Industrial And Commercial Bank Of China Usa Mortgage Rates, Fees & Info
New York, NY
LEI: 254900YLQBQNWLGKOI74
Tax ID: 95-3763643
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Mortgage Data
Bank Data
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
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.
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 |