First Community Bank Mortgage Rates, Fees & Info

Lexington, SC

LEI: 5493001HBUA9JSUEWO16

Tax ID: 57-1030051

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Mortgage Data

Bank Data

Review & Overview

First Community Bank is a smaller bank specializing in Home Purchase loans. First Community Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Columbia, Greenville, Augusta, Newberry, and Savannah among others. We have data for 32 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Community Bank 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. First Community Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.66% 4/14/24
30 Year Conventional Refi 6.70% 4/14/24
30 Year Cash-out Refi 6.86% 4/14/24
30 Year FHA Purchase 7.30% 4/14/24
30 Year FHA Refi 7.32% 4/14/24
30 Year VA Purchase 6.68% 4/14/24
30 Year USDA Purchase 6.99% 4/14/24
15 Year Conventional Purchase 6.49% 4/14/24
15 Year Conventional Refi 6.25% 4/14/24
15 Year Cash-out Refi 6.25% 4/14/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

First Community Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from First Community Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

623

Origination Dollar Volume (All Markets)

$118,635,000

Employee count

226 Show all (5) awards

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
COLUMBIA, SC (FHA|USDA|VA) 376 $72,220,000 $192,074 $3,643 4.85%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 64 $11,620,000 $181,563 $3,462 4.82%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 48 $7,550,000 $157,292 $3,465 4.73%
Newberry, SC (FHA|USDA|VA) 40 $5,810,000 $145,250 $3,643 4.79%
SAVANNAH, GA (FHA|USDA|VA) 2 $4,500,000 $2,250,000 $902 4.50%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 22 $4,040,000 $183,636 $4,688 4.68%
Orangeburg, SC (FHA|USDA|VA) 18 $2,500,000 $138,889 $3,169 5.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 6 $1,360,000 $226,667 $3,235 4.75%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 5 $1,145,000 $229,000 $4,747 4.78%
Seneca, SC (FHA|USDA|VA) 5 $1,015,000 $203,000 $4,248 4.70%
Outside of Metro Areas 8 $970,000 $121,250 $2,681 4.69%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 4 $930,000 $232,500 $7,664 4.47%
SPARTANBURG, SC (FHA|USDA|VA) 4 $730,000 $182,500 $5,260 4.71%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $435,000 $435,000 $525 3.75%
SUMTER, SC (FHA|USDA|VA) 3 $335,000 $111,667 $2,471 5.08%
WILMINGTON, NC (FHA|USDA|VA) 1 $315,000 $315,000 $4,801 4.99%
Albemarle, NC (FHA|USDA|VA) 1 $295,000 $295,000 $6,619 4.50%
ASHEVILLE, NC (FHA|USDA|VA) 1 $295,000 $295,000 $3,877 4.25%
Sevierville, TN (FHA|USDA|VA) 1 $275,000 $275,000 $3,866 4.25%
Georgetown, SC (FHA|USDA|VA) 1 $245,000 $245,000 $3,069 4.88%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $205,000 $205,000 $5,978 4.50%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $205,000 $205,000 $2,608 4.25%
Gaffney, SC (FHA|USDA|VA) 1 $205,000 $205,000 $6,854 4.75%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $205,000 $205,000 $1,748 3.75%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $195,000 $195,000 $5,492 4.75%
FLORENCE, SC (FHA|USDA|VA) 1 $195,000 $195,000 $2,555 3.88%
Greenwood, SC (FHA|USDA|VA) 1 $195,000 $195,000 $3,244 4.50%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $185,000 $185,000 $1,547 4.75%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $135,000 $135,000 $1,200 4.75%
Cullowhee, NC (FHA|USDA|VA) 1 $125,000 $125,000 $1,212 5.05%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $115,000 $115,000 $3,867 5.20%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $85,000 $85,000 $990 5.00%
First Community Bank's top markets include Columbia, Greenville, Augusta, Newberry, and Savannah among others.

Their top states include:
  • South Carolina (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 468 $95,220,000 $203,462 $3,499 4.84%
    FHA 97 $15,105,000 $155,722 $4,775 4.70%
    USDA 58 $8,310,000 $143,276 $2,817 4.77%

    For 2018, First Community Bank's most frequently originated type of loan was Conventional, with 468 originations. Their 2nd most popular type was FHA, with 97 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 484 $92,270,000 $190,640 $3,720 4.78%
    Refi 70 $15,690,000 $224,143 $2,955 4.89%
    Cash Out Refi 50 $9,100,000 $182,000 $4,200 4.90%
    Home Improvement 10 $570,000 $57,000 $1,477 4.95%
    Other 9 $1,005,000 $111,667 $3,083 5.19%

    For 2018, First Community Bank's most frequently cited loan purpose was Home Purchase, with 484 originations. The 2nd most popular reason was Refi, with 70 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 462 $84,330,000 $182,532 $3,479 4.78%
    5 Year 43 $6,065,000 $141,047 $1,354 5.47%
    Other 39 $10,555,000 $270,641 $2,117 4.92%
    30+ year 31 $9,285,000 $299,516 $7,469 4.76%
    15 Year 22 $4,020,000 $182,727 $3,861 4.16%
    1 Year 13 $2,125,000 $163,462 $3,038 5.11%
    10 Year 6 $700,000 $116,667 $4,953 4.46%
    20 Year 5 $1,265,000 $253,000 $4,717 4.73%
    3 Year 2 $290,000 $145,000 $0 4.90%

    For 2018, First Community Bank's most frequently cited loan duration was 30 Year, with 462 originations. The 2nd most popular length was 5 Year, with 43 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 338 $58,970,000 $174,467
    $1k-2k 80 $12,700,000 $158,750
    $2k-3k 62 $10,270,000 $165,645
    $3k-4k 53 $13,105,000 $247,264
    $4k-5k 18 $5,950,000 $330,556
    $5k+ 7 $3,345,000 $477,857

    First Community Bank's average total fees were $3,479, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 338 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 445 $92,345,000 $207,517
    5-6% 150 $21,560,000 $143,733
    3-4% 24 $4,460,000 $185,833
    6-7% 4 $270,000 $67,500

    During 2018, First Community Bank's average interest rate for loans was 4.78%, while their most frequently originated rate bucket for loans was 4-5%, with 445 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 292 $43,070,000 $147,500 $3,258 4.76%
    $200k-400k 168 $45,820,000 $272,738 $4,826 4.69%
    $100,000 or less 130 $9,250,000 $71,154 $2,497 5.13%
    $400k-600k 27 $12,205,000 $452,037 $4,488 4.68%
    $600k-1MM 4 $2,840,000 $710,000 $6,954 4.81%
    $1MM+ 2 $5,450,000 $2,725,000 $0 4.68%

    2018 saw First Community Bank place emphasis on $100k-200k loans with 292 originations, totaling $43,070,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 160 $26,540,000 $165,875 $3,647 4.75%
    $50k or less 128 $15,010,000 $117,266 $3,037 4.79%
    $100k-150k 93 $20,085,000 $215,968 $3,772 4.86%
    $75k-100k 93 $17,525,000 $188,441 $3,923 4.69%
    $150k-250k 75 $18,125,000 $241,667 $4,193 4.80%
    $250k+ 31 $9,735,000 $314,032 $3,991 4.93%

    First Community Bank lent most frequently to those with incomes in the $50k-75k range, with 160 originations. The second most popular income band? $50k or less, with 128 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 166 $30,740,000 $185,181 $3,550 4.80%
    30-36% 109 $20,565,000 $188,670 $3,766 4.76%
    <20% 68 $11,910,000 $175,147 $3,114 4.73%
    36% 28 $4,680,000 $167,143 $3,187 4.93%
    38% 19 $3,425,000 $180,263 $4,010 4.89%
    37% 19 $4,135,000 $217,632 $4,050 4.68%
    41% 19 $2,815,000 $148,158 $3,615 4.81%
    50-60% 18 $3,660,000 $203,333 $5,186 4.59%
    45% 18 $3,340,000 $185,556 $3,364 4.69%
    39% 18 $3,390,000 $188,333 $4,002 4.93%
    42% 16 $2,560,000 $160,000 $3,703 4.89%
    44% 15 $2,705,000 $180,333 $3,073 4.71%
    40% 14 $2,630,000 $187,857 $3,541 4.79%
    49% 12 $2,130,000 $177,500 $3,837 4.85%
    43% 12 $2,660,000 $221,667 $4,384 4.62%
    47% 11 $2,505,000 $227,727 $4,183 4.80%
    48% 10 $1,970,000 $197,000 $2,806 4.62%
    46% 7 $1,115,000 $159,286 $4,469 4.36%
    >60% 4 $900,000 $225,000 $8,986 5.64%

    First Community Bank lent most frequently to those with DTI ratios of 20-30%, with 166 originations. The next most common DTI ratio? 30-36%, with 109 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 503 $93,845,000 $186,571 $3,666 4.79%
    Not applicable 39 $10,725,000 $275,000 $0 5.32%
    Black 41 $7,105,000 $173,293 $4,038 4.76%
    Not provided 29 $4,605,000 $158,793 $3,106 4.73%
    Asian 9 $2,095,000 $232,778 $3,141 4.65%
    Native Hawaiian or Islander 1 $185,000 $185,000 $525 4.63%
    Other Asian 1 $75,000 $75,000 $0 5.75%

    Approval Rates

    Total approvals of all applications
    90.66%

    First Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.54%

    First Community Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 623 $118,635,000 $190,425

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 2 $540,000 $270,000
    Multifamily:Site-Built 6 $6,600,000 $1,100,000
    Single Family (1-4 Units):Manufactured 44 $4,400,000 $100,000
    Single Family (1-4 Units):Site-Built 571 $107,095,000 $187,557

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 20 $2,020,000 $101,000 $2,296 4.92%
    40-60% 44 $7,490,000 $170,227 $3,503 4.87%
    60-80% 200 $43,510,000 $217,550 $3,787 4.91%
    80-100% 346 $63,490,000 $183,497 $3,726 4.74%
    Over 100% 5 $915,000 $183,000 $3,243 4.65%
    Under 20% 8 $1,210,000 $151,250 $1,065 5.03%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    FIRST COMMUNITY MORTGAGE, INC. Conventional home mortgage Trouble during payment process 1 33.3%
    FIRST COMMUNITY MORTGAGE, INC. Conventional home mortgage Closing on a mortgage 1 33.3%
    FIRST COMMUNITY MORTGAGE, INC. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    First Community Bank 101 N Wheeler Avenue Prosperity, SC 29127 Full Service B&M $25,958
    First Community Bank 1030 Lake Murray Boulevard Irmo, SC 29063 Full Service B&M $51,385
    First Community Bank 11000 Anderson Road Piedmont, SC 29673 Full Service B&M $20,207
    First Community Bank 1213 Lady Street Columbia, SC 29201 Full Service B&M $49,019
    First Community Bank 127 Amicks Ferry Road Chapin, SC 29036 Full Service B&M $67,336
    First Community Bank 1449 Two Notch Road Lexington, SC 29073 Full Service B&M $29,864
    First Community Bank 1670 East Main Street Easley, SC 29641 Full Service B&M $84,173
    First Community Bank 1735 Wilson Road Newberry, SC 29108 Full Service B&M $116,944
    First Community Bank 201 Main Street Blythewood, SC 29016 Full Service B&M $14,855
    First Community Bank 3638 Walton Way Extension Augusta, GA 30909 Full Service B&M $63,111
    First Community Bank 407 Silver Bluff Road Sw Aiken, SC 29803 Full Service B&M $36,494
    First Community Bank 4325 Augusta Hwy Gilbert, SC 29054 Full Service B&M $40,235
    First Community Bank 4404 Forest Drive Columbia, SC 29206 Full Service B&M $76,484
    First Community Bank 45 Farrs Bridge Road Greenville, SC 29617 Full Service B&M $20,957
    First Community Bank 506 Meeting Street West Columbia, SC 29169 Full Service B&M $47,125
    First Community Bank 5455 Sunset Boulevard Lexington, SC 29072 Full Service B&M $133,989
    First Community Bank 631 W. Dekalb Street Camden, SC 29020 Full Service B&M $28,996
    First Community Bank 771 Broad St Augusta, GA 30901 Full Service B&M $765
    First Community Bank 9822 Two Notch Road Columbia, SC 29223 Full Service B&M $30,247

    For 2018, First Community Bank had 19 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $39,713
    Net interest income $36,346
    Total noninterest income $10,703
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,847
    Trading account gains and fees $0
    Additional Noninterest Income $8,856
    Pre-tax net operating income $15,347
    Securities gains (or losses, -) $-343
    Income before extraordinary items $12,069
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $12,069
    Minority interest net income $0
    Net income $12,069
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $12,343

    First Community Bank's gross interest income from loans was $39,713,000.
    First Community Bank's net interest income from loans was $36,346,000.
    First Community Bank's fee based income from loans was $1,847,000.
    First Community Bank's net income from loans was $12,069,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,367
    Provision for credit losses $346
    Total noninterest expense $31,356
    Salaries and employee benefits $19,299
    Premises and equipment expense $3,612
    Additional noninterest expense $8,445
    Applicable income taxes $2,935
    Net charge-offs $-120
    Cash dividends $3,721

    First Community Bank's interest expense for loans was $3,367,000.
    First Community Bank's payroll and benefits expense were $19,299,000.
    First Community Bank's property, plant and equipment expenses $3,612,000.

    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 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 $931,117
    Deposits held in domestic offices $931,117
    Deposits by Individuals, partnerships, and corporations $861,431
    Deposits by U.S. Government $26
    Deposits by States and political subdivisions in the U.S. $69,660
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $47,226
    Demand deposits $47,226
    Nontransaction accounts $883,891
    Money market deposit accounts (MMDAs) $191,537
    Other savings deposits (excluding MMDAs) $513,211
    Total time deposits $179,143
    Total time and savings deposits $883,891
    Noninterest-bearing deposits $250,250
    Interest-bearing deposits $680,867
    Retail deposits $903,285
    IRAs and Keogh plan accounts $30,645
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,091,340
    Cash & Balances due from depository institutions $32,211
    Interest-bearing balances $17,883
    Total securities $254,068
    Federal funds sold & reverse repurchase $57
    Net loans and leases $715,422
    Loan and leases loss allowance $6,263
    Trading account assets $0
    Bank premises and fixed assets $34,960
    Other real estate owned $1,460
    Goodwill and other intangibles $16,643
    All other assets $36,519

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,091,340
    Total Liabilities $969,356
    Total deposits $931,117
    Interest-bearing deposits $680,867
    Deposits held in domestic offices $931,117
    % insured (estimated) $77
    Federal funds purchased and repurchase agreements $28,023
    Trading liabilities $0
    Other borrowed funds $231
    Subordinated debt $0
    All other liabilities $9,985

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $715,422
    Loan and leases loss allowance $6,263
    Total loans and leases (domestic) $721,685
    All real estate loans $658,188
    Real estate loans in domestic offices $658,188
    Construction and development loans $78,729
    Residential 1-4 family construction $16,479
    Other construction, all land development and other land $62,250
    Loans secured by nonfarm nonresidential properties $412,367
    Nonfarm nonresidential secured by owner-occupied properties $212,122
    Commercial real estate & other non-farm, non-residential $200,245
    Multifamily residential real estate $17,233
    1-4 family residential loans $147,518
    Farmland loans $2,341
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $49,213
    To non-U.S. addressees $0
    Loans to individuals $9,674
    Credit card loans $0
    Related Plans $1,624
    Consumer Auto Loans $554
    Other loans to individuals $7,496
    All other loans & leases $4,610
    Loans to foreign governments and official institutions $0
    Other loans $206
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $2,399
    Non 1-4 family restructured loans & leases $1,598
    Total loans and leases (foreign) $0

    First Community Bank had $715,422,000 of loans outstanding in 2018. $658,188,000 of loans were in real estate loans. $78,729,000 of loans were in development loans. $17,233,000 of loans were in multifamily mortgage loans. $147,518,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $554,000 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 801 $185,276 $231,306
    Nonfarm, nonresidential loans - <$100k 145 $6,367 $43,910
    Nonfarm, nonresidential loans - $100-250k 263 $33,280 $126,540
    Nonfarm, nonresidential loans - $250k-1MM 393 $145,629 $370,557
    Commercial & Industrial, US addressed loans - <$1MM 600 $33,019 $55,032
    Commercial & Industrial, US addressed loans - <$100k 437 $9,451 $21,627
    Commercial & Industrial, US addressed loans - $100-250k 111 $8,992 $81,009
    Commercial & Industrial, US addressed loans - $250k-1MM 52 $14,576 $280,308
    Farmland loans - <$1MM 10 $1,092 $109,200
    Farmland loans - <$100k 6 $306 $51,000
    Farmland loans - $100-250k 3 $511 $170,333
    Farmland loans - $250k-1MM 1 $275 $275,000