Industrial And Commercial Bank Of China Usa Mortgage Rates, Fees & Info
New York, NYLEI: 254900YLQBQNWLGKOI74
Tax ID: 95-3763643
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Review & Overview
Industrial And Commercial Bank Of China Usa is a smaller bank specializing in Home Purchase, Cash Out Refi, and Refi loans. Industrial And Commercial Bank Of China Usa has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, San Francisco, New York, Houston, and San Jose among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)Industrial And Commercial Bank Of China Usa 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
220Origination Dollar Volume (All Markets)
$215,140,000Employee count
296Top 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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 73 | $58,515,000 | $801,575 | $0 | 0.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 54 | $41,600,000 | $770,370 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 30 | $36,640,000 | $1,221,333 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $36,005,000 | $36,005,000 | $0 | 0.00% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 20 | $18,900,000 | $945,000 | $0 | 0.00% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 12 | $11,720,000 | $976,667 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 15 | $6,175,000 | $411,667 | $0 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $1,170,000 | $585,000 | $0 | 0.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 0.00% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 0.00% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 0.00% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 220 | $215,140,000 | $977,909 | $0 | 0.00% |
For 2020, Industrial And Commercial Bank Of China Usa's most frequently originated type of loan was Conventional, with 220 originations.
Loan Reason
For 2020, Industrial And Commercial Bank Of China Usa's most frequently cited loan purpose was Home Purchase, with 91 originations. The 2nd most popular reason was Cash Out Refi, with 71 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 220 | $215,140,000 | $977,909 | $0 | 0.00% |
For 2020, Industrial And Commercial Bank Of China Usa's most frequently cited loan duration was Other, with 220 originations.
Loan Sizing
2020 saw Industrial And Commercial Bank Of China Usa place emphasis on $600k-1MM loans with 74 originations, totaling $55,420,000 in origination value.
Applicant Income
Industrial And Commercial Bank Of China Usa lent most frequently to those with incomes in the $250k+ range, with 22 originations. The second most popular income band? $150k-250k, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 220 | $215,140,000 | $977,909 | $0 | 0.00% |
Industrial And Commercial Bank Of China Usa lent most frequently to those with DTI ratios of Exempt%, with 220 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.70%
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 origination66.82%
Industrial And Commercial Bank Of China Usa has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 220 | $215,140,000 | $977,909 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 5 | $58,725,000 | $11,745,000 |
| Single Family (1-4 Units):Site-Built | 215 | $156,415,000 | $727,512 |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Industrial and Commercial Bank of China Usa, National Association | 1001 Grant Avenue San Francisco, CA 94133 | Full Service B&M | $258,254 |
| Industrial and Commercial Bank of China Usa, National Association | 1250 Noriega Street San Francisco, CA 94122 | Full Service B&M | $82,197 |
| Industrial and Commercial Bank of China Usa, National Association | 1633 Broadway, 28th Floor New York, NY 10019 | Full Service B&M | $374,945 |
| Industrial and Commercial Bank of China Usa, National Association | 168 West Valley Boulevard San Gabriel, CA 91776 | Full Service B&M | $50,948 |
| Industrial and Commercial Bank of China Usa, National Association | 17180 Colima Road Hacienda Heights, CA 91745 | Full Service B&M | $141,070 |
| Industrial and Commercial Bank of China Usa, National Association | 202 Canal Street New York, NY 10013 | Full Service B&M | $267,849 |
| Industrial and Commercial Bank of China Usa, National Association | 23133 Hawthorne Boulevard. Suite 100 Torrance, CA 90505 | Full Service B&M | $49,853 |
| Industrial and Commercial Bank of China Usa, National Association | 235 Grand Avenue, Suite 101 South San Francisco, CA 94080 | Full Service B&M | $113,784 |
| Industrial and Commercial Bank of China Usa, National Association | 388 East Valley Boulevard, Suite 118 Alhambra, CA 91801 | Full Service B&M | $206,130 |
| Industrial and Commercial Bank of China Usa, National Association | 39-02 Main Street Flushing, NY 11354 | Full Service B&M | $170,014 |
| Industrial and Commercial Bank of China Usa, National Association | 401 Ninth Street Oakland, CA 94607 | Full Service B&M | $102,994 |
| Industrial and Commercial Bank of China Usa, National Association | 5714 8th Avenue (At 57th Street) Brooklyn, NY 11220 | Full Service B&M | $67,229 |
| Industrial and Commercial Bank of China Usa, National Association | 5773 Rosemead Boulevard Temple City, CA 91780 | Full Service B&M | $79,775 |
| Industrial and Commercial Bank of China Usa, National Association | 622 Clement Street San Francisco, CA 94118 | Full Service B&M | $66,772 |
For 2020, Industrial And Commercial Bank Of China Usa had 14 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $100,560 |
| Net interest income | $75,457 |
| Total noninterest income | $5,822 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $642 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $5,180 |
| Pre-tax net operating income | $-49,810 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $-50,911 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $-50,911 |
| Minority interest net income | $0 |
| Net income | $-50,911 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $-50,911 |
Industrial And Commercial Bank Of China Usa's gross interest income from loans was $100,560,000.
Industrial And Commercial Bank Of China Usa's net interest income from loans was $75,457,000.
Industrial And Commercial Bank Of China Usa's fee based income from loans was $642,000.
Industrial And Commercial Bank Of China Usa's net income from loans was $-50,911,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $25,103 |
| Provision for credit losses | $17,400 |
| Total noninterest expense | $113,689 |
| Salaries and employee benefits | $36,945 |
| Premises and equipment expense | $12,415 |
| Additional noninterest expense | $64,329 |
| Applicable income taxes | $1,101 |
| Net charge-offs | $1,037 |
| Cash dividends | $0 |
Industrial And Commercial Bank Of China Usa's interest expense for loans was $25,103,000.
Industrial And Commercial Bank Of China Usa's payroll and benefits expense were $36,945,000.
Industrial And Commercial Bank Of China Usa's property, plant and equipment expenses $12,415,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 0.0% |
| Real Estate loans | 1.0% |
| Construction & Land Development loans | 10.0% |
| Nonfarm, nonresidential loans | 0.0% |
| 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 | $2,222,147 |
| Deposits held in domestic offices | $2,222,147 |
| Deposits by Individuals, partnerships, and corporations | $2,214,597 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $351 |
| Deposits by Commercial banks and other depository institutions in U.S. | $7,199 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $486,697 |
| Demand deposits | $431,289 |
| Nontransaction accounts | $1,735,450 |
| Money market deposit accounts (MMDAs) | $455,170 |
| Other savings deposits (excluding MMDAs) | $176,381 |
| Total time deposits | $1,103,899 |
| Total time and savings deposits | $1,790,858 |
| Noninterest-bearing deposits | $431,286 |
| Interest-bearing deposits | $1,790,861 |
| Retail deposits | $1,415,891 |
| IRAs and Keogh plan accounts | $32,495 |
| Brokered deposits | $700,365 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $2,900,250 |
| Cash & Balances due from depository institutions | $183,184 |
| Interest-bearing balances | $171,280 |
| Total securities | $10,517 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $2,602,106 |
| Loan and leases loss allowance | $31,178 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $54,210 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $50,233 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $2,900,250 |
| Total Liabilities | $2,507,878 |
| Total deposits | $2,222,147 |
| Interest-bearing deposits | $1,790,861 |
| Deposits held in domestic offices | $2,222,147 |
| % insured (estimated) | $73 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $210,000 |
| Subordinated debt | $0 |
| All other liabilities | $75,731 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $2,602,106 |
| Loan and leases loss allowance | $31,178 |
| Total loans and leases (domestic) | $2,633,284 |
| All real estate loans | $1,735,065 |
| Real estate loans in domestic offices | $1,735,065 |
| Construction and development loans | $214,542 |
| Residential 1-4 family construction | $0 |
| Other construction, all land development and other land | $214,542 |
| Loans secured by nonfarm nonresidential properties | $1,090,132 |
| Nonfarm nonresidential secured by owner-occupied properties | $139,994 |
| Commercial real estate & other non-farm, non-residential | $950,138 |
| Multifamily residential real estate | $85,117 |
| 1-4 family residential loans | $345,274 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $889,786 |
| To non-U.S. addressees | $38,882 |
| Loans to individuals | $799 |
| Credit card loans | $799 |
| Related Plans | $0 |
| Consumer Auto Loans | $0 |
| Other loans to individuals | $0 |
| All other loans & leases | $7,634 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $8 |
| Loans to depository institutions and acceptances of other banks | $7,626 |
| Loans not secured by real estate | $0 |
| Loans secured by real estate to non-U.S. addressees | $139,090 |
| 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 $2,602,106,000 of loans outstanding in 2020. $1,735,065,000 of loans were in real estate loans. $214,542,000 of loans were in development loans. $85,117,000 of loans were in multifamily mortgage loans. $345,274,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $799,000 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 | 59 | $31,567 | $535,034 |
| Nonfarm, nonresidential loans - $100-250k | 3 | $498 | $166,000 |
| Nonfarm, nonresidential loans - $250k-1MM | 56 | $31,069 | $554,804 |
| Commercial & Industrial, US addressed loans - <$1MM | 2 | $601 | $300,500 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 2 | $601 | $300,500 |