Industrial And Commercial Bank Of China Usa Mortgage Rates, Fees & Info

New York, NY

LEI: 254900YLQBQNWLGKOI74

Tax ID: 95-3763643

2021 Data | 2020 Data | 2019 Data | 2018 Data


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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Overview

    Industrial And Commercial Bank Of China Usa is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Industrial And Commercial Bank Of China Usa has a high proportion of conventional loans. Their top markets include Los Angeles, New York, San Francisco, San Jose, and Seattle among others. Industrial And Commercial Bank Of China Usa 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

    235

    Origination Dollar Volume (All Markets)

    $194,725,000

    Employee count

    296

    Top Markets

    Market Originations Total Value Average Loan Average Fees Average Rate
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 61 $65,345,000 $1,071,230 $0 0.00%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 59 $51,485,000 $872,627 $0 0.00%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 53 $41,805,000 $788,774 $0 0.00%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 12 $9,350,000 $779,167 $0 0.00%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 8 $7,800,000 $975,000 $0 0.00%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 13 $4,845,000 $372,692 $0 0.00%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $4,020,000 $2,010,000 $0 0.00%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 11 $3,895,000 $354,091 $0 0.00%
    STOCKTON, CA (FHA|USDA|VA) 4 $1,430,000 $357,500 $0 0.00%
    VALLEJO, CA (FHA|USDA|VA) 2 $930,000 $465,000 $0 0.00%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $925,000 $925,000 $0 0.00%
    MERCED, CA (FHA|USDA|VA) 2 $660,000 $330,000 $0 0.00%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $645,000 $645,000 $0 0.00%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $475,000 $475,000 $0 0.00%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $445,000 $445,000 $0 0.00%
    WORCESTER, MA-CT (FHA|USDA|VA) 2 $390,000 $195,000 $0 0.00%
    VISALIA, CA (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
    BAKERSFIELD, CA (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%

    Industrial And Commercial Bank Of China Usa's top markets include Los Angeles, New York, San Francisco, San Jose, and Seattle among others.

    Product Mix

    Loan Type Originations Total Value Average Loan Average Fees Average Rate
    Conventional 235 $194,725,000 $828,617 $0 0.00%

    For the 2021 period, Industrial And Commercial Bank Of China Usa's most frequently originated loan type of loans were Conventional, with 235 originations.

    Loan Reason

    Loan Reason Originations Total Value Average Loan Average Fees Average Rate
    Home Purchase 120 $85,100,000 $709,167 $0 0.00%
    Cash Out Refi 78 $86,090,000 $1,103,718 $0 0.00%
    Refi 34 $22,510,000 $662,059 $0 0.00%
    Home Improvement 3 $1,025,000 $341,667 $0 0.00%

    For the 2021, Industrial And Commercial Bank Of China Usa's most frequently cited loan purpose of loans were Home Purchase, with 120 originations. The 2nd most popular reason of loans were Cash Out Refi, with 78 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 235 $194,725,000 $828,617 $0 0.00%

    For the 2021, Industrial And Commercial Bank Of China Usa's most frequently cited loan length of loans were Other, with 235 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $600k-1MM 76 $57,400,000 $755,263 $0 0.00%
    $400k-600k 65 $31,555,000 $485,462 $0 0.00%
    $1MM+ 45 $91,665,000 $2,037,000 $0 0.00%
    $200k-400k 43 $13,205,000 $307,093 $0 0.00%
    $100k-200k 5 $815,000 $163,000 $0 0.00%
    $100,000 or less 1 $85,000 $85,000 $0 0.00%

    2021 saw Industrial And Commercial Bank Of China Usa place emphasis on $600k-1MM loans with 76 originations, totaling $57,400,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 14 $10,020,000 $715,714 $0 0.00%
    $150k-250k 5 $2,945,000 $589,000 $0 0.00%
    $100k-150k 3 $1,265,000 $421,667 $0 0.00%
    $50k-75k 1 $125,000 $125,000 $0 0.00%

    Industrial And Commercial Bank Of China Usa lent most frequently to those with incomes in the $250k+ range, with 14 originations. The second most popular income band? $150k-250k, with 5 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 235 $194,725,000 $828,617 $0 0.00%

    Industrial And Commercial Bank Of China Usa lent most frequently to those with DTI ratios of Exempt%, with 235 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 198 $138,140,000 $697,677 $0 0.00%
    Not applicable 11 $33,635,000 $3,057,727 $0 0.00%
    White 23 $21,025,000 $914,130 $0 0.00%
    Not provided 2 $1,060,000 $530,000 $0 0.00%
    Other Pacific Islander 1 $865,000 $865,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    99.32%

    Industrial And Commercial Bank Of China Usa 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
    70.83%

    Industrial And Commercial Bank Of China Usa has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 235 $194,725,000 $828,617

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    235 $194,725,000 $828,617

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    INTEGRITY CREDIT CORPORATION Conventional home mortgage Closing on a mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Industrial and Commercial Bank of China Usa, National Association 1250 Noriega Street San Francisco, CA 94122 Full Service B&M $85,202
    Industrial and Commercial Bank of China Usa, National Association 1001 Grant Avenue San Francisco, CA 94133 Full Service B&M $235,020
    Industrial and Commercial Bank of China Usa, National Association 1185 Avenue Of The Americas New York, NY 10036 Full Service B&M $754,268
    Industrial and Commercial Bank of China Usa, National Association 5773 Rosemead Boulevard Temple City, CA 91780 Full Service B&M $65,766
    Industrial and Commercial Bank of China Usa, National Association 622 Clement Street San Francisco, CA 94118 Full Service B&M $54,325
    Industrial and Commercial Bank of China Usa, National Association 168 West Valley Boulevard San Gabriel, CA 91776 Full Service B&M $40,285
    Industrial and Commercial Bank of China Usa, National Association 17180 Colima Road Hacienda Heights, CA 91745 Full Service B&M $159,565
    Industrial and Commercial Bank of China Usa, National Association 202 Canal Street New York, NY 10013 Full Service B&M $247,107
    Industrial and Commercial Bank of China Usa, National Association 23133 Hawthorne Boulevard. Suite 100 Torrance, CA 90505 Full Service B&M $51,254
    Industrial and Commercial Bank of China Usa, National Association 235 Grand Avenue, Suite 101 South San Francisco, CA 94080 Full Service B&M $104,269
    Industrial and Commercial Bank of China Usa, National Association 388 East Valley Boulevard, Suite 118 Alhambra, CA 91801 Full Service B&M $201,126
    Industrial and Commercial Bank of China Usa, National Association 39-02 Main Street Flushing, NY 11354 Full Service B&M $172,836
    Industrial and Commercial Bank of China Usa, National Association 401 Ninth Street Oakland, CA 94607 Full Service B&M $94,597
    Industrial and Commercial Bank of China Usa, National Association 5714 8th Avenue (At 57th Street) Brooklyn, NY 11220 Full Service B&M $66,427

    For 2021, Industrial And Commercial Bank Of China Usa had 14 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $95,843
    Net interest income $78,666
    Total noninterest income $7,451
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,100
    Trading account gains and fees $0
    Additional Noninterest Income $6,351
    Pre-tax net operating income $21,731
    Securities gains (or losses, -) $0
    Income before extraordinary items $14,527
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $14,527
    Minority interest net income $0
    Net income $14,527
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $14,527

    Industrial And Commercial Bank Of China Usa's gross interest income from loans was $95,843,000.
    Industrial And Commercial Bank Of China Usa's net interest income from loans was $78,666,000.
    Industrial And Commercial Bank Of China Usa's fee based income from loans was $1,100,000.
    Industrial And Commercial Bank Of China Usa's net income from loans was $14,527,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $17,177
    Provision for credit losses $2,000
    Total noninterest expense $62,386
    Salaries and employee benefits $37,833
    Premises and equipment expense $12,935
    Additional noninterest expense $11,618
    Applicable income taxes $7,204
    Net charge-offs $1,591
    Cash dividends $0

    Industrial And Commercial Bank Of China Usa's interest expense for loans was $17,177,000.
    Industrial And Commercial Bank Of China Usa's payroll and benefits expense were $37,833,000.
    Industrial And Commercial Bank Of China Usa's property, plant and equipment expenses $12,935,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 2.0%
    Construction & Land Development loans 14.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    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 $2,326,058
    Deposits held in domestic offices $2,326,058
    Deposits by Individuals, partnerships, and corporations $2,319,446
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $369
    Deposits by Commercial banks and other depository institutions in U.S. $6,243
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $527,771
    Demand deposits $471,456
    Nontransaction accounts $1,798,287
    Money market deposit accounts (MMDAs) $504,268
    Other savings deposits (excluding MMDAs) $198,502
    Total time deposits $1,095,517
    Total time and savings deposits $1,854,602
    Noninterest-bearing deposits $471,423
    Interest-bearing deposits $1,854,635
    Retail deposits $1,513,204
    IRAs and Keogh plan accounts $35,591
    Brokered deposits $713,126
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,991,239
    Cash & Balances due from depository institutions $278,619
    Interest-bearing balances $273,590
    Total securities $9,224
    Federal funds sold & reverse repurchase $0
    Net loans and leases $2,601,037
    Loan and leases loss allowance $31,587
    Trading account assets $0
    Bank premises and fixed assets $54,637
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $47,722

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,991,239
    Total Liabilities $2,584,340
    Total deposits $2,326,058
    Interest-bearing deposits $1,854,635
    Deposits held in domestic offices $2,326,058
    % insured (estimated) $71
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $130,000
    Subordinated debt $0
    All other liabilities $128,282

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $2,601,037
    Loan and leases loss allowance $31,587
    Total loans and leases (domestic) $2,632,624
    All real estate loans $1,695,775
    Real estate loans in domestic offices $1,695,775
    Construction and development loans $152,601
    Residential 1-4 family construction $0
    Other construction, all land development and other land $152,601
    Loans secured by nonfarm nonresidential properties $1,012,124
    Nonfarm nonresidential secured by owner-occupied properties $130,494
    Commercial real estate & other non-farm, non-residential $881,630
    Multifamily residential real estate $102,882
    1-4 family residential loans $428,168
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $931,688
    To non-U.S. addressees $0
    Loans to individuals $804
    Credit card loans $804
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $0
    All other loans & leases $4,357
    Loans to foreign governments and official institutions $0
    Other loans $2
    Loans to depository institutions and acceptances of other banks $4,355
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $126,857
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Industrial and Commercial Bank of China USA had $2,601,037,000 of loans outstanding in 2021. $1,695,775,000 of loans were in real estate loans. $152,601,000 of loans were in development loans. $102,882,000 of loans were in multifamily mortgage loans. $428,168,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $804,000 of loans were in credit card loans. $0 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 45 $25,230 $560,667
    Nonfarm, nonresidential loans - $100-250k 1 $180 $180,000
    Nonfarm, nonresidential loans - $250k-1MM 44 $25,050 $569,318
    Commercial & Industrial, US addressed loans - <$1MM 1 $632 $632,000
    Commercial & Industrial, US addressed loans - $250k-1MM 1 $632 $632,000