Participates in Training programs required for the development of skills and knowledge Completes all job notes required in conjunction with work assignments Accounts for all time on a digital timecard and for all material used in performing assigned duties Maintains current product knowledge of John Deere and competitive products Maintains a clean work area and performs work in a neat and orderly fashion Maintains condition of vehicles, inventory, tools, and equipment Promotes and sells the service department t


Sponsored
4/24/2025 12:00:00 AM

Check more jobs information at Commercial State Bank

Job Title Average Commercial State Bank Salary Hourly Rate
2 Loan Officer $47,117 $23
3 Teller $26,196 $13

Hourly Pay at Commercial State Bank

The average hourly pay at Commercial State Bank for a Loan Officer is $26 per hour. The location, department, and job description all have an impact on the typical compensation for Commercial State Bank positions. The pay range and total remuneration for the job title are shown in the table below. Commercial State Bank may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $53,599 look to you?

FAQ about Salary and Jobs at Commercial State Bank

1. How much does Commercial State Bank pay per hour?
The average hourly pay is $26. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Commercial State Bank?
According to the data, the highest approximate salary is about $61,865 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Commercial State Bank?
According to the data, the lowest estimated salary is about $46,689 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.